FX:AUDCAD Australian Dollar/Canadian Dollar
It's the first wave of any XABCD pattern. Remember that several price waves may exist within a single harmonic wave (for instance a CD wave or AB wave). Prices are constantly gyrating; therefore, it is important to focus on the bigger picture of the time frame being traded. The fractal nature of the markets allows the theory to be applied from the smallest to largest time frames. To identify the pattern follow these proportions: https://vk.com/doc200859621_437523184?hash=c1d2af14157382222a&dl=d4ba2c04369b24a612
I was not asing you for the ratios. I only asked you for your XA identification rules. Your answer of "It's the first wave of any XABCD pattern. Remember that several price waves may exist within a single harmonic wave (for instance a CD wave or AB wave)" tells absolutely nothing. Let me put my questin in a different way. What are your rules for identifying "the first wave of any XABCD pattern"?
Sorry, misunderstood you. Actually, I have no idea how to explain it. We just see that trend went in flat, but then started forming strong ascending movement, we choose the lowest as X and highest as A, as it is bullish bat. If have any other way of explanation or you've found any mistakes, please tell me.