1DAYUMAY
Short

AUDCAD trading wave C of a zig zag

FX:AUDCAD   Australian Dollar/Canadian Dollar
146 0 0
it appears red wave 1 is complete and we are working on red wave 2 which appears to be taking the form of a zig zag .


I believe we are working on the lower degree blue wave C.

it appears lower degree blue wave i is complete and looking for ret for blue wave ii. as long as blue wave ii does not move past the high of the large blue wave b the wave count is valid and would expect to resume the trend to the downside looking for 5 blue waves to complete blue wave C of the zig zag for red wave 2.

if all this plays out then we would expect 5 large red waves to the upside.

I DO NO EXPECT RED WAVE 2 TO TAKE OUT THE START OF RED WAVE 1
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