USD/CAD. Bullish structure.
In Elliott wave principle, the market moves in waves, and each wave has its own sub wave which can be labelled as a 1,2,3,4,5.
Wave 1,3 and 5 are impulsive waves while wave 2 and 4 are corrective waves. Currently we've completed the wave 4. We're heading up to complete the 5th wave.
NOTE: do not jump into the market. This structure is to help you see an overview of the USD/CAD. 1DAY structure.
In Elliott wave principle, the market moves in waves, and each wave has its own sub wave which can be labelled as a 1,2,3,4,5.
Wave 1,3 and 5 are impulsive waves while wave 2 and 4 are corrective waves. Currently we've completed the wave 4. We're heading up to complete the 5th wave.
NOTE: do not jump into the market. This structure is to help you see an overview of the USD/CAD. 1DAY structure.