Our analysis so far remained in tact and the prices followed our prediction. On the chart you can see the major 5th wave (in blue), the major correctional ABC pattern (circled letters), the minor ABC formations (in yellow) and the purple Elliot pulse. Our target is 1.28 for short term and above 1.3 for the long term (will be detailed later). So far our record is as follows:
1- We short USD/CAD at 1.259 at H&S breakout in April 14th and closed position on May the 10th at 1.208
2- We were expecting the B wave to go LONG but did not react fast at wedge breakout on May 18th. So we missed the major B wave
3- We correctly sold short on June 8th with tight protective stop and closed position on 19th. We were expecting the B wave to go further down to 1.98 which did not occur
4- We got long on June 22th and still in position enjoying the ride. Target is around 1.28 (end of 3rd wave- purple Elliot wave count on chart)
1- We short USD/CAD at 1.259 at H&S breakout in April 14th and closed position on May the 10th at 1.208
2- We were expecting the B wave to go LONG but did not react fast at wedge breakout on May 18th. So we missed the major B wave
3- We correctly sold short on June 8th with tight protective stop and closed position on 19th. We were expecting the B wave to go further down to 1.98 which did not occur
4- We got long on June 22th and still in position enjoying the ride. Target is around 1.28 (end of 3rd wave- purple Elliot wave count on chart)