$cad's recent bear run formed 61.8% relationship with prior similar bear run down. Symmetry with this last structure's run from breaking it's 38% to 50% retrace levels took 70 days, which is approximately 38 days for our current structure to peak around it's 50% retracement mark after breaking the 31.8% level, which is represented by the vertical line. Red box showing time and price intersect. Also observing symmetry among the three white wedges suggesting continued $cad rally
Current bull flag attempted to break lower bound but failed and has already broken the upper bound by ~10 pips. Expecting a $cad rally to minimum levels 1.3580 - 1.3630 this week.
Current bull flag attempted to break lower bound but failed and has already broken the upper bound by ~10 pips. Expecting a $cad rally to minimum levels 1.3580 - 1.3630 this week.
Comment:
Hey guys, the 61.8% relationship is comparing the bear runs 1) 2009-04-01 to 2011-07-20 and 2) 2016-01-15 to 2016-04-28, which formed a 1:61.8 ratio
Comment:
buy now