AndyM
Long

CAD, Crude, RUR - wave 4 is in place, last advance to follow

FX:USDCAD   U.S. Dollar/Canadian Dollar
891 2 18
Hi All,
This swing low in CAD and swing high in Crude that occured yesterday and today mean that wave 4 of the decline in Crude is in place. Wave 4 is very often a powerful counter-trend move which gives a false impression that the trend has reversed. Once the crowd positions inself for trend reversal, the trend will resume in w5.

So, awaiting wave 5 decline in Crude and the corresponding decline in SPX             over the course of the next two weeks. Note that the decline in Crude can be quite a big one - SPX             is by far not done falling, so something spectacular still needs to happen. Prepare for the unexpected.
Csys
10 months ago
A great analysis again! I started to believe that one can make a living with just following your analyses lol
+1 Reply
TRDVMA PRO
10 months ago
Hi. It matches my long term Analysis exactly to the same wave count. However, I expect the current retrace to go down to 1.38 levels, where we see a strong support. Bear in mind that Brent Oil may go up to 36-37 dollars. Regards and good trades.
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