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UPDATE: USDCAD - Totally USELESS Crab: IMPROVED & MORE USEFUL!

FX:USDCAD   U.S. Dollar/Canadian Dollar
95 3 2
In my earlier post, I posted a very premature crab pattern that I deemed "TOTALLY USELESS". Well, at the time it was. I was only drawing it in at that time as a thought exercise as the B point was not even confirmed yet and the C point was nowhere to be found.
USDCAD: Further Thoughts and Possible TOTALLY USELESS Crab!

Fast forward a few hours later and here we have a much, improved and much more USEFUL crab pattern with the B point firmly in place and the C point potentially established. I've filled in more details and as you can see, this crab would terminate very close to the TP1. Further cementing the point I made earlier in my analysis about this pair (see "Related Ideas: USDCAD: So You Wanna Go SHORT? B4 You Do, You Should Know...") that should prices reach TP1, I think that will complete the retracement and begin wave ( iii             ) up past the recent highs.

For some perspective about where this crab fits in the greater scheme of things in regards to the Gartley , here's a DAILY chart showing the crab .
snapshot
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jonclemente67
a year ago
good
Reply
Sebonnaci
a year ago
nice
Reply
zevik.lei
a year ago
Following, thx.
Reply
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