dojitrader
Long

7 or 11 Swings Suggest Correction Nearing Completion ???

FX:USDCAD   U.S. Dollar/Canadian Dollar
183 2 7
The preferred EWave count, very overlapping/corrective, and
within a channel, was showing what seemed to be headed for 11 swings
and the completion of a triple flat ?
BUT, a fly in the soup is this last proposed B wave showing a subdivision of 5 waves
to my eye, therefore the alternate count would be a double having completed
at 1.11896 and this is a wave ii. Thus any 3 wave structure that hits about
1.1205/15 would be a signal to go long with stops below 1.11896 the point
of invalidation. THEN, maybe another chance @ 1.1150 ?
Might even be a Gartley pattern for a little extra confirmation.
1.272 fib ext of A to B @ 1.1208 ~~~ pt D has no .786 confluence.
very good. an alternative a have been looking at is a zigzag with wave A as a leading diagonal
snapshot


good luck now!;)
Reply
dojitrader traderWgun
Luck to you too !!!
Do you think that C should be as "big" in terms of time as A
or you're thinking that C is already complete ?
FYI I just saw a C wave being an ending diagonal.
what are the odds of that ?
Reply
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