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Mar 28, 2022 6:09 PM

🔮USD/CAD — Elliott Wave Analysis 

U.S. Dollar/Canadian DollarFXCM

Description

●● Preferred count
USDCAD: 🕐3M

Fig.1

The historical price chart is taken from the RSWA forum. The author of the work is honored and respected, I am sure that it is worth a lot of work to collect and process such an array of data. But for a number of reasons, I did not consider it necessary to publish the original version of the markup.

In Fig.1 there is a marking of my authorship, which suggests the development of the
(c) as part of the "Grand Supercycle"
((IV)).
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USDCAD (FXCM):🕐4D

Fig.2

The wave structure of a wave (B) of meets all requirements, can be considered complete. At the same time, you can find a dozen variants of local alternatives that allow the formation of correction (B) to continue in one form or another.
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USDCAD (FXCM):🕐1D

Fig.3

One of the most likely, in my opinion, local alternatives within the daily timeframe is marked in black, namely the
A-B-C , within which C forms the
. This marking option will become the main one in case the current top (B), level 1.20036 is broken.
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USDCAD (FXCM):🕐8h

Fig.4

Most likely, wave 1 of (C) takes the form of an
consisting of zigzags.
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●● Alternative count
USDCAD (FXCM):🕐4D

Fig.5

In Fig.5, there is another version of the wave counting, which can be implemented in the medium term.

The
can significantly expand its boundaries. Yes, there are questions about the counting of some wave structures, but for that it is an alternative scenario.
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Comments
auduaishat2021
why is it so complicated ??? this chart is as simple as ABC and it's falling 1000pips
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