We had a nice impulse from our previous analysis We are now creating a Running/Expanded flat
Believe we are currently in a side-way motion creating a complex WXY pattern Current wave could have either 3 or 5 waves Watching price at 124-141 fib level
An update from previous analysis Current wave broke previous bottom Creating a Running Flat Expecting wave up to trend line before a 5 wave down to complete larger Impulsive correction
Waiting for a wave up to break the trend line before further downside
We have had a nice bullish move since last Analysis Currently in a Corrective move Watching price as it hits 127-141 fib level
Waiting for a flag/correction on the lower time frame to confirm upside In wave 5 of the X-Wave in complex WXY Once top is broken should be looking for sign of downside
Price moved as accordingly to our previous analysis Expecting a wave down to complete either a Running Flat or Expanded Flat
Expecting 1 more wave down before upside breaking the channel
Currently in a correction Preparing for a wave down
Previous butterfly pattern was only able to hit the 38.2 fib target Now believe we had a contracting flat with an ending diagonal with lots of RSI divergence now to complete the C wave
Small profit from previous analysis I believe we have created an Expanded B wave Flat therefore the previous Top should hold Keeping an eye on this current wave to see how it progresses A break below (b) would complete the Flat and confirm downside
Currently in B - wave creating either a Running Flat or Expanded Flat Expecting price to reverse at the 113 fib level
Price moved exactly how we wanted Either a Running Flat or Expanded flat Keep eye on price as reversal is near
Broken below the Ending Diagonal with a Flag formation preparing for the BoC Interest rate release Sell the break out
We are currently in a C-wave of a Flat correction on the larger time frame We could have a Contracting flat on the lower time frame Leaning towards it being an extended B wave Butterfly formation expecting price to pullback at the 127-161 fib levels
Ending diagonal formation with lots of divergence from the RSI Expecting a strong break out to the upside during tomorrows BoC interest rate decision