Ever since we got the bearish cross on SPX in August 2015, PA did make a new ATH but hasn't made a bullish cross! This overthrow is even more bearish imo. The roadmap obviously shows a correction is underway for at least 50% drop if not more, but let's be conservative and estimate a drop to 2007 peak at 1576, that makes 28.17%. We'll see what happens there. Cheers
After a double bottom formed above 1.85, there is a pretty good chance that PA will make the break of daily trendline and continue above 1.88. Should this happen look for bearish crab completion above 1.91. Failing to do so, a visit to 1.85 lows is very likely. Since WTI price has a great impact on CAD, drop in oil price would weaken CAD and longing GBPCAD would ...
Although SCCO completed the bearish gartley, the pullback tested the daily breakout. Should keep above the daily trendline and go for a new high. This move is playing on weekly double bottom so very likely for bullish continuation. Strong resistence cluster around the 30 mark, supply. If this breaks look for 35.63 harmonic target on bearish crab.
PA is still in channel. Break to the downside has 2 targets, 2.07665 and 2.05053, that's if PA breaks the channel. Upper range break would target 2.13550 and perhaps 2.14570. Keep in mind the weekly chart where a pennant is forming and the bullish bat completion at 2.00 is in progress!!!https://www.tradingview.com/x/GZuHP8r5/