USDCAD is in a classic impulse pattern. Waves 1 and 4 are not overlapped, wave 3 is not the shortest wave compared to waves 1 and 5 and waves 1 and 5 are equal.
It's safe to say that the impulse phase is complete and we are most likely to start trading in a corrective phase. Not certain how long the correction will last but the price can be 100% of the previous move which is the impulse pattern.
It's safe to say that the impulse phase is complete and we are most likely to start trading in a corrective phase. Not certain how long the correction will last but the price can be 100% of the previous move which is the impulse pattern.
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