Elliott wave Analysis: USDCAD and Crude oil Intra-day Updates
Elliott wave Analysis: USDCAD and Crude oil Intra-day Updates
USDCAD broke lower, now making a sharp fall out of a Elliott wave triangle it seems so we need five sub-waves within a fifth wave before this bear move may come to an end. There is room for 1.2300/1.2300.
USDCAD, 1h
Crude Oil is in wave c of a three wave set-back which can be a final leg of a wave four pullback, which however may still retest the base channel line before price moves up for wave five. We however think that sooner or later price will bounce higher.
Crude oil, 1h
Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.
http://www.ew-forecast.com/service
Find more: Contributing Authors
