Price formed a 4h Buy Signal last friday, price may make a correction to the top of the Trendlinie in a 5-wave structure.
From there further downside movement should be expected to a new daily low.
Time wise it lines up with Friday CAD news which could result in an large down move over the next 3-4 weeks.
From there further downside movement should be expected to a new daily low.
Time wise it lines up with Friday CAD news which could result in an large down move over the next 3-4 weeks.