My thoughts and observations on EURCAD

24 באפר׳ 2022

This is my proposed wave count. Scroll to the left to see it completely with subdivisions. My hypothesis is that Wave 5 is a falling wedge that, depending on price action confirmations, might have printed a bottom already. With this said, if this count is right, we should see a rally in the coming days. Note that it is proposed that Wave 1 is also a falling wedge. Wave 3 extended 138% Fibonacci of Wave 1-2 and Wave 5 extended 200% the depth of Wave 3-4. We'll keep this one in the radar.

*Not financial advice*
Happy pip hunting!