UsdCad has been in the most difficult corrective price action - for so long - that I'm definitely not qualified
to analyze an accurate outcome ! But, if I were to guess, And I Love To Guess: This is the one I choose.
The first 2 drives has respectable harmonics/symmetry but, the X wave correction, in what appears to
be a double zig-zag from the September lows, was so shallow it has
really messed up the harmonics of the 3rd and last drive. I'm thinking that the resistance @1.0660
which goes back to the support/resistance between 2005 and 2007 on the weekly chart will be the top.
In this final zig/zag. The b leg may already be over (on 2hr chart) and we're looking at the last 5 legs up:
but for now, looking for an a-b-c- flat before the C leg starts and should end with 5 legs up.
Let's see how close or "unclose" ? my guess will be ! (even tho we are not playing horseshoes)
The final answer will be what it all looks like if/when we reach 1.0660 !
to analyze an accurate outcome ! But, if I were to guess, And I Love To Guess: This is the one I choose.
The first 2 drives has respectable harmonics/symmetry but, the X wave correction, in what appears to
be a double zig-zag from the September lows, was so shallow it has
really messed up the harmonics of the 3rd and last drive. I'm thinking that the resistance @1.0660
which goes back to the support/resistance between 2005 and 2007 on the weekly chart will be the top.
In this final zig/zag. The b leg may already be over (on 2hr chart) and we're looking at the last 5 legs up:
but for now, looking for an a-b-c- flat before the C leg starts and should end with 5 legs up.
Let's see how close or "unclose" ? my guess will be ! (even tho we are not playing horseshoes)
The final answer will be what it all looks like if/when we reach 1.0660 !