CADCHF LOOKING BEARISH ACCORDING TO ELLIOTT WAVE
A BEARISH 5 WAVES MOVES LOOKS TO BE TAKING PLACE.
THE 5WAVE MOVE STARTED WITH A LEADING DIAGONAL AND RETRACED GIVING US A WAVE 2.
IT PROGRESSED WITH A STRONG WAVE 3 AND RETRACED ON A COMPLEX WXY WAVE 4.
WE NOW LOOK FOR FURTHER DOWN MOVE TO WAVE 5 ONLY WHEN THE MARKET DOES NOT BREAK THE WAVE 1 INVALIDATION POINT
THE 5WAVE MOVE STARTED WITH A LEADING DIAGONAL AND RETRACED GIVING US A WAVE 2.
IT PROGRESSED WITH A STRONG WAVE 3 AND RETRACED ON A COMPLEX WXY WAVE 4.
WE NOW LOOK FOR FURTHER DOWN MOVE TO WAVE 5 ONLY WHEN THE MARKET DOES NOT BREAK THE WAVE 1 INVALIDATION POINT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.