It looks like we have completed or are close to completing wave 4 for EURCAD. Since wave 2 retraced to the 61.8% Fibonacci level, the fourth wave should be shallower, with a likely completion around the 38.2% Fibonacci retracement level.
Additionally, the formation of wave 4 aligns with a price channel connecting the first three waves, reinforcing the overall structure.
Once wave 4 is confirmed, I expect further market growth in wave 5, continuing the broader trend.
Additionally, the formation of wave 4 aligns with a price channel connecting the first three waves, reinforcing the overall structure.
Once wave 4 is confirmed, I expect further market growth in wave 5, continuing the broader trend.
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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.