USDCAD Can Be Rising For make third wave of zig zag correction
Using MACD line crossing the "0" line as a noise filter and confirmation of a wave formation. Each cross confirms peak/trough formed in between, and we're using it in our timeframe (no subcounts)
Wave 1 (subdivided in 5 subwaves) has ended at 231. We will have a wave iii of 3 of C (C is a third wave) so we should have massive volume, price could go really low. Now we should get a small retracement before wave 3 begins.
In this chart i have contrasted 2 ways to count the recent gold's decline. In blue there is the wave count expressed by the EWI, that went open public in a video released the last week. In black is my view of the wave count (I hold from at least since year or so that this decline have a very significant 3)rd wave extension) Both wave counts have the their's weak...