BijayRai93

BijayRai93

This chart provides my future view on cadchf perspective which is undergoing a running flat correction .In 2 hr tf.I see it going further down after the bounce off the RSI 60 level which is Cardwellian RSI range rule. Given the bollinger band burst in higher tf (weekly) , it is likely to do down . Alternative scenario will be a complex prolonged consolidation.

BijayRai93

The chart shows my estimation of CadChf's price action based on Elliot wave perspective coupled with waves RSI and Ichimoku cloud properties . I also use KCT (Kennedy Channeling technique )and Fibonacci. Here the fifth wave is running with its extension into minor five waves . We could see price bounce after the completion of the Last minor fifth wave .