USDCAD- When you are wrong in waves from high@1.3306

FX:USDCAD   美元/加元
113 0
One of the cardinal rules of elliottwave- wave 4 can never ever go into wave 1 region - from highs 1.3306 -this fall has been in 3 waves down. From 1.3306 to 1.3185 -called as wave 1 -then wave 2 from 1.3185 to 1.3220 -finally from 1.3220 to 1.3101- wave 3

So what is next - obviously wave 4 -as all we know -wave 4 can never go in the wave 1 region- where does wave 1 completed at? - Yes, you are correct at lows 1.3185- wave 1 completed so when do you know your count is wrong -very simple, if UC goes above 1.3185 which is wave 1 as per our assumption this count becomes invalid, so what are we left with - a corrected pattern & once it starts moving above 1.3220 - it will become A-B-C pattern.

Result- Going above 1.3185 -bears- a warning sign & going above 1.3220 -surely bears will be killed.

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出