In the currency pair AUD CAD, we see a 5 motivational wave with a length of 3 waves, which includes 5 micro waves.
After the completion of the 5th wave, we see a 5th wave, which is probably wave A of the corrective ABC waves
And because the only corrective wave whose wave A is 5 waves is 5-3-5 and it is a complete ABC and usually wave C is longer than wave A, so we have a correction of about 61.8 of wave A as 3 waves. which will be wave B, and we will have wave C equal to 1.618 of wave A from the end of wave B, which will be wave C
Good luck
After the completion of the 5th wave, we see a 5th wave, which is probably wave A of the corrective ABC waves
And because the only corrective wave whose wave A is 5 waves is 5-3-5 and it is a complete ABC and usually wave C is longer than wave A, so we have a correction of about 61.8 of wave A as 3 waves. which will be wave B, and we will have wave C equal to 1.618 of wave A from the end of wave B, which will be wave C
Good luck
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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.