AUDCAD 2018-08-13 4 Hr

As shown on this Chart we have 3 Wolfe Wave
The Magma one ended at 5'' and some times Traders find it difficult to understand the Price action but you also have to understand the Primary Important Elliott Wave Theory that works Hand in Hand , Point 5'' ended at an Elliott Wave (Diagonal Wave )
Currently we have a Red Wolfe Wave and A Blue Wolfe Wave within the Red one , that is called a Rouge Wave meaning that Both the Wolfe Waves should most likely end at the same point .
The Elliott Wave A,B,C Theory is defined that Wave A is 3 Waves , Wave B is 3 Waves and Wave C is 5 waves which is also ending that Trend , if you understand more about Elliott Wave you will also notice that The Blue Wolfe Wave is now in wave (v) of an Ending Diagonal which i have not shown on the Chart because there just two much information .

So please Trade your own Plan and your own Rules and Trade what you see.

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Price moved Lower than i expected but i am still in the Trade and i am scaling in on the 15 Min and wanting to add On , Firstly here is a Look at the Daily Chart and then i will post a 15 Min Chart with Possibility's.

Please trade your own Plan and Rules.

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Perfect 2618 Buy Set Up.