Cadchf looks to be on wave 3. Broke the 1.618 extension. It is at a pitchfork and looks like it is in the process of making an ending diagonal. If it pulls down should be a corrective move. A wave 4 retrace should be to 23-28% fib but it certainly wouldn't move in a straight line. It can also go into an ending diagonal of a larger degree, so understand this. But price action on 1hr looking like a small sell is coming. If it breaks the high one more time, would be the place to watch..