I published an analysis on EURCAD yesterday, projecting an upward move from the Triangle pattern.
After I carefully reviewed yesterday price action, I could see that it was a corrective pattern, not impulse. So I re-count the wave from bottom in related with AUDCAD and know that it's forming a double three/triple zigzag corrective pattern.
Yesterday invalidation level still valid, as wave e of the triangle should not breach wave "c" low according to Elliot Wave principle. Price action can only be delayed, but the bullish rally is so imminent!.
What's your thought on EURCAD? Let's interact in the comment section.
Best,
Veejahbee.
After I carefully reviewed yesterday price action, I could see that it was a corrective pattern, not impulse. So I re-count the wave from bottom in related with AUDCAD and know that it's forming a double three/triple zigzag corrective pattern.
Yesterday invalidation level still valid, as wave e of the triangle should not breach wave "c" low according to Elliot Wave principle. Price action can only be delayed, but the bullish rally is so imminent!.
What's your thought on EURCAD? Let's interact in the comment section.
Best,
Veejahbee.
