Paulina also asked me for my view of this cross. I normally don't look at this cross, but here we go.
I have numbered the wave 1 and 2, but it could be that we are looking at a correction and should have used letters instead, but at this point it's not all that important, as that is more of an academic discussion.
At 1.8638 wave 3 will be 2 times the length of wave 1 and at 1.8732 red wave iii will be 3.618 times the length of red wave i, therefore I will be looking for the top of red wave iii in this area, which should be followed by red wave iv down to 1.7990 and maybe even lower towards 1.7528 before the next rally higher in red wave v towards 1.9085.
Thx a lot for GBP/CAD!
ReplyDeleteIt was very kind of you.
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