Wednesday, July 13, 2016

Imminent Bearish Correction in Nzdcad

The most basic tenet of Elliott wave principle can be stated as thus: A 3-wave corrects a 5-wave move.
This looks like the exact thing in Nzdcad as a good impulse wave has just completed at a vergy good resistance.

A bearish correction is imminent especially if price breaks below 0.94414

 A break above 0.9547 will mean that the 5th wave is not yet complete.

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