Friday, December 6, 2019

#CADCHF Weekly #ElliotWave Count. Headed higher next year?

CADCHF Weekly Elliot Wave Count.  Headed higher next year?

After completing what looks like a 5 wave leading diagonal in January of 2016 the pair has held that low of .6804 for the last 4 years.  Over those 4 years it has been consolidating at the lows with a slight uptrend channel.  It does look like it may be getting close to breakout time with a run toward .8400 over the next year.  Below .7176 would invalidate the current Elliott Wave Count.

CADCHF Weekly Elliot Wave Count
CADCHF Weekly Elliot Wave Count