USDCAD - Probability of the formation of Expanding Diagonal
USDCAD - Probability of the formation of Expanding Diagonal Pattern
Wave 3 has ended in the range of 1.4689 and the movement structure up to the range of 1.4667 has been in the form of 3 waves, which indicates the corrective movement. Given that the X wave has ended in the range of 1.4667, it is possible that we will encounter the FLAT pattern in the 4th wave.
In the downtrend, which started from the range of 1.4667 and should be in the form of 5 waves, according to the FLAT pattern, the movement structure is in the form of 3 waves, which can represent the Expanded Diagonal pattern. Which can prolong up to the range of 1.2039.
Wave 3 has ended in the range of 1.4689 and the movement structure up to the range of 1.4667 has been in the form of 3 waves, which indicates the corrective movement. Given that the X wave has ended in the range of 1.4667, it is possible that we will encounter the FLAT pattern in the 4th wave.
In the downtrend, which started from the range of 1.4667 and should be in the form of 5 waves, according to the FLAT pattern, the movement structure is in the form of 3 waves, which can represent the Expanded Diagonal pattern. Which can prolong up to the range of 1.2039.
