Yes, fozi, it is possible that this is not a diagonal, and that the sloping support line will break down. Then my sells don't look so strange anymore. There is also an indication that it might break down: the downside momentum on M5, which is going on now, does not look like it is coming to an end.
Well, then we'll have to be patient with the new markup.
2 Tantrik: When did such a gap happen?
Yes, fozi, it is possible that this is not a diagonal, and that the sloping support line will break down. Then my sells don't look so strange anymore. There is also an indication that it might break down: the downside momentum on M5, which is going on now, does not look like it is coming to an end.
Well, then we'll have to be patient with the new markup.
2 Tantrik: When did such a gap happen?
So I'm asking you, Tantrik, where did the data come from?
If you don't want the link here, send it to me, if you don't mind.
Yes, fozi, it is possible that this is not a diagonal, and that the sloping support line will break down. Then my sells don't look so strange anymore. There is also an indication that it might break down: the downside momentum on M5, which is going on now, does not look like it is ending.
Well, then we'll have to be patient with the new markup.
2 Tantrik: When did such a gap happen?
fozi, the driver of the Canadian is oil. Does it turn out to be set upwards?
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The Canadian, unlike "super-majors" like Eurobucks or Cable, is not in a clear correction. If you look at the H4, it looks like a diagonal 3-3-3-3-3 up, in which the Canadian is close to (or has already started) the fifth wave. Here's the drawing:
The horizontal lines are my sells. They are not to be taken seriously, it's an M5 job. So far in profit, but I'll cover them quickly on Monday probably.
I invite discussion on this pairing. Of course, there is more to discuss than just the Wave Principle.
P.S. I have nothing good to say about the Aussie yet, we will analyse it.