AUDCAD 30min chart, pairs could move up

١١ أغسطس ٢٠١٩

On 30min chart, there is an impulse up wave labeled A or I. This wave is strongly an impulse wave because it has some features that satisfies an impulse wave: wave 3 is strongest, RSI divergence between wave 3 and 5, wave 4 has a corrective pattern (zigzag) retracing at 0.382 fib of wave 3 and not overlaps wave 1, wave 5 have length equals 0.618 fib of length 1-3. Wave B (or II) has zigzag pattern, retraces at 0.618 fib of wave A or I.
Next trading plan is trading wave C (or III)