USDCAD has one little dip to go? UC dip below 1.3--- once more?

Quick post to see if EW and Fibs play out/

I think we are in a wave 4 of 5, and still have a w5 of 5 to go.
Of course, betting on w5 of a w5 is NEVER a good idea, so just putting this out there for practice.

Wave 5's are notorious for not extending beyond the 3 (double bottom) or having completed already within the 3.
So this is JUST for fun, but lets see how it plays out.

I am confident the price will at least NOTICE my zones when it gets to any of them.

Background: The above is a follow up to my previous Idea which called for the bounce

評論:

UC might be turning at my first resistance zone.
Or at least it is noticing it and has to regroup to break it.

評論:

UC loves to double test resistance, and looks to be doing so.
Lets see what happens here, will be very telling

評論:

Here we are, the moment of truth

評論:

Since last update, UC did drop quite a bit from that double top in pic above. But then came econ news and Trump. And now we have this pesky -1.618 extension holding things up. I still think it wants to finish a wave 5 down.

評論:

Sure enough, that pesky 1.618 fib looks to have bounced it.
So I guess we had a 'truncated' wave 5.