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#12494 (permalink)

06-09-2009, 04:49 AM

justy10125 justy10125 is offline

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USD/CAD

Here is a close-up of that W-X-Y correction in USD/CAD. We can see that price has traced out a 5-3-5 zig/zag, followed by an (X)-wave in the form of a flat. Now price is in the process of tracing out the second 5-3-5 zig/zag to complete wave (Y) of the double-zig/zag correction.

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