On the monthly log chart, we're at an interesting line of resistance. So is it a single zig-zag correction or its it a triangle with another leg down?
The current wave looks quite impulsive so it could go higher from here, signalling an ABC is complete. The CAD should be strong due to rising energy costs. So I feel more bullish than bearish. Let's wait and see, this one will take some patience. Sitting on the fence.
The current wave looks quite impulsive so it could go higher from here, signalling an ABC is complete. The CAD should be strong due to rising energy costs. So I feel more bullish than bearish. Let's wait and see, this one will take some patience. Sitting on the fence.