🔮USD/CAD — Elliott Wave Analysis

●● Preferred count
● USDCAD: 🕐3M
Fig.1

The historical price chart is taken from the RSWA forum. The author of the work is honored and respected, I am sure that it is worth a lot of work to collect and process such an array of data. But for a number of reasons, I did not consider it necessary to publish the original version of the markup.

In Fig.1 there is a marking of my authorship, which suggests the development of the ending diagonal (c) as part of the "Grand Supercycle" zigzag ((IV)).
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● USDCAD (FXCM):🕐4D
Fig.2

The wave structure of a wave (B) of Ⓨ meets all requirements, can be considered complete. At the same time, you can find a dozen variants of local alternatives that allow the formation of correction (B) to continue in one form or another.
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● USDCAD (FXCM):🕐1D
Fig.3

One of the most likely, in my opinion, local alternatives within the daily timeframe is marked in black, namely the regular flat A-B-C , within which C forms the ending diagonal. This marking option will become the main one in case the current top (B), level 1.20036 is broken.
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● USDCAD (FXCM):🕐8h
Fig.4

Most likely, wave 1 of (C) takes the form of an leading diagonal consisting of zigzags.
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●● Alternative count
● USDCAD (FXCM):🕐4D
Fig.5

In Fig.5, there is another version of the wave counting, which can be implemented in the medium term.

The triangle Ⓧ can significantly expand its boundaries. Yes, there are questions about the counting of some wave structures, but for that it is an alternative scenario.
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