Not an expert on PNF but found the pattern very interesting. Would love input from anybody with PNF experience. The 2008 breakout occurred on the 13th box after initial ATH. From my calculation the 13th box seems to start or finish on March 25 2020? but this seems fast to me.
Bear markets usually correct between 38 and 50 percent. Also first retest of 50 MA after DEATH CROSS coincides with final C wave and top of wedge. Probability of breaking through this on first time is low. Favor the down side and bottom of wedge
CAD is seasonally bullish during the first half of the second quarter, while USD is seasonally bearish for the first half of the second quarter. Coincides with the bearish stock market and interest rates bringing USD value down. Also, recent rise in oil prices is bullish for the CAD. Technically USDCAD formed a double top on the weekly time frame and needs to...
