Nov. 12th – USDCAD 2nd Update

I wanted to share with you a second update for the USDCAD. As the previous count is not invalidated (yet) the size of wave ((4)) in relation to wave ((2)) was out of proportion. We do not like to look at truncated ((5)), but in this case I did want to point out that possibility as alternative as well. So in the chart, I have added the count with the 5 waves down complete, and an ABC that might be complete, or still developing. It has reached the 50% level already, but still has room to go. For now, this brings no change to our situation that we will have to wait for confirmation that in this case ((C)) is in place and the trend will resume to the downside.