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DislikedI just counted the weekly EURUSD and USDCAD for the intermediate-term forecast. USDCAD experienced extremely volatile moves in the last 12 months or so, and the chart looks rather odd and so is my count. But that’s what I could get (Some of you may have posted your counts on the weekly charts before, but I missed them).
See what you think
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DislikedThe overlaping would'nt be a problem if all the waves would make a 5th wave of bigger degree and from the first look it seems that your wave-(1) is extended and wave-(3) is 61.8% of wave-(1) so if that is true then i would say that wave-(5) prabably would be 38.2% of wave-(3) longthese are just some general ideas, they have to be verified by counting and etc...
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DislikedThanks for the comment Saras, That seems to be a practical observation.
I measured the lengths of wave-(1) and wave-(3) and found that the length of wave-(3) is about 80% of the length of wave-(1). So what do you think about the length of wave-(5) in this case?
Also can you recommend a link or a book on this topic? Thanks.Ignored