Wolfe Wave - Rectangles - Experiment 2

In this experiment, we'll look at USDCAD Pair.

USDCAD - Wolfe Wave Experiment

From the chart below, it is obvious that price failed to touch the peak of 1.08193. However, we cannot assume that price has started a downward trend. As long as price is still in the rectangle, we have to assume the underlying theme, which is a probable price move towards 1.08193. Our ETA for price to come out of this rectangle is 23rd August.

Our target price is projected at 0.9683 which is expected to reach around 30th of September.

For now, we'll have to wait and watch.

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