CADJPY 4H LONG CAD/JPY
Irregular/expanded 3-3-5 flat corrective pattern also looks as it could be impulse wave 2 in a trend reversal, with wave 3 developing upon the completion of C.
Retracement of 1-2 hit the .618 fibonacci level.
Wave C finished on the 123.6% extension of A-B, which is in accordance with the 3-3-5 expanded flat pattern.
(A) [ W-X-Y (3)] - (B) [W-X-Y (3)] - (C) [1-2-3-4-5(5)]
Inverse Head & Shoulders also developed.
Retracement of 1-2 hit the .618 fibonacci level.
Wave C finished on the 123.6% extension of A-B, which is in accordance with the 3-3-5 expanded flat pattern.
(A) [ W-X-Y (3)] - (B) [W-X-Y (3)] - (C) [1-2-3-4-5(5)]
Inverse Head & Shoulders also developed.
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