EURCAD Monthly Triangle in a Triangle (Long Term Analysis)

6 มิ.ย. 2021

This is my Elliot Wave identification on ONE MONTH candles. The labels used are not meant to signify any degree _ but degrees are identified by similarity of labels. So dont hold that against me.
I have identified a triangle whose last fifth ( E-Wave) terminates in a smaller triangle.
It is anticipated that the next move will complete the E-wave of the smaller triangle in a move down (Short) before undertaking a major long move that will last a considerable period in price.