Extensive Elliott Commentary for USDCAD60 (Daily) on 20-Jun-2007 with one incomplete pattern:
Wave (B) of the Intermediate degree inverted Flat with a rating of 106 is expected to complete in the price range 1.0061 to 1.0611, but more probably between 1.0431 and 1.0575. This wave could complete anytime between now and 02-Oct-2007, but is most likely to complete sometime between 26-Jun-2007 and 24-Jul-2007.
After wave (B) is complete, expect the market to continue up into wave (C), which should be a five wave Impulsive pattern. Expect wave (C) to retrace wave (B) by 86% - 173%. Wave (C) can also be expected to be 101% - 173% of the price length of wave (A). The expected time for wave (C) to complete is 65% - 296% of the time taken for wave (B) to complete and 120% - 413% of the time taken for wave (A) to complete.
Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 20-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 22, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern
Analysis were made using the Refined Elliott Trader software
http://www.elliottician.com/product-...an-system.html
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