MW - Reversal
Let's study EurCad :
On daily chart, from end january 2021, M pattern has formed while Elliot Wave Indi managed to count 5 waves on the way up. This is the perfect set up described into [MW strategy]
On weekly chart, we can similar set up, M Pattern has already formed. Market is half way to theoretical target zone
What's going on on Monthly chart?
EurCad made a tripple top and warning for potential reversal was sent few days ago. The monthly candle of march has broken the neckline and closed below.
Market forms 3 M pattern on the top 3 highest timeframe. Multiple signs are given by market on different tf.
We are on the entry zone for the M Pattern on monthly.
Target zone is located 20 000 pips away!!!