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.


Conclusion :

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!!!

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