Daily chart of USD/CAD

Daily chart of

USD/CAD

This is USD dollar against Canadian dollar (USDCAD) of daily chart

Shall we see what is going on?

I have known so many traders, Elliot wave and even Fibonacci fellows

Perhaps some of my readers so do them or will do as fellows of that theory

I have been dying for asking them

” is it working? I means truly? Nothing but truly?”

It is assuredly bizarre for me whenever I heard from them that it works well.

This is what they said E wave of Elliott’s wave principle

To me it is a most dangerous tool to entry with it

I would rather ignore E wave

But this.     

①    is stochastic first bottom

②    is second bottom, so called, the double bottom and so to speak it is happened “divergence” with candle

③    is Bollinger bands which is about to open it

④    is the previous 13day ago candle

This is question for you

Is it opening of Bollinger bands 4days later?

Since it is a big issue of candle’s up

The hint!

I am using middle line of BBS of 13 period