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Tuesday, October 6, 2015
Canadian Dollars Are About To Explode Higher
Canadian Dollars have been one of my favorite shorts
around the world for a long long time. We are talking about one of the
most beautiful bases I’ve ever seen in my career. The old sayings are, “The bigger the base, the higher in space” and, “The bigger the top, the bigger the drop”.
I learned these from technical legend Louise Yamada who told me she
picked these up from Alan Shaw, retired technician and legend in his own
right. In the case of Canadian Dollars, the big top took place between
2009-2013, while the huge base could be seen in USD/CAD but both had the
same implications (see base here). All targets have been achieved and now I believe it’s time for a change in direction. (more)