Hello traders. I did elliott wave counts on usdcad h4 chart. According to the theory, the 5th wave usually does not exceed the 3rd wave in the rsi indicator. Because the rsi indicator reaches its highest level in the 3rd wave. Looking at the Fibonacci levels, wave 3 came to 3.618. I predict price will abc correction after 5th wave. Wave B can retract 99% of wave A. Good luck everybody.
