In the last few days our Candaina dollar has broken the $. 80 price level, but it has done so with a “C” wave looking exactly like the “A” wave but with slightly smaller wave structures. I don’t think this is enough of an alternation, to call any zigzag completed. These patterns could start to turn far more violent if any “C” wave bullish phase still has more room to go.
The top trend line could be too conservative, as “C” waves can stretch far more than what we think. Nothing in the real world markets are those pretty even waves that they show us in the EWP. If you do find them, chances are good that you are on Planet X already!
Our CAD could continue this way and not clearly subdivide at all, but both scenarios should still push our CAD higher.