In the big picture we can see a very mature uptrend. After the last high at 2.0972 CAD, the price corrected until close to the last correction zone (green rectangle), and from there it started a new movement, which, however, was no longer able to overcome the last high. This should be a first warning sign that this mature trend is slowly coming to a standstill. However, a renewed attempt at overcoming the last high is also still quite probable.
In this trend size we have a very young uptrend, which unfortunately also did not quite reach the last correction zone. Nevertheless, here the short-term chances also remain more likely to be found on the upper side.
In this trend size, as well, we also see a still-young uptrend. Here the price went deep into its correction zone and is currently showing clear indications of continuing its trend with a new movement. The DowHowSetup is showing us a clear long signal (green arrow) so that we can let ourselves be stopped out on the way up. The stop should be placed below the green correction zone.
I hope you will remain favorably disposed towards me and always remember: the journey is the reward!
All the best
Head of Sales/Trading
AgenaTrader Trading Software
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