2 Feb 2021 ● 07:38 AM
Taking a deep dive into the long-term chart of Canada. The 2020 top ended up being only wave B of an expanding triangle in wave 4. The subsequent rally then should be the 5th wave long term which is in its early stages as we can only mark 1-2-1-2 on the chart and many more waves left before we can say that a 5 wave rally is complete on the monthly chart. The top end of the rising channel goes all the way to 25,000 and we might get there eventually in the coming years in wave 5.