I labelled my last post oil because as oil goes, so goes the loonie, if we can see the case for the loonie hitting the bin…….then this chart won’t be too hard to fathom. I used a Brent chart because the trends seem to fit cleaner, notice a possible back test coming to the bottom channel. The down trend angle is a Gann angle and most waterfalls seem to travel at that rate of descent. PO is for 1st quarter 2019………it smells like a credit crisis. Of note, if this plays out it could be time to load the truck, double bottom and what looks to be a right slanted IHnS, not a hugely bullish formation but none the less.