EURUSD Beginning Wave 5, Waiting for Ichimoku Confirmation
I can now count five waves down in wave C of E, implying that minor wave 4 is complete and wave 5 has begun. I'm still waiting for prices to close above the Ichimoku Cloud on the 15-minute chart for confirmation because this most recent push up could still be part of wave C down, possibly forming a flat as wave 4 of 5. However, as prices continue to rise, the probability that we are still in wave C decreases.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.