This wave count states that 1) minuette wave 1 green has completed but its subdivision is unintelligible and 2) wave 2 green is currently unfolding as a prolonged regular flat.
Price is located within wave A blue of micro wave 4 purple of subminuette wave c orange. We should expect some more upside movement before starting wave 3. However if price establishes an identifiable 5-move down on this chart and degree count, I will turn to *EURUSD 6 HOUR BEAR (MINUETTE DEGREE A2)* that I will publish when appropriate.
Minuette wave 2 has a very ideal look and is so far structural sound with a count of 3-3-5.
Most recent orthodox high found resistance at 61.8% fib level. Therefore, sub-micro wave 5 purple may fall short of making a higher high.
Price is located within wave A blue of micro wave 4 purple of subminuette wave c orange. We should expect some more upside movement before starting wave 3. However if price establishes an identifiable 5-move down on this chart and degree count, I will turn to *EURUSD 6 HOUR BEAR (MINUETTE DEGREE A2)* that I will publish when appropriate.
Minuette wave 2 has a very ideal look and is so far structural sound with a count of 3-3-5.
Most recent orthodox high found resistance at 61.8% fib level. Therefore, sub-micro wave 5 purple may fall short of making a higher high.
Note
Alternatively, we could be seeing the early stages of minute wave 3 green unfold, given the precise resistance of 618. This wave count does not see that wave 3 purple is extended, instead we have a motive structure that resembles an ending diagonal provided that waves 5 is shorter than wave 3 and wave 3 is even shorter still than wave 1.
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Note
(RELATED IDEA) 
Note
The bearish count remains intact here.Minuette wave 3 green appears to be unfolding. Subwave 3 is near commencing.
Note
Micro subwave C forms a very clear motive structure. A trade setup will ideally pertain to a breach of the channel and some forms of reactionary wave.
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Disclaimer
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.