After Market Close:
This is how I see the count. Wave 1 was over lapped.
We have finished below the March trend line for the past six days.
We have had 38% retrace and ended near the top of wave 4.
MoneySpy is very close to issuing a sell.
The hourly Stochastic has just crossed at the top, and has plenty of room before we are oversold.
Tenkan-sen/Kijun-sen cross is bullish but below the Kumo and Price is below the Tenkan-sen.
The price bounced off the Kumo right where I said it would try to push through. It failed to make it through the weakest section.
Not much has changed but it looks like minute wave [ii] green should finish around 1066.
MoneySpy is still above the zero line.
The Ichimoku has the price pinned in between the Tenkan-sen/Kijun-sen and the Kumo. There's a weak spot in the Kumo at about one hour before the close. This is probably where it will make it's move toward the flat top.
Price has met resistance at the Kimo and is above the Tenkan-sen/Kijun-sen which are almost ready to cross. This is a warning to the Bears but not completely Bullish. The flat top of the Kumo will offer even more resistance at 1071.78, which may fit well with the EW count for a fifth wave to complete a possible wave A or wave 2.
MoneySpy appears to be peaking which would also fit well for a top.
Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.