The 5th wave of the c leg in this zig zag for a w2 looks almost complete. How can I tell we have broken into the 5th wave? Anytime you see a triangle forming the probability that you are in a 4th wave is very high. We just demonstrated this on the Canadian dollar and a target of 86.50 to 87 can be drawn. Another clue that we may be finishing up is that the commercials are heavy net long as you can see by the chart above.
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