The pair seems to be almost done with wave Y (purple) of wave 2 (blue). Completion of wave Y will be confirmed by a breakout of the purple trend line and completion of wave 2 by a breakout of the blue trend line. A bullish Gartley pattern further confirms the analysis. The pair is in a strong up trend based on the bullish direction in the brown (supercycle), red (cycle), green (intermediate), blue (minor) and soon-to-be purple (Minute) degrees of Elliott waves.
