Look the intraday chart, there you can see the new counting, that show the overlaped area as a runing triangle. The triangle ony appear like wave b, x, or 4, preceding the last leg of the trend. Then, if the counting is correct wave 4 is bottoming. A break of 1.3092 advice that wave 5 is in progress.
Keep in mind the alternate counting.
Euro Weekly Forecast Elliott Wave Analysis (edited by Matias Menendez Larre)
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