XAUUSD MINOR ALTERNATE 3
Hi all,
This wave count states 1) minor 3 is complete and 2) minor 4 is unfolding as a double-three.
It is becoming clearer everyday with new price action unfolding what we are actually dealing with. This is "THE PROCESS", a series of invalidations ultimately narrowing the infinite multiplicity of what may occur.
Minute W unfolded as a very nice symmetrical triangle in which the subdivision fit very nicely. Minute X completed as a simple zig zag breaching the upper boundary of the triangle, marking a definitive termination of the triangle. Minute Y appears to be unfolding as a simple zig zag.
This wave count states 1) minor 3 is complete and 2) minor 4 is unfolding as a double-three.
It is becoming clearer everyday with new price action unfolding what we are actually dealing with. This is "THE PROCESS", a series of invalidations ultimately narrowing the infinite multiplicity of what may occur.
Minute W unfolded as a very nice symmetrical triangle in which the subdivision fit very nicely. Minute X completed as a simple zig zag breaching the upper boundary of the triangle, marking a definitive termination of the triangle. Minute Y appears to be unfolding as a simple zig zag.
Wave 4 may not enter the price range of wave 1.
Implication - It is likely that primary C will not unfold as a 5 wave motive structure, unless labelled otherwise. I have calculated an alternate for this hypothesis. However I will prioritise a wave count that sees Primary C unfold as a ending contracting diagonal. Visually it would have the right look.