AUDUSD 4 HOUR BEAR (MINOR DEGREE ALTERNATE 2)
This count states that 1) minor B is complete and 2) minor C is underway.
In the related idea, I mentioned that I would consider an unconventional count and as such I will resort to the possibility that minor B may be unfolding as an ending contracting diagonal.
Elsewhere, on higher degree, the idea that primary 4 red is ongoing development remains intact. At this stage it is difficult to identifying the structure with which primary 4 red will unfold. Nevertheless, at minor degree we can see clearly that current wave development to the upside is corrective with respect to a very impulsive wave to the downside, bearing in mind that the wave that precedes it (intermediate A) is even more impulsive which is ultimately overriding. So in the longer term therefore, I concur that the bulls will dominate following a completed intermediate wave B correction.
If primary 3 terminates in January, then primary 4 is underway. Otherwise, if primary 3 terminates in September, then primary 4 terminates in May as a complex regular flat (in which intermediate A unfolds as an ascending triangle). Either way, price should soon begin unfolding to the down side as an actionary wave (in motive or corrective mode).
Update status
In the related idea, I mentioned that I would consider an unconventional count and as such I will resort to the possibility that minor B may be unfolding as an ending contracting diagonal.
Elsewhere, on higher degree, the idea that primary 4 red is ongoing development remains intact. At this stage it is difficult to identifying the structure with which primary 4 red will unfold. Nevertheless, at minor degree we can see clearly that current wave development to the upside is corrective with respect to a very impulsive wave to the downside, bearing in mind that the wave that precedes it (intermediate A) is even more impulsive which is ultimately overriding. So in the longer term therefore, I concur that the bulls will dominate following a completed intermediate wave B correction.
If primary 3 terminates in January, then primary 4 is underway. Otherwise, if primary 3 terminates in September, then primary 4 terminates in May as a complex regular flat (in which intermediate A unfolds as an ascending triangle). Either way, price should soon begin unfolding to the down side as an actionary wave (in motive or corrective mode).
Update status
Comment:
Here is a minuette assimilation count that sees the very early stages of minor C unfolding as an expanding/diverging diagonal. Here is a potential short set up for subminuette wave c orange.
Comment:
Correcting the above update ^^^
"Here is a potential short setup for micro* wave C torque"
"Here is a potential short setup for micro* wave C torque"
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