In my previous post (see Related Ideas: "AUDUSD: Revised Wave Count + Wolfe Wave + POTENTIAL Bat :), I gave one possible scenario for the way this pair was unfolding its' wave (iv). What I wanted to do here is to offer up an alternative wave (iv) wave count and pattern. In this count, I have a 3-3-5 flat correction for wave (iv) ending at the completion of the bearish bat.
I actually favor this count more than the other one BUT really, it doesn't matter which one is correct as much as they both lead to the same conclusion: wave (iv) is ending soon and wave (v) will start.
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