7pasos

Let's see whats the better proxy for wave 4th

FX:AUDUSD   Australian Dollar/U.S. Dollar
450 0 0
No doubt this is the most clear and profound pullback for the AUDUSD             decline since the last part of the fall begun a week ago. But now is time to confirm our assessment for the actual wave count.
We can have 3 main theories that persist until now about this impulse:
My favorite count is the black, about this we have talked before, under this idea we have an third wave extension formed by 2 wave extensions in it self.
Other one could be the red count, where we merge the 2 wave extensions into only one given that still showing correction from the end of i taking the top of 2)) (micro) as ii sub minuette
The 3rd theory (the least plausible) is the one that consider the fall as only one wave iii             ) minuette.
The time usually (and other times the price) form some kind of symetry between waves 2 and 4 so lets see which one of this 3 are the better proxy for 4th wave.
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