WaveAlchemy
Short

AUDUSD 4 HOURLY BEAR (ALTERNATE 1)

FX:AUDUSD   Australian Dollar / U.S. Dollar
130 0 3
This count assumes recent up trend has terminated ((Wave (A) black))

Subdivisions remain mostly the same. The subdivisions of minor 1 is simply relabelled with one lesser degree.

Wave (A) does not subdivide into a motive structure at minor degree blue. Instead we could see the up trend subdivides into a double three, labelled WXY blue. Wave Y however is not a three, as should be conventionally. The subdivisions within minor degree blue remain exactly same, that is price action is labelled as a motive structure at minute degree pink.

Wave W subdivides into 5-3-5 zig zag within which waves a and c are expressed as leading and ending diagonals respectively. This zig zag pattern looks untypical in that the second actionary wave didn't cover much new ground. However strictly speaking, the interpretation is valid because it still made a new structural high.

Wave Y subdivides into an impulse structure within which wave 1 is shared with wave c pink of wave W blue.

Swing low from the orthodox high labelled intermediate wave A black, subdivides as an expanding leading diagonals. Its structural subdivision is perfect. The end of this impulse structure is labelled minor wave 1. A correction is expected to unfold in the near future. Ideally, I will anticipate minor wave 3 blue to the downside, thus I will analysis near coming corrective developments.

Minor blue ratio analysis:
Wave Y = 1.618 x wave W

Minute pink ratio analysis:
Refer to linked ideas or see chart labels.

Thanks,
Ivan
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