WaveAlchemy
Short

EURUSD GRAND SUPERCYCLE ALTERNATE 1

FX:EURUSD   Euro Fx/U.S. Dollar
70 0 6
Hi all,

So here is a closer look at Grand Supercycle C of what could be an unfolding running triangle.

This wave count states that 1) Grand Supercycle b completed as a simple zig zag 5-3-5 and 2) Grand Supercycle c is underway as a double-three.

Traditionally, a running flat has a wave count 5-3-5. Wave C appears to be more corrective than impulsive. However, double zigzag can achieve the same quality of progress to that achieved by a regular motive structure, except it just takes more waves.

This count sees an alternation for Supercycle X green, either as a failed zigzag @ 0.618 (preferred subdivision) or as a symmetrical triangle. Either way, it does not effect the location of price: Supercycle Y of Grand Supercycle C.
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