This wave count is based on an alternation at Minor degree blue - that minor wave c blue of regular flat in intermediate x yellow, completed in 3 waves on 18 AUG, instead of the traditional 5 as proposed by *EURUSD INTERMEDIATE ALTERNATE 1*.
On the occasion that *EURUSD minute alternate 3* fails by price moving beyond the range of minute 2 of the expanded flat, this will be the go-to count for a bearish bias.
This wave count states that 1) minute 1 completed on 31 AUG as a leading diagonal, 2) minute 2 completed on 8 SEP as a zigzag 5-3-5 and 3) minute 3 is currently unfolding.