WaveAlchemy
Short

EURUSD SUBMINUETTE ALTERNATE 1

FX:EURUSD   Euro Fx/U.S. Dollar
106 0 7
Hi all,

This wave count states that 1) Subminuette wave B orange completed on 8 SEPT as a simple zigzag and 2) Subminuette wave C orange is underway as a regular motive structure.

At this stage there is evidence to suggest that it may unfold as a regular motive structure. For this to be held true, Micro wave 4 purple may not move beyond the end of Micro wave 1 purple. If waves 1 and 3 are equal in length, wave 5 tends to extend. Therefore contrary to what was written in *EURUSD MINUETTE ALTERNATE 2*, if Minuette wave 2 green moves to or beyond 1.118 confidence in this count will not be affected.

Price is currently located in Micro wave 4 purple, which without investigation appears to unfold as a regular flat correction purely by its form.

*IMPORTANCE NOTE* - Usually, after specifying the location of price in wave terminology, we investigate the possibilities as to how that wave may unfold. But in this publication, on a 15 minute chart, we want to make it emphatically clear that we will not investigate further subwave constructions. The wave principle applies to all time frames because of the fractal nature of fluctuation and progress. However, for the sake of predictive analysis we will limit the number of subcounts because admittedly the analyses can become overwhelming. Otherwise, we will never come to prepare for a trade setup.
Comment: *COUNT INVALIDATED* - Wave 4 may not move to and within the price range covered by wave 1.
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