WaveAlchemy
Long

GBPUSD HOURLY BULL (ALTERNATE 2)

FX:GBPUSD   British Pound / U.S. Dollar
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6
Hi all,

Here is the modified count for alternate 2. Instead of a regular flat, price managed to put in highs well beyond start of wave a orange. Therefore current structure development for minute wave 4 green could be a running flat.

Invalidation = 1.44744
Comment: *count invalidated*
Comment: As price action develops its structure. I will assimilate current structure development with this count.

A deeper retracement (that may not move beyond the end of wave 1 green) may be an expanded flat. For this to be confirmed, I must observe the unfolding of a legitimate motive structure development at subminuettte degree orange.
Comment: *Alternate 2 INVALIDATED*

Wave 4 may not move beyond the end of wave 1

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