WaveAlchemy
Long

4 HOURLY BEAR (MAIN)

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

This count sees a reversal in the near future in the direction of the dominant trend. The construction of higher highs will confirm the continued development of the motive structure labelled at subminuette degree orange which upon its completion will consequently mark the termination of the last actionary corrective wave at minute degree - minute wave y pink. Minor corrective wave 2 blue usually retraces at least .382 of the preceding impulse wave, which falls in accordance with the guideline that corrective structures usually terminates within the range of wave 4 of one lesser degree.
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Confirmation - 1.4460
Invalidation - 1.4300
Target 1 - 1.4581
Target 2 - 1.4459 (where corrective wave y reaches quality and length of wave w)
Comment: Motive structure ratio analysis:

Minute 3 = 1.618 x minute 1
Minute 5 = minute 1
Comment: *count confirmed*
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