WaveAlchemy
Short

GBPUSD HOURLY BEAR (ALTERNATE 3)

FX:GBPUSD   Pound Sterling/U.S. Dollar
169 0 6
Hi all

Updates:
*Alternate 1 DISCARDED*
*Alternate 2 TO BE MODIFIED*
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Minute wave y pink forms a double ending diagonal within minuette zig zag structure green. This is completely valid as an ending diagonal is a variation of an impulse so this structural count is still 5-3-5.

Ending diagonal within wave c green experienced a very aggressive overshoot which is not unusual. However to ensure that this pattern was valid, I make the observation that wave 5 (1.30%) is not bigger than wave 3 (1.34%).

This count sees that minor wave 3 blue is in its early stages of subdivision.

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Confirmation = 1.43476
Invalidation = 1.47672




Comment: *Alternate 3 CONFIRMED*
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