Minor degree alternate 1 states that waves A and B have completed and that wave c is unfolding as a motive structure. If invalidated before more up movement, I shall publish either minor degree alternate 2 which states that wave C has already terminated, and/or minor degree alternate 3 which states that minor wave C is still unfolding except differently.
Here is the labelling of minor wave C subdivisions:
From the beginning, minute wave 3 pink equals exactly 3 times the length of wave 1.
Minute wave 4 pink unfolds as a perfect double three which resembles the look of a running flat except without the final 5 wave structure for wave c.
Price is currently located in minuette wave 2 green of minute wave 5 pink.
Hourly price has closed above (broken line) yesterday, and also successfully took out the week's high at 10160, suggesting the potential for some more action and the count is confirmed.
A predictive analysis that will see this count correct is if minute wave 5 pink unfolds as a contracting diagonal. A traditional motive structure is not really viable given the near proximity of the intermediate invalidation price. I will expect wave 2 of to be fairly deep and to unfold as a 3 before making new highs.
Confirmation = 10160 (number of candles to maintain above)
Invalidation = 9922
Target = 10315
States: 1) Minuette 4 of minute 5 ending contracting dianal. 2) minuette 5 is underway