WaveAlchemy
Long

XAUUSD PRIMARY ALTERNATE 2

FX:XAUUSD   Gold/U.S. Dollar
108 2 4
Hi all,

I publish this chart just to make it clear that most recent Minute degree counts for XAUUSD             0.33% are based on the invalidation of two Minor degree counts and the invalidation of Primary A1 - It is likely that primary C will not unfold as a 5 wave motive structure, unless labelled otherwise. I have calculated an alternate for this hypothesis, but it is certainly less favourable than primary A1. However I will prioritise a wave count that sees Primary C unfold as a ending contracting diagonal. Visually it would have the right look.

This wave count states that 1) Primary B red completed on the 30 MAY as an expanded flat and 2) Primary C red is underway as an ending diagonal.

Minor invalidation - Minor 3 blue may not be longer than Minor 1 blue.
Primary target 1 - Where Primary C equals 100% the length of Primary A.
Cycle target 2 - Where Cycle B equals 50% the length of Cycle A.

NOTE: Excuse the skip of degrees here. I had made this mistake earlier in this thread. I'll leave it as is.
look4edge
2 months ago
hi, seems to me too complicated, now c of 2 running if bullcount or some b of B traingle/zigzag if correction up running

snapshot
+1 Reply
WaveAlchemy look4edge
2 months ago
Hey thanks for commenting

nice chart. but im a little confused about what you said?

Please show me your count for the up trend.
Reply
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