GBPUSD HOURLY BEAR (ALTERNATE 3)
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
Updates:
*Alternate 1 DISCARDED*
*Alternate 2 TO BE MODIFIED*
________________________
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.
________________________________________________________
Confirmation = 1.43476
Invalidation = 1.47672
Comment:
*Alternate 3 CONFIRMED*
