This wave count alternate is a response to the nature and look of recent price action. Contrary to Primary Alternate 1, price is more bullish than it is bearish at Primary degree.
This wave count states that 1) Primary C red completed on 3 May as a contracting ending diagonal and 2) Primary D completed on 23 June as a zigzag 5-3-3 and finally 3) Primary C red is underway as a zigzag 5-5-5/3.
Price is either nearly completing Intermediate B yellow or in the very early stages of Intermediate C yellow.
This wave count states that 1) Primary C red completed on 3 May as a contracting ending diagonal and 2) Primary D completed on 23 June as a zigzag 5-3-3 and finally 3) Primary C red is underway as a zigzag 5-5-5/3.
Price is either nearly completing Intermediate B yellow or in the very early stages of Intermediate C yellow.
