The Fourth Wave Developing :
On these frames of the U.S. Dollar’s weekly chart, the alternate counts explain the undergoing waves by tracing out the Intermediate fourth wave in two interpretations :
- Developing the Minor waves in simple structure: the leading diagonal A in progress, and following waves of B up and C down lie ahead prior to end of the wave (4) underway.
- Developing the Minor waves in sideways, that its wave B remains in progress, and the following waves of C, likely D and E lie ahead.
Note : The wave structure still is open to interpretation, until it become more clear.