EUR/USD - The alternate count is now the preferred

Yesterday i wrote, that wave ii of C was done. The priceaction since proved me wrong on that point, but it cleared the picture at the same time. I had and alternated count ending wave 1 at 135.72, this count is no longer the alternate count, but the preferred count. There is simply no chance that wave 1 could have ended at 136.70 and have the rest of the micro count to add up.

Therefore wave 1 ended at 135.72, wave A of 2 went from 135.72 to 137.77. Wave B of 2 went from 137.77 to 135.59. As the bottom of wave B is lower than than the beginning of wave A, the only possible count is, that wave 2 is a flat correction of some kind. It can still turn into an Expanded Flat correction, but if wave B is done at 135.59, then wave C (have to be a five wave impuls) will end above the top of wave A. Ideally wave C will end in the 138.20 - 138.40 area.

As I wrote a couple of days ago. Corrections is hard to trade, as the options is more.