Isn't the Analog Four the most incredible and deep instrument from Elektron so far?

[B_LD]

That’s not the way it works unfortunately… quoting from another, fairly old but incredibly useful thread…

@_mr

Regardless of what waveform is selected, it’s always the oscillator’s Pulse wave that AM-modulates the other oscillator. In other words, this modulation simply means that the Pulse signal switches the other oscillator’s signal on and off.

Have a look for more here: Amplitude modulation - #14 by _mr