ImpulsiveWaveTrading

Potential Peak in place following a completed five-wave advance with an ending diagonal in the fifth-wave position. The uptrend has indeed entered its mature stage.The short-term pattern invalidated however the mature uptrend reached its peak and the current pullback is satisfactory. We expect a corrective rebound to set the stage for a one more leg down towards 3000 - 2800 range.

XAUUSD - The higher degree wave ((3)) from the weekly timeframe has peaked. Trading out of the channel's lower boundary and then below 3012 will be additional bearish evidence a larger wave ((4)) is in play.XAUUSD - Trading below the channel's lower boundary will be additional evidence a larger correction in wave ((4)) is underway.

XAUUSD - Quick discussion on the post-triangle thrust rally; ideal target and the line in the sand.#Disclaimer - This analysis is for educational purposes only and should not be construed as trading or investing advice.

XAUUSD - In a nutshell, the net session volume should stay above the 0 line for the buyers to continue pushing prices higher.

XAUUSD - A barrier triangle wave ((iv)) likely done at 3012. The post-triangle thrust will see price above the previous high.XAUUSD - Looking for at least 3076 which is the 61.8% Fibo relationship between ((v)) and ((i)).XAUUSD - With 3076 being tested, the trade is nearing its end. Current pullbacks must avoid overlap with 3058 to keep the wave ((v)) going for another run close to 3100. Should the overlap occur then expect larger drops over the coming days.XAUUSD - A beautiful thrust that has reached the ideal target at 3116. Done for now.

XAUUSD - The corrective pullback to $3,000 indicates wave ((v)) is now underway. Minimum expectations require a breach of the previous high and an ideal advance towards/near the 3100 handle.XAUUSD - Price struggled to hold above 3020 which opens the path for either a triangle wave ((iv)) or a larger double zigzag. The latter allows for a dip below the 3k handle.XAUUSD - The wave ((iv)) triangle ended at 3012.125. Against this swing low, focus is higher in wave ((v)) which should see Gold towards at least towards 3076 and ideally at 3100 mark.

BTCUSD - Price action thus far lacks anything bullish off the lows. The sideways price action hints at a bearish running triangle which will pave the path for lower.Invalidation point: Printing above 94984.42BTCUSD - There is nothing confident about the rise in Bitcoin thus far - the overlapping price action warns of a corrective rebound, potentially within a running triangle.🟠95k is key though.

XAUUSD - Price is setting up for a lower-degree fourth-wave pullback towards the 38.2% Fib. retracement of wave ((iii)). Once that is achieved, the uptrend will resume.XAUUSD - Price is highly likely advancing in wave ((v)) of 5 of (5) of ((3)). Looking for 3090-3100 for an ideal target.See most recent XAUUSD updates.