piphunters
Panjang

GOLD: A possible leading structure for an upside impulse

FX:XAUUSD   Emas/Dolar U.S
550 6 22
The commodity is in a complex corrective structure after the initial impulse out of the previous structure, this is now starting to look more like a possible leading structure for an upside impulse which would be really exciting to ride!

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what about this 3 black crow pattern all inside the last green bar? I would think that is bearish. Also flags like this are not bullish. Bullish flags would point the other way on light volume. Please share your thoughts, thanks!
Balas
piphunters 4thewin
I would wait until the picture get more clear, either a break below would signal a sell or break up a buy, right now better stay out unless you are very aggressive.
Balas
4thewin piphunters
im not aggressive, I am just holding positions i have bought throughout this year. So my hope is you are right that it will break up. On the GDX I think the correction is wave 4. The impulse will be wave 5. What do you think
Balas
piphunters 4thewin
it should go up but before that can come down too.
Balas
Yes, I have been hoping for such a structure to form, possible leading diagonal wave 4 completion today...
Good reversal on this Gartley so far...:
snapshot
+1 Balas
thanks for your view and good trading!
Balas
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