Gold has been consolidating for 3 weeks. Do I love this market? No. Am I familiar with it? Absolutely 😎 Looking at the charts, this happens several times every year. The market deliberately gives this time so as many people as possible lose control over themselves — and then lose money on the way out of the correction. What I know for sure is that after every correction comes an impulse. That’s why I’m optimistic ❤️ In my life, there has never been a correction that didn’t end. This one will end too. While the market stands still, you have time to prepare: study the structure, know exactly where you will enter, and be ready before the move begins. Most people join when the market is already active and they’ve missed the trade. They come in the middle of the move, chasing what they already missed. Join before the trade, not during it. The impulse will come 💯 The only question is whether you will be ready or just watching. Don't miss the next wave ❤️ 📲 Link in bio @ewcnt

First, a clean five-wave impulse down. Then the bounce. It looks like a simple A-B-C, but it didn't stop there. It's a double zigzag: W, X, Y. Textbook Wave 2. Right at the 61.8% Fib retracement. Which means Wave 3 is next, and it’s usually the strongest wave of all.

Friends, I’m starting a new series of short educational videos. Free, and built around the setups I trade myself. Watch the first one and tell me in the comments: what should I explain next? Which pair, which pattern, which mistake you keep making?

As always, we start with the impulse. Wave 3 unfolds in five sub-waves. Then waves 4 and 5. Together they complete the 1st big impulse. The sharp drop looks like wave A. 🔺 Wave B forms a triangle. Then an equally sharp wave C down. ✌️ That’s wave 2. Wave 2 holds above the start of the impulse, so no wave rules are broken. In recent days, price bounced off a Fibonacci level and turned higher. Don't miss the next wave ❤️ taplink.cc/elliottwavecount

The dollar finished a full 5 wave rally, and now a correction is underway. Wave A dropped sharply, and wave B is drifting higher inside a rising channel. My trigger is a break of the lower channel boundary. If that happens, I expect wave C to unfold down and complete the ABC. Until the channel breaks, I let price come to me.

Gold is shaping the bottom of its 2nd wave correction, right around the 78.6% level. The market has two ways to finish it. Wave C may already be complete, or price takes one more dip to sweep the lows before turning. Different route, same destination. For me the bigger picture matters more than the exact candle. Over the past decade, buying gold on pullbacks has been the winning side, and selling it has not 🙌😎 I trade swing, so a few extra days of patience cost me nothing. When the turn confirms, I will be ready to buy.

Gold finished a strong wave up, then pulled back into a corrective wave 2. That correction is unfolding as an ABC, with wave B forming a triangle inside it.

Following an upward impulse, the market is forming a bullish triangle.

The gold market stays in its long term uptrend. The correction took some time. And I always teach you the same thing: a correction is not the most pleasant phase to sit through, but it is exactly what leads to the next impulse. Two days ago, I realized the market was forming a reversal pattern, so I posted about it on my TG channel so you could get ready. After that, price played it out note for note. In the premium service you also get the key levels every trader needs: the entry, the stop loss, and the future target.

📈🚀🏌️‍♂️ There is a basic pattern underlying the upward moves. ❤️ Save it Wave 2 = 50 - 61.8% of Wave 1 Wave 3 = 161.8% or 261.8% of Wave 1 Wave 4 = 38.2% of Wave 3 Wave 5 = Wave 1 These are not rules, but the most likely goals that allow us to set profit or define price zones for the next reversal.