Chartist4312

Waiting for the current impulsive structure to break soon

Short
Chartist4312 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
6
After a five wave impulsive structure, we're seem to be break out in an corrective pattern, forming a wedge shaped A wave.

Leading Wedges like the structure currently forming can only appear in the 1st wave or the A wave, supporting the idea (Elliott wave theory).



Comment:

Proposed wavecount on 4H chart

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