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Gold - XAUUSD (Harmonic Patterns and Wave Analysis) - 1h Chart

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Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP back to point C

Between A to B we can see a minor 2618 trade been completed with some confirmations:
2618 confirmations:
- Double floor
- Measure impulse
- Retracement at 0.618
- TP at -0.27
Double Floor + 0.618 = 2618
At 50% between C to D we can see a major consolidation with minor harmonic patterns been completed within, first there was a shark pattern with a bullish impulse and began gartley formation for bullish continuation towards D completion of the Cypher Pattern.

After Cypher Pattern was completed bearish impulse began with an Ending Diagonal been formed
- 5 clear points
- 1 and 4 overlap
- Clear consolidations between each point

0 to 1:
First I measured minor pullback by placing 0.236 below consolidation, got 0.5 as higher high of that pullback and went straight towards -0.618 for perfect support.
1 to 3:
Afterwards major pullback retraced back to 0.236 making previous lower low a new higher high, got that good consolidation at top for bearish continuation towards point 3
3 to 5:
Between 3 to 4 we have and ABC pattern retracing exactly to -0.618 making previous lower low a new higher high for Ending Diagonal completion.
I measured 2 to 3 impulse with Trend-Based Fib extension and got 1.272 exactly at point 5 where it left a wick, plus got -1.618 from minor pullback as support near 1.272.

At this point I expect some type of consolidation or retest at point 5 for bullish impulse towards 0.786 - 0.886 area.
Good Trading. - 1h Chart

ノート

Cypher Pattern between 2 to 5 of the Ending Diagonal. confirmations:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP back to point C

I expect price to be bullish towards D completion of minor Cypher Pattern at 0.786, when the pattern is completed we can have some type of pullback formation for bullish continuation and Ending Diagonal's completion.
Good Trading. - 1h Chart

ノート

We can see a minor Cypher Pattern been formed at the bottom for a perfect Double Floor, at this point I expect price to be bullish after minor consolidation on that area for Ending Diagonal completion.
Good Trading. -1h Chart

ノート

After minor Cypher Pattern was completed price reacted bearish forming a major Cypher Pattern. confirmations:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)

We can see price reaching exactly area 1.272 - 1414 (point C) and going bullish, at this point I expect price to be bullish for D completion at 0.786, after major Cypher is completed we'll be able to short the pattern.

For further bullish movement Ending Diagonal has been changed for an Ending Channel, I remeasured bearish impulse obtaining new 50% at previous lower low, which makes it a strong resistance for major Cypher completion, after Cypher is completed I expect price to be bullish for Ending Channel completion at 0.786 - 0.886 area.
Good Trading. -1h Chart