LINK - Weekly Support Holding the KeyChainlink (LINK) is currently trading around a major weekly support zone, which has acted as an important accumulation area in the past. 📊
📌 As long as this weekly support continues to hold, we will be looking for trend-following long setups, anticipating the next bullish leg to develop.
However, for the bulls to fully take control and kick off the next major impulse movement, a break above the last major high marked in blue is needed. Such a breakout would confirm renewed bullish momentum and increase the probability of a sustained move higher.
As always, rather than buying blindly into support or anticipating the breakout, we will wait for bullish confirmation before considering any long positions.
Will buyers defend this key weekly support and launch the next impulse, or will sellers keep the market trapped? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr 
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XAUUSD: Pullback Could Be a Stepping Stone Toward 4,190XAUUSD has staged a strong breakout from a prolonged consolidation zone and risen above the Ichimoku cloud on the H4 timeframe, confirming that buyers are in control. While the price is currently approaching the resistance zone around 4,190, a short-term correction to absorb profit-taking following such a strong rally is entirely natural.
The preferred scenario involves a pullback to test the 4,049 level—a confluence of horizontal support and an ascending trendline. If this area holds and a bullish confirmation candle appears, XAUUSD is likely to resume its upward trend toward the 4,190 target.
Fundamentally, gold remains supported by a weakening US dollar, declining US bond yields, and safe-haven demand driven by geopolitical risks. These factors continue to provide a positive foundation for gold's short-term uptrend.
Strategy: Prioritize BUY positions if the price holds the 4,049 level and a bullish confirmation signal emerges; target 4,190. The bullish scenario is invalidated if the price closes below 4,049 on the H4 timeframe. 
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Elliott Wave Analysis – First Green Light for Bullish ContinuatiRBOB Gasoline (RB2!) 4H Chart | Elliott Wave Analysis – First Green Light for Bullish Continuation?
Under the aggressive scenario, the market has delivered its first encouraging signal that the bullish trend may be ready to continue. The breakout above the corrective channel, the completion of a Classic Zigzag, and the development of an initial five-wave advance all support the possibility that a new impulsive sequence has begun. If this wave count is correct, the current rally could represent only the early stage of a much larger bullish trend.
Even so, no market advances in a straight line. After every impulsive move, corrective structures are both natural and necessary, allowing the market to regain balance before the next leg higher. These pauses may develop as either price corrections or time corrections, both of which are consistent with Elliott Wave guidelines.
The next correction does not necessarily have to be deep. The market may simply enter a sideways corrective phase to consume time rather than price. Structures such as a Flat, Triangle, or even a Complex Correction remain entirely possible. These patterns typically allow the market to consolidate before the primary trend resumes.
The conservative scenario, however, still suggests that the market may require a larger correction before the primary bullish trend can fully develop. If the current decline unfolds as nothing more than a three-wave corrective structure, such as a Simple Zigzag, the probability of a larger corrective phase would increase.
That said, the presence of a three-wave correction alone is not enough to confirm the bearish case. The key will be the market's behavior once the correction is complete. If buyers fail to produce a new impulsive advance and price instead breaks below the corrective structure, it would become the first warning that a short-term bearish phase may be developing.
Finally, it is important to remember that RBOB Gasoline is one of crude oil's primary refined products and maintains a strong correlation with the oil market. As long as crude oil continues to preserve its bullish structure and extend higher, the broader outlook for gasoline is also expected to remain constructive.
For now, both scenarios remain valid. The market's future price action, wave structure, and reaction around key technical levels will ultimately determine which path gains confirmation.
Patterns whisper. I listen.
— Mr. Nobody 
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Nikkei Poised For Another Leg Higher As Wave 5 ApproachesThe Nikkei remains in a strong five-wave bullish impulse, and the current structure still suggests that the larger uptrend may not be complete. After an impressive advance, the index recently entered a deeper corrective phase, but the pullback so far appears to be forming a wave 4 correction rather than a major trend reversal.
The recent decline brought the index back toward an important support area, where several technical factors are aligning. Price is holding near the 38.2% Fibonacci retracement level of the previous advance, while also approaching the former wave (4) swing low, which often acts as a key support zone during impulsive structures.
As long as this support area holds, the bullish scenario remains favored. A recovery above the descending channel resistance line would be the first indication that the correction is losing momentum, while a move back above the 68k area would provide stronger confirmation that wave 5 has started.
If the final impulsive wave develops as expected, the Nikkei could enter another strong advance, with the next potential upside targets located around the 75k–80k region. However, the index will need to reclaim resistance levels first, as further sideways consolidation or another short-term dip cannot be ruled out before the final wave higher begins. 
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