 Welcome traders to another tick mill intraday wave analysis session with me Patrick Munley. I want to draw your attention to a sequence developing on the four hour time frame in gold. We have a potential impulsive decline developing here and what we're looking to do or what I'm looking to do is join the wave four peak and and trade down into a wave five objective. So the wave three, the interim wave three has completed here, subdivided nicely, a little bit of divergence into the low. So this sets up now an equality objective versus the swing low here, the B low at 17-72 up into the 1800 level. Watch for bearish reversal patterns here. Set short positions targeting and move down to test 17-40 as a fifth wave. Equality objective. The invalidation point for this setup would be above 18-18. As always traders, plan the trade, trade the plan, manage your risk.