■Outlook of XAUUSD on 1M chart.
We are in sub-wave (ii) of wave 5.
Wave 5, shown by the green line, will probably become a 5th wave extension impulse.
The sub-wave of wave 5 is shown by the orange line.
I think the sub-waves of wave (ii) are probably a Double three pattern (W, X, Y).
Sub-wave (ii) will continue for some time.
After wave (ii) is completed, wave (iii) will start.
Wave (iii) will probably be a 3rd wave extension impulse.
Last time my idea.
■Feb 9, 2024. 1D, short-term analysis.
■Feb 9, 2024. 4h, short-term analysis.
■Jan 27, 2024. 3D, middle-term analysis.
■Jul 24, 2022. 1M, Long-term analysis.
We are in sub-wave (ii) of wave 5.
Wave 5, shown by the green line, will probably become a 5th wave extension impulse.
The sub-wave of wave 5 is shown by the orange line.
I think the sub-waves of wave (ii) are probably a Double three pattern (W, X, Y).
Sub-wave (ii) will continue for some time.
After wave (ii) is completed, wave (iii) will start.
Wave (iii) will probably be a 3rd wave extension impulse.
Last time my idea.
■Feb 9, 2024. 1D, short-term analysis.
■Feb 9, 2024. 4h, short-term analysis.
■Jan 27, 2024. 3D, middle-term analysis.
■Jul 24, 2022. 1M, Long-term analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.