■Outlook of XAUUSD on 1M chart.
We are in sub-wave(ⅳ) of wave 3.
Wave 3 shown by Blue-line will probably be a 3rd wave extension impulse.
Sub-wave of wave (ⅳ) is shown by Orange line.
I think sub-waves of Wave(ⅳ) are probably "Regular Flat pattern ((a), (b), (c))".
Sub-wave (iv) will be completed shortly.
After Wave (ⅳ) is completed, Wave (ⅴ) will start.
Wave (ⅴ) will probably be a Fifth wave extension impulse.
If the assumption of this scenario is correct,
The wave(ⅳ) will grow to Wave (ⅲ)'s Fibonacci level of 38.2%.
so, Target is 1,660 to 1620. After, Wave (ⅴ) will extension.
■Feb 13, 2022 idea
■Mar 21, 2022 idea
We are in sub-wave(ⅳ) of wave 3.
Wave 3 shown by Blue-line will probably be a 3rd wave extension impulse.
Sub-wave of wave (ⅳ) is shown by Orange line.
I think sub-waves of Wave(ⅳ) are probably "Regular Flat pattern ((a), (b), (c))".
Sub-wave (iv) will be completed shortly.
After Wave (ⅳ) is completed, Wave (ⅴ) will start.
Wave (ⅴ) will probably be a Fifth wave extension impulse.
If the assumption of this scenario is correct,
The wave(ⅳ) will grow to Wave (ⅲ)'s Fibonacci level of 38.2%.
so, Target is 1,660 to 1620. After, Wave (ⅴ) will extension.
■Feb 13, 2022 idea
■Mar 21, 2022 idea
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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.