XAUUSD in 1W
In the big picture we had an impulse and we are on it's correction wave.It has finished our first correction wave ( a ,color:black ).
We are now on the 2nd corrective wave ( b,color:black ).
It's consisted of an other abc wave and it has finished the first wave of it,we are now on the 2nd one (b ,color: dark blue).
It's going to be flat so it has 3.3.5 waves.
It's on the last wave of it (c,color:green) which itself is a 5 wave impulse,it has almost finished wave 4 and we are going to have a downtrend for a short time then it will go up for our (c,color:dark blue)with a 5 wave impulse and finish our 2nd correction wave (b,color:black)
We are now on the 2nd corrective wave ( b,color:black ).
It's consisted of an other abc wave and it has finished the first wave of it,we are now on the 2nd one (b ,color: dark blue).
It's going to be flat so it has 3.3.5 waves.
It's on the last wave of it (c,color:green) which itself is a 5 wave impulse,it has almost finished wave 4 and we are going to have a downtrend for a short time then it will go up for our (c,color:dark blue)with a 5 wave impulse and finish our 2nd correction wave (b,color:black)
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