■Outlook of XAUUSD on 1D chart.
Before, I thought sub-waves of Wave(IV) were "Bottom flat descending Triangle pattern(A,B,C,D,E)".
But, this Triangle idea is probably wrong.
I think Wave (ⅳ) shown by the Green-line was completed and wave (ⅴ) started.
The sub-waves of wave(ⅳ) and (ⅴ) are shown by the orange line.
It looks like Sub-waveⅰand sub-waveⅱof wave(ⅴ) completed.
The motive wave of sub-waveⅰ is Impulse.
The corrective wave of sub-waveⅱ is "Running Flat".
sub-wave ⅲ is probably starting.
The waves of Sub-wave ⅲ are shown by the black line.
It looks like wave 1 and wave 2 of Sub-wave ⅲ completed.
Wave 3 is probably starting.
If the waves top 1,860 and 1,879 after next week,
Wave 3 may grow to levels of from 2,019 to 2,300.
In this scenario, the stop loss level is 1782.
■Last time my idea, Jan 16.
Before, I thought sub-waves of Wave(IV) were "Bottom flat descending Triangle pattern(A,B,C,D,E)".
But, this Triangle idea is probably wrong.
I think Wave (ⅳ) shown by the Green-line was completed and wave (ⅴ) started.
The sub-waves of wave(ⅳ) and (ⅴ) are shown by the orange line.
It looks like Sub-waveⅰand sub-waveⅱof wave(ⅴ) completed.
The motive wave of sub-waveⅰ is Impulse.
The corrective wave of sub-waveⅱ is "Running Flat".
sub-wave ⅲ is probably starting.
The waves of Sub-wave ⅲ are shown by the black line.
It looks like wave 1 and wave 2 of Sub-wave ⅲ completed.
Wave 3 is probably starting.
If the waves top 1,860 and 1,879 after next week,
Wave 3 may grow to levels of from 2,019 to 2,300.
In this scenario, the stop loss level is 1782.
■Last time my idea, Jan 16.
