■Outlook of XAUUSD on 4h chart.
Waves on the upper degree are probably "Bottom flat descending Triangle".
We are on wave E of the Triangle. and, Sub-waves of wave E are "Zigzag".
The Sub-wave a of Zigzag is 5 waves Impulse.
I think that the Sub-wave b of Zigzag is 3 waves Double three(W,X,Y).
Wave w was "Expanded Flat".and, Wave x was "Zigzag"
I think that wave Y will be "Regular Flat"
The sub-wave b retraced Fibo 50% of sub-wave a.
The sub-wave b will finish soon.
Probably, The last "wave c" will be 5 waves impulse.
The lengths of "sub-wave a" and "sub-wave c" will be the same.
If the assumptions are correct, I think the wave E target will be in the range of wave D's Fibonacci 78.6% to 90.0% or supported by an extension line connecting the end of sub-wave A and C.
Probably, The wave E (Orange) will grow to the levels of 1700-1720.
In this scenario, the stop loss level is 1850.
■Last time my idea, Nov 21
■Dec 17 idea;
Waves on the upper degree are probably "Bottom flat descending Triangle".
We are on wave E of the Triangle. and, Sub-waves of wave E are "Zigzag".
The Sub-wave a of Zigzag is 5 waves Impulse.
I think that the Sub-wave b of Zigzag is 3 waves Double three(W,X,Y).
Wave w was "Expanded Flat".and, Wave x was "Zigzag"
I think that wave Y will be "Regular Flat"
The sub-wave b retraced Fibo 50% of sub-wave a.
The sub-wave b will finish soon.
Probably, The last "wave c" will be 5 waves impulse.
The lengths of "sub-wave a" and "sub-wave c" will be the same.
If the assumptions are correct, I think the wave E target will be in the range of wave D's Fibonacci 78.6% to 90.0% or supported by an extension line connecting the end of sub-wave A and C.
Probably, The wave E (Orange) will grow to the levels of 1700-1720.
In this scenario, the stop loss level is 1850.
■Last time my idea, Nov 21
■Dec 17 idea;
