■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
