■Outlook of XAUUSD on 12h chart.
The first impulse of the upper degree "waveⅤ" has not appeared.
I think we are still on waveⅣ(Green-line) above the upper degree.
and, probably we are on sub-wave E of the Triangle.
If the assumptions are correct,
I think the wave E target will be in the range of wave D's Fibonacci 61.8% to 78.6% or supported by an extension line connecting the end of waves A and C.
The wave E (Orange) will grow to the levels of 1720-1750.
In this scenario, the stop loss level is 1830.
If it breaks 1,830, Wave V has very possible started.
■Last time my idea, Jan 6.
The first impulse of the upper degree "waveⅤ" has not appeared.
I think we are still on waveⅣ(Green-line) above the upper degree.
and, probably we are on sub-wave E of the Triangle.
If the assumptions are correct,
I think the wave E target will be in the range of wave D's Fibonacci 61.8% to 78.6% or supported by an extension line connecting the end of waves A and C.
The wave E (Orange) will grow to the levels of 1720-1750.
In this scenario, the stop loss level is 1830.
If it breaks 1,830, Wave V has very possible started.
■Last time my idea, Jan 6.
