XAUUSD, Elliott wave analysis

■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.
The Sub-wave "b" of Zigzag was 3 waves Double three(W,X,Y).

Sub-waves of Double three
Wave w, "Expanded Flat".
Wave x, "Zigzag"
Wave Y , "Regular Flat"

The sub-wave "b" retraced Fibo 61.8% of sub-wave "a".
I think we are on sub-wave "c" of Wave E.
Probably, 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 61.8% to 78.6% or supported by an extension line connecting the end of waves A and C.

Probably, The wave E (Orange) will grow to the levels of 1720-1750.
In this scenario, the stop loss level is 1830.

■Last time my idea, Dec 31

■Dec 17 idea;

■Nov 21 idea;