Hellena | GOLD (4H): Long to resistance area of 2455.145.
Updated
Dear Colleagues, I believe that the upward movement is not over yet. If we look at the wave pattern, we can see that the price has gone through 5 waves in the impulse “3”. This means that there should be an upward wave “5”.
Therefore, I expect a correction to the area of 2402.732, after which I expect the price in the resistance area of 2455.145.
Thus the five-wave movement will be completed.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Therefore, I expect a correction to the area of 2402.732, after which I expect the price in the resistance area of 2455.145.
Thus the five-wave movement will be completed.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade closed: target reached
Dear colleagues, in fact the price reached the target the next day, but let's take a closer look at the situation. If the price immediately updated the maximum - it may mean that the wave “3” continued and we are expecting another update of the maximum, because obviously the correction has already taken place!
I closed my positions with a profit and now I am looking for new entry points with the aim to reach the 2455 area again.
Note
The price walks in the same range. Let's see what happens today. I still expect an upward movement!
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