Hellena | GOLD (4H): LONG to resistance area 2955 (Wave 3).Dear Colleagues, after Trump's statements and the general political situation, the price went sharply into a downward movement, but this does not mean that I give up the upward movement.
At the moment I think that wave “2” is completing the correction and soon we will see the long-awaited upward movement.
I think that the price can still update the minimum of wave “2” in the area of 2833, then (or immediately) will start an upward movement in wave “3” at least to the area of the maximum of 2955 of wave “1”.
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Hellenatrade
Hellena | EUR/USD (4H): LONG resistance area 1.04630 (Wave 5).Dear colleagues, I decided that I will make a new forecast, as the previous forecast was put to breakeven and the price updated the low of 1.04016.
At the moment I have redrawn the waves a bit and I still believe that the upward movement will continue, as the five-wave impulse is not over.
I believe that the price may slightly update the minimum of wave “4”, then I expect the price to reach at least the area of 1.04630.
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Hellena | Oil (4H): SHORT to the area of 67,037 (Wave C).The price is still in a downtrend and I believe that before the price starts an upward movement it needs to complete a big “ABC” correction and a small five-wave formation.
I think the price will reach the level of 67,037. This level is quite important, because in its area we need to look carefully for reversal patterns.
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Hellena | SPX500 (4H): LONG to resistance area of 6140.Dear Colleagues, price has gone lower than I thought it would and now we need to redraw the waves. Apparently, the price has updated the minimum of wave “2”. Therefore, I believe that the price will soon continue the upward movement in wave “3” anyway.
The “ABC” correction seems to be completed and the 5915 area served as support for the second time.
I expect the price to touch this area once again and then continue to the resistance area of 6140.
Or it will immediately start moving towards this area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): LONG - resistance area 3000.Dear colleagues, I believe that the price will still continue the upward movement and there are a couple of reasons for that.
First, the price has not completed the five-wave movement.
Secondly, 3000 is a psychological level, which is not far away and I believe that it will be reached.
Therefore, I assume a small correction, but then I expect an upward movement to the resistance area of 3000.
Hellena | Oil (4H): SHORT to the area of 68.926 (Wave C).Colleagues, price has worked the downward movement perfectly, but I believe the downward movement is not over yet.
Wave “C” is a five-wave wave and now the price is in the correction of wave “4”.
I expect the price to reach the downtrend line in the area of 72.00 level, then I expect the price to decline to the area of 68.926.
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Hellena | SPX500 (4H): LONG to 100% Fibo lvl 6214.4.Colleagues, I believe that the upward movement is not over yet and the lower and middle order wave “3” is not yet complete. This is a good chance to go long, but it should be remembered that even though a correction to the uptrend line is possible, I do not recommend selling.
The target area is the 6214.4 level area - this is slightly higher than the 100% Fibonacci extension level.
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Hellena | GOLD (4H): LONG to area of 2972.207.Colleagues, if you look at this upward movement, what can you say? Of course the lower order wave “3” continued and updated its top. This means that we can expect 2 variants of events:
1) Price will continue the development of wave “3”.
2) Wave “4” will make a correction and then wave “5” will start.
The target is the area of 2972.207.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): LONG resistance area 1.05712 (Wave C).Colleagues, I expect that price has not yet completed the upward movement. Judging by the nature of the last waves - this is a big correction “ABC” and at the moment wave “C” should update the maximum. Therefore, I expect to reach the area of 1.05712.
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Hellena | EUR/USD (4H): LONG resistance area 1.05281 (Wave 3).Colleagues, price has traveled a long distance and this could mean that price is moving in impulse. This means that the price is in wave “1” and now a correction is expected in wave ‘2’ (50% Fibonacci level 1.03264) and then I expect the upward movement to continue in wave “3” which will reach the resistance area 1.05281.
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Hellena | SPX500 (4H): LONG to the area of 6136.8 (Wave 3).Colleagues, I believe that wave “2” has completed its development and now I expect the upward movement to continue in wave ‘3’, which should break the maximum of wave “1”.
So far, I set the target as a minimum in the area of 6136.8.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): SHORT to the 70.00 support area.Colleagues, the situation is quite complicated, so I assume that the price is in a combined correction. At the moment I expect the completion of wave “B” in the 77.00 area, then the completion of wave “C” in the 70.00 support area.
Complex compound corrections are always quite unpredictable, so I recommend not to forget about SL and lot calculation.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): LONG to 61.8% Fibo lvl (2909).Colleagues, the price continues its upward movement and I believe that the wave “3” of the senior and middle orders has not completed its development.
At the moment it is quite difficult to predict the end of wave “3”, but I will try to assume that now there will be a correction to the area of 2809 level, then the upward movement will continue to the area of 61.8% Fibonacci expansion level (2909).
Or wave 3 will continue its development without correction and then we will expect a correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): LONG to 100% Fibo lvl (2857.750).Colleagues, the situation in the markets is quite complicated. But gold is aiming for new highs, given that in all difficult times gold has been a reliable instrument for storing assets.
At the moment, I expect the completion of lower wave “3” in the area of 2857.750 (100% Fibonacci extension level).
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): LONG to the resistance level of 1.03609.Colleagues, the situation on the markets is quite complicated. Now we are witnessing a period of complex combined corrections and lengthening waves. But it is also possible to analyze it.
At the moment I expect the big gap to close and reach the resistance level of 1.03609. We all know that gaps usually close.
This will be a correction in wave “2”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): LONG to 161.8% Fibo lvl (2797.968).This month it is extremely difficult to predict the movement of gold, because there are too strong processes in the world, which no one expects.
But I will always try and will not give up drawing waves, because it brings profit and valuable experience.
In this case, I see a continuation of the upward movement to the area of 161.8% Fibonacci extension level. This is the area of 2797.968.
Of course, I would like the price to first descend on the correction in wave “2” and reach the support area 2724, after which limit pending orders will be activated.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): SHORT to the low of wave “a” 5920.Colleagues, the price reached the 5920 level too quickly, so I tend to believe that wave “2” is not completed. It should consist of 3 waves “abc” so I expect the low of wave “a” 5920 to be updated.
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Hellena | SPX500 (4H): SHORT to the area of 50% Fibo lvl (5972).Colleagues, I believe that price is completing wave “1” and I believe that a correction in wave “2” is inevitable.
I expect the price to reach the area of 38.2% - 50% Fibonacci levels (5972.9). I believe that a small update of the maximum of wave “1” is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): LONG to the resistance area of 1.05862.Dear Colleagues, after the last upward movement it became clear that the wave “5” of the senior order is already completed and it means that we should expect the continuation of the correction “abc”.
At the moment I expect a corrective movement in wave “b” to the 50% Fibonacci area (1.03180), then an upward movement to the resistance area of 1.05862.
It is possible that the price will continue the upward movement, renewing the wave “a”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): LONG to resistance area 6104 (Wave 3).Colleagues, I see that the price has completed wave “4” and is now forming wave “5” of the higher order.
I believe that the price may go into correction in the lower wave “2” to the area of 50% Fibonacci level 5896.9, after which I expect the upward movement to continue to the resistance area 6104.
The upward movement is the priority, so I warn that the price may just continue to move upward, updating the wave “1”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): SHORT to 50% Fibo lvl 2655.Colleagues, I believe that wave “3” of the higher order is developing quite actively, but I expect a correction in wave “2” of the middle order.
I believe that the price will reach the area of 50% Fibonacci level 2655 or earlier. We should be careful, because the price may stop at the 38.2% Fibonacci level. Around this area I should set trades to breakeven.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to the 1.00784 support area.Colleagues, I think the downward movement is over. Wave “3” is just developing and it may be shorter or longer than we think, but we can be sure of one thing - the end of the five-wave movement will be lower than the minimum of 1.01753.
I believe that a correction to the 1.03442 area is possible, then I expect a continuation of the decline to the 1.00784 support area.
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Hellena | Oil (4H): LONG to area of 82.000 (Wave "5"). Colleagues, all trading instruments are behaving extremely unpredictably right now due to the situation with Trump's inauguration among other things.
I see this as an opportunity to redraw the waves.
Apparently now the price is developing wave “4” and will finish it soon. I expect the price to reach the area of 82.000, renewing the high of wave “3”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!