Hellena | SPX500 (4H): LONG resistance area of 6176 (Wave 1).Colleagues, the previous forecast remains essentially unchanged, and the target is still 6176, but I think the forecast can be updated because the price has been flat for quite some time.
I still expect the upward movement to continue in the large wave “1” and in the medium-order wave “5”.
A small correction to the support area of 5873 is possible.
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Hellenatrade
Hellena | EUR/USD (4H): LONG to the resistance area 1.18466.Dear colleagues, I believe that the upward movement continues. The five-wave impulse is not over yet, and I see that the price is now in the upward wave “3” of the higher order and in the upward wave “3” of the lower order.
Therefore, I expect a small correction to the 1.16165 area, after which I expect the price to reach at least the 1.18466 resistance area.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.17300.Colleagues, I believe that the upward five-wave impulse is not over yet. At the moment, I see the formation of wave “3” of the lower order and wave “3” of the middle order, which means that the upward movement will continue at least to the resistance area of 1.17300. This area is located between two levels (1.16529-1.18252) of Fibonacci extension.
A correction is possible — be careful.
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Hellena | Oil (4H): LONG to 50% lvl Fibo area of 70.00.Colleagues, after a long break, I think it is worth returning to oil forecasts. The situation is stabilizing a bit and now I think that the price is in a strong correction (ABC) at the moment I see wave “B”, which may reach the area of 50% Fibonacci 70 level.
It is possible that wave “A” will continue to develop towards the 62-63 area, but I still hope for an upward movement.
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Hellena | GOLD (4H): LONG to resistance area of 3500.Colleagues, I believe that, as with the euro, the upward five-wave impulse is not yet over. At the moment, I see the formation of wave “3” of the lower order and wave ‘3’ of the middle order, which means that the upward movement will continue at least to the resistance area of 3500 — this is the maximum of wave “3” of the higher order, which means that a correction is possible at this level.
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Hellena | GOLD (4H): LONG to resistance area of 3428.Colleagues, in the last forecast I wrote that I expect to reach the target in the area of 3439.37 and I am not giving up on it. At the moment, the price has made a strong correction and so I will make a new forecast, in which the targets will remain almost unchanged, but I see that the wave pattern has changed a bit.
Now wave “1” lower wave is located higher and at the moment I believe that the price is in wave “5”.
A correction to the support area of 3265 is possible, but in general I expect to reach the resistance area of 3428.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.15691.Colleagues, I believe that wave “5” of higher order has actively started an upward movement.
At the moment I see movement in wave “1” of medium order and it means that a correction in wave “2” to the area of 50% Fibonacci level (1.12434) is expected. But I would still advise to consider only upward movement and use pending limit orders.
I see the maximum of wave “3” - resistance area 1.15691 as the target.
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Hellena | Oil (4H): SHORT to support area of 58.00.Colleagues, the previous forecast did not meet expectations for too long, and the price has been in a prolonged sideways movement.
In this regard, I decided to slightly revise the waves and make a new forecast.
At the moment, I believe that the price will resume its downward movement in the medium-term wave “3.” The complex configuration of the correction makes it difficult to fully understand whether it is a combined correction or a five-wave movement.
In either case, I expect the price to reach the support area of 58.00.
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Hellena | BITCOIN (4H): LONG to resistance area of 115,000.I see that price has shown a violent rise in a five-wave move and I have redrawn the waves a bit to make it clear where to expect a correction. I think we are currently seeing a correction in wave “4” (104,000).
But most importantly, I expect an update of the high. Therefore, I believe that the level of 115,000 will be reached and it may be a wave “5”, after which we can expect a deeper correction.
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Hellena | SPX500 (4H): LONG resistance area of 6176.6.Colleagues, it appears that price has not yet completed the upward movement in a five-wave move.
At the moment I expect the continuation of wave “3” and reaching the target in the resistance area of 6176.6.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.14048.Dear colleagues, it appears that this week started with a downward movement. It was decided to replace the last forecast with a new one, because the price is updating the minimum of wave “4”, now the formation of wave “c” of medium order is taking place.
I believe that the upward movement to the area of 1.14048 will start again and we have 2 options:
1) market entry
2) working with pending limit orders closer to the 1.09794 area.
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Hellena | GOLD (4H): LONG to resistance area of 3439.37.Colleagues, Last time, I suggested that the five-wave movement was not yet complete. It seems that this is indeed the case.
Wave "5" of the higher degree is unfolding, and I expect the price to reach the resistance area around 3439.37, which marks the top of wave "X".
Within the smaller five-wave structure, I believe wave "3" is currently in progress.
A correction toward the 3248.38 area is possible.
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Hellena | SPX500 (4H): SHORT to 38.2% - 50% Fibo lvl 5489.Colleagues, I have reviewed the waves a bit and I believe that when the strong psychological level of 6000 is reached, a reaction and correction in wave “2” is possible.
I propose to consider this movement as a strong five-wave movement. Wave “1” will be over soon.
I consider the 38.2% - 50% Fibonacci levels of 5489 to be the main target of the correction.
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Hellena | BITCOIN (4H): LONG to resistance area of 110,000.Colleagues, I believe that the upward movement is not over yet, so I move wave “3” higher as prolonged.
I believe that the price will reach a strong resistance level of 110,000.
A small correction is possible, as usual.
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Hellena | GOLD (4H): LONG to resistance area of 3300.Dear colleagues, I still expect an upward movement, because I am sure that the five-wave movement is not over yet.
The price has updated the 3202 level, which means that wave “4” is a combined correction (WXY) and it is just completing its movement.
I expect the price to start an upward movement and reach at least the 3300 resistance area.
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Hellena | Oil (4H): SHORT to support area of 56,339.Colleagues, I was watching the price and was expecting a pattern for a reversal downtrend. I still expect a downward movement and believe that the price is in a combined correction.
This means that wave “B” has been formed and I expect wave “C” to reach at least the 56,339 area.
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Hellena | GOLD (4H): LONG to resistance area of 3495.The design of the previous idea had an error in the table of contents and I decided to make a new one.
The price has reached the support area 3240 and at the moment I expect the price to start an upward movement in the wave “3” of the middle order - it will be a continuation of the wave “5” of the higher order.
The target is the same - the maximum of wave “3” 3495.
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Hellena | BITCOIN (4H): LONG to resistance area of 101,000.Dear colleagues, in the coming week I expect price to continue rising in wave “5”. I think that wave “3” is already completed and now we are witnessing a small correction.
Reaching the resistance area of 101,000 will be the end of the big “ABC” correction.
The 91,601 area could be a good support area to complete the correction.
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Hellena | EUR/USD (4H): LONG to the resistance area 3495.Colleagues, price has successfully formed an “ABC” correction and I see that the upward movement is not over.
I think that wave “5” of the higher order consists of five waves and at the moment wave “1” of the lower order is formed.
This means that I predict a target at the high of wave 3495.
Presumably correction “2” can reach a rougher target in the area of 3240.
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Hellena | GOLD (4H): LONG to resistance area of 3400.Colleagues, I've redrawn the waves a bit, because it looks like the correction should be over.
I believe that the upward movement will resume soon.
I expect two variants of events:
1) the price will reach the support area 3162, form wave “4” and after that we will see an upward movement - this is a variant of entering a position with pending limit orders.
2) Price has already formed wave “4” and then we will see only upward movement. This is a variant of market entry.
In both cases I expect the price to come to the target in the resistance area of 3400. This is a pretty strong level from which there could be a strong correction.
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Hellena | Oil (4H): SHORT to support area of 54.00.Friends, what do we see after the recent downward movement? Most likely we see a continuation of the downward movement in a combined correction.
The hardest thing about compound corrections is to understand where the wave ends and begins.
I believe that the price is now in the middle wave “C” and will continue the downward movement to the target of 53.991.
Wave “B” is likely to reach the 60.00 area, but I do not recommend long positions. Work with pending limit orders.
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Hellena | Oil (4H): SHORT to support area of 55.204.Colleagues, I believe that the price will continue its downward movement. At the moment we are observing a combined correction. I expect the completion of wave “Y”. Even if it is already completed, the price is still waiting for a downward correction to the support area of 55.204. Therefore, I think that 55.204 is the 1st minimum target.
There are two possible ways to enter the position:
1) Market entry
2) Pending Limit orders.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.15878.Colleagues, I believe .that the five-wave movement is not over yet and another wave of upward movement is waiting for us.
I believe that wave “4” has almost completed the correction or has already completed it. In any case, I consider the main target to be the resistance area at 1.15878, which is the minimum target and the top of wave “3”.
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