Hellena | GBP/USD (1H): Short to 32.8% Fibo lvl 1.25947.Dear Colleagues, I think that the strong upward movement is coming to an end and I expect a corrective movement to the area of 32.8% Fibonacci level 1.25947.
It is possible to update the maximum.
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Wavetheory
Hellena | GBP/USD (4H): Long to resistance area of 1.26498.Dear colleagues, having analyzed the chart I have redrawn the Elliott waves. I believe that the price formed a correction and now begins a major wave 5, which will reach at least the resistance area of 1.26498.
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Hellena | GOLD (1H): Short to 61.8% Fibo lvl 1961.Dear colleagues, I believe that wave 2 has already been formed. This means that the price is in the formation of wave 3. I suppose that the price will go at least to 61.8% Fibonacci extension level of 1961. A small local correction to the swing area is possible.
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Hellena | GOLD (1H): Long to 38.2% - 50% Fibo lvl 2001.Dear colleagues, I have redrawn the waves and I think that the price is in a long downtrend. At the moment I expect a corrective movement in wave 2, which will reach the resistance area and 38.2% - 50% Fibonacci 2001 levels.
But before this movement, the price may test the low of wave 1 (1975) or even update it slightly.
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Hellena | GOLD (1H): Short to 100% Fibo lvl 1975.753. After last week's strong move, we never waited for a correction. This may mean that the price will continue its downward movement. I believe that the price will reach the area of 100% Fibonacci extension 1975.753.
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Hellena | GOLD (1H): Long to resistance area at 2058.201.Dear colleagues, after such a strong upward movement we saw an equally strong downward bounce. At the moment I believe that there are still some untouched sell orders slightly higher. I believe that the price will reach the resistance area at 2058.201. After that I will continue drawing Elliott waves.
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Hellena | Oil (4H): Short to support area of 70.81.Dear Colleagues, I believe that wave 5 is not fully formed yet, so the price will move down a bit more. Presumably to the support area of 70.81. After that I expect a strong corrective movement.
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Hellena | EUR/USD (4H): Long to resistance area at 1.08791.Dear colleagues, the price has moved down a lot in the last 24 hours. the forecast has changed, but I believe that the correction is sure to happen. At the moment I expect the price to reach the resistance area at 1.08791.
After that I will draw Elliott waves.
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Hellena | GBP/USD (4H): Long to resistance area at 1.27328.Dear colleagues, the price has updated
and the minimum and the end of wave 4. I believe that the end of wave 4 may be in the area of 1.25988, after which I expect the price to start rising at least to the resistance area of 1.27328.
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Hellena | GOLD (1H): Short to support area of 2052.277.Dear colleagues, last week we saw a strong upward price movement. At the moment I believe that wave 5 is almost complete and I am considering a correction (a b c) to the support area of 2052.277.
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Hellena | GBP/USD (4H): Long to resistance area at 1.27328. Dear Colleagues, I believe that the price is in an upward movement. At the moment I expect the end of the formation of wave 5.
I expect to touch the swing area at 1.26561 and then reach the resistance area at 1.27328.
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Hellena | Oil (4H): Short to 61.8%-78.6% Fibo lvls 74.24. Dear colleagues, I believe that the price will still renew the local minimum and reach the target of 61.8%-78.6% Fibonacci levels 74.24.
Before that, the price may reach the swing area 77.29.
In case the price reaches the target immediately - the target is just a strong resistance.
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Hellena | GOLD (1H): Long to resistance area of 2052.185.Dear colleagues, I believe that the price has completed wave 4 and is currently continuing wave 5. The nearest target is the resistance area at 2052.185. Once this area is reached, I expect a price reaction and will revise the data.
It is possible that the price will still touch the support area before rising.
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Hellena | EUR/USD (4H): Long to resistance area at 1.09582.Dear Colleagues, I believe that the price has completed wave 4 and is now starting wave 5. The nearest target is the resistance area at 1.09582. Once this area is reached, I expect a price reaction and will revise the data.
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Hellena | EUR/USD (4H): Short to support area of 1.08664.Dear Colleagues, the price went up confidently and now I have redrawn the waves. Perhaps the price is completing a five-wave structure and soon I expect a correction to the support area of 1.08664.
From now on I consider only short positions!
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Hellena | GBP/USD (4H): Short to support area of 1.25596.Dear Colleagues, the price went up confidently and now I have redrawn the waves. Perhaps the price is completing a five-wave structure and soon I expect a correction to the support area of 1.25596.
From now on I consider only short positions!
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Hellena | Oil (4H): Long to resistance area 79.77.Dear colleagues, I decided to update the idea. The price pushed off perfectly from the support at 74.23. At the moment I expect the upward movement to continue with the same target of the resistance area at 79.77.
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Hellena | GOLD (1H): Short to resistance area of 2054.474.Dear colleagues, despite our plans the price confidently went up and now I have redrawn the waves. Perhaps the price is completing a five-wave structure and the price has not yet finished its upward movement. I expect the price to rise at least to the resistance area of 2054.474.
From this moment I consider long positions!
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Hellena | DJI (4H): Short to support area 34200.Dear colleagues, I decided to update the idea. In principle, there are practically no changes. I believe that the price may retrace the high of 35250 again, completing wave 5. Then I still expect the price to decline. The nearest target is the support area 34200.
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Hellena | USD/JPY (1H): Long to rresistance area of 149.703.Dear Colleagues, I believe that the price is completing the corrective wave 2, which may go down to the support area of 147.656. After that I expect the price to rise at least to the resistance area of 149.703. If the Invalidation level is reached, the scenario is canceled.
At the moment the most important thing is to understand where the end of wave 2 is.
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