Hellena | USD/CHF (4H): Short to 100% Fibo lvl 0.86885.Dear Colleagues, I suppose that the downward movement to the area of 100% Fibonacci extension level 0.86885 will start soon. This will be the anticipated wave 3, which may go even lower.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Wavetheory
Hellena | USD/JPY (4H): Short to support area of 149.115.Dear Colleagues, price has made a strong move and I suppose that it will end at these levels. After the five-wave movement, I expect the price to decline to the support area of 149.115.
It can happen already from current positions, but I hope that the price will update the maximum and complete wave 5.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to support area of 1.06970.Dear colleagues, the previous forecast is still active, but I will make a new one, because the price gives us a chance to go short profitably again. The previous idea will be linked to this one on the link below.
I expect the price to start moving towards the support area of 1.06970 in the coming week. An update of the high in the resistance area of 1.08052 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to resistance area of 79.37.Dear colleagues, I assume that the price has started another five-wave structure. At the moment I suppose that the price may test the area of 50% Fibonacci level of 76.73, then I expect the price to come to the resistance area of 79.37.
But maybe wave 2 will not happen and we will see an extension of wave 1.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Natural Gas HUGE WIN Today!!Huge Move on Natural Gas just now. Here is the step by step setup.
4 hour trend was extended. MACD bullish divergence was also very strong.
1 hour CCI was above +100
15 minute TrendCloud signals were sent right to my phone and alerted me to the trade.
Small $200 risk and we are now over $1000 in the green.
If you like trading trend reversal trades then click the link in my profile and I will send you the trade plan for this exact set up.
Enjoy
Chris Juliano
Hellena | GOLD (4H): Short to 100% Fibo 1972.810.Dear colleagues, the price made a strong impulse downward and reached the level of 1989. I assume that this is not the end of the move and the price will reach the area of 100% Fibonacci extension level 1972.810. I suppose that this movement is a corrective movement in three waves. After reaching the target, I will redraw the waves.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Short to 61.8% Fibo 37810.Dear colleagues, the price has gone down. I believe that the price has not yet finished its downward movement and wave 2 will go even lower. I assume that the price will reach the 61.8% Fibonacci level of 37810.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Short to 50% Fibo level 75.49.Dear colleagues, the price resumed the impulsive upward movement. I assume that this movement is wave 1 and it will end soon. Perhaps we will see the beginning of wave 2 today from current levels, but a more conservative and favorable entry will be from the resistance area at 79.37.
In any case, I expect the price in the area of 50% Fibonacci level 75.49.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to 61.8% Fibo 1.06824.The price has updated the low of the wave 1.07242, which means that it is quite possible that the formation of wave 2 has started. I rarely trade corrections, so I recommend waiting for the formation of wave 2 to the resistance area of 1.07894, then I consider only short positions to the 61.8% Fibonacci extension level of 1.06824.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Long to resistance area 2064.Dear Colleagues, I suppose the wave is in a triangle and is currently forming the last wave 5, which I expect in the area of 2019. Then I assume the revival of the upward movement with the aim to reach at least the resistance area 2064.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | USD/JPY (4H): Short to support area of 147.648.Dear colleagues, I assume that the 5 wave impulse is ending and the downward movement will start soon. I think that wave 5 will end in the area of 149.720, then I expect a decline to the support area of 147.648.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Long to 61.8% Fibo 39259.Dear Colleagues, I suppose that the price is in an upward movement and will continue its movement in wave 3. I suppose that a small correction is possible, after which I expect that the price will come at least to the area of 61.8% Fibonacci extension level 39259.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Long to 100% Fibo 38931.Dear colleagues, I suppose that the price will continue its upward movement. Now I see the formation of wave 3 and it may reach the area of 100% Fibonacci extension level 38931. Before this movement a small correction to the 38186 area is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Elliott Waves: Natural Gas case study
Overview:
Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current focus is on the ongoing Wave ((C)) on the Daily timeframe, expected to unfold in five subdivisions: (1), (2), (3), (4), and (5). Within this framework, Wave (1) to (4) are complete, and attention now turns to the unfolding of Wave (5) on the Four-Hourly timeframe.
Current Structure:
On the Four-Hourly timeframe, Natural Gas is in the process of forming Wave (5), consisting of Wave 1, 2, and the ongoing development of Wave 3. The details of Wave 3 are further observed on the Hourly timeframe as finished wave ((i)) & ((ii)) and now possibly we are unfolding Wave ((iii)) of 3 of (5) of ((C)) of II.
Elliott Wave Principles:
Corrective Structure:
Wave II is corrective, manifesting as a complex correction with three subdivisions, labeled ((A)), ((B)), and ((C)).
Impulse Formation:
The primary upward movement from June 2020 to August 2022 represents an impulse, characterized by a sequence of five waves.
Subdivision Details:
Each wave and subdivision unfolds according to Elliott Wave principles, maintaining the structural integrity of the overall pattern.
Learning Points:
Analyzing Market Cycles:
Elliott Wave Analysis serves as a valuable tool for understanding the cyclical nature of markets, providing insights into the psychology of both buyers and sellers.
Trend Anticipation:
Corrective waves within the Elliott Wave framework offer a strategic opportunity to foresee potential trends—whether they signify a resumption or reversal of the existing trend.
Elliott Wave Analysis is a tool to decipher market cycles, offering insights into the psychological dynamics of buyers and sellers.
Corrective waves provide an opportunity to anticipate trend resumption or reversal.
The principle of non-overlapping waves helps identify the structure of the market move.
Validation and Risk Management:
The integrity of this Elliott Wave structure is contingent on Wave II not surpassing the low of Wave I, identified at $1.440. A breach of this level would invalidate the current wave count.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Hellena | Oil (4H): Long to 50% Fibo lvl 74.32. Dear Colleagues. The price has shown strong momentum. In the coming week I assume that the price will start an upward movement, as a result of which I expect the price in the area of 50% Fibonacci level 74.32.
Last week's strong movement makes us re-draw the waves, but for this the price should make a correction to our target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to 100% Fibo 1.07319.Dear Colleagues. The price showed strong momentum last week. In the coming week, I expect the price to test the 50% Fibonacci level at 1.08377, which will be a corrective wave 2, after which I expect the price to reach the 100% Fibonacci extension at 1.07319.
Perhaps the price will immediately reach the target - it will mean that wave 1 continued its impulse.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GBP/USD (4H): Short to support area of 1.25979.Dear colleagues, I assume that the price is completing the corrective wave 2 in the area of 1.27587 and will soon start a downward movement to the support area of 1.25979. This will be the development of wave 3.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Wave-by-Wave Adventure, US Dollar UnpluggedDecoding the US Dollar Index: Navigating Wave (V) with Thrills
Since the economic tumult of 2008, the US Dollar Index DXY (USDX) has been on a captivating journey, tracing significant waves on its chart. As of now, it stands on the precipice of unfolding the final leg of this larger movement, marked as the thrilling wave (V) on the weekly chart.
Weekly Chart Adventure:
Wave (I), (II), (III), and (IV): Conquered.
Wave (V): The adventure is just beginning.
Daily Chart Expedition:
Inside the thrilling wave (V), wave I, II, and III have been epic conquests.
Currently navigating the challenging wave IV, a terrain of correction.
4-Hourly Chart Odyssey:
Within the tumultuous wave IV, ((A)), ((B)), and the unfolding ((C)).
Inside ((C)), embarking on subdivisions: ((a)), ((b)), and the imminent thrill of ((c)).
Thrilling Wave Principles:
Witness a double correction, an unexpected twist in the daily chart's narrative.
The ongoing correction within wave IV on the 4-hourly chart involves a complex W-X-Y pattern, adding an unexpected thrill.
According to the pulse-pounding Elliott Wave Theory, wave (2) should not retrace more than 100% of wave (1).
Current Pulse:
((a)) of ((C)) is reaching its climax, with the suspenseful unfolding of ((b)) and the highly anticipated ((c)) yet to grip our attention.
Critical Invalidation Level: 107.335 (A point of no return, a daring move beyond 100% retracement of wave (1) inside ((C))).
Please Note:
This analysis is not just a journey; it's a heart-racing adventure crafted for EDUCATIONAL PURPOSES ONLY. Get ready for more twists and turns as we navigate the thrilling waves ahead...!!
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Hellena | Oil (4H): Short to area of 72.32.Dear colleagues, I have redrawn the waves as a consequence of the change in the trend direction. I believe that the price will still resume the upward movement, but for now I expect the completion of wave B in the area of 72.32. Before this movement, a test of the resistance area of 75.95 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Long to resistance area of 2078.Dear Colleagues, the price confidently continued its upward movement, but bounced from the resistance area of 2065. I believe that this is the top of the last impulse, which means that now the price is in correction, which will reach the area of 50% Fibonacci level 2048. But all my thoughts are on a long position into the 2078 resistance area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Long to resistance area at 1.09299.Dear colleagues, I have redrawn the waves and realised that the downward movement is wave C in a correction. This means that very soon we will see the resumption of the upward movement.
I suppose that the price will reach the resistance area at 1.09299. Until then, I expect the end of the formation of wave 5 of lower order in the area of 1.07868.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!