Hellena | GOLD (4H): LONG to area of 3370 (Wave 2).Colleagues, gold is once again disrupting our plans, and I have to revise the wave marking. It's not easy, but the most important thing is to keep doing it.
Now I'm back to the previous marking — the price is in wave “2” correction.
To complete this wave, the price needs to overcome the level of wave “W” of the middle order 3246.82. Then the correction will be completed and wave “3” will begin an upward movement.
I see the minimum target in the area of the 3370 level.
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Hellenatrade
Hellena | Oil (4H): SHORT to support area of 65.944.Colleagues, I previously recommended moving trades to break-even, and for good reason. It is always necessary to hedge and reduce losses—this is part of professional work.
(Breakeven=Risk Free: Move Stop loss to the entry level).
The price has nevertheless shown a stronger correction, and I now believe that the medium-term “ABC” waves have not yet formed, nor has the large “Y” wave.
This means that I expect the completion of wave “B” and then a continuation of the downward movement in wave “C.”
I consider the support area of 65.944 to be the minimum target.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.17578.Colleagues, the price has made a strong downward movement, which can only mean one thing: the correction is not complete.
This means that the latest upward movement is wave “1” of medium order.
Therefore, I now expect the correction to end in wave “2” at the 50% Fibonacci level and thean upward movement to continue to at least the resistance level of 1.17578.
It is quite possible that after updating the level of 1.15570, the price will immediately begin an upward movement — this is a more risky option for entering a position.
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Hellena | GOLD (4H): LONG to resistance area of 3440 (Wave V).As you can see, everything turned out to be more complicated than I had previously thought. We are dealing with a complex correction and a diagonal. I believe that the “ABCDE” waves, which make up the corrective wave “4”, are completing their levels, and I continue to expect the upward movement to continue.
The first area I expect is the resistance area of 3440. This will be the beginning of the large upward wave “V.”
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Hellena | SPX500 (4H): LONG to resistance area of 6596 .Dear colleagues, I haven't made a forecast for the SNP500 in a long time and was waiting for a correction, but it seems that a major correction is not yet close, and at the moment the price continues to be in an upward five-wave movement.
Therefore, I believe that we should expect to reach the 6596 area, which will mark the end of the medium-term wave “3.”
The corrections are not very deep at the moment, but the price may reach the 6317 area before continuing its upward movement.
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Hellena | Oil (4H): SHORT to support area of 63.000.Colleagues, I believe that wave “B” has formed at the level of 69.938, and now we expect the downward movement to continue with the aim of completing wave ‘C’ of the middle order and wave “2” of the higher order in the support area of 63,000.
It is quite possible that the price could reach the 60,000 level, but I think that for now it is worth focusing on the nearest targets.
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Hellena | GOLD (4H): LONG to resistance area of 3498 (Wave 3).The price continues to move in a bullish direction, and I believe that now is the time to pay attention to the medium-term wave “3.” It is actively developing, and I believe that the target should be set at the maximum area of the higher-order wave “3” — the resistance area of 3498.
This is the nearest target, which carries significant weight.
Overall, the upward five-wave movement is developing according to the old scenario.
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Hellena | GOLD (4H): LONG to resistance area of 3397 (Wave 3).Dear colleagues, my previous forecast remains valid, but I have decided to update it.
At the moment, I still think that wave “3” of the medium order continues its upward movement.
At the moment, I think that the small correction in wave “2” is ending and we will see a continuation of the trend. I see the resistance area of 3397.94 as the target. The main thing is to overcome the local level of the small wave “1” at 3366.37.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.18280.The previous idea was aimed at updating the maximum of 1.18280, but the correction turned out to be too deep.
Therefore, I am proposing a new idea. I believe that wave “3” has formed, and now we should see the completion of the correction in wave “4,” after which I expect to see an upward movement in wave “5.” My target is at least the high of wave “3” — the resistance area of 1.18280.
As for the correction, I think it could reach the 1.15459 area, but I recommend working with pending orders.
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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 | EUR/USD (4H): LONG to the resistance area 1.20000.Colleagues, I believe that the upward impulse is not over yet. Wave “3” of the higher order and wave “3” of the lower order are just completing their movement, and I think that at the moment it is worth looking at the resistance area of 1.20000.
This is a very attractive psychological level where wave “3” could complete its upward movement.
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Hellena | SPX500 (4H): SHORT to support area of 6033.Colleagues, I assume that wave “1” completes the upward movement and somewhere around here a major correction ‘2’ should begin, which will consist of waves “ABC” and may continue to the level of 5700. But for now, I think we need to focus on the nearest targets.
I see the support area of 6033 as the first target.
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Hellena | GOLD (4H): LONG to resistance area of 3450 (Wave 3).Colleagues, it seems that the correction turned out to be a little deeper than I thought. This means that wave “1” of the middle order has been formed and now correction wave “2” is ending. I still expect an upward movement.
I believe that the maximum of wave “1” — the resistance area of 3450 — will be reached within wave “3”.
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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 | 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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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 | 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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