Hellena | DJI (4H): Long to wave 1 top area 39275.89.Dear colleagues, the price has made wave 2 and now I expect the beginning of the movement in wave 3. I assume that the price will rise to the target of the wave 1 top area 39275.89. This is the first minimum target for wave 3.
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Hellena
Hellena | EUR/USD (4H): long to 1.10241 (Wave 3).Dear Colleagues, I suppose that price has not completed the upward movement. Having analyzed by wave analysis I suppose that the price is in the senior wave 3 and junior wave 1. I suppose that 2 options are possible:
Either the price will renew wave 1
Or the price will correct in wave 2 to the range of 38.2-50% Fibonacci levels (1.08999), then it will start the upward movement in wave 3 (1.10241).
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Hellena | EUR/USD (4H): long to 100% Fibo lvl 1.09866.Dear colleagues, I suppose that if the price has started such a movement, we should take advantage of it! I suppose that all this movement is wave 3. This means that the target is at 100% of the Fibonacci extension level of 1.09866. The price may make a small correction to the area of 1.08576.
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Hellena | GOLD (4H): Short to support area of 2100.Dear Colleagues, the price is showing a strong upward movement and I saw a five-wave structure. Now wave 3 is coming to an end and I expect a correction in the form of wave 4. I expect the price to reach at least the support area of 2100.
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Hellena | USD/JPY (4H): Long to 100% Fibo lvl 151.320.Dear Colleagues, I suppose that the price will still renew the high and continue the upward movement to the target of 100% Fibonacci extension level 151.320. This will be wave 3. And before that a correction of wave 2 to the area of 149.750 is possible.
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Hellena | DJI (4H): Short to support area 38604.Dear colleagues, the price rushed upwards and did not update the low 38045. This means that wave 2 has long been formed and now the formation of the upward wave 3 is underway. But we are observing a price gap, and as we know, the gap is usually closed. Besides, it does not violate the wave structure in any way.
So I suppose that the price will close the gap and reach the support area 38604.
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Hellena | Oil (4H): Long to 100% Fibo lvl 81.85. Dear colleagues, earlier I wanted to write a forecast with a deep correction, but after reviewing the data I suppose that the price will go higher. I assume that it will be wave 2, but for now I expect a small correction to the support area of 78.88. Then I expect an upward movement to the area of 100% Fibonacci extension at 81.85.
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Hellena | EUR/USD (4H): Short to 61.8% Fibo lvl 1.07715.Dear Colleagues, it is obvious that the price has made a strong upward momentum. I suppose that this movement is wave 1. At the moment I expect that the price will make a corrective movement of wave 2 to the area of 61.8% Fibonacci level 1.07715.
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Hellena | GOLD (4H): Short to 50% Fibo lvl 2060.Dear Colleagues, price made a strong upward movement last week, and now I suppose that price could make a new high, but the main direction of the forecast is a corrective movement to the area of 50% Fibonacci level 2060.
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Hellena | Oil (4H): Long to resistance area of 80.00.Dear Colleagues, The price is trading in a small range and I suppose that the price will update the local high of 79.50 and reach the resistance area of 80.00.
But before this movement a correction to the area of 50-61.8% Fibonacci level 77.45 is possible.
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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.
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Hellena | GOLD (4H): Short to support area of 1984.Dear colleagues, I am still of the opinion that only short positions should be considered. The price has gone far up and it means that there is an opportunity to get into positions more favorably. I expect that the price may reach the resistance area of 2043.580, after which the long-awaited movement to the support area of 1984.
Perhaps the price will not update the maximum and will go straight to the target.
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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.
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Hellena | Oil (4H): Long to resistance area of 78.91.Dear colleagues, in the last forecast I recommended to set trades to breakeven or close part of positions. After that, the price started a downward movement and is currently at 76.54. I suppose that the price will still resume the upward movement to the nearest maximum of 78.91.
Before this movement it is possible to update the minimum and test the support area at 75.41.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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