Hellena | Oil (4H): Short to support area of 71.21Dear Colleagues, price is in a pretty strong downward movement. I suppose that the price fall will continue and after confirming the fall I will redraw the Elliott waves. So far, I assume that the price will reach the support area of 71.21.
Before this decline, it is possible that the price will update the maximum a little more and reach the resistance area of 75.28. But all my thoughts are only about short positions.
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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.
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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.
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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.
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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.
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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.
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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.
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Hellena | GOLD (4H): Long to resistance area of 2060.Dear Colleagues, I have redrawn the waves and it was not easy. I suppose that the price has not yet completed wave B, which I expect in the resistance area of 2060. A small correction to the area of 2021 is possible.
Overall I see an upward price sentiment.
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Hellena | Oil (4H): Long to resistance area 79.37(Wave C again).Dear colleagues, the price has confidently reached the previous target of 79.37. Now the price is in correction and I suppose that the price will test this area again. It may even retest the high of 79.30. After that, most likely, I will consider a downward movement, but more on that later.
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Hellena | DJI (4H): Long to 100% Fibo 38516.Dear colleagues, the waves continue their development. After the correction a b c, wave 1 in the upward movement is completed. At the moment I suppose that the price will either update the maximum of wave 1, or make a correction to the area of 50% Fibonacci level in the area of 37500 (wave 2), then I expect the price in the area of 100% Fibonacci extension level 38516.
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Hellena | Oil (4H): Long to resistance area 79.37 (Wave C).Dear Colleagues, after a long analysis, I suggest that the upward movement is not over yet. At the moment I suppose that the price is in wave C and should update the maximum of wave A 76.00, but to do this is not easy. The price should meet resistance and I see such a level - it is the resistance area at 79.37. I suppose that the price can make a small correction before the upward movement.
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Hellena | GOLD (4H): Short to 100% Fibo 1966.Dear Colleagues, the price showed a strong momentum of downward movement. I have redrawn the waves and I suppose that the price will continue to decline. The downside target is the area of the 100% Fibonacci extension level of 1966. Either the price will continue to update the minimum of wave 1, or there will be a correction in wave 2 and then the formation of wave 3 will begin.
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Hellena | EUR/USD (4H): Long to 100% Fibo 1.09816.Dear Colleagues, price has made a deep correction and now I suppose an upward movement has started. Wave 1 and corrective wave 2 (1.08695) have been formed, which can still update the low a bit, but if wave 3 has already started its movement, then I expect the price in the area of 100% Fibonacci extension at 1.09816.
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Hellena | Oil (4H): Long to resistance area of 76.08.Dear Colleagues. I hope you listened to my advice and took a great profit from the last forecast. And now I am considering the continuation of the upward movement. I suppose that the price will reach at least the resistance area of 76.08. Before this movement it is possible to form a corrective wave 2 in the area of 50%-61.8% Fibonacci levels of 71.66.
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Hellena | EUR/USD (1H): Long to 50% Fibo 1.09204.Dear colleagues, the price has safely reached the support area and formed wave 3. At the moment it is possible to update the minimum in the area of 1.08599, after which I expect the beginning of corrective wave 4 with the goal to reach 50% Fibonacci level in the area of 1.09204.
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Hellena | GBP/USD (1H): Short to support area of 1.25973.Dear Colleagues, I suppose that price is still in a downward movement. At the moment the price is in the area of 50% Fibonacci level. I believe that the price will once again make a low in the support area of 1.25973. Perhaps the price will renew the local high and reach the 61.8% Fibonacci 1.27134 area.
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Hellena | DJI (4H): Short to support area 37041.78.Dear colleagues, I assume that the price has either completed the 5th wave or is completing it. Therefore, I suppose that the price starts its downward movement. I suppose the first target is the support area 37041.78. This is the area of the wave 4 low.
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Hellena | GOLD (1H): Long to 50% Fibo 2039.Dear colleagues, the price has started a downward movement and formed wave 1. At the moment it is possible to update the minimum in the area of 2017, after which I expect the beginning of corrective wave 2 with the goal to reach 50% Fibonacci level in the area of 2039. It is possible that there will be no update of the low and the price will immediately start moving towards the target.
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Hellena | EUR/USD (1H): Short to support at 1.08769.Dear colleagues, the price has updated a new low, which means that we are in the downward movement of the big wave 2. At the moment, the price is in the formation of small wave 3 in a five-wave impulse.
I suppose that the price will reach the area of strong support at 1.08769. A small correction to the resistance area of 1.09356 is possible.
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Hellena | GOLD (1H): Long to resistance area of 2062.47.Dear colleagues, I suppose that the price has not formed wave c in the corrective movement. Therefore, I suppose that the price will either continue its formation or will reach 50% Fibonacci level, form a full-fledged wave b and then start an upward movement. Wave c should be higher than wave a, but we will set the nearest target at the resistance area of 2062.47.
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Hellena | EUR/USD (1H): Long to resistance area 1.10252.Dear colleagues, I assume that the price will continue the upward movement, because wave 3 is forming now. It should update the maximum of wave 1. Therefore, I expect that the price will come to the resistance area 1.10252. Before that, a small correction to the swing area 1.09613 is possible.
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Hellena | GOLD (1H): Long to 100% Fibo 2047.117.Dear colleagues, I assume that the price has completed the five-wave structure and is currently in correction. It should update the maximum of wave 4 or at least reach its level. Hence, I expect the price to come to the area of 100% Fibonacci extension level at 2047.117. Before that a small correction to the area of 2025.872 is possible.
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Hellena | DJI (4H): Long to area of 38153.16.Dear Colleagues, I believe that the price will still go higher, completing wave 5. Or the price will continue wave 3. I expect a small correction, after which the target will be reached in the area of 38153.16.
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