Hellena | GOLD (4H): Short to support area of 1858 (Wave 5).Dear Colleagues, I assume that the price starts the development of wave 5. I believe that the price will renew the minimum and reach the support area. The nearest target is 1858.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Wavetheory
Hellena | Oil (4H): Short to 50% Fibo lvl (91.50).Dear Colleagues, I believe that wave 5 is not completed yet, but the price should make a correction to continue. Perhaps the price will reach the area of 50% Fibonacci level 91.50, after which I will consider long positions again.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Long to resistance area of 1.06340.Dear Colleagues, I think that price is completing wave 5. From here I consider only long positions with the aim to reach at least the resistance area of 1.06340.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GBP/USD (4H): Long to 38.2%-50% Fibo lvl`s (1.22774).Dear Colleagues, the price has gone further than I thought it would. This means that wave 3 has stretched quite a bit. I expect a correction to the area of 38.2%-50% Fibonacci levels at 1.22774. After that it is possible that wave 5 will update the low. Watch for an update of the idea!
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Hellena | GOLD (4H): Long to resistance area of 1890.Dear Colleagues, the price has gone lower than we expected, but this opens new opportunities for us to enter trades. I assume that wave 3 is over and we are waiting for wave 4, which should not touch wave 1 (1901). This is an alarming level. Therefore, I assume that the price will reach the resistance area of 1890.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold, Further Short on the cardGold started a recent descending channel from 1947.555 since the FOMC press conference on 20th September 2023.
Price could be expected to retest the Daily EMA 200 and 4hr EMA-20 before possibly swinging down to challenge the low since 21st August at 1885.
The DXY could also further grow to 109 and ultimately to 113 as i mentioned in my last DXY idea publication. This can potentially bring a negative fundamental to GOLD and so watch out.
Hellena | GOLD (4H): Long to resistance area of 1914. Dear colleagues, I assume that the price is completing wave 2, so I consider only long positions with the aim to reach at least the resistance area of 1914. The price can update the minimum, but not further than 1884, otherwise the structure of wave 2 is broken.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | USD/JPY (4H): Long to 100% extension Fibo 149.300.Dear colleagues, I assume that the price will continue the upward movement. Wave 3 will rise to at least 100% of the Fibonacci extension level of 149.300.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Long to sresistance area 34254.Dear colleagues, I think that the price will make a correction to the resistance area 34254. If the price does not update the minimum of wave 1, then it will be wave 4.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
ZLSMA Indicator predictions : Bullish🚀n the ever-evolving world of cryptocurrency trading, staying ahead of market trends is crucial. The Zero Lag Simple Moving Average (ZLSMA) indicator has emerged as a remarkable tool known for its ability to predict trend changes, particularly in identifying bullish trends. In this post, we'll delve into the exceptional predictive power of the ZLSMA indicator, focusing on its third signal, which often heralds the onset of a bullish trend.
Deciphering the ZLSMA Indicator:
The Zero Lag Simple Moving Average (ZLSMA) is a modified version of the traditional Simple Moving Average (SMA).
What truly sets the ZLSMA apart is its minimal lag, allowing it to respond swiftly to price changes and provide early signals.
The Third Signal: A Bullish Transformation
The ZLSMA indicator typically offers three primary signals.
The third signal, often the most powerful, indicates a shift in the market sentiment towards a bullish trend.
Strengths of the ZLSMA Indicator:
Reduced Lag: Unlike conventional SMAs, the ZLSMA minimizes lag, ensuring that you receive timely signals when a trend change is imminent.
Enhanced Accuracy: Its rapid response to price movements enhances the accuracy of trend identification.
Early Bullish Signals: The third signal of the ZLSMA indicator is particularly notable for its ability to identify the beginning of a bullish trend.
How to Leverage the ZLSMA Indicator:
Confirmation: Always combine the ZLSMA signal with other technical and fundamental analysis for confirmation.
Risk Management: Implement sound risk management strategies to protect your investments.
Continuous Learning: Stay updated with the latest market developments and continuously refine your trading approach.
In conclusion, the Zero Lag Simple Moving Average (ZLSMA) indicator's third signal is a potent predictor of bullish trend changes. While it's a valuable tool, prudent traders combine it with other analysis methods and manage risk effectively. By understanding and utilizing the power of the ZLSMA indicator, you can enhance your cryptocurrency trading strategy and capture bullish trends with confidence. 📊💹
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Hellena | EUR/USD (4H): Short to 61.8% -78.6% Fibo lvl`s.Dear Colleagues. Attention! At the moment, the most important thing is to determine when wave 5 will end. Very soon I expect a strong reversal and the beginning of an upward movement. Now I assume that the price will reverse in the range of 61.8% -78.6% Fibonacci extension levels (1.05536 - 1.06259). Carefully follow the forecast update, the reversal can happen at any moment!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
SPX 500USD, Long The SPX 500USD is breaking unto a yearly trendline support from 20th April 2020.
The market is ready to retest the weekly EMA-50 and Daily EMA 200 on that same support at 4257 which coincides with the yearly upside trendline support.
My bias is that the trend will be upside from the liquidity zone and yearly trendline support.
I am also expecting a bearish wave of the DXY in this week and coming weeks.
Hellena | GOLD (4H): Long to 50% Fibo lvl (1930).Dear colleagues, I believe that the price will make a correction to the area of 50% Fibonacci level 1930. Then I will consider short positions, because there is a high probability that the minimum of wave 2 will be updated.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GBP/USD (4H): Long to resistance area of 1.24213.Dear colleagues, from now on I consider only long positions. At the moment the price is in the range of 78.6%-100% of the Fibonacci extension level (1.2274-1.23328). It is possible to update the low, then I think only about long positions at least to the resistance area of 1.24213.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Short to support area 33679 (Wave 3). Dear Colleagues, I assume that the price will soon start corrective movement 2, after which I will consider only short positions with the aim to reach the support area 33679.41.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Short to 50% Fibo lvl (1919.586).Dear Colleagues, at the beginning of the week it was not clear which wave it was. At the moment it is obvious that the trend is upward and at the moment wave 2 is completed in the area of 1937, then I expect a correction in wave 3 at least to the area of 50% Fibonacci level 1919.586.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GBP/USD (4H): Short to 61.8% -78.6% Fibo extension.Dear Colleagues. Attention! At the moment, the most important thing is to determine when wave 5 will end. Very soon I expect a strong reversal and the beginning of an upward movement. Now I assume that the price will reverse in the range of 61.8% -78.6% Fibonacci extension levels (1.23650 - 1.23156). Carefully follow the forecast update, the reversal can happen at any moment!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Short to support area 88.00 (Wave 4).Dear Colleagues. After last week I had to completely revise the Elliott Wave markup. Most likely, the upward movement is not yet complete. I expect a corrective wave 4 to the support area of 88.00, followed by an impulsive wave 5, which will reach at least the nearest upper level of 92.00.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Short to support area 1903.Dear Colleagues, at the moment price is in impulse wave 3. This wave can be the longest, so now I recommend to work only with short positions reaching the nearest support levels. At the moment the nearest support area is 1903. A small correction to the area of 50% Fibonacci level 1919 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!