Hellena | DJI (4H): Short to 50% Fibo lvl 39,059.

Updated

Dear Colleagues, in general I see that the price will still rush upwards, because now the wave "3" of higher order is developing.
But I believe that now there will be a correction to the area of 50% Fibonacci level (39,059) in wave "2".
But before this correction, I believe that the price will complete a 5-wave movement in lower waves.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Note

Colleagues, the price has reached the local high of 39997.7. Apparently, the level is quite strong, but it does not mean that the price will not break it again.
I recommend looking short, but with the expectation that the price still has a good chance to reach the resistance area of 40207.

Note

It is likely that 40,002 was the extreme level before reaching the target. Well, it is quite good, because the price let us enter the position quite profitable.
I expect the price to continue falling.

Note

Colleagues, price has reached the resistance area and I believe this is a major wave "1". I expect a corrective movement in wave "2".

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