Short

Hellena | DJI (4H): Short to support area 38604.

Updated

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.

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

Note

Dear colleagues, the target is almost reached. I strongly recommend to take trades to breakeven or close part of positions. I expect the scenario to be finalized this week.

Note

Dear Colleagues, the price is still within the acceptable range. The gap is not closed yet, which means that I expect the target to be reached next week! I may allow the high to be updated and reach the 39376.91 area, but my main thoughts are only on short positions.

Note

I still expect a downward movement to the target. Do not forget to set trades to breakeven.

Trade closed: target reached

Well done!

Hellena_Trade

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