Short

Hellena | GOLD (4H): Short to 100% Fibo lvl 2266.738.

Updated

Dear colleagues, I've been thinking and drawing waves for a long time and here are my thoughts.
I believe that Price will still reach the target level of 100% Fibonacci level extension 2266.738 .
Price is now in a wave "4" of higher order and in a small but complex correction. Corrections are always complex and not predictable, but wave "4" should be completed.

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It may well be time to look at short positions. The thing is that wave "c" implies 5 waves, as I think. So wave "1" is already formed and wave "2" is about to end.

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Colleagues, it is quite possible that the price will not rise above the local high of 2337.956. In any case, I consider only short positions

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Colleagues, I expect the price will not update the nearest high of 2337 and will continue to decline towards the target. In general, the beginning of the movement is quite confident, so when reaching 2300 again I recommend that the trade should set trades to breakeven.

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Dear Colleagues, Price still updated the local high of 2335.7. Therefore, this week I expect the price to decline to the target. The first thing to do is to overcome 2294. An important support level that needs to be broken.

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Dear colleagues, the price of which day are in the accumulation of force. This means that we are expecting a strong movement and I expect it to be downward. We need to break the channel and go beyond 2318.

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The price has broken through the resistance area and I expect the price to start a downward movement, although there is a possibility that wave "4" has already been formed and now the price is moving in an upward impulse.

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