Hellena | EUR/USD (4H): Short to support area of 1.06970.Dear colleagues, the previous forecast is still active, but I will make a new one, because the price gives us a chance to go short profitably again. The previous idea will be linked to this one on the link below.
I expect the price to start moving towards the support area of 1.06970 in the coming week. An update of the high in the resistance area of 1.08052 is possible.
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Hellena
Hellena | Oil (4H): Long to resistance area of 79.37.Dear colleagues, I assume that the price has started another five-wave structure. At the moment I suppose that the price may test the area of 50% Fibonacci level of 76.73, then I expect the price to come to the resistance area of 79.37.
But maybe wave 2 will not happen and we will see an extension of wave 1.
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Hellena | GOLD (4H): Short to 100% Fibo 1972.810.Dear colleagues, the price made a strong impulse downward and reached the level of 1989. I assume that this is not the end of the move and the price will reach the area of 100% Fibonacci extension level 1972.810. I suppose that this movement is a corrective movement in three waves. After reaching the target, I will redraw the waves.
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Hellena | DJI (4H): Short to 61.8% Fibo 37810.Dear colleagues, the price has gone down. I believe that the price has not yet finished its downward movement and wave 2 will go even lower. I assume that the price will reach the 61.8% Fibonacci level of 37810.
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Hellena | Oil (4H): Short to 50% Fibo level 75.49.Dear colleagues, the price resumed the impulsive upward movement. I assume that this movement is wave 1 and it will end soon. Perhaps we will see the beginning of wave 2 today from current levels, but a more conservative and favorable entry will be from the resistance area at 79.37.
In any case, I expect the price in the area of 50% Fibonacci level 75.49.
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Hellena | EUR/USD (4H): Short to 61.8% Fibo 1.06824.The price has updated the low of the wave 1.07242, which means that it is quite possible that the formation of wave 2 has started. I rarely trade corrections, so I recommend waiting for the formation of wave 2 to the resistance area of 1.07894, then I consider only short positions to the 61.8% Fibonacci extension level of 1.06824.
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Hellena | GOLD (4H): Long to resistance area 2064.Dear Colleagues, I suppose the wave is in a triangle and is currently forming the last wave 5, which I expect in the area of 2019. Then I assume the revival of the upward movement with the aim to reach at least the resistance area 2064.
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Hellena | USD/JPY (4H): Short to support area of 147.648.Dear colleagues, I assume that the 5 wave impulse is ending and the downward movement will start soon. I think that wave 5 will end in the area of 149.720, then I expect a decline to the support area of 147.648.
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Hellena | DJI (4H): Long to 61.8% Fibo 39259.Dear Colleagues, I suppose that the price is in an upward movement and will continue its movement in wave 3. I suppose that a small correction is possible, after which I expect that the price will come at least to the area of 61.8% Fibonacci extension level 39259.
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Hellena | DJI (4H): Long to 100% Fibo 38931.Dear colleagues, I suppose that the price will continue its upward movement. Now I see the formation of wave 3 and it may reach the area of 100% Fibonacci extension level 38931. Before this movement a small correction to the 38186 area is possible.
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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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