Hellena | EUR/USD (1H): Long to 50% Fibo 1.09204.Dear colleagues, the price has safely reached the support area and formed wave 3. At the moment it is possible to update the minimum in the area of 1.08599, after which I expect the beginning of corrective wave 4 with the goal to reach 50% Fibonacci level in the area of 1.09204.
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Hellena
Hellena | GBP/USD (1H): Short to support area of 1.25973.Dear Colleagues, I suppose that price is still in a downward movement. At the moment the price is in the area of 50% Fibonacci level. I believe that the price will once again make a low in the support area of 1.25973. Perhaps the price will renew the local high and reach the 61.8% Fibonacci 1.27134 area.
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Hellena | DJI (4H): Short to support area 37041.78.Dear colleagues, I assume that the price has either completed the 5th wave or is completing it. Therefore, I suppose that the price starts its downward movement. I suppose the first target is the support area 37041.78. This is the area of the wave 4 low.
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Hellena | GOLD (1H): Long to 50% Fibo 2039.Dear colleagues, the price has started a downward movement and formed wave 1. At the moment it is possible to update the minimum in the area of 2017, after which I expect the beginning of corrective wave 2 with the goal to reach 50% Fibonacci level in the area of 2039. It is possible that there will be no update of the low and the price will immediately start moving towards the target.
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Hellena | EUR/USD (1H): Short to support at 1.08769.Dear colleagues, the price has updated a new low, which means that we are in the downward movement of the big wave 2. At the moment, the price is in the formation of small wave 3 in a five-wave impulse.
I suppose that the price will reach the area of strong support at 1.08769. A small correction to the resistance area of 1.09356 is possible.
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Hellena | GOLD (1H): Long to resistance area of 2062.47.Dear colleagues, I suppose that the price has not formed wave c in the corrective movement. Therefore, I suppose that the price will either continue its formation or will reach 50% Fibonacci level, form a full-fledged wave b and then start an upward movement. Wave c should be higher than wave a, but we will set the nearest target at the resistance area of 2062.47.
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Hellena | EUR/USD (1H): Long to resistance area 1.10252.Dear colleagues, I assume that the price will continue the upward movement, because wave 3 is forming now. It should update the maximum of wave 1. Therefore, I expect that the price will come to the resistance area 1.10252. Before that, a small correction to the swing area 1.09613 is possible.
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Hellena | GOLD (1H): Long to 100% Fibo 2047.117.Dear colleagues, I assume that the price has completed the five-wave structure and is currently in correction. It should update the maximum of wave 4 or at least reach its level. Hence, I expect the price to come to the area of 100% Fibonacci extension level at 2047.117. Before that a small correction to the area of 2025.872 is possible.
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Hellena | DJI (4H): Long to area of 38153.16.Dear Colleagues, I believe that the price will still go higher, completing wave 5. Or the price will continue wave 3. I expect a small correction, after which the target will be reached in the area of 38153.16.
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Hellena | EUR/USD (1H): Short to support area 1.08769. Dear Colleagues, the price is still flat. I assume that the price will continue to decline, because the price is in a large wave 2 of the higher order. The nearest target is the support area at 1.08769.
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Hellena | GOLD (1H): Short to support area 2024.854. Dear Colleagues, the price is still flat. I assume that the price will continue to decline, because the price is in a large wave 1 of the higher order. The nearest target is the support area at 2024.854.
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Hellena | GOLD (1H): Short to support area at 2027.800.Dear Colleagues, I suppose that the downward movement is not over. I expect the low to be updated and wave 3 to end in the support area at 2027.800. This target is the nearest one.
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Hellena | EUR/USD (1H): Long to resistance area of 1.10416.Dear Colleagues, I suppose that price has formed corrective wave 4 and is starting the impulsive movement of wave 5. I see the first resistance area on the way of wave 5 - the area of 1.10416. This is the area that can affect the price movement.
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Hellena | GOLD (1H): Short to 100% Fibo lvl 2049.040.Dear colleagues, I suppose that the price is completing the corrective movement in waves a, b, c. I expect the price to reach the target of 100% Fibonacci extension level of 2049.040.
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Hellena | Oil (4H): Short to support area of 67.34.Dear Colleagues, Towards the end of the year we see a large accumulation of option contracts at levels that are well below the current price. I believe that we should look out for short positions.
I expect that wave 2 has finished its movement near the 74.80 area and I expect an impulsive wave 3, which will come at least to the target in the support area of 67.34.
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Hellena | GOLD (1H): Short to support area of 2056 (correction).Dear colleagues, I suppose that we are in for a strong decline! But it will not be easy to catch the end of wave 5. I suppose that wave 5 may continue its ascent to the resistance area of 2099. Somewhere in the range near this level we should enter a short position because the five-wave structure is coming to an end and the price will enter a deep correction. If you prefer aggressive trading, you can enter the trade earlier. But the main target is in the support area of 2056.
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Hellena | GOLD (1H): Long to resistance area of 2081.Dear Colleagues, I expect the upward movement to continue. Apparently, wave 5 will be longer. Another small correction is possible, but the main target is in the area of 2081.
This week gold shows an increase in the number of buyers, which means that the bulls will not give up their positions so easily.
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Hellena | EUR/USD (1H): Short to 50% Fibo lvl 1.09667.Dear colleagues, the price has updated the maximum and continued the movement in wave 1, but I suppose that this movement is almost over. A small update of the high is possible.
I mainly expect the price to decline in the correction of wave 2 and reach 50% Fibonacci level 1.09667.
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Hellena | GOLD (1H): Long to resistance area of 2070.573.Dear Colleagues, I suppose that the upward movement is not over yet. I expect the completion of wave 4 in the area of 50%-61.8% Fibonacci level 2046. It is possible that the price will go even lower, so keep an eye on the updates.
Then I expect an upward movement with the aim to reach at least the resistance area of 2070.573.
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Hellena | EUR/USD (1H): Short to 50% Fibo lvl 1.09544.Dear Colleagues, I suppose that the price has completed wave 1 and I expect corrective movement in wave 2. It is quite possible that wave 1 will update the maximum a little more, but I will consider only short positions with the aim to reach the 50% Fibonacci level of 1.09544.
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Hellena | GOLD (1H): Long to resistance area of 2060.Dear Colleagues, I assume that the upward movement is not over. Gold is quite a reliable asset that continues to be bet on.
Therefore, I think that the price is completing a wave 1 and after the correction of wave 2 in the area of 2032.223 I expect the price to rise at least to the resistance area of 2060. Perhaps the price will immediately update the maximum and rush to the target.
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Hellena | EUR/USD (1H): Short to 50%-61.8% Fibo lvl at 1.09382.Dear Colleagues. After the price rise, I redrew the waves and now I think that the price is in an upward movement, but now wave 2 is forming. I expect that the price will reach the area of 50%-61.8% Fibonacci Levels 1.09382. before this movement it is possible to update the high and continue wave 1.
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Hellena | GBP/USD (1H): Short to support area of 1.26186.Dear Colleagues, in the coming week I suppose that the price will go down. Tentatively, I expect a correction in wave b, followed by a price decline to the support area of 1.26186 with the completion of wave c.
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