Hellena | GOLD (4H): Short to 50% Fibo lvl 2060.Dear Colleagues, price made a strong upward movement last week, and now I suppose that price could make a new high, but the main direction of the forecast is a corrective movement to the area of 50% Fibonacci level 2060.
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Hellena
Hellena | Oil (4H): Long to resistance area of 80.00.Dear Colleagues, The price is trading in a small range and I suppose that the price will update the local high of 79.50 and reach the resistance area of 80.00.
But before this movement a correction to the area of 50-61.8% Fibonacci level 77.45 is possible.
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Hellena | USD/CHF (4H): Short to 100% Fibo lvl 0.86885.Dear Colleagues, I suppose that the downward movement to the area of 100% Fibonacci extension level 0.86885 will start soon. This will be the anticipated wave 3, which may go even lower.
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Hellena | GOLD (4H): Short to support area of 1984.Dear colleagues, I am still of the opinion that only short positions should be considered. The price has gone far up and it means that there is an opportunity to get into positions more favorably. I expect that the price may reach the resistance area of 2043.580, after which the long-awaited movement to the support area of 1984.
Perhaps the price will not update the maximum and will go straight to the target.
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Hellena | USD/JPY (4H): Short to support area of 149.115.Dear Colleagues, price has made a strong move and I suppose that it will end at these levels. After the five-wave movement, I expect the price to decline to the support area of 149.115.
It can happen already from current positions, but I hope that the price will update the maximum and complete wave 5.
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Hellena | Oil (4H): Long to resistance area of 78.91.Dear colleagues, in the last forecast I recommended to set trades to breakeven or close part of positions. After that, the price started a downward movement and is currently at 76.54. I suppose that the price will still resume the upward movement to the nearest maximum of 78.91.
Before this movement it is possible to update the minimum and test the support area at 75.41.
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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 | 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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