Hellena | Oil (4H): SHORT to support area of 56-57.Colleagues, price is actively moving in a downward direction and I believe the move is not yet complete.
Earlier I saw this move as a big correction, but now the structure is more of an impulsive one. This means that the price is moving in the wave “3” of the higher order (Red), which should be completed soon.
For this to happen, the price needs to complete the correction in the wave “4” of medium order and then update the low, reaching the support area of 56-57.
The extension of wave “3” is possible - then the price will reach the target without correction.
Fundamental context
Global oil inventories are forecast to rise through 2025, putting downward pressure on prices despite efforts by some producers to restrain output.
OPEC+ has been increasing production again, which adds to the supply burden.
Meanwhile, demand forecasts have been trimmed amid softer economic growth indicators in key consuming regions.
Major banks have lowered long-term price expectations for crude — the balance is tilting toward a more bearish outlook.
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Hellena
Hellena | EUR/USD (4H): LONG to the resistance area 1.16827.Colleagues, the recent continuation of the downtrend has made me reevaluate my wave analysis a bit.
If everything is correct, we are now witnessing a correction - triangle (ABCDE).
In this case, wave “C” should not update the minimum of wave “A”. This means that I expect the upward movement to start either from the current values or after the correction is completed around 1.14876.
Then I expect the beginning of the upward movement at least to the resistance area of 1.16827 - the middle line of the triangle.
Fundamental context
The U.S. dollar is showing signs of weakness — recent labor data came out softer than expected, and markets continue to price in further Fed rate cuts. This reduces demand for the dollar as a safe-haven asset.
At the same time, the ECB is likely to keep its current policy unchanged, as there’s limited room for additional easing. That gives the euro a slight fundamental advantage.
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Hellena | GOLD (4H): LONG to resistance area of 4104.Colleagues, gold is going up steadily and right now it is hard to say where the correction will be. If we look at the wave structure, I expect the completion of the higher order wave “3” and the middle order wave ‘5’. because wave “5” completes the impulse - it complicates the concept of where exactly this wave will end. I think the psychological level of 4100-4105 is suitable for this target.
I expect the price to reach the 4104 resistance area.
Fundamental context
Gold recently broke above $4,000, driven by strong safe-haven demand amid global uncertainty and expectations of U.S. rate cuts.
Central banks continue to accumulate gold, supporting demand structurally.
Deutsche Bank raised its 2026 target to $4,000, citing a weak dollar and sustained global demand.
Given the strength and stretched momentum, a pullback is plausible — but the exact timing remains unclear.
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Hellena | Oil (4H): SHORT to support area of 58.884Colleagues, it appears that the downward movement is not over and I see several reasons to continue to look short.
The higher order wave “C” is looking to complete the correction and I expect the start of the middle order wave “3” to see the low update and reach the support area at 58.884.
Fundamental context
Oil remains under pressure as supply increases and demand outlook weakens. OPEC+ decided to slightly raise output for November, while U.S. inventories keep growing. Crude lost about 8% last week, and EIA now expects lower prices by the end of the year — all of which supports the idea of a continued downside move within wave “3” toward the 58.884 support area.
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Hellena | SPX500 (4H): SHORT to support area of 6646 .Colleagues, in the last forecast I was counting on price reaching the 6550 area, but that plan turned out to be a long term plan. I see the sense in making some shorter term targets.
The closest target I see is the 6646 support area, where wave “4” ends. This is a corrective movement, so it is necessary to realize that the price may continue to fall after reaching the target.
Fundamental context
U.S. inflation remains elevated — CPI rose to about 2.9 % YoY, with core inflation around 3.1 %. At the same time, the labor market continues to cool, and corporate earnings show mixed results. Combined with the Fed’s cautious stance and ongoing fiscal uncertainty, this creates pressure on the stock market.
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Hellena | GOLD (4H): LONG to support area of 3950.had to revise the vision of this upward movement a little bit. Because there was no deep correction, I think that the ascending wave “3” (blue) is now completed. Earlier I thought it was completed, but we didn't see the “4” correction.
At this point, I think that the price will reach the resistance area of 3950, completing either the continued wave “3”, or after the correction of 3791, the wave “5” will be completed.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.18726.In the coming week, I'm hoping for a continued upward movement, so I decided to update the forecast.
If everything goes according to plan, the price is currently starting an upward movement in the wave “3” of the middle order. I believe that the price is quite capable of reaching the resistance area at 1.18726. Despite the fact that the top of wave “1” is likely to be updated - I would still prefer a target somewhat more reliable and closer.
Fundamental context
Lately, U.S. data keeps showing signs of slowdown — especially in the labor market. The latest ADP report came out negative, and forecasts for NFP remain weak, around +50K. That eases pressure on the Fed and slightly weakens the dollar.
In Europe, inflation picked up to 2.2%, which is above the ECB’s target. It means the central bank has no reason to rush with rate cuts — giving the euro some fundamental support.
So overall, the background fits well with my technical outlook: the dollar is losing momentum, and EUR/USD might continue higher in wave “3”, targeting the resistance zone near 1.1872.
Hellena | Oil (4H): SHORT to support area of 60 (Wave 3).The price is still not reaching the target of 60. I decided to make a new forecast, slightly changing the labeling of waves, or rather their importance.
At this stage, as before, I think that the price will reach the area of the level 60 in the middle wave “3”.
This movement is the development of the big corrective wave “C”. In general, the plan remains the same.
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Hellena | GOLD (4H): LONG to support area of 3800.Dear colleagues, the last forecast is canceled, but I recommended that trades should be set trades to breakeven because there is a high probability of wave “3” extension.
It looks like the upward impulse is still not over and I expect the final formation of wave “5” to the 3800 area. Yes - this target is quite close, but now it makes no sense to make a long forecast with a correction in wave “2” of higher order (red).
As soon as I get confirmation that the correction in wave “2” has started - I will make a forecast with more points.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.18935.We did pretty well last week and I was waiting for the correction to show us its movement in wave “4”. Now I believe that the correction is coming to an end and I expect the upward movement to continue in wave “5”.
I think that we will target the resistance area at 1.18935.
Fundamentals:
Euro is supported by stable inflation in the Euro area at 2.0% YoY in August, while in Germany it ticked slightly higher to 2.2%. Meanwhile, the U.S. Dollar Index (DXY) trades around 97.77, showing that dollar pressure hasn’t intensified.
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Hellena | SPX500 (4H): SHORT to support area of 6550.Colleagues, I am not much of a correction trader, but I have to share my opinion that the upward impulse has almost formed wave “5” and now it would still be logical to expect a correction.
I believe that first the price will update the local maximum in the resistance area of 6759, then we will see a correction in wave “4”, which I expect to see at least in the support area of 6550.
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Hellena | SPX500 (4H): LONG to resistance area of 6700.Colleagues, I think we should expect the upward movement to continue. The upward impulse is not over yet, but I think we may see a correction to the 6500 area, then I expect the upward movement to continue to the 6700 area, which is a pretty strong psychological level and is the area of 50% levels of Fibonacci extension.
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Hellena | GOLD (4H): SHORT to support area of 3558.Colleagues, gold is in an active upward impulse of big wave “1” and if until now I was only talking about long positions, now it is time to think about the correction in wave “2”.
Wave “1” (red) consists of five waves and, to all appearances, wave “5” (blue) has either completed or is about to complete.
This means that I expect a corrective movement to the 3558 support area. I believe that this is the minimum retracement level, and the price may reach lower values, but we will work for the result, which we will achieve soon.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.18500.Dear colleagues, the upward movement is not over yet and I think wave “3” is not over yet.
At this stage, I believe that the correction has already taken place or will soon end in the support area of 1.16573, then I expect the upward movement to continue to the resistance area of 1.18500.
This is a pretty strong area, as this is where the high of the big wave “3” (Red) is located.
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Hellena | SPX500 (4H): LONG to resistance area of 6600.Colleagues, the main idea is still the upward movement in the impulse of the middle wave “5”.
Wave “4” is likely to take place, because the bulls need to gain strength to update the local maximum of 6512.
The most important thing here is that the target of 6600 is a round number, which is quite attractive for buyers and limit sellers.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.17800.Colleagues, I thought I'd update the forecast a bit.
The target remains almost the same, but the wave layout has changed slightly.
I believe that at the moment the development of wave “5” of the higher order and wave “3” of the lower wave is underway.
Therefore, I still consider the area of 1.15765 as a support area and the area of 1.17800 as a target area.
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Hellena | GOLD (4H): LONG to resistance area of 3540.Colleagues, the forecast for an upward impulse has been confirmed and now I think that wave “3” is complete and I expect a correction in wave ‘4’ in the area of 3445 and then a continuation of the upward movement in the final wave “5”, which may meet resistance at the important level of 3540.
The most interesting thing is that if this is what happens - it would mean that there is a pretty strong correction ahead, after the execution of the scenario, and then a continuation of the upward movement, but we will talk about these plans later.
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Hellena | GOLD (4H): LONG to resistance area of 3460.Dear colleagues, the idea is generally simple and clear.
In the upward movement of waves “3”, “4”, “5” the price should update the maximum of waves ‘D’ and “B” 3448.87.
This means that we should expect the price in the area of 3460.
The target is quite close and I think there is reason to believe that it will be reached next week.
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Hellena | SPX500 (4H): LONG to resistance area of 6596 .Dear colleagues, I haven't made a forecast for the SNP500 in a long time and was waiting for a correction, but it seems that a major correction is not yet close, and at the moment the price continues to be in an upward five-wave movement.
Therefore, I believe that we should expect to reach the 6596 area, which will mark the end of the medium-term wave “3.”
The corrections are not very deep at the moment, but the price may reach the 6317 area before continuing its upward movement.
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Hellena | GOLD (4H): LONG to resistance area of 3400 (Wave 3).I am updating my idea because I have a certain vision of the situation, like the diagonal “ABCDE”, in which the movement has already ended. It is quite remarkable that this scenario, like the previous one, envisages a continuation of the upward movement.
Therefore, I am considering a small correction to the 3300 area (wave “2”), followed by a continuation of the upward movement to the 3400 resistance area.
If the price reaches the target immediately, this does not contradict the idea. Therefore, I recommend considering only long positions or limit orders.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.18098.We are observing the development of a five-wave impulse in the medium-term wave “2”.
The small wave “1” appears to be completing its movement, and I expect a correction in wave ‘2’ to the area of 1.15681, followed by a continuation of the upward movement in wave “3”. The minimum target for the movement is the resistance area of 1.18098.
I do not rule out the fact that wave “1” is not yet complete, so there is a possibility of the upward movement continuing without correction.
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Hellena | Oil (4H): SHORT to support area of 60 (Wave "3").Wave “C” continues to develop in a five-wave movement. Right now, I think wave “1” has just ended and we will see a small correction to the 66,280 area (wave ‘2’), after which I expect wave “3” to develop, which should go further than the 60 support level, but this is a fairly strong psychological level at which it would be good to take profits.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.17578.Colleagues, the price has made a strong downward movement, which can only mean one thing: the correction is not complete.
This means that the latest upward movement is wave “1” of medium order.
Therefore, I now expect the correction to end in wave “2” at the 50% Fibonacci level and thean upward movement to continue to at least the resistance level of 1.17578.
It is quite possible that after updating the level of 1.15570, the price will immediately begin an upward movement — this is a more risky option for entering a position.
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