Hellena | GOLD (4H): LONG to 61.8% Fibo lvl (2909).Colleagues, the price continues its upward movement and I believe that the wave “3” of the senior and middle orders has not completed its development.
At the moment it is quite difficult to predict the end of wave “3”, but I will try to assume that now there will be a correction to the area of 2809 level, then the upward movement will continue to the area of 61.8% Fibonacci expansion level (2909).
Or wave 3 will continue its development without correction and then we will expect a correction.
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Hellena | GOLD (4H): LONG to area of 2972.207.Colleagues, if you look at this upward movement, what can you say? Of course the lower order wave “3” continued and updated its top. This means that we can expect 2 variants of events:
1) Price will continue the development of wave “3”.
2) Wave “4” will make a correction and then wave “5” will start.
The target is the area of 2972.207.
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Hellena | EUR/USD (4H): LONG resistance area 1.05281 (Wave 3).Colleagues, price has traveled a long distance and this could mean that price is moving in impulse. This means that the price is in wave “1” and now a correction is expected in wave ‘2’ (50% Fibonacci level 1.03264) and then I expect the upward movement to continue in wave “3” which will reach the resistance area 1.05281.
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Hellena | SPX500 (4H): LONG to the area of 6136.8 (Wave 3).Colleagues, I believe that wave “2” has completed its development and now I expect the upward movement to continue in wave ‘3’, which should break the maximum of wave “1”.
So far, I set the target as a minimum in the area of 6136.8.
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Hellena | GOLD (4H): LONG to 100% Fibo lvl (2857.750).Colleagues, the situation in the markets is quite complicated. But gold is aiming for new highs, given that in all difficult times gold has been a reliable instrument for storing assets.
At the moment, I expect the completion of lower wave “3” in the area of 2857.750 (100% Fibonacci extension level).
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Hellena | EUR/USD (4H): LONG to the resistance level of 1.03609.Colleagues, the situation on the markets is quite complicated. Now we are witnessing a period of complex combined corrections and lengthening waves. But it is also possible to analyze it.
At the moment I expect the big gap to close and reach the resistance level of 1.03609. We all know that gaps usually close.
This will be a correction in wave “2”.
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Hellena | Oil (4H): SHORT to the 70.00 support area.Colleagues, the situation is quite complicated, so I assume that the price is in a combined correction. At the moment I expect the completion of wave “B” in the 77.00 area, then the completion of wave “C” in the 70.00 support area.
Complex compound corrections are always quite unpredictable, so I recommend not to forget about SL and lot calculation.
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Hellena | GOLD (4H): LONG to 161.8% Fibo lvl (2797.968).This month it is extremely difficult to predict the movement of gold, because there are too strong processes in the world, which no one expects.
But I will always try and will not give up drawing waves, because it brings profit and valuable experience.
In this case, I see a continuation of the upward movement to the area of 161.8% Fibonacci extension level. This is the area of 2797.968.
Of course, I would like the price to first descend on the correction in wave “2” and reach the support area 2724, after which limit pending orders will be activated.
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Hellena | SPX500 (4H): SHORT to the low of wave “a” 5920.Colleagues, the price reached the 5920 level too quickly, so I tend to believe that wave “2” is not completed. It should consist of 3 waves “abc” so I expect the low of wave “a” 5920 to be updated.
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Hellena | SPX500 (4H): SHORT to the area of 50% Fibo lvl (5972).Colleagues, I believe that price is completing wave “1” and I believe that a correction in wave “2” is inevitable.
I expect the price to reach the area of 38.2% - 50% Fibonacci levels (5972.9). I believe that a small update of the maximum of wave “1” is possible.
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Hellena | EUR/USD (4H): LONG to the resistance area of 1.05862.Dear Colleagues, after the last upward movement it became clear that the wave “5” of the senior order is already completed and it means that we should expect the continuation of the correction “abc”.
At the moment I expect a corrective movement in wave “b” to the 50% Fibonacci area (1.03180), then an upward movement to the resistance area of 1.05862.
It is possible that the price will continue the upward movement, renewing the wave “a”.
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Hellena | SPX500 (4H): LONG to resistance area 6104 (Wave 3).Colleagues, I see that the price has completed wave “4” and is now forming wave “5” of the higher order.
I believe that the price may go into correction in the lower wave “2” to the area of 50% Fibonacci level 5896.9, after which I expect the upward movement to continue to the resistance area 6104.
The upward movement is the priority, so I warn that the price may just continue to move upward, updating the wave “1”.
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Hellena | GOLD (4H): SHORT to 50% Fibo lvl 2655.Colleagues, I believe that wave “3” of the higher order is developing quite actively, but I expect a correction in wave “2” of the middle order.
I believe that the price will reach the area of 50% Fibonacci level 2655 or earlier. We should be careful, because the price may stop at the 38.2% Fibonacci level. Around this area I should set trades to breakeven.
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Hellena | EUR/USD (4H): Short to the 1.00784 support area.Colleagues, I think the downward movement is over. Wave “3” is just developing and it may be shorter or longer than we think, but we can be sure of one thing - the end of the five-wave movement will be lower than the minimum of 1.01753.
I believe that a correction to the 1.03442 area is possible, then I expect a continuation of the decline to the 1.00784 support area.
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Hellena | Oil (4H): LONG to area of 82.000 (Wave "5"). Colleagues, all trading instruments are behaving extremely unpredictably right now due to the situation with Trump's inauguration among other things.
I see this as an opportunity to redraw the waves.
Apparently now the price is developing wave “4” and will finish it soon. I expect the price to reach the area of 82.000, renewing the high of wave “3”.
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Hellena | GOLD (4H): Long to area of 2726.976.Friends, it's been pretty hard lately to draw waves on a gold chart and I realize that not everyone likes it, but I'm trying to be objective.
The downtrend has not been confirmed and at this point it means that a five-wave upward movement is expected to complete.
I expect that the correction will be completed in the middle-order wave “2” (2640 area), then we will see the beginning of the wave “3”.
But it is also possible that wave “1” will continue and then the correction will be a little later - this is a risky entry.
In both cases I expect to reach the area of 2726.976.
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Hellena | GOLD (4H): Long to resistance area of 2717.733(Again).Dear colleagues, I believe that the 2717 level will be reached again, because the five-wave upward movement is not over yet.
I see here the development of wave “3” of higher order and the completion of the correction in wave “2” of medium order. I expect the price to start an upward movement this week.
I do not recommend placing short orders.
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Hellena | EUR/USD (4H): Short to low of the wave “1” 1.02213.Colleagues, after last reaching the 1.02213 target, I believe the downward five-wave move is not over yet. Wave “5” is not yet complete, but now the price is in the correction of the lower wave “2”.
This means that the price is likely to continue the downward movement and update the low of the wave “1” 1.02213.
Therefore, I believe that the price will reach the 1.02213 area again.
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Hellena | SPX500 (4H): Short to support area 5718 (Wave C).Dear colleagues, I believe that the downward movement will continue within the correction (A B C). I expect wave “C” to start moving very soon.
I think that the nearest target is the area of 5718 level, because there is a strong support area.
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Hellena | Oil (4H): Short to area of 50% Fibo lvl of 71.500. Colleagues, I believe that price is ending a five-wave upward movement and a correction is about to begin. I expect the price to renew the nearest high and reach the area of 75.500, after which it will start a correction to the area of 50% Fibonacci level of 71.500.
It may well be that the price will immediately start a downward movement and it will mean that wave “C” is already completed.
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Hellena | GOLD (4H): SHORT to the support area (2540).Colleagues, the previous forecast has gone stale and I decided to take a fresh look.
Waves are redrawn, but the target remains the same - the support area 2540.100. This is the minimum of wave “W” of the senior order.
In addition, before starting the upward movement the bulls need to gain strength. This means that the combined correction is still in progress.
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Hellena | EUR/USD (4H): Short to Support area 1.02539.Dear Colleagues, due to the recent sharp price movement, I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order.
I expect that the price should update the nearest local minimum of the wave “3” 1.03350.
I expect the price to reach at least the area of 1.02539.
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Hellena | Oil (4H): Short to support area at 66.867.Colleagues, oil has been in a sideways movement for the last month and is not living up to our expectations, but I still believe that the price will start a downward movement to the support area at 66.867.
Now the price is in a complicated wave movement, which I named (A, B, C). In fact, the movement is more complicated, but I will not describe the rules of the Leading diagonal now.
So I expect that the price will reach the area of 72, complete wave 2 and start a downward movement.
But there is a variant when the price will start the movement at once.
Therefore, I do not recommend long positions.
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