Hellena | DJI (4H): Short to the area of 38566.67.
Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over.
I assume that the correction is now in priority, so 2 variants of events are possible:
1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67;
2) The correction will start soon without a new high, but in this case we will have to reconsider the waves.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I assume that the correction is now in priority, so 2 variants of events are possible:
1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67;
2) The correction will start soon without a new high, but in this case we will have to reconsider the waves.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Comment:
Colleagues, in the coming week I expect an update of the high 39544.84, after which we will need to look for the most profitable entry point into a short position!
Comment:
Dear Colleagues, at the moment price is not looking for volatility, but I still expect an upward move and an update of the local high, which is now at 39863.75.
Comment:
Colleagues, the price is in the resistance area of 39863. At this point, I will be looking for a good entry point for a short position. There is still a possibility of an update of the high.
Comment:
Dear Colleagues, I assume that in the coming week the price will start a downward movement towards the target 38566. But it is possible to update the maximum. If the price updates the high too high, we will have to fix SL and look for a short entry point again.