Hellen's thoughts

[Hellena Trade]

Well... I'll try to get back on the forum)
It's pretty cozy here, but I keep running out of time to do everything at once... I think you know how it is)
Well, let's see how much time I have this time.

 

[Hellena Trade]

#Oil
🛢Oil (4H): SHORT to support area of 56,339.
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➡️Colleagues, I was watching the price and was expecting a pattern for a reversal downtrend. I still expect a downward movement and believe that the price is in a combined correction.
This means that wave “B” has been formed and I expect wave “C” to reach at least the 56,339 area.

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to resistance area of 3300.
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➡️Dear colleagues, I still expect an upward movement, because I am sure that the five-wave movement is not over yet.
The price has updated the 3202 level, which means that wave “4” is a combined correction (WXY) and it is just completing its movement.
I expect the price to start an upward movement and reach at least the 3300 resistance area.

 

[Hellena Trade]

#GOLD
🔔(UPDATE)🥇 GOLD (4H): LONG to resistance area of 3300.
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➡️Well, it seems that wave “4” is still formed and entering a position on the market was more appropriate. at this point, the price reached the level of 3251. I believe that after a small correction the price will update this level.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).