Hellen's thoughts

[Hellena Trade]

The story behind my preference is based on the SPX end of week forecasting competition that used to be here at T2W. I found Woodie's to be a closer approximation than the others. However, for the daily or weekly time frames, I don't think it matters much between the Classic and Woodies.

For me, it's a quick and useful way to check re-affirm, S/R levels before setting Entry/Exit points.

And yes, I agree when they align with Fib levels they do become more significant targets which are usually hit sooner or later.

Thank you! I'll look into it!

 

[Hellena Trade]

EUR/USD (4H): LONG to the resistance area 1.17300.
Well done!​

 

[Hellena Trade]

#SPX500
✔️5️⃣ SPX500 (4H): LONG resistance area of 6176 (Wave 1).

 

[Hellena Trade]

#EURUSD
🇪🇺EUR/USD (4H): LONG to the resistance area 1.18466.
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➡️Dear colleagues, I believe that the upward movement continues. The five-wave impulse is not over yet, and I see that the price is now in the upward wave “3” of the higher order and in the upward wave “3” of the lower order.
Therefore, I expect a small correction to the 1.16165 area, after which I expect the price to reach at least the 1.18466 resistance area.

 

[gka]

EUR/USD (4H): LONG to the resistance area 1.17300.​

Well done!​

Hi Hellen congrats on your Elliott Wave EURUSD prediction reaching 1.1730.

I attach my VRMFX predictions for Monday 30th June and the last 99 days. The chart shows the short term trend channel STTC in blue for Monday 30th June top, middle and bottom. And the long term trend channel LTTC in green top, middle and bottom for all next week.

For a short term bullish market the FX always finds support on the middle of the STTC and viceversa for a short term bearish market the FX always finds resistance below the middle of the STTC.

For a long term bullish market the FX always finds support on the middle of the LTTC and viceversa for a long term bearish market the FX always finds resistance below the middle of the LTTC.

The VRMFX has been predicting a long term bullish EURUSD market since 11th Feb this year since the FX always found support on the middle of its LTTC. You can see the days where the EURUSD was short term bullish then drops down through the middle of its STTC to become bearish and then rallies up through the middle of its STTC. The STTC and LTTC of the EURUSD are continuously colliding as the FX moves into the future. I believe it is these collisions that you pick out with your Elliott Wave analysis.

Now the top of the STTC is colliding with the top of the LTTC and that always makes for volatile price action.

The key signal from the VRMFX will be when the EURUSD breaks down through the middle of its STTC and then becomes short term bearish.

gka

 

[Hellena Trade]

#SPX500
5️⃣ SPX500 (4H): SHORT to support area of 6033.
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➡️Colleagues, I assume that wave “1” completes the upward movement and somewhere around here a major correction ‘2’ should begin, which will consist of waves “ABC” and may continue to the level of 5700. But for now, I think we need to focus on the nearest targets.
I see the support area of 6033 as the first target.

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to resistance area of 3450 (Wave 3).
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➡️Colleagues, it seems that the correction turned out to be a little deeper than I thought. This means that wave “1” of the middle order has been formed and now correction wave “2” is ending. I still expect an upward movement.
I believe that the maximum of wave “1” — the resistance area of 3450 — will be reached within wave “3”.

 

[Hellena Trade]

#EURUSD
🔔(UPDATE)🇪🇺EUR/USD (4H): LONG to the resistance area 1.18466.
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➡️Colleagues, the price is actively moving towards the target. I believe that a correction is possible, but I still expect the upward movement to continue towards the 1.18466 area.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).