Hellen's thoughts

[Hellena Trade]

#EURUSD
🔔(UPDATE)EUR/USD (4H): LONG to the resistance area 1.18280.
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➡️The price has reached the support area of 1.15459, but I think this level may be retested.
Either way, I think we will soon see the start of an upward movement in wave “5.”

 

[steven46]

Hello Hellena

I hope all is well with you. I wanted to ask if you find that there is any seasonal impact to
how your system performs during summer months?

 

[Hellena Trade]

#GOLD
✔️🥇 GOLD (4H): LONG to resistance area of 3397 (Wave 3).
Well done!

 

[Hellena Trade]

Hello Hellena

I hope all is well with you. I wanted to ask if you find that there is any seasonal impact to
how your system performs during summer months?

Hello! Thank you, I'm fine, I hope you are too!

Around the middle of summer, I often have to change the medium waves. Where there should be 5 small waves, there are often 5 medium waves, because for some reason the corrections become larger.

I can't say that this happens all the time, but I've noticed it several times. At the same time, the direction of movement remains the same, but the corrections significantly change the picture — the support area changes, and this looks bad in the forecast.

That's basically it. But sometimes the correction turns into a combined. However, this phenomenon occurs constantly and does not depend on the season.

 

[Hellena Trade]

#EURUSD
(UPDATE)EUR/USD (4H): LONG to the resistance area 1.18280.
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⚡️The price broke through the 1.17606 level.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to resistance area of 3498 (Wave 3).
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➡️The price continues to move in a bullish direction, and I believe that now is the time to pay attention to the medium-term wave “3.” It is actively developing, and I believe that the target should be set at the maximum area of the higher-order wave “3” — the resistance area of 3498.
This is the nearest target, which carries significant weight.
Overall, the upward five-wave movement is developing according to the old scenario.

 

[Hellena Trade]

#GOLD
GOLD (4H): LONG to resistance area of 3498 (Wave 3).
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The forecast did not come true.

 

[Hellena Trade]

#SPX500
5️⃣ SPX500 (4H): LONG to resistance area of 6596.
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➡️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.

 

[Hellena Trade]

#Oil
🔔(UPDATE)🛢Oil (4H): SHORT to support area of 63.000.
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➡️It seems that the price is forming a certain corridor, a flat. I see the range within 68.865 - 65.833.
To a large extent, I expect the range to be broken in the direction of the target, but perhaps the bears need to gather strength, so I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to resistance area of 3440 (Wave V).
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➡️As you can see, everything turned out to be more complicated than I had previously thought. We are dealing with a complex correction and a diagonal. I believe that the “ABCDE” waves, which make up the corrective wave “4”, are completing their levels, and I continue to expect the upward movement to continue.
The first area I expect is the resistance area of 3440. This will be the beginning of the large upward wave “V.”

 

[Hellena Trade]

#EURUSD
EUR/USD (4H): LONG to the resistance area 1.17578.
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➡️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.

 

[Hellena Trade]

#Oil
🛢Oil (4H): SHORT to support area of 65.944.
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➡️Colleagues, I previously recommended moving trades to break-even, and for good reason. It is always necessary to hedge and reduce losses—this is part of professional work.

The price has nevertheless shown a stronger correction, and I now believe that the medium-term “ABC” waves have not yet formed, nor has the large “Y” wave.
This means that I expect the completion of wave “B” and then a continuation of the downward movement in wave “C.”
I consider the support area of 65.944 to be the minimum target.

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to area of 3370 (Wave 2).
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➡️Colleagues, gold is once again disrupting our plans, and I have to revise the wave marking. It's not easy, but the most important thing is to keep doing it.
Now I'm back to the previous marking — the price is in wave “2” correction.
To complete this wave, the price needs to overcome the level of wave “W” of the middle order 3246.82. Then the correction will be completed and wave “3” will begin an upward movement.
I see the minimum target in the area of the 3370 level.