Hellen's thoughts

[Hellena Trade]

#GOLD
🔔(UPDATE)🥇 GOLD (4H): LONG to resistance area of 3400 (Wave 3).
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➡️Bulls took the initiative and now we can say that most of the way to the goal is passed.
The level of 3374 has been overcome, which means that wave "3" will continue its development. Do not forget to reduce risks.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

 

[Hellena Trade]

#Oil
🔔(UPDATE)🛢Oil (4H): SHORT to support area of 60 (Wave "3").
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➡️Great - price has reached the resistance area near the 66 level. Now I recommend looking only at short positions.
It seems that the price will not reach the target immediately. Maybe I will update the forecast as a new idea.

 

[Hellena Trade]

#EURUSD
EUR/USD (4H): LONG to the resistance area 1.17800.
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➡️Colleagues, I thought I'd update the forecast a bit.
The target remains almost the same, but the wave layout has changed slightly.
I believe that at the moment the development of wave “5” of the higher order and wave “3” of the lower wave is underway.
Therefore, I still consider the area of 1.15765 as a support area and the area of 1.17800 as a target area.

 

[Hellena Trade]

#GOLD
✔️🥇 GOLD (4H): LONG to resistance area of 3400 (Wave 3).

The target area has been reached. I think the upward movement will still continue, but a fresh idea will be made about it.

 

[Hellena Trade]

#SPX500
✔️5️⃣ SPX500 (4H): LONG to resistance area of 6596.
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The forecast has tightened quite a bit and I believe price will reach the target, but another correction is possible. Therefore, I am closing positions with a profit.

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to resistance area of 3460.
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➡️Dear colleagues, the idea is generally simple and clear.
In the upward movement of waves “3”, “4”, “5” the price should update the maximum of waves ‘D’ and “B” 3448.87.
This means that we should expect the price in the area of 3460.
The target is quite close and I think there is reason to believe that it will be reached next week.

 

[Hellena Trade]

#SPX500
5️⃣ SPX500 (4H): LONG to resistance area of 6600.
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➡️Colleagues, the main idea is still the upward movement in the impulse of the middle wave “5”.
Wave “4” is likely to take place, because the bulls need to gain strength to update the local maximum of 6512.
The most important thing here is that the target of 6600 is a round number, which is quite attractive for buyers and limit sellers.

 

[Hellena Trade]

#EURUSD
🔔(UPDATE)🇪🇺EUR/USD (4H): LONG to the resistance area 1.17800.
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➡️Colleagues, it looks like the bulls are actively moving the price up and I think this movement will continue in the coming week.
The level of 1.17430 remains quite a strong resistance on the way to the target, but I think that after a small correction this boundary will be broken and wave “3” will continue to develop in impulse.

 

[Hellena Trade]

#GOLD
✔️🥇 GOLD (4H): LONG to resistance area of 3460.
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Colleagues, the goal has been achieved in fairly short order and even without deeper correction.

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to resistance area of 3540.
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➡️Colleagues, the forecast for an upward impulse has been confirmed and now I think that wave "3" is complete and I expect a correction in wave "4" in the area of 3445 and then a continuation of the upward movement in the final wave "5", which may meet resistance at the important level of 3540.
The most interesting thing is that if this is what happens - it would mean that there is a pretty strong correction ahead, after the execution of the scenario, and then a continuation of the upward movement, but we will talk about these plans later.

 

[Hellena Trade]

#SPX500
🔔(UPDATE)5️⃣ SPX500 (4H): LONG to resistance area of 6600.
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➡️Colleagues, the price is actively moving in the correction of wave “4” and I think that now is the time to look at long positions, if you have not placed limit orders.
But I ask you to consider a nuance - the price can go down to the level of 6280, because the correction consists of waves “abc”, and the current movement looks like wave “a”.

 

[Hellena Trade]

#GOLD
✔️🥇 GOLD (4H): LONG to resistance area of 3540.
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➡️The price still continues the upward movement as planned, but we did not see a good correction and this may mean:
1) Wave “3” is not completed
2) Wave “4” has already been formed, just in a shortened form.

Either way - I would suggest that an impressive correction is about to begin, but first we need to understand where the end of the impulse is.