Hellen's thoughts

[Hellena Trade]

#SPX500
5️⃣ SPX500 (4H): LONG to resistance area of 6700.
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➡️Colleagues, I think we should expect the upward movement to continue. The upward impulse is not over yet, but I think we may see a correction to the 6500 area, then I expect the upward movement to continue to the 6700 area, which is a pretty strong psychological level and is the area of 50% levels of Fibonacci extension.

 

[Hellena Trade]

#EURUSD
🔔(UPDATE)🇪🇺EUR/USD (4H): LONG to the resistance area 1.18500.
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➡️Colleagues, the price has overcome the level of the nearest local maximum at 1.17803. This means that wave “3” continues upward movement and I recommend that trades should be set trades to breakeven.
(Breakeven=no risk: move stop loss to the entry level).
A new correction is possible before reaching the target.

 

[Hellena Trade]

#Oil
🛢Oil (4H): SHORT to support area of 60 (Wave 3).
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➡️The price is still not reaching the target of 60. I decided to make a new forecast, slightly changing the labeling of waves, or rather their importance.
At this stage, as before, I think that the price will reach the area of the level 60 in the middle wave “3”.
This movement is the development of the big corrective wave “C”. In general, the plan remains the same.

 

[Hellena Trade]

#EURUSD
✔️EUR/USD (4H): LONG to the resistance area 1.18500.
Well done!

 

[Hellena Trade]

#GOLD
🔔(UPDATE)🥇 GOLD (4H): SHORT to support area of 3558.
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➡️At the moment, the situation is not bad and the price has pushed away from the resistance area, giving a pretty confident downward movement.
But because we are seeing a correction - I am cautious about this move.
⚡️I recommend that trades should be set trades to breakeven.
(Breakeven=no risk: move the stop loss to the entry level).

 

[Hellena Trade]

#SPX500
✔️5️⃣ SPX500 (4H): LONG to resistance area of 6700.
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⚡️Wave “3” is extended, the price has reached the target.

 

[Hellena Trade]

#Oil
🔔(UPDATE)🛢Oil (4H): SHORT to support area of 60 (Wave 3).
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➡️Colleagues, price is once again showing us bearish sentiment, just as we needed it to.
This week I expect a small correction to the 64 area, then a continuation of the decline.

 

[Hellena Trade]

#EURUSD
EUR/USD (4H): LONG to the resistance area 1.18935.
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➡️We did pretty well last week and I was waiting for the correction to show us its movement in wave “4”. Now I believe that the correction is coming to an end and I expect the upward movement to continue in wave “5”.
I think that we will target the resistance area at 1.18935.
Fundamentals:
Euro is supported by stable inflation in the Euro area at 2.0% YoY in August, while in Germany it ticked slightly higher to 2.2%. Meanwhile, the U.S. Dollar Index (DXY) trades around 97.77, showing that dollar pressure hasn’t intensified.

 

[Hellena Trade]

#Oil
🔔(UPDATE)🛢Oil (4H): SHORT to support area of 60 (Wave 3).
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➡️The price still returned to the resistance area, which may mean the renewal of the correction wave “2”. I realize that many people have been waiting for the local lows to be updated and to reach at least level 60, but all we can do is to re-enter trades and wait - miracles don't happen. Trading is work.
Therefore, I again expect a resumption of the downward movement.

 

[Hellena Trade]

#SPX500
5️⃣ SPX500 (4H): SHORT to support area of 6550.
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➡️Colleagues, I am not much of a correction trader, but I have to share my opinion that the upward impulse has almost formed wave “5” and now it would still be logical to expect a correction.
I believe that first the price will update the local maximum in the resistance area of 6759, then we will see a correction in wave “4”, which I expect to see at least in the support area of 6550.

 

[Hellena Trade]

#GOLD
🔔(UPDATE)🥇 GOLD (4H): LONG to support area of 3800.
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➡️It looks like a situation where we did see a small correction and the Pin Bar is hinting to us that the 3800 level will still be reached with more confidence.
I expect an upward movement.

 

[Atilla]

#SPX500
5️⃣ SPX500 (4H): SHORT to support area of 6550.
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➡️Colleagues, I am not much of a correction trader, but I have to share my opinion that the upward impulse has almost formed wave “5” and now it would still be logical to expect a correction.
I believe that first the price will update the local maximum in the resistance area of 6759, then we will see a correction in wave “4”, which I expect to see at least in the support area of 6550.

Super call on the 6550 Hellena. 🥳

 

[Hellena Trade]

#EURUSD
🔔(UPDATE)🇪🇺EUR/USD (4H): LONG to the resistance area 1.18935.
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➡️Colleagues, it looks like the downward movement has taken the form of a complicated correction. In this case, I think it is a good time to look at long positions. Yes - it is a bit off track, but in trading you have to adapt to change. The most important thing is that this movement does not disturb the structure of the upward movement.
I allow the possibility of reaching the level of 1.16000

 

[Hellena Trade]

Super call on the 6550 Hellena. 🥳

I'm not really a fan of making forecasts on corrections...often deceptive. Impulse is easier to prolong)

 

[Atilla]

I'm not really a fan of making forecasts on corrections...often deceptive. Impulse is easier to prolong)

Whether it was a call or not, your resistance and support levels were pretty much spot on. Yes always best to consider both the upside and downside. 👍

 

[Hellena Trade]

#SPX500
🔔(UPDATE)5️⃣ SPX500 (4H): SHORT to support area of 6550.
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➡️Last week the price almost reached the profit level, but there was a reversal and now I think that the resistance area of 6758 will still be reached.
In any case, the movement at the beginning of this week will show the priority.

 

[Hellena Trade]

#GOLD
✔️🥇 GOLD (4H): LONG to support area of 3800.
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After the correction, the price did not go through as many pips, but still reached the target. I consider the forecast worked out. It is necessary to analyze the movement for the upcoming trading week.

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to support area of 3950.
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➡️I had to revise my view of this upward movement a bit. Because there was no deep correction, I think that the ascending wave “3” (blue) is now completed. Earlier I thought it was completed, but we didn't see the “4” correction.
At this point, I think that the price will reach the resistance area of 3950, completing either the continued wave “3”, or after the correction of 3791, the wave “5” will be completed.

 

[Hellena Trade]

#SPX500
🔔(UPDATE)5️⃣ SPX500 (4H): SHORT to support area of 6550.
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➡️I think wave “3” will complete its development this week. The maximum level I see is 6800, a pretty strong psychological level.
In any case, I would advise to look out for short positions.

 

[Hellena Trade]

#Oil
🔔(UPDATE)🛢Oil (4H): SHORT to support area of 60 (Wave 3).
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➡️This week I don't think the scenario will end, but the positive signal is definitely there. The price has updated the local low of 61.962 and now I expect a correction to the level of 63 and then a continuation of the decline to the target.
For all those who are tired of waiting I would recommend to close positions, for everyone else I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).