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.