Hellena Trade
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Hellen's thoughts
- Thread starter Hellena Trade
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Hellena Trade
Well-known member
- Messages
- 272
- Likes
- 48
#Oil
✔️🛢Oil (4H): LONG to 50% Fibo lvl (58.00).
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Well done
#GOLD
🥇 GOLD (4H): SHORT to support area of 4360 (Correction).
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➡️Colleagues, the price has shown fairly steady growth, reaching a new historic high, and I believe that a correction is not far off.
So, at the moment, wave “1” of the higher order is coming to an end, and I expect this to happen around the 4545 level, followed by the start of corrective movement “2” towards the 4360 level — this is the minimum target. Of course, I expect a deeper correction, but I prefer to take more likely targets.
I would also like to point out that the price may already begin its correction, which would mean that wave “1” is already complete.
✔️🛢Oil (4H): LONG to 50% Fibo lvl (58.00).
➖➖➖➖➖➖➖➖➖
Well done
#GOLD
🥇 GOLD (4H): SHORT to support area of 4360 (Correction).
➖➖➖➖➖➖➖➖➖
➡️Colleagues, the price has shown fairly steady growth, reaching a new historic high, and I believe that a correction is not far off.
So, at the moment, wave “1” of the higher order is coming to an end, and I expect this to happen around the 4545 level, followed by the start of corrective movement “2” towards the 4360 level — this is the minimum target. Of course, I expect a deeper correction, but I prefer to take more likely targets.
I would also like to point out that the price may already begin its correction, which would mean that wave “1” is already complete.
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Hellena Trade
Well-known member
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Oh) Thank you) Is someone looking at my trading journal? Cool)
I just do a daily analysis) Thanks for the support! Have a great weekend too!
Hi Hellena, I watch your predictions too. Sometimes my VRMFX algorithm agrees with your Elliott Wave analysis. At the minute my target for gold cash is still long to weekly sentiment level 4529.7 shown on the attached one hour chart. Times are New York plus 1 hour. I suppose that traders are cautious for the last 12 hours because they are wary of passing through 4500. But VRMFX does not have a level there. Since this is a short week with holidays we may have to wait until next week for 4529.7 to be reached.
gka
gka
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VRMFX update for XAU-USD. Further to my last post today I attach the 4hr, 1hr and 30min charts for spot gold. I suppose there was profit taking at 4500 today. Then spot gold dropped to VRMFX level 4436.96. The market already knew about that level because it tested it about 12:00 yesterday as seen in the previous chart I posted. I always watch the spot gold price action for 30 minutes about a VRMFX level before deciding to trade. In the 11:30 candlestick you can see my long position and the TP is set to 4525 just below the VRMFX weekly sentiment level. Let's see what happens next.
On all the charts you can see the EMA(4) blue and EMA(7) red channel. This channel always widens when the market detects a VRMFX level.
gka
On all the charts you can see the EMA(4) blue and EMA(7) red channel. This channel always widens when the market detects a VRMFX level.
gka
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Hellena Trade
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#EURUSD
✔️EUR/USD (4H): LONG to resistance area of 1.18000.
Well done‼️
#Oil
🛢Oil (4H): SHORT to support area of 55.74 (Wave 5).
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➡️ Colleagues, wave “4” of the minor order is ending or has already ended. As part of a major downward movement in wave ‘5’ of the major movement, I expect a downward movement in wave “5” of the minor order.
This wave should update the low of wave “3”, but I believe it is worth looking at the nearest target in the support area of 55.746.
I also allow for the possibility of reaching the 59.00 area before the price begins a downward movement.
This would mean that the price will update the local minimum, but more on that later.
✔️EUR/USD (4H): LONG to resistance area of 1.18000.
Well done‼️
#Oil
🛢Oil (4H): SHORT to support area of 55.74 (Wave 5).
➖➖➖➖➖➖➖➖➖
➡️ Colleagues, wave “4” of the minor order is ending or has already ended. As part of a major downward movement in wave ‘5’ of the major movement, I expect a downward movement in wave “5” of the minor order.
This wave should update the low of wave “3”, but I believe it is worth looking at the nearest target in the support area of 55.746.
I also allow for the possibility of reaching the 59.00 area before the price begins a downward movement.
This would mean that the price will update the local minimum, but more on that later.
Attachments
Hi Hellena, further to my last post showing a long position up to the VRMFX weekly sentiment at 4529.7 I can report that my trade closed out at the TP 4525 at 21:25:01. I padded out my TP just below the sentiment level because through experience the market seems to "know" the VRMFX levels and queues up their orders. A bit like your range about your Elliott Wave levels.
Happy Christmas and New Year to you.
gka
Attachments
Hello All
The Volatility Response Model is well known to professionals. If I know of it, so do many others
It may (or may not) be necessary, because there are (many) other ways to trade Gold
Here is a reference for those interested in trading Gold (By Siena)
The Volatility Response Model is well known to professionals. If I know of it, so do many others
It may (or may not) be necessary, because there are (many) other ways to trade Gold
Here is a reference for those interested in trading Gold (By Siena)
