Hellena | DJI (4H): Short to the area of 38566.67.
Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over.
I assume that the correction is now in priority, so 2 variants of events are possible:
1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67;
2) The correction will start soon without a new high, but in this case we will have to reconsider the waves.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I assume that the correction is now in priority, so 2 variants of events are possible:
1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67;
2) The correction will start soon without a new high, but in this case we will have to reconsider the waves.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Комментарий:
Colleagues, in the coming week I expect an update of the high 39544.84, after which we will need to look for the most profitable entry point into a short position!
Комментарий:
Dear Colleagues, at the moment price is not looking for volatility, but I still expect an upward move and an update of the local high, which is now at 39863.75.
Комментарий:
Colleagues, the price is in the resistance area of 39863. At this point, I will be looking for a good entry point for a short position. There is still a possibility of an update of the high.
Комментарий:
Dear Colleagues, I assume that in the coming week the price will start a downward movement towards the target 38566. But it is possible to update the maximum. If the price updates the high too high, we will have to fix SL and look for a short entry point again.
Комментарий:
The price is showing signs of reversal and I expect the downward movement to start. I am not satisfied with the strong gap in wave “3”. It must close! Therefore, in any case, even if the price makes a new high again, I will enter short positions.
Комментарий:
Dear colleagues, be careful. I have redrawn the waves and it is possible that this scenario of events awaits us. Wave “3” and “4” have just recently ended and now it is possible to update the maximum values.
Комментарий:
The price has begun its long-awaited decline! Now I think a correction is possible, then the decline will continue.
In any case, I recommend to close some trades or should set trades to breakeven!
(Breakeven=Risk Free: Move Stop loss to the entry level).
In any case, I recommend to close some trades or should set trades to breakeven!
(Breakeven=Risk Free: Move Stop loss to the entry level).
Комментарий:
Dear colleagues, the price has reached the area of 50% Fibonacci level 38955. But because wave 1 turned out to be a little shorter, I believe that the price will still renew the minimum. So I expect the downward movement to continue.
Сделка закрыта: достигнута тейк-профит цена:
Well done!