Hellena | DJI (4H): Long to the resistance area of 38458.

Apr 14

Dear colleagues, I believe that wave "4" is not yet completed. To complete it, it is necessary to complete the double zig-zag. I expect that the movement "c" will end in the area of 37350, then I expect growth and the beginning of wave "5" with the goal to reach at least the resistance area of 38458. Be careful, perhaps wave "c" will be a bit shorter and it will mean that the upward movement will start earlier.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Apr 16

Comment

Despite the fact that the price opened in the resistance area, I expect a renewal of the low and then the beginning of the upward movement.

Apr 17

Comment

The price shows a clear dominance of bears in the market. Perhaps the scenario will not materialize this week, but I still expect the low of 37661 to be updated.

Apr 18

Comment

Colleagues, price has updated the local low, but as you can see - all candles are red and I expect that price may once again update a new local low of 37618.
But I recommend to enter the trade with pending orders.

Apr 21

Comment

Dear Colleagues, in the coming week I expect the scenario to complete and reach the 38458 level. A correction to the 37800 area or an update of the low is possible.

Apr 22

Trade closed: target reached

Well done!