Hellena | DJI (4H): Long to resistance area 41680 (Wave 5).

22 juil.

Dear Colleagues, I believe that the price is still in an upward movement. At the moment, the higher order wave “4” is finishing forming. Either it has finished forming, or it will renew the minimum in the support area of 40071. After that I expect the continuation of the movement in the wave of higher order “5”. So I expect the price at the level of the maximum of the wave “3” 41680.

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

23 juil.

Note

Colleagues, I also believe that the price will still update the low and I expect the price in the area of 40071, because the wave “4” is not completed yet.

26 juil.

Note

The price has reached the support area of 40071 and further I expect the price to start an upward movement.
Of course, the price can still update the low, but not too low.

29 juil.

Note

dear colleagues, the price confidently continues its upward movement to the target 41680. I expect that the price will make a correction to the area of 40674, then I expect the upward movement to continue.

30 juil.

Note

The price rushed upward. I believe that the movement will continue, and after updating the local maximum of 41058 I will recommend that trades should be set trades to breakeven.

1 août

Note

As I expected, after reaching 41058 it is advisable to set trades to breakeven.
The price almost reached the target, but went into correction.
I expect the scenario to be completed either this week or next week!