Hellena | GOLD (4H): LONG to 61.8% Fibo lvl (2909).

6 févr.

Colleagues, the price continues its upward movement and I believe that the wave “3” of the senior and middle orders has not completed its development.
At the moment it is quite difficult to predict the end of wave “3”, but I will try to assume that now there will be a correction to the area of 2809 level, then the upward movement will continue to the area of 61.8% Fibonacci expansion level (2909).
Or wave 3 will continue its development without correction and then we will expect a correction.

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

7 févr.

Note

The price reached the level of 2834, but I believe that this is not the limit and the correction of wave “4” will be deeper. In any case, I recommend placing pending limit orders at lower levels and do not recommend selling.

10 févr.

Transaction en cours

In general, I expect a small correction to the area of 2830-2840 level, but I still expect the upward movement to continue, so I consider only long positions.

11 févr.

Trade fermée: cible de profit atteinte

Well done!