Hellena | DJI (4H): Short to 38.2%-50% Fibo lvl`s 40137.

Aug 22

Dear colleagues, after I realized that the price is in the upward impulse of wave “1” I realized that we should look for the beginning of the correction of wave “2”.
At the moment I expect the price to rise a little more to the resistance area of 41379 and then start a corrective movement to the area of 38.2%-50% Fibonacci levels (40137).

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

Aug 23

Trade active

The price has moved a bit towards the target and reached 40685. I think that the update of 41129 is still possible, but all my thoughts now are only about short positions.

Aug 26

Trade active

Colleagues, the price is in the resistance area of 41379 and I expect the price to start its downward movement very soon.
I assume that there may be a small update of the highs.

Aug 28

Trade active

Colleagues, the update of 41524 is still possible, but I think we should look only towards short positions, because the bulls are clearly losing their strength. The end of the week is coming and I hope the situation will clear up soon.

Sep 2

Trade active

Dear Colleagues, this week I expect price to start to decline into the 40137 area. The price is still completing wave “1” As I wrote before - it can be difficult to determine the exact end of the impulse, but I believe that very soon it will end.

Sep 4

Trade active

Colleagues, the price has finally started a downward movement to the target 40137. At the moment the price has overcome the level of 40906 and after overcoming the level of 40800 I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Sep 6

Trade active

Dear Colleagues, The price has updated the low and almost passed the level of 40590. Therefore, I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Sep 9

Trade active

Dear Colleagues, the price has almost reached the target area and now I expect the 40137 level to be reached confidently.
A slight correction is possible until then.

Sep 12

Trade closed: target reached

Well done!