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. SPX500 (4H): Long to resistance area 5282.3. Dear colleagues, I assume that the upward movement in the senior wave “3” will continue, but after a small correction, presumably to the area of 50% Fibonacci level 5117.0 . Then I assume the continuation of the upward movement to the resistance area 5282.3. Oil (4H): Long to resistance area of 84.42. I believe that the upward movement has already started and the price is unlikely to update the nearest low of 76.88. I consider only long positions. EUR/USD (4H): Long to resistance area at 1.08843. The price pushed from the area of 50% - 61.8% Fibonacci levels at 1.07217 and started an upward movement. I believe that it will continue, but we should be careful and after updating the local maximum at 0.08127, we should set trades to breakeven. (Breakeven=Risk Free: Move Stop loss to the entry level). GOLD (4H): Long to resistance area of 2402.809. Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823.
(UPDATE) DJI (4H): Short to the area of 38566.67. (UPDATE) 5️⃣ SPX500 (4H): Long to resistance area 5282.3. (UPDATE) Oil (4H): Long to resistance area of 84.42. (UPDATE) EUR/USD (4H): Long to resistance area at 1.08843. (UPDATE) GOLD (4H): Long to resistance area of 2402.809.
SPX500 (4H): Long to resistance area 5282.3. May 8 - May 15. Well done! EUR/USD (4H): Long to resistance area at 1.08843. May 7-May 15. Well done!
#SPX500 (UPDATE) 5️⃣ SPX500 (4H): Short to 38.2% Fibo lvl 5205. ➖➖➖➖➖➖➖➖➖ ➡️Colleagues, I believe that wave 4 has started its movement, although we will know exactly about it today, because wave 4 may be a bit shorter than I think. #Oil (UPDATE) Oil (4H): Long to resistance area of 84.42. ➖➖➖➖➖➖➖➖➖ ➡️Colleagues! ⚡️Very important!‼️ The price has updated the low, but did not update the high of 76.88 - 79.96 area. This means that the price may sharply start a downward movement. Now the trades are in a profitable state, so the following is a MUST: ⚡️I recommend to set trade to breakeven.⚡️ (Breakeven=Risk Free: Move Stop loss to the entry level). #EURUSD (UPDATE) EUR/USD (4H): Long to resistance area at 1.08843. ➖➖➖➖➖➖➖➖➖ ➡️Colleagues, I expect that the price will continue the wave “4”, after which I expect an upward movement, which will update the local maximum of 1.08952, after which we should set trades to breakeven. ➖➖➖➖➖➖➖➖➖ #GOLD (UPDATE) GOLD (4H): Long to resistance area of 2402.809. ➖➖➖➖➖➖➖➖➖ ➡️In any case Price has already reached the target, but as I said before, I believe that price may update the high. The whole thing is that the nearest high of 2397 can be interpreted as a lower order wave “5” and a higher order wave “5”. But there is another option, in which the lower wave “5” ends and this impulse will be just a wave “1” of medium order. This means that the wave will make a correction and start an upward movement even stronger.
GOLD (4H): Long to resistance area of 2402.809. ➡️Dear Colleagues, I believe that the upward movement is not over yet. If we look at the wave pattern, we can see that the price has gone through 5 waves in the impulse “3”. This means that there should be an upward wave “5”. Therefore, I expect a correction to the area of 2402.732, after which I expect the price in the resistance area of 2455.145. Thus the five-wave movement will be completed.
GOLD (4H): Long to resistance area 2404.446. Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement. Manage your capital correctly and competently! Only enter trades based on reliable patterns!