SPX500 (4H): Short to support area 5165. ➡️Dear colleagues, I am considering the possibility that wave “2” is not yet completed, because wave “a” looks more like a part of a correction than a full-fledged correction. Therefore, I count on the update of the high of 5300, and then a downward movement to complete wave “2” to the support area of 5165.
EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710. ➡️Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”. I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high. I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710). Then we will see what will happen next.
Oil (4H): Long, correction to the area of 76.326. ➡️Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this is the minimum of wave “1”.
(UPDATE) Oil (4H): Long, correction to the area of 76.326. ➖➖➖➖➖➖➖➖➖ ➡️Dear Colleagues, as I expected, the price has updated the high. This means that wave “4” is complete. And it's a wave of higher order. Most likely the price will start a downward movement, so I consider the deal closed and wait for the beginning of the week to write a new forecast.
5️⃣ SPX500 (4H): Long to the area of 5443 level. ➖➖➖➖➖➖➖➖➖ ➡️Dear colleagues, since the 5351 level has been broken, I believe that wave “2” has been completed, which means that wave “3”, which consists of five small waves, is currently developing. Now I assume that either the price will continue the small wave “1”, or will form a small wave “2” in the area of 61.8% Fibonacci level, then continue the upward movement to the area of 5443 level.
#GOLD GOLD (4H): Short to 100% Fibo lvl 2252.844. ➖➖➖➖➖➖➖➖➖ ➡️Dear Colleagues, the news had a big impact on the price last week. I think that everyone felt these changes. My last trade went to breakeven, although it was very close to the target. Now I believe that wave 4 is still not complete. This means that I expect further price decline to the area of 100% Fibonacci extension level at 2252.844. Of course, I expect a slight correction.
Oil (4H): Short to support area 72.631 (Wave 5). ➡️Dear Colleagues, as in the last forecast I assume that the price was moving in wave “4” and is currently completing this wave. I expect the wave to start downward movement and reach the support area (minimum of wave “3”) at 72.631. Because this movement will be the development of wave “5” in the ending diagonal.