Hellena | DJI (4H): Long to the resistance area of 39419.

Dear colleagues, the price has passed many points in the downward movement and at the moment I suppose that the price is completing the corrective wave "4" and very soon will start the upward movement in the wave "5". It is possible to update the low in the area of 38458 and then move to the resistance area of 39419. It is possible that the price will immediately start an upward movement, so I consider only long positions and will look for the best entries to this position.

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

Comment:

I still expect the price to decline and the completion of wave "4". The price is gathering strength and will soon shoot to one side like a spring.

Comment:

Dear Colleagues, I suppose that the price has completed wave "4" at the level of 38561. The price tried to update this low, but at this moment I suppose that the price is starting an upward movement. This impulse will have 5 waves and should close the gap.

Comment:

Colleagues, there's a gap in the chart. I believe that the price will return to the 38634 area and then continue the upward movement.
But be careful, it is possible that the price will renew the minimum, because the news background strongly influences the price.