Hellena | DJI (4H): Long to 100% Fibo 38931.

Dear colleagues, I suppose that the price will continue its upward movement. Now I see the formation of wave 3 and it may reach the area of 100% Fibonacci extension level 38931. Before this movement a small correction to the 38186 area is possible.

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

Comment:

Dear colleagues, the price has tested the swing area 38186. Now the price is resuming its upward movement, but it may test this area again. But I expect the target at the same level - in the 38931 area.

Comment:

Dear Colleagues. In the coming week I assume a small correction, then continuation of the upward movement. For insurance and reduction of losses I recommend to transfer trades to breakeven.

Comment:

the price has almost reached the target resistance area 38931. Also the price has formed a gap and it means that it will be overlapped, but after reaching the target or after? I suppose that however the target will be reached. Don't forget to put your trades to breakeven!

Comment:

Dear colleagues, all last week price made attempts to reach the target (area 38931). We can see how the price is accumulating potential and next week I assume that the price will finally reach the target. At the moment I allow the possibility of another correction to the 38500 area.

Trade closed: target reached:

Well done!