Hellena | DJI (4H): Short to support area 38604.

Dear colleagues, the price rushed upwards and did not update the low 38045. This means that wave 2 has long been formed and now the formation of the upward wave 3 is underway. But we are observing a price gap, and as we know, the gap is usually closed. Besides, it does not violate the wave structure in any way.
So I suppose that the price will close the gap and reach the support area 38604.

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

Comment:

Dear colleagues, the target is almost reached. I strongly recommend to take trades to breakeven or close part of positions. I expect the scenario to be finalized this week.

Comment:

Dear Colleagues, the price is still within the acceptable range. The gap is not closed yet, which means that I expect the target to be reached next week! I may allow the high to be updated and reach the 39376.91 area, but my main thoughts are only on short positions.

Comment:

I still expect a downward movement to the target. Do not forget to set trades to breakeven.

Trade closed: target reached:

Well done!