Hellena | DJI (4H): Long to the resistance area of 38458.

Dear colleagues, I believe that wave "4" is not yet completed. To complete it, it is necessary to complete the double zig-zag. I expect that the movement "c" will end in the area of 37350, then I expect growth and the beginning of wave "5" with the goal to reach at least the resistance area of 38458. Be careful, perhaps wave "c" will be a bit shorter and it will mean that the upward movement will start earlier.

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

Comment:

Despite the fact that the price opened in the resistance area, I expect a renewal of the low and then the beginning of the upward movement.

Comment:

The price shows a clear dominance of bears in the market. Perhaps the scenario will not materialize this week, but I still expect the low of 37661 to be updated.

Comment:

Colleagues, price has updated the local low, but as you can see - all candles are red and I expect that price may once again update a new local low of 37618.
But I recommend to enter the trade with pending orders.

Comment:

Dear Colleagues, in the coming week I expect the scenario to complete and reach the 38458 level. A correction to the 37800 area or an update of the low is possible.

Trade closed: target reached:

Well done!