Hellena | GOLD (4H): Short to support area of 2153.085.
Dear Colleagues, I assume that the price is in the ending diagonal. This means that the price will update the maximum a little more, after which I expect the price to decline to the support area of 2153.085.
I expect the 5 wave structure to complete the formation.
Watch for updates of the idea, the price may start moving towards the target, so I do not recommend to consider long positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I expect the 5 wave structure to complete the formation.
Watch for updates of the idea, the price may start moving towards the target, so I do not recommend to consider long positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Comment:
Colleagues, in the coming week I expect the price to start wave 4, after its completion we will make further decisions.
Comment:
Colleagues, I suppose that the price has completed wave 3. At the moment I expect wave 4 with a target of 2210. Because wave 3 went a bit further than I expected, it may mean that wave 5 will be higher. Be careful!