Hellen's thoughts

SPX500 (4H): Long to 100% Fibo lvl 5209.

➡️Colleagues, in the coming trading week I expect the uptrend to continue after the formation of corrective wave “2”, which I expect in the area of 50% Fibonacci level 5025.
After that I expect the beginning of the formation of wave “3”, with the aim to reach 100% of the Fibonacci extension level 5209.
sgfzggyM
 
Oil (4H): Long to resistance area of 87.47.

➡️Colleagues, there is a great possibility of a price reversal in the coming week to give us a chance to go long again. In this regard, I recommend closing some of the open positions at the beginning of the trading week.
KTJWIAPE
 
🔔(UPDATE) 🇪🇺EUR/USD (4H): Long to resistance area of 1.07923.

➡️Colleagues, in the coming week I expect the upward movement in wave “3” to continue. I assume that the level of 1.06741 will not be updated.
[IMG]



🔔(UPDATE) 🥇 GOLD (4H): Long to resistance area of 2358.71.

➡️Dear colleagues, I believe that in the coming week the price will confidently come to the target of 2358.71. The idea is relevant. Perhaps there will be a small correction, but all my thoughts are only about long positions.
dlo3VNKT
 
🔔(UPDATE) 💲 DJI (4H): Long to the resistance area 39156.49.

➡️Dear Colleagues, perhaps the price will update the low of 37771 and it will be an updated wave 2. This means that we have an opportunity to enter a long position again.
[IMG]


🔔(UPDATE) 5️⃣ SPX500 (4H): Long to 100% Fibo lvl 5209.

➡️Dear colleagues, it is possible that the price will update the low of 5012 and it will be an updated wave 2. This means that we have an opportunity to enter a long position again.
So far, the price is within the forecast.
[IMG]


#Oil
🛢Oil (4H): Long to resistance area of 84.42.

➡️Dear Colleagues, Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42.
[IMG]


🔔(UPDATE) 🇪🇺EUR/USD (4H): Long to resistance area of 1.07923.

➡️Dear colleagues, the price touched the support area at 1.06595 and at the moment I still expect the upward movement to continue towards the target of 1.07923.
[IMG]


🔔(UPDATE) 🥇 GOLD (4H): Long to resistance area of 2358.71.

➡️Dear colleagues, the price has again touched the support area at 2281.896. At the moment I expect the upward movement to continue.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
[IMG]
 
🔔(UPDATE) 💲 DJI (4H): Long to the resistance area 39156.49.

➡️Colleagues, perhaps the price will reach the target without closing the gap. It can happen and the price will close the gap later. This gives us a hint that the 38458 area will still be worked out in the future.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
[IMG]


🔔(UPDATE) 5️⃣ SPX500 (4H): Long to 100% Fibo lvl 5209.

➡️Colleagues, the price has almost reached the target. I assume that a small correction is possible, but I expect the scenario to be completed.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
[IMG]



🔔(UPDATE) 🛢Oil (4H): Long to resistance area of 84.42.

➡️Colleagues, the price is about to reach the support area. But in any case, I am considering only long positions. Price is taking too long to update the low of wave “4”.
[IMG]



EUR/USD (4H): Long to resistance area at 1.08843..

➡️Dear Colleagues, I believe that the price is in the impulsive movement of the senior wave “3” and in the junior corrective wave “2”.
Therefore, I expect the price to correct to the area of 50% - 61.8% Fibonacci levels at 1.07217, then I expect the upward movement to continue and reach the resistance area at 1.08843.
[IMG]


🔔(UPDATE) 🥇 GOLD (4H): Long to resistance area of 2358.71.

➡️Gold is starting its upward movement again. The price has updated the local high of 2328.500 and this means that I again expect the scenario to be completed.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
[IMG]
 
5️⃣ SPX500 (4H): Long to resistance area 5282.3.

➡️Dear colleagues, I assume that the upward movement in the senior wave “3” will continue, but after a small correction, presumably to the area of 50% Fibonacci level 5117.0 . Then I assume the continuation of the upward movement to the resistance area 5282.3.
[IMG]


🔔(UPDATE) EUR/USD (4H): Long to resistance area at 1.08843..

➡️Colleagues, the price is moving towards the support area at 1.07217. After reaching this area, I expect the beginning of the upward movement. I remind you that I do not recommend entering short positions and consider only long positions.
[IMG]
 
DJI (4H): Short to the area of 38566.67.
Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over.
I assume that the correction is now in priority, so 2 variants of events are possible:
1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67;
2) The correction will start soon without a new high, but in this case we will have to reconsider the waves.
[IMG]


SPX500 (4H): Long to resistance area 5282.3.
Dear colleagues, I assume that the upward movement in the senior wave “3” will continue, but after a small correction, presumably to the area of 50% Fibonacci level 5117.0 . Then I assume the continuation of the upward movement to the resistance area 5282.3.
[IMG]


Oil (4H): Long to resistance area of 84.42.
I believe that the upward movement has already started and the price is unlikely to update the nearest low of 76.88.
I consider only long positions.
[IMG]



EUR/USD (4H): Long to resistance area at 1.08843.
The price pushed from the area of 50% - 61.8% Fibonacci levels at 1.07217 and started an upward movement. I believe that it will continue, but we should be careful and after updating the local maximum at 0.08127, we should set trades to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
[IMG]


GOLD (4H): Long to resistance area of 2402.809.
Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823.
[IMG]
 
🔔(UPDATE) 💲 DJI (4H): Short to the area of 38566.67.
[IMG]


🔔(UPDATE) 5️⃣ SPX500 (4H): Long to resistance area 5282.3.
[IMG]


🔔(UPDATE) 🛢Oil (4H): Long to resistance area of 84.42.
[IMG]


🔔(UPDATE) 🇪🇺EUR/USD (4H): Long to resistance area at 1.08843.
[IMG]


🔔(UPDATE) 🥇 GOLD (4H): Long to resistance area of 2402.809.
[IMG]
 
Hi Hellena, thank you for your charts and in particular your EURUSD chart for today 13th May. I note with interest that you have a long prediction of EURUSD to 1.08843 calculated using Elliott Waves and Fibonacci levels. I calculate significant levels mathematically using an algorithm called the Volatility Response Model for FX (vrmfx for short). And today I have the top of the EURUSD short term trend channel (STTC) at 1.0844. We agree on a level today using completely different methods. Cool.

The chart I attach shows the top, middle and bottom of the STTC for the EURUSD over daily timescales in blue and the long term trend channel (LTTC) over weekly timescales in green (top, middle and bottom).

My STTC will be updated on a daily basis and the LTTC levels are updated weekly. Let's see how EURUSD evolves.
 

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    2024-0513-EURUSD-Hellena.png
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SPX500 (4H): Long to resistance area 5282.3. May 8 - May 15. Well done!
[IMG]


EUR/USD (4H): Long to resistance area at 1.08843. May 7-May 15. Well done!

[IMG]
 
gka said:
Hi Hellena, thank you for your charts and in particular your EURUSD chart for today 13th May. I note with interest that you have a long prediction of EURUSD to 1.08843 calculated using Elliott Waves and Fibonacci levels. I calculate significant levels mathematically using an algorithm called the Volatility Response Model for FX (vrmfx for short). And today I have the top of the EURUSD short term trend channel (STTC) at 1.0844. We agree on a level today using completely different methods. Cool.

The chart I attach shows the top, middle and bottom of the STTC for the EURUSD over daily timescales in blue and the long term trend channel (LTTC) over weekly timescales in green (top, middle and bottom).

My STTC will be updated on a daily basis and the LTTC levels are updated weekly. Let's see how EURUSD evolves.
Click to expand...
Interesting strategy! Thanks for sharing! Looks like it's paying off and can be worked with too!
 
Hi Hellena, and congrats for reaching your level 1.08843.

The vrmfx is updated at the end of every trading day and so the short term trend channel (STTC) I use has now progressed even further upwards. I attach the latest chart for the trading day tomorrow 16 May. The top of the STTC in blue is now at 1.0920. The next significant event will be the collision of the top of the STTC in blue with the top of the long term trend channel (LTTC) in green. The top of the LTTC this week is 1.0983 and I will update the LTTC at this Friday's close for next week. Let's see what happens.

G
 

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    178.5 KB · Views: 15
#SPX500
🔔(UPDATE) 5️⃣ SPX500 (4H): Short to 38.2% Fibo lvl 5205.
➖➖➖➖➖➖➖➖➖
➡️Colleagues, I believe that wave 4 has started its movement, although we will know exactly about it today, because wave 4 may be a bit shorter than I think.
[IMG]


#Oil
🔔(UPDATE) 🛢Oil (4H): Long to resistance area of 84.42.
➖➖➖➖➖➖➖➖➖
➡️Colleagues! ⚡️Very important!‼️ The price has updated the low, but did not update the high of 76.88 - 79.96 area. This means that the price may sharply start a downward movement. Now the trades are in a profitable state, so the following is a MUST:
⚡️I recommend to set trade to breakeven.⚡️
(Breakeven=Risk Free: Move Stop loss to the entry level).
[IMG]


#EURUSD
🔔(UPDATE) 🇪🇺EUR/USD (4H): Long to resistance area at 1.08843.
➖➖➖➖➖➖➖➖➖
➡️Colleagues, I expect that the price will continue the wave “4”, after which I expect an upward movement, which will update the local maximum of 1.08952, after which we should set trades to breakeven.
➖➖➖➖➖➖➖➖➖
[IMG]


#GOLD
🔔(UPDATE) 🥇 GOLD (4H): Long to resistance area of 2402.809.
➖➖➖➖➖➖➖➖➖
➡️In any case Price has already reached the target, but as I said before, I believe that price may update the high.
The whole thing is that the nearest high of 2397 can be interpreted as a lower order wave “5” and a higher order wave “5”. But there is another option, in which the lower wave “5” ends and this impulse will be just a wave “1” of medium order. This means that the wave will make a correction and start an upward movement even stronger.
[IMG]
 
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