Long

Hellena | Oil (4H): Long, correction to the area of 76.326.

Updated

Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this is the minimum of wave “1”.

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

Note

Can I say that the price has arrived at the target? Yes, definitely, but I believe that the price will go even higher, and we will take profit there!

Trade closed: target reached

Dear Colleagues, as I expected, the price has updated the high. This means that wave “4” is complete. And it's a wave of higher order.
Most likely the price will start a downward movement, so I consider the deal closed and wait for the beginning of the week to write a new forecast.

Note

Colleagues, the price did not just reach the target, the price made a strong impulse! So we need to revise the waves and make a new forecast!

Hellena_Trade

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