Hellena | Oil (4H): SHORT to the area of 65.268.

Colleagues, I believe that the downward movement is not over yet, and now the price is in a complex combined correction. The second correction also consists of “ABC” waves.
In an ideal scenario, the price completes wave “C” in the 70.000 area and starts the downward movement to the support area of 65.268.
In general, the plan has not changed since the last forecast, but the bulls still have strength, so we should take the upward movement as an opportunity to profitably go short.

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

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The price has reached the resistance area of 69.978 and I believe that this may not be the end of the movement and the price may even reach the level of 71.000. But it is already possible to look at short positions and be on the lookout. The downward movement may start soon.

Note

Colleagues, I assume that we will see a downward movement in the coming week. We need to be very careful, because it is quite possible that this correction is a combined one. In this case, I would set trades to breakeven when the 67-68 level is reached.

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Hellena | Oil (4H): SHORT to the area of 64.00 (Wave C).

by Hellena_Trade

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