Hellena | Oil (4H): Short to area of 50% Fibo lvl of 71.500.
Colleagues, I believe that price is ending a five-wave upward movement and a correction is about to begin. I expect the price to renew the nearest high and reach the area of 75.500, after which it will start a correction to the area of 50% Fibonacci level of 71.500.
It may well be that the price will immediately start a downward movement and it will mean that wave “C” is already completed.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
It may well be that the price will immediately start a downward movement and it will mean that wave “C” is already completed.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
Colleagues, the price continues the upward movement and I believe that this means that wave “3” turned out to be much longer, but still I do not rule out a corrective movement. Well, in this case we will be able to take the order to 0.
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