Hellena | Oil (4H): Long to resistance area of 88.00.
Dear Colleagues, we expected the price to decline, but it seems that the upward movement is not over yet.
I expect the completion of wave "5", then a corrective movement in wave "B" of higher order in the area of 38.2% - 50% Fibonacci levels (83.62), after which I will consider only long positions to the resistance area of 88.00.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I expect the completion of wave "5", then a corrective movement in wave "B" of higher order in the area of 38.2% - 50% Fibonacci levels (83.62), after which I will consider only long positions to the resistance area of 88.00.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Comment:
Dear colleagues, the price is close to the target of 88.00. Perhaps wave "B" has already taken place, just a bit shorter than we thought! I recommend to set trades to breakeven!
Comment:
Colleagues, the price has almost reached the target. If you managed to close your positions, congratulations! But if not, I expect the scenario to end, but I strongly recommend to set trades to breakeven!
Comment:
I expect the price to continue moving towards the target. Be careful, now the market is extremely unstable. Possible correction to the area of 85.5.
Comment:
Dear Colleagues, there is a possibility that wave 3 has actually gone farther than I have plotted. This means that the forecast is even more likely to come to fruition! This means that wave 5 is not yet complete and I expect that an update of the local low of 84.64 is possible.
Comment:
Colleagues, I expect that by the end of the week the forecast will be realized and the price will come to the target. In any case, I do not consider short positions, even if the price once again goes into correction.
Comment:
Dear colleagues, the price has already touched the resistance area and I closed some positions, but I did not close the forecast, because I expect to see the price again at the target level of 87.95. Don't forget to put your trades to breakeven!
Comment:
Surprisingly, price once again gave us a chance to enter a long position. At the moment it was the level of 84.00. I expect the upward movement to continue.
Comment:
It is quite possible that we have seen a correction and now we are seeing the beginning of a new momentum. I need confirmation in the form of an update of the local high of 86.16, then I will draw new wave markers!