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Hellena_Trade
Feb 14, 2024 4:59 AM

Hellena | Oil (4H): Short to 50% Fibo level 75.49. Short

WTI CRUDE OILTVC

Description

Dear colleagues, the price resumed the impulsive upward movement. I assume that this movement is wave 1 and it will end soon. Perhaps we will see the beginning of wave 2 today from current levels, but a more conservative and favorable entry will be from the resistance area at 79.37.
In any case, I expect the price in the area of 50% Fibonacci level 75.49.

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

Comment

At the moment the price has almost reached the target of 75.49. I expect the target to be reached today. I strongly recommend to close some positions or set trades to breakeven.

Trade closed: target reached

Well done!
Comments
PM_Gifted
I think it can still hit your initial target of 71.21
Hellena_Trade
@PM_Gifted, I didn't make that forecast) But I was thinking about it too)
Kasim_Ki
1D chart double top and bearish RSI divergence
nofiljalbani
Hi, any update?
Hellena_Trade
Your opinion is important to me. If you have any thoughts or observations about this trading setup, please share them!
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