Hellena | Oil (4H): Long to resistance area 87.89.
Dear Colleagues, The price continued downward further than I thought it would. I believe that wave C may reach the support area of 81.94, then I expect the price to rise. The nearest target is the resistance area at 87.89.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Comment:
I'm expecting an update of the low. The price quickly reached the area of long positions set. I see the area of long position set.
Comment:
The idea is still valid. I assume that renewal of the minimum is possible and I consider only long positions with the aim to reach the area of 87.89.
Comment:
This week I expect the price to reach the target of 87.89. I recommend to close part of positions or transfer trades to breakeven.
Comment:
Well done!
Due to the situation in the Middle East, the price is behaving uncertainly. At the moment I think it is worth closing positions with an excellent profit of 500 points. I recommend to refrain from new trades until the price starts to move steadily.
Due to the situation in the Middle East, the price is behaving uncertainly. At the moment I think it is worth closing positions with an excellent profit of 500 points. I recommend to refrain from new trades until the price starts to move steadily.