Hellena | Oil (4H): Short to support area 88.00 (Wave 4).

Dear Colleagues. After last week I had to completely revise the Elliott Wave markup. Most likely, the upward movement is not yet complete. I expect a corrective wave 4 to the support area of 88.00, followed by an impulsive wave 5, which will reach at least the nearest upper level of 92.00.

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Comment:

I think wave 3 is complete. I expect a correction of wave 4.

Trade closed manually:

I propose to close short trades early with a nice profit! There is a probability that the price will continue the uptrend!