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Hellena | Oil (4H): SHORT to the area of 68.926 (Wave C).

2565
Colleagues, price has worked the downward movement perfectly, but I believe the downward movement is not over yet.
Wave “C” is a five-wave wave and now the price is in the correction of wave “4”.
I expect the price to reach the downtrend line in the area of 72.00 level, then I expect the price to decline to the area of 68.926.

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Dagangan aktif
Price has shown good downward impulse and now I think this impulse will continue. Therefore, I think that we should not expect a strong correction.
Nota
Colleagues, the price is completing wave “4” and I believe that we should look for a pattern on the downside. wave “5” is not completed, although some may say that they see the minimum of wave “5” at 70.272, but I believe that the minimum will be lower.
Therefore, I continue to consider short positions.
Nota
Colleagues, the price reached the resistance area and we saw a reaction. The price bounced quite actively from this level and I assume that the downward movement will continue. I am only considering short positions.
Nota
Colleagues, the price has updated the level of 70.297 and I believe that after a small correction the downward movement may continue. At this stage I recommend that the trade should be set trades to breakeven.
Nota
The price is making a small correction and I believe it will continue its downward movement very soon.
Perhaps the correction will stop after reaching the downward trend line in the area of 71.00 level.
Dagangan ditutup: sasaran tercapai
Well done!

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