Hellena | Oil (4H): SHORT to the area of 67,037 (Wave C).

27 Feb

The price is still in a downtrend and I believe that before the price starts an upward movement it needs to complete a big “ABC” correction and a small five-wave formation.
I think the price will reach the level of 67,037. This level is quite important, because in its area we need to look carefully for reversal patterns.

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

28 Feb

Dagangan aktif

At the moment the price is in the resistance area and this is the top of wave “4”. Perhaps the price will stay near the level of 70.40 for a while, but in general I consider short positions.

3 Mac

Nota

I believe that the price can still rise to the descending trend line to the area of 71.00 level, but still the descending movement is the priority, so I still consider only short positions.

4 Mac

Nota

Well, the price has gone most of the way I believe that after a small correction it will reach the target.
I recommend to set the trade to breakeven.
(Breakeven = no risk: moving the stop loss to the entry level).

5 Mac

Dagangan ditutup: sasaran tercapai

Well done!