Hellena | Oil (4H): Long to resistance area 79.37 (Wave C).

26 Jan 2024

Dear Colleagues, after a long analysis, I suggest that the upward movement is not over yet. At the moment I suppose that the price is in wave C and should update the maximum of wave A 76.00, but to do this is not easy. The price should meet resistance and I see such a level - it is the resistance area at 79.37. I suppose that the price can make a small correction before the upward movement.

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

28 Jan 2024

Nota

The price successfully tested the support area of 75.95 and resumed the upward movement. In the coming week, I expect the upward movement to continue towards the target of 79.37. I also advise to put trades to breakeven to reduce losses in case the price does not go in our direction.

29 Jan 2024

Dagangan ditutup: sasaran tercapai

Well done!