Hellena | Oil (4H): SHORT to the 70.00 support area.

Colleagues, the situation is quite complicated, so I assume that the price is in a combined correction. At the moment I expect the completion of wave “B” in the 77.00 area, then the completion of wave “C” in the 70.00 support area.
Complex compound corrections are always quite unpredictable, so I recommend not to forget about SL and lot calculation.

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

Trade active

The price broke the level of 72.990 and it means that I expect the downward movement to continue, although the correction to the area of 75.00 is quite possible.

Note

The price was reaching the level of 71.56 and this is almost the target level I am predicting. But at the moment we will have another opportunity to enter a short position after the correction.

Note

Price is approaching the target, so I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
A slight correction is still possible, so it will be possible to go short.

Note

Colleagues, I believe that this week the downward movement will be completed and the target will be finally reached. We may see a small correction.

Note

Colleagues, now is a great opportunity to catch the downward movement! I think that from this area of 74.00 the price will continue the downward movement and this is a great opportunity to make money.

Trade closed: target reached

Well done! I believe that all deals can be closed.

Hellena_Trade

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Hellena_Trade

✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader

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