Hellena | Oil (4H): Short to support area at 72.299.
Updated
Well, colleagues, the price did not stop and continued its upward movement. At the moment, I understand that the price should turn around and start the long-awaited continuation of the downward movement.
I believe that wave 2 should end in the area of 79.338 or it has already ended and the downward movement has already started.
In any case, I see the first target is the support area at 72.299.
This scenario will be canceled by reaching the level of 84.601, as this is the top of the wave “2” of the higher order, which means that the wave movement needs to be reconsidered.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I believe that wave 2 should end in the area of 79.338 or it has already ended and the downward movement has already started.
In any case, I see the first target is the support area at 72.299.
This scenario will be canceled by reaching the level of 84.601, as this is the top of the wave “2” of the higher order, which means that the wave movement needs to be reconsidered.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Friends, the price has rapidly started a downward movement. I think that it will not update the maximum of 78.823 and after a small correction it will continue its downward movement.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade closed: target reached
Well done!
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