Hellena | Oil (4H): SHORT to the area of 67,037 (Wave C).
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!
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!
Trade active
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. Note
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. 
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✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.