Hellena | Oil (4H): Short to support area at 67 (Again).Dear Colleagues, I believe that price is still in a five-wave downtrend. The mid-order wave “3” is in a small correction, but very soon the downward movement will continue.
I believe that the price has already closed the gap and may reach the resistance area of 74, then I expect the price to decline to the support area of 67.046.
There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!