Hellena | Oil (4H): LONG to the area of the maximum of wave “A”.
Colleagues, the past forecast has not been canceled, but I see some changes and therefore feel it is necessary to make a fresh forecast.
Apparently, the corrective wave “B” has extended to the area of 57.930. This is quite close to the low of wave “C” at 56.408 and the price should not update it, otherwise there will be a full-fledged break of the structure.
In connection with the above, I think that the price is already completing the downward movement and I expect the resumption of the upward movement at least to the area of the maximum of wave “A” - 62.990.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Apparently, the corrective wave “B” has extended to the area of 57.930. This is quite close to the low of wave “C” at 56.408 and the price should not update it, otherwise there will be a full-fledged break of the structure.
In connection with the above, I think that the price is already completing the downward movement and I expect the resumption of the upward movement at least to the area of the maximum of wave “A” - 62.990.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Nota
Price is showing a reaction to the 57.93 area, but I would like to see the level reach at least 60.10 to add confidence to the upside. At this point, a wave “B” low update is possible and that's fine.
We are waiting for the movement to develop.
Operación activa
The price was in a small price range, but the level of 59 was overcome and it means that the bulls are starting to show strength. Further I expect to reach level 61, where we will set trades to breakeven.
Nota
Price is at 59.8, and that's a pretty strong level that may not play on our side. The point is that wave “B” may extend a bit further than the area of 57.9. We need confirmation of the continuation of the upward movement in the form of updating the level of 60.9, at least.Therefore, I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
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✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX
🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.