Hellena | Oil (4H): SHORT to support area 100.

Colleagues, Wave 2 has dragged on, but the bearish trend is still intact, and I expect Wave 3 to develop, which should retest the low of Wave 1 at 82.661.

However, we will be monitoring the nearest support levels, such as 100. This is a fairly strong psychological level, and a reaction from it is quite possible.

In any case, the price is currently under the fairly strong influence of geopolitical changes, but this does not negate the wave structure.

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Trade active

The price has reached its target, and I think we should keep an eye out for the possibility of a continued downtrend.

Trade closed: target reached

I think there’s room for a fresh approach to lowering prices.
Looking ahead, we could see a fairly sharp decline given the current geopolitical situation.

Hellena_Trade

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Hellena_Trade

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🟢 Contact: t.me/Hellena_FX

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