Hellena | Oil (4H): SHORT to support area of 55.74 (Wave 5).

Colleagues, wave “4” of the minor order is ending or has already ended. As part of a major downward movement in wave ‘5’ of the major movement, I expect a downward movement in wave “5” of the minor order.
This wave should update the low of wave “3”, but I believe it is worth looking at the nearest target in the support area of 55.746.
I also allow for the possibility of reaching the 59.00 area before the price begins a downward movement.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Giao dịch đang hoạt động

There was quite active movement towards the target, and the price reached 56.746.
At the moment, we are seeing a correction, and I think that the downward movement will continue soon.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Ghi chú

The price is actively updating local lows, and I expect the target to be reached in the near future. On lower timeframes, there is a downward momentum, and the picture is looking positive so far. Now, an update of the 56.648 level is expected, followed by a further downward movement.

Đóng lệnh: đạt mục tiêu

Well done!

Hellena_Trade

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Hellena | Oil (4H): LONG to 50% Fibo lvl (58.00).

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