Hellena | Oil (4H): SHORT to support area of 63.000.

Colleagues, I believe that wave “B” has formed at the level of 69.938, and now we expect the downward movement to continue with the aim of completing wave ‘C’ of the middle order and wave “2” of the higher order in the support area of 63,000.
It is quite possible that the price could reach the 60,000 level, but I think that for now it is worth focusing on the nearest targets.

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The forecast has been delayed a little, which may mean that wave “B” is not over yet. At the moment, the price is in a controversial position, and I admit the possibility that the price may rise again to the 70-71 range.
Overall, the forecast remains the same—SHORT.
Even if the price reaches the 71 range again, I expect a further decline.

4 days ago

Note

It seems that the price is forming a certain corridor, a flat. I see the range within 68.865 - 65.833.
To a large extent, I expect the range to be broken in the direction of the target, but perhaps the bears need to gather strength, so I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Hellena_Trade

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Hellena_Trade

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