CFDs on WTI Crude Oil
Long
Updated

Hellena | Oil (4H): Long to resistance area 79.77.

321
Dear Colleagues, as I expected the price continued wave 1. At the moment I believe that the price has started wave 2. I expect wave 2 to end in the area of 50% Fibonacci level from the first wave 75.27. After that I assume the price growth at least to the resistance area 79.77.
Of course, it is possible that wave 1 is still not over. In this case, the price will immediately reach the resistance area.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
Despite the fact that price is walking flat, I believe this will lead to a strong move this week. I expect a correction to the area of 76, then I expect the price at the target of 79.77.

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