Hellena | Oil (4H): Short to support area at 67 (Wave "3").
Aktualisiert
Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips.
The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order.
I expect the price to rise a bit more to the 78 level, then I expect the price to drop to the 67 level. It will not be a quick drop, but we will be able to go short several times.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order.
I expect the price to rise a bit more to the 78 level, then I expect the price to drop to the 67 level. It will not be a quick drop, but we will be able to go short several times.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade ist aktiv
Most likely, the price will not update the level of 76.585 and will continue the downward movement. Perhaps we will see a corrective movement on which there will be an opportunity to go short again.Trade ist aktiv
Colleagues, price has paused its downward movement a bit and is in a slight consolidation.
I believe that there will be a correction to the area of 72.299, from where I will again consider short positions.
Trade ist aktiv
Colleagues, the price continues downward movement, but I assume that a deep correction to the area of 72-73 level is possible. We can close some positions at the moment and open new short positions after the correction.
In any case I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade ist aktiv
Colleagues, it looks like a major gap has formed on the chart. The price has updated the level of 68.884 and I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Most likely the price will start to close this gap, so we will have another opportunity to go short.
Trade geschlossen: Ziel wurde erreicht
Well done!
Trade ist aktiv
Despite the fact that the price reached the target, a gap was formed on the chart. And as I wrote earlier - it should close. But after it closes, I expect the downward movement to resume.
So in this idea we can once again enter a short position when we reach the area of 71,000.
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