Hellena | Oil (4H): Long to 100% Fibo lvl 81.85.
Dear colleagues, earlier I wanted to write a forecast with a deep correction, but after reviewing the data I suppose that the price will go higher. I assume that it will be wave 2, but for now I expect a small correction to the support area of 78.88. Then I expect an upward movement to the area of 100% Fibonacci extension at 81.85.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Commentaire:
Dear colleagues, the price has reached the support area at 78.88. I suppose that wave 2 is either over or will be over soon. The price may reach the level of 78.00, but from this point I consider only long positions.
