Hellena | Oil (4H): Short to support area 88.00 (Wave 4).
Dear Colleagues. After last week I had to completely revise the Elliott Wave markup. Most likely, the upward movement is not yet complete. I expect a corrective wave 4 to the support area of 88.00, followed by an impulsive wave 5, which will reach at least the nearest upper level of 92.00.
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:
I think wave 3 is complete. I expect a correction of wave 4.
Trade fermée manuellement:
I propose to close short trades early with a nice profit! There is a probability that the price will continue the uptrend!