Hellena | Oil (4H): LONG to area of 82.000 (Wave "5").

Jan 21

Colleagues, all trading instruments are behaving extremely unpredictably right now due to the situation with Trump's inauguration among other things.
I see this as an opportunity to redraw the waves.
Apparently now the price is developing wave “4” and will finish it soon. I expect the price to reach the area of 82.000, renewing the high of wave “3”.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Jan 22

Trade active

The price is approaching the support area at 75.570 and I believe that it is worth to start considering long positions, as there is a high probability of an upward movement. In any case, the correction in wave 4 should not be too big.

5 days ago

Note

Well, the price broke through the support area and now we are seeing a small correction.
If someone has just entered a long position, I would recommend to hold it until the price reaches the range from 76.00-78.00 and then should set trades to breakeven, because there is a possibility that the price will continue the downward movement.

4 days ago

Note

Colleagues, I expect the upward movement to continue and every time I remind you that I expect a possible reversal in the area of 76.00-78.00.

3 days ago

Note

The price continues to decline and I am starting to believe that it will not reach the target. Now I would close positions at zero, but for this to happen the price must return to the level of 76 at least.