Hellena | Oil (4H): Long to 50% Fibo lvl 74.32.
Updated
Dear Colleagues. The price has shown strong momentum. In the coming week I assume that the price will start an upward movement, as a result of which I expect the price in the area of 50% Fibonacci level 74.32.
Last week's strong movement makes us re-draw the waves, but for this the price should make a correction to our target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Last week's strong movement makes us re-draw the waves, but for this the price should make a correction to our target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
The price tested the support area at 71.21 and immediately started an upward movement. At the moment the price is at the level of 72.89 and I expect that the movement to the target will continue. I recommend to move trades to breakeven.Trade closed: target reached
Well done!
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