Hellena | Oil (4H): Short to 50% Fibo level 75.49.

Dear colleagues, the price resumed the impulsive upward movement. I assume that this movement is wave 1 and it will end soon. Perhaps we will see the beginning of wave 2 today from current levels, but a more conservative and favorable entry will be from the resistance area at 79.37.
In any case, I expect the price in the area of 50% Fibonacci level 75.49.

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

Comment:

At the moment the price has almost reached the target of 75.49. I expect the target to be reached today. I strongly recommend to close some positions or set trades to breakeven.

Trade closed: target reached:

Well done!