Hellena | Oil (4H): Long to resistance area 81.85.

Dear Colleagues, price has strongly updated the low, completing wave 2. I suppose that the price can still make a small correction, but I put the target in the same place as last time - resistance area 81.85.

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

Comment:

Dear colleagues, perhaps the price will not test the support area 77.89 and will continue the upward movement, but I recommend to consider only long positions. The price is showing strong upward sentiment and is moving in line with the forecast.

Comment:

Dear colleagues, the price is testing the support area at 77.89 and I assume that the price may correct to 77.00. This does not mean that the forecast is canceled, I still assume price growth, but maybe wave 2 will be a little longer.

Comment:

As I suspected, the price has updated the low, but my forecast is still valid. I still believe that the price will start its movement to the target 81.85.

Trade closed: target reached:

Well done!
Dear colleagues, I am closing a long position with a good profit.