Hellena | Oil (4H): Long to resistance area of 74.15.

Dear colleagues, after analyzing the chart I realized that wave 5 has either already ended or will end soon. The price can still reach the support area of 68.06, but I will consider only long positions with the aim to reach the resistance area of 74.15.

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

Comment:

Dear Colleagues, the price has passed the halfway point. In the coming week, I expect the upward movement to continue towards the target of 74.00. There may be a small correction, so if you have not entered a long position, you will have a good opportunity!

Comment:

Dear Colleagues, at the moment I am not sure that the price will definitely reach the target. You can take profit in the form of 170 points or be sure to move the trade to breakeven. Follow the updates of the idea!

Trade closed: target reached:

I close my long positions with a good profit of 380 Points. the end of the week and unstable news background impose certain risks on the deal.