Hellena | Oil (4H): Long to resistance area 87.89.

Dear Colleagues, The price continued downward further than I thought it would. I believe that wave C may reach the support area of 81.94, then I expect the price to rise. The nearest target is the resistance area at 87.89.

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

הערה:

I'm expecting an update of the low. The price quickly reached the area of long positions set. I see the area of long position set.

הערה:

The idea is still valid. I assume that renewal of the minimum is possible and I consider only long positions with the aim to reach the area of 87.89.

הערה:

This week I expect the price to reach the target of 87.89. I recommend to close part of positions or transfer trades to breakeven.

הערה:

Well done!
Due to the situation in the Middle East, the price is behaving uncertainly. At the moment I think it is worth closing positions with an excellent profit of 500 points. I recommend to refrain from new trades until the price starts to move steadily.