Hellena | Oil (4H): LONG to the area of the maximum of wave “A”.

قبل ٦ أيام

Colleagues, the past forecast has not been canceled, but I see some changes and therefore feel it is necessary to make a fresh forecast.
Apparently, the corrective wave “B” has extended to the area of 57.930. This is quite close to the low of wave “C” at 56.408 and the price should not update it, otherwise there will be a full-fledged break of the structure.
In connection with the above, I think that the price is already completing the downward movement and I expect the resumption of the upward movement at least to the area of the maximum of wave “A” - 62.990.

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

أول أمس

ملاحظة

Price is showing a reaction to the 57.93 area, but I would like to see the level reach at least 60.10 to add confidence to the upside.
At this point, a wave “B” low update is possible and that's fine.
We are waiting for the movement to develop.