Hellena | Oil (4H): Short to 100% Fibo lvl 62.238.

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Colleagues! If we believe the wave pattern, the price is now in a strong impulsive downward movement.
I believe that the price will renew the lows and rush to the area of 100% Fibonacci extension to the area of 62.238.
Wave 3 lower wave should be completed there.
But we should not forget that the price is in wave 3 of the higher and middle order, which means that there are more chances for a downward movement!

There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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The price continues sideways movement in the area of the level of 70. But I still consider only short positions.
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