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Hellena | Oil (4H): SHORT to support area of 58.00.

3 033
Colleagues, the previous forecast did not meet expectations for too long, and the price has been in a prolonged sideways movement.
In this regard, I decided to slightly revise the waves and make a new forecast.
At the moment, I believe that the price will resume its downward movement in the medium-term wave “3.” The complex configuration of the correction makes it difficult to fully understand whether it is a combined correction or a five-wave movement.
In either case, I expect the price to reach the support area of 58.00.

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Colleagues, the price is on an upward trend, which means that we are seeing a combined correction.
I understand that this does not quite fit into the forecast, but I believe that now is the time to look at short positions.
The price may reach the level of 66-67, but I would still prefer to consider short positions.

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