Oil (4H): LONG to 38.2% Fibo area (95.90).
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Colleagues, the situation is quite complicated, and the entire analysis had to be adjusted. The coherent structure has been disrupted, but this happens from time to time, and it is far from the first time.
In such cases, it is necessary to continue the analysis until the structure becomes clear and coherent.For now, we can say for sure that the movement is impulsive and it is not over. Correction wave “4” may be over, and at the moment it would be quite logical to see the development of wave “5”, but at the same time, it is necessary to pay attention to the nearest targets. In this case, I believe that attention should be paid to the 38.2% Fibonacci level of 95.90.
I consider this target to be the most realistic and the closest.Manage your capital correctly and competently! Only enter trades based on reliable patterns!