Can the HOUSE CAPITALIZE on this Market Correction Short...?
CL1!
A wise man once if you're easily offended then you're easily manipulated...
Good Afternoon Family I hope this week has been good to yu all... This will be a short description/narrative on why I believe we may be able to capitalize on this counter trend SHORT on OIL after we Mitigate this Daily Supply Zone a little deeper IMO>>> Vibe w/ me!
1) I want to see buyers continue to push for higher pricing and sweep the Last Current High which is ($87.22) and then fall off a cliff...
2) We have a major indecision candle on the 1Hr TF and the low pricing of that candle is ($86.45) which will cause a 1Hr CHoCh if broken... ***This is the major confirmation I will need to see with a confirmed candle closure under the 1Hr indecision candle on the 30m TF & below... Once we receive this confirmation i'm all in with the risk, covering the high for my stop....
3) On the LTF we have a 15m Demand Zone that I need to see broken by strong sellers and cause the 1Hr CHoCh level to be broken ($86.45).... If we can get this sequence of events to happen then I'll enter SHORT for the HOUSE TO CAPITALIZE ON....***Also price needs to be trading underneath the RED V-Wap as a last min. cherry on the top Confirmation. Its always a higher probable trade when we are in favor of the Vwap...IMO>>>>>
Overall Price has mitigated a HTF Daily Supply Zone & we're looking to CAPITALIZE on the Market Correction SHORT...Which is essentially a Counter Trend SHORT>>> So we need to be highly skilled in our entry price and even more skilled with our Target/Exit to CAPTALIZE on PROFITABILITY!!!
Remember nothing in the market is set in stone. WE play the long-term game of probability!!
Now lets sit back N stalk like the Saltwater CROC!!
Its time to REACH EXCELLENCE!!!
#BHM500K #NewERA #CHAMPIONS
Comment:
I want to see price sweep the High 1st....
Comment:
Demand has failed....However I am still not ready to set my limit until I can get a candle closure underneath with strong conviction from sellers wanting to push lower....Let's stay focused!! #500K
Comment:
We got a 30m Candle closure underneath Demand and the 1Hr CHoCh level ($86.43) That I wanted to see, I have now set my limit on a 5m LTF failed resistance level covering London High for my stop and targeting ($85.50) Per Barrel which is around the EQ level of the overall HTF ZONE...
Trade active:
We got the Tag.....Lets see how this plays out...Remember we trade our system w/ no emotion!! #BHM500K
Trade closed: stop reached:
Stop Hit....All good still was a gr8 trade IMO>>>> On to the next set-up...Its apart of the game we play "Probability" #BHM500K
Comment:
Price is sweeping the High as I predicted....I was just to early for the move all good. We can still catch it...Ill await patiently for next week.