Confirmed 4Hr Swing Bullish (BOS.X) Can we SHORT the Pullback..?
CL1!
'Obstacles we jump on top of those, under no circumstance will we be stopped. We aiming for Excellence!!'
-Management500K
Family I hope we all are doing well in our individual lives and growing day by day...
In this CL Narrative I have developed, I will be breaking down why I believe the HOUSE can CAPITALIZE on a Counter Trend Pullback due to a confirmed 4HR Swing BOS.X to the UPSIDE...
***In my experience the market has to correct itself due to both parties having equal fair play. Buyers and Sellers that is...So when we have a confirmed 4Hr Swing BOS.X Topside, then I know the market will have a pullback as a corrective state then continue in the given trend direction wether it be LONG or SHORT...However in this exact case the trend is BULLISH but we are looking to capitalize on the SHORT PULLBACK....Here's what i'll be looking for vibe w/me...
1) Price is currently trading inside a HIGHER TF Daily Supply Zone...I want sellers to enter the market with strength & dominance & push the price of OIL down and break the Minor Support Level around ($80.40) and then break the 1Hr Demand Zone around ($80.25) with confirmed candle closures underneath both levels on the 30M TF Down....***If and when we can get the 2 levels of Support and Demand to fail with candle closures underneath, then this will be our 1st and 2nd confirmations to get ready SHORT...Also price needs to be trading underneath the RED V-Wap as a final confirmation to enter as well.
2) Once Sellers push price down& break & close underneath 1Hr Demand that will be all the confirmation I need to enter the Market SHORT on the retest of the Minor Support Level that failed previously around ($80.40) and target the 4Hr Swing EQ level...***Remember the whole point of demand is to push for higher pricing and break any form of SUPPLY in its way... Now if the 1Hr demand fails then that means the HIGHER TF DAILY SUPPLY is currently in control with the strong dominant hand & that is the hand we are looking to play along with and CAPITALIZE!
3) So if and when PA can give us the following sequence of events to take place; Where we can get the 2 levels of Support and Demand to fail with candle closures underneath, then this will be our 1st and 2nd confirmations to get ready & enter the market SHORT...As Daily Supply will be in control with the strong Hand and we will look to participate with this move on a LTF entry model....
Now the HOUSE can easily catch a solid +2-3R % Gain on this trade depending on your management system...
***Remember nothing in the market is set in stone, We play the Long-term game of probabilities...Let's stay focused and on point... Always Protect the HOUSE and trade the SYSTEM w/ NO EMOTION!!!
Now lets sit back N stalk like the SALTWATER CROC!
#BHM500K #NewERA
Comment:
LTF confirmation that I want to see is a failure of the 4HR demand with confirmed candle closures on the 30m TF down....Lets stay focused and on POINT!
-Management500K
-Management500K
Comment:
($80.40) Is the price I want to see sellers push price under and close then ill be interested in SHORTING... -Management500K
Comment:
We are receiving a beautiful rejection candle on the 1Hr TF...
Lets stay focused...#500K
Lets stay focused...#500K
Comment:
We just received confirmation....Let's stay focused!
#500K
#500K
Comment:
We have a confirmed 30&15m candle closure break underneath Demand & Minor Support Levels...My limit is set covering NY HIGH for STOP....Lets be patient and wait for the TAG...Also we are trading underneath the RED V-Wap as a final confirmation for this SHORT set up...
#BHM500K #NewERA
#BHM500K #NewERA
Trade active:
WE got the TAG...Now we Manage Professionally w/ NO EMOTION...We will trade our System! -Management500K
Trade active:
PA running smooth, So far...This is a game of patience...I want the see failure of the 1Hr Demand and closure underneath 1Hr CHoCh Level ($80.70)...Lets continue to Manage Professionally...We Trade OUR system and nothing else!!!
#BHM500K #NewERA
#BHM500K #NewERA
Trade active:
I want to see the hard candle closure underneath ($81.00) Per. Barrell...Lets stay Focused and Manage this trade Professionally...
#500K
#500K
Trade active:
Extended my stop just above the High to let the trade breathe just a bit...
As buyers are defending the 1Hr Demand currently, Lets be patient and continue to stay focused and Manage as Professionals... -Management500K
As buyers are defending the 1Hr Demand currently, Lets be patient and continue to stay focused and Manage as Professionals... -Management500K
Comment:
We have officially received confirmation to move position to Breakeven....Now we continue to Manage Professionally!!
#BHM500K
#BHM500K
Trade active:
Buyers are defending ($81.00) Per barrel rii now, my stop is set at ($81.40), Lets see if we can get sellers to take the dominate hand and break under ($81.00) Per barrel & push towards our target ($80.00) Per Barrel... Remember this is a game of SKILL and PROBABILITY...Let's stay focused and Manage Professionally...
#500K
#500K
Trade active:
Sellers Stepped in and took the dominate hand and we are pushing lower towards our target ($80.00) Per Barrel. I have trailed my stop the the last 15m HIGH... Lets stay focused.... -Management500K
Comment:
Trailed My STOP to ($81.00) Per Barrel...Which is around 65 pts away from where the market is trading currently...#500K
Comment:
Partialed and took off 1 contract...
Trade closed: stop reached:
Stop Were Hit and WE made Profit...I have no complaints, We managed to the best of our abilities...On to the next trade #500K
#500K