TreyHighPwr

High Probable opportunity For The HOUSE to SHORT OIL...?

Short
TreyHighPwr Updated   
NYMEX:CL1!   Light Crude Oil Futures
CL1!
I believe we have a High Probable Set-Up to Short OIL around $80/Per Gallon...
Here is my reasoning why...!! Rock w/ me!

1) As we all know HTF is king... SO on the the 4Hr TF we got a huge rejection candle around $80/ P. Gallon for OIL... Indication very Strong level of sellers at that LEVEL...Creating a strong Resistance for buyers to break past!

2) Price seems to just have swept the high of the 4Hr Supply Zone and continued to work its way back down as sellers were very aggressive towards the end of todays NY session...
***For a min. I thought buyers were targeting the 4Hr LSH and Mitigate the Daily Supply Zone above and create a new 4Hr High... However Sellers came in very very strong & took the market rii back down. Even the way PA is set up on the 1Hr TF indicates that the move up was manipulation for buyers to keep buying...(IMO)

3) Now here is what I am looking for to go short on the particular asset... We have a beautiful formed Doji/Indecision candle on both the 1Hr and 30m TF that I am very interested in shorting from...

4) Being that price broke and close underneath the Strong Psychological Level of $80/ P. Gallon on all the major TF I watch (4Hr, 1Hr & 30m) and PA is trading underneath the Red V-wap... That is all the confirmation I need to short from the 30m Supply zone created and covering the high..

5) What makes this trade even more HIGH PROBABLE is on the HTF, the 4Hr had a huge rejection candle to the upside where sellers denied the break of the 4Hr HIGH and pushed price back down and closed under $80/ P. Gallon level...

6) Being that we already received all of our confirmation to enter I am simply just waiting for the TAG... Let's be patient and be ready to manage as professionals if and when the market Tags us SHORT!!

****Remember nothing in the market is for certain, WE play the long-term game of high probabilities. This is simply my perception and outlook on this asset!
Now lets sit back N stalk like the Saltwater CROC!!
+2.5R % Gain this week! It's been spoken!!
#BHM500K #NewERA
Order cancelled:
NO TAG...Removed my Limit...On to the next 1
Stay focused!

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