Buyers Failed twice this week...Guess we're going SHORT huh...?

CL1!

Yo Family I hope all is well!! Here I have developed a HIGH PROBABLE Crude Oil Set up for THE HOUSE to Capitalize on!!

Now Buyers have failed not once but twice in their attempt to create a new Daily/4Hr Swing HIGH...& With that being said, guess we going short huh...? Here's my narrative and reasoning behind my statement, vibe w/ me...

1) On March 5th, 2024 during the end of London and the beginning of NY trading sessions price entered the major Daily/4Hr Demand zone and buyers immediately entered the market & took price off like a rocket to the upside...***Now the Daily Last Swing HIGH Pricing is ($80.85) and buyers came very very close to breaking that level on March 6th, 2024 however DID NOT BREAK IT!! Sellers held their resistance and pushed price back down...

2) On March 7th, 2024 sellers pushed price all the way back down to the daily demand zone again around pricing of ($78.00) P. Barrel & once again buyers stepped back into market and took price back up to a Major Monthly Resistance Level @ ($80.00) P. Barrel and sellers immediately used that level of resistance to take the market back down...So that is twice in 1 week that buyers were unsuccessful of purging the Daily Last Swing HIGH and creating a NEW...

3) Now that sellers have pushed price back down into the Daily/4Hr Demand for the 2nd time in a very strong way it seems as if Demand is not doing it job to take out Higher Premium Supply and will eventually fail...With sellers demanding lower prices Per Barrel.
***Now here is what I am looking for to go short...

4) Being that price broke underneath Daily Support Level ($78.50) with candle closures on all the major TF's I watch; 4Hr, 1Hr and 30m I am compelled to enter Short from that level if we can get a retest and cover the high for stops...

5) Now if and when we can get the Tag SHORT then I will be targeting the next Major 4Hr support level around ($77.00) P. Barrel that we can easily catch a solid +2.5-3R % Gain depending on your management system...Also I need price to be trading underneath the Red V-wap as a cherry on the top confirmation...It's always better to trade in favor of the V-wap...IMO

6) We also have EQL's inside the 4Hr demand zone that need to be swept around ($77.55) which also gives me further confluence as to why OIL is getting ready to push lower prices Per Barrel and I want to capitalize on the move. Stay on point!!

****Remember nothing is set in stone, this is simply my narrative and prediction based on PA on the HTF's in which we all know is KING!!! That does not mean I am always rii... WE play the long-term game of probability...
Lets stay focused and disciplined no time to SLIP...
+2.5R % Gain this week....Claim it and be patient!!
#BHM500K #NewERA

Comment:

Sellers swept the SSL now we could see a higher push towards our LIMITS...Stay on point... #BHM500K

Comment:

She Came flirted with the limit but didnt give me any TAG and ran without us boys...All good thats the game of probability we play...On to the next trade!!
#BHM500K

Order cancelled:

NO TAG...Removing my LIMIT...Gr8 Setup and everything went as planned however that is simply the game of probability we choose to play