The following are trades setup ideas in 15 mins chart for Crude Oil Futures.
There are 2 distinctive dotted lines labeled as 1. AI's Intraday Resistance 2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
Short Setup If price action closed below the AI's Intraday Resistance line AND continue to show weakness below the AI's Intraday Resistance line AND Pivot Point R1 line AND eventually retested/closed below the AI's Intraday Resistance line, the idea is to short and take profit at Pivot Point S2 price region.
And/Or
Range Setup If price action closed below the AI's Intraday Resistance line AND continue to demonstrate weakness below the AI's Intraday Resistance line, the idea is to short and take profit at AI's Intraday Support line region.
Traders that took the Short setup could use the Range play setup as partial profit taking.
Traders could play a reversal intraday trade should price action rejected the low price at the AI's Intraday Support line by either an inverted hammerhead candle pattern or a bullish engulfing candle by taking a long trade. Profit target could be at the AI's Intraday Resistance line.
Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.
This is highly recommended to trade during Europe and US market hours for liquidity and volume for this product.
Comment
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No trade trigger. CL continue to demonstrate bullish sentiment.
Partial profit taking. Crude oil in the broader timeframe is still bullish, remaining 2 lots open position may be closed manually at AI's Intraday Support line.