UDSWTI SHORT on Order Flow - Follow the smart money!
Strong Bearish Signal:
The price showed a sharp fall supported by the large institutional volume and broke down the previous support level. Moreover, the large negative delta implies that sellers were dominating the market.
Volume Zones:
We need to point out new level of resistance, which contains large market participants volume and was created during this move from 55.60.
Sentiment:
This indicator shows that 81% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a27/1906/61/334cb378c57a.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a slight upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 200 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price showed a sharp fall supported by the large institutional volume and broke down the previous support level. Moreover, the large negative delta implies that sellers were dominating the market.
Volume Zones:
We need to point out new level of resistance, which contains large market participants volume and was created during this move from 55.60.
Sentiment:
This indicator shows that 81% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://a.radikal.ru/a27/1906/61/334cb378c57a.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a slight upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 200 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
