📊 Market Context & Pattern Recognition
Asset/Timeframe: WTI Crude Oil (TVC) — 45-Minute (45m) Chart.
Current Price: $97.99 USD.
Pattern: Support Sweep & Market Structure Shift. Price dipped aggressively below prior structures into a horizontal demand zone labeled "Resistance" (acting as flipped support around $96.80) before rapidly snapping back up.
Indicators: Following previous structural shifts like ChoCH (Change of Character) and BOS (Break of Structure), the current price action is mapping out a structural double bottom or higher-low framework. The projected zigzag paths point toward a steady reclamation of the immediate overhead Ichimoku cloud layers.
📉 Key Levels Identified on Chart
1. Entry / Support Zone
Range: $97.50 – $98.10
Significance: This region marks the immediate post-rejection consolidation base. Buyers are actively defending the major blue horizontal line at $97.99 to build an accumulation block.
2. Take Profit Targets
Target 1 (Immediate): $99.88
Significance: Indicated by the prominent red price flag and local resistance box. This represents the immediate structural baseline and recent breakdown point where sellers will likely defend.
Target 2 (Main Target): $101.50 – $102.00
Significance: Projected by the twin black upward extension arrows. This targets the major supply zone sitting right near the previous BOS line and the upper multi-day resistance clusters.
3. Invalidation (Stop Loss)
Level: $96.20
Significance: A clean 45-minute candle close below the absolute swing low spike ($96.40) invalidates this bullish recovery path, opening up deeper downside exploration.
Asset/Timeframe: WTI Crude Oil (TVC) — 45-Minute (45m) Chart.
Current Price: $97.99 USD.
Pattern: Support Sweep & Market Structure Shift. Price dipped aggressively below prior structures into a horizontal demand zone labeled "Resistance" (acting as flipped support around $96.80) before rapidly snapping back up.
Indicators: Following previous structural shifts like ChoCH (Change of Character) and BOS (Break of Structure), the current price action is mapping out a structural double bottom or higher-low framework. The projected zigzag paths point toward a steady reclamation of the immediate overhead Ichimoku cloud layers.
📉 Key Levels Identified on Chart
1. Entry / Support Zone
Range: $97.50 – $98.10
Significance: This region marks the immediate post-rejection consolidation base. Buyers are actively defending the major blue horizontal line at $97.99 to build an accumulation block.
2. Take Profit Targets
Target 1 (Immediate): $99.88
Significance: Indicated by the prominent red price flag and local resistance box. This represents the immediate structural baseline and recent breakdown point where sellers will likely defend.
Target 2 (Main Target): $101.50 – $102.00
Significance: Projected by the twin black upward extension arrows. This targets the major supply zone sitting right near the previous BOS line and the upper multi-day resistance clusters.
3. Invalidation (Stop Loss)
Level: $96.20
Significance: A clean 45-minute candle close below the absolute swing low spike ($96.40) invalidates this bullish recovery path, opening up deeper downside exploration.
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Click the 🌐Icon to join our telegram channel 📊 Daily XAUUSD(Gold) &Forex Market Analysis 💯Key Levels🎯 Focused on Risk Management ❤️🔥
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
