1️⃣ Price Structure: Sideways to Bullish 🟢 Structure Initial Behavior: Choch Bearish 🟢 Move: Corrective 🟢 Inducement: Done 🟢 Pull Back Count: 1st 1st OB mitigated Extreme OB unmitigated Touch count 4, breakout from the range
2️⃣ Pattern 🟢TREND LINES: Act as Support 🟢CHART PATTERNS:
Flag: Signaling Continuation Triple Bottom: Indicates a potential move to the long side Rectangle Breakout: Confirms bullish sentiment Fakeout: Strong demand signals after the breakout CIP: Holding at rectangle resistance, now acting as support Buildup: Bullish momentum after the rectangle breakout 🟢 CANDLE PATTERNS:
Record Session Count: 7 buy candles, transitioning to sideways during buildup Change in Guard: Noted at the end of the record session count Momentum (Engulfing): Indicates potential bullish continuation Engulfing: Classic bullish pattern at the bottom Good Momentum: Observed at rectangle breakout Narrow Range 4: Bullish breakout during the buildup phase Inside Bar: Current candle forming, confirmation needed at closing Todays Open High: Sustained for 4 hours 3️⃣ Volumes 4️⃣ Momentum RSI: 🟢 Zone: Superbullish yet 🟢 Range Shift: Sideways to Bullish 🟢 Divergence: Hidden 5-candle divergence indicates loss of momentum
5️⃣ Volatility Bollinger Bands:
Middle Band S/R: Strong support Squeez: 60 candles in range, poised for a breakout inside the bulls Squeez Breakout, Outside Upper Band: Bulls showing strength Headfake: Price closed outside the lower band multiple times but quickly bounced back M Pattern: 2nd leg forming, potential small correction toward middle band support Open with Gap and Equal High: May indicate a correction 6️⃣ Strength ADX: Main line under 20 shows overall consolidation, but bulls have some power
7️⃣ Sentiment ROC: Rate of change for oil is in demand compared to all other commodities according to available data
✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Current Move: Impulsive, waiting for a valid high after corrective move ✔ Support Resistance Base: Hourly trendline and wick OB area acting as strong support ☑️ Candles Behavior: (to be monitored after correction) ☑️ FIB Trigger Event: Not yet ☑️ Trend Line Breakout: Not yet
☑️ Final Comments: Awaiting correction completion before considering buy position
💡 Decision: Buy 🚀 Entry: 75 ✋ Stop Loss: 73.5 🎯 Take Profit: 81.54 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 15 days