This one will be short and sweet!
The beast Gave $1.30 in longs and just about closed above 85.7 (86) in the first 4hours of Asian session today. (240122)
From the last idea it only manged to be long for $1.30 (130 pips) before dropping for a total of $5.11 (510 pips) after the $3.20 (320 pips) on Wed (190122) and $4.30 (430 pips) on Thursday.(200122)
The weak close in the box above left the door open for that short. What did we see today?
Although we saw the big fall, Price once again failed to break and close into the box below on the 4 hour TF. Instead a 4 HR Red Vector candle broke in, went down to recover the Green Vector from 14th Jan and bounced up to close back in the box that we currently find our selves in. It also gave us a chance to get a better price (82) for new longs. The last 4 hour candle of the day also closed Blue, indicating more Bullish movement.
which we have enjoyed $2 so far. We have seen many Tuesdays start a rally after a fall on a Monday so let's see how this plays out and be ready to go short if price fails at key resistances.
With the Embedded lost in the Daily and a bunch of Purple in the smaller TFs we may have had the bearish confirmation but are looking for some more Bear signals but will only be short again if Oil fails to break resistances
as we have Red Vector candles in the Hourly from 13:00 UTC running up to 85.6 and we can see a move back up there and possibly beyond in the next few days.
Good luck guys!
This is not financial advice and should be taken with a pinch of salt!
The beast Gave $1.30 in longs and just about closed above 85.7 (86) in the first 4hours of Asian session today. (240122)
From the last idea it only manged to be long for $1.30 (130 pips) before dropping for a total of $5.11 (510 pips) after the $3.20 (320 pips) on Wed (190122) and $4.30 (430 pips) on Thursday.(200122)
The weak close in the box above left the door open for that short. What did we see today?
Although we saw the big fall, Price once again failed to break and close into the box below on the 4 hour TF. Instead a 4 HR Red Vector candle broke in, went down to recover the Green Vector from 14th Jan and bounced up to close back in the box that we currently find our selves in. It also gave us a chance to get a better price (82) for new longs. The last 4 hour candle of the day also closed Blue, indicating more Bullish movement.
which we have enjoyed $2 so far. We have seen many Tuesdays start a rally after a fall on a Monday so let's see how this plays out and be ready to go short if price fails at key resistances.
With the Embedded lost in the Daily and a bunch of Purple in the smaller TFs we may have had the bearish confirmation but are looking for some more Bear signals but will only be short again if Oil fails to break resistances
as we have Red Vector candles in the Hourly from 13:00 UTC running up to 85.6 and we can see a move back up there and possibly beyond in the next few days.
Good luck guys!
This is not financial advice and should be taken with a pinch of salt!
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