Wickoff and Dow Theory combined...
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Comment:
I mean Wycoff
Comment:
Yes
Comment:
Demand look very strong but even with momentum in their climax is not going any higher...Tomorrow will confirm is phase d is about to start
Comment:
We are in phase D and bull will retest the last point of supply $46
Comment:
The big crash was not so big but Roma was not burn in one day.
The 4hours has room to grow if Api Report is bullish but is also ready for a bigger dump if things get out of hand because the daily momentum is going down...If you use momentum you know that sometime the buying force does not exceed the breakout from negative zone in the 4hours if the daily is negative and if the fundamental catalyst is not there today we are going into a continues selloff until the daily get into oversold territories...
How to play safe: buy golden crossover in smaller time frame 1hour for a much bigger breakout especially in the public paticipation zone and get out on the exceed zone when the 15 minutes tf is setting for a dump and the 1h tf follow....
At that point short hard and make a much bigger profit
The 4hours has room to grow if Api Report is bullish but is also ready for a bigger dump if things get out of hand because the daily momentum is going down...If you use momentum you know that sometime the buying force does not exceed the breakout from negative zone in the 4hours if the daily is negative and if the fundamental catalyst is not there today we are going into a continues selloff until the daily get into oversold territories...
How to play safe: buy golden crossover in smaller time frame 1hour for a much bigger breakout especially in the public paticipation zone and get out on the exceed zone when the 15 minutes tf is setting for a dump and the 1h tf follow....
At that point short hard and make a much bigger profit
Comment:
The law of effort vs result
47.80 with an strong momentum but failing to make a new high...this only can mean that they are unloading in anticipation of a change in a trend...Will this new supply be absorbed and if it is
$48-48.12 is a much bigger wall
47.80 with an strong momentum but failing to make a new high...this only can mean that they are unloading in anticipation of a change in a trend...Will this new supply be absorbed and if it is
$48-48.12 is a much bigger wall
Comment:
Supply absorbed and still room in the 4hours..This look like a much bigger utad test...Shorting soon againg
Trade closed manually:
At this moment. All distribution phases has been absorbed by demand 49.49.50 is a new point of control for bulls ...bullish sentiments is strong and the answer is volume profile...Volume profile show you new developing of futures strong demand areas or new supply entering the market...Adding this new tool to your chart will lead you to answers when all indicators are getting Crazy and a new trading range is developing...
Thanks to this crazy action i have learns new ways to stay ahead of the game and i will use it on my futures study's...
The big crash was not big but it really show us how strong demand really is and the pisibilities oil bulls have to take it above 54 when opec offer a better deal. Thanks for following me. This chapter has ended and a new one will begin
Thanks to this crazy action i have learns new ways to stay ahead of the game and i will use it on my futures study's...
The big crash was not big but it really show us how strong demand really is and the pisibilities oil bulls have to take it above 54 when opec offer a better deal. Thanks for following me. This chapter has ended and a new one will begin
