My Personal Narrative...
Since March 1st, 2021 Bulls have Majorly & Heavily supported price around $66.50/per barrel, creating a huge jump in price every time Sellers drove price into those waters (trying many times over the last 2 1/2yrs with no success). So for exactly 2yrs and 10mos to date Buyers have been successful at #HODLtheLINE at $66.50/per barrel. With that being said I must follow suit with #HODLtheLINE & SUPPORT the Bulls!! I will be looking to scale Longs IF & ONCE price enters this major HTF Daily Demand Zone with lower TF in sync confirmations, Targeting Higher Prices. Just my opinion, Yu feeling it or Naw...?
Shalom+
#BHM500K
https://www.tradingview.com/x/V8a9JOyt/
https://www.tradingview.com/x/T49KNu4p/
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Price has Officially mitigated the Daily Demand zone as anticipated. Now Im paying very very close attention to the 15&5m timeframes for further confirmation to enter Long. Patience Patience Patience.#BHM500K
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(Simulated Acct) Paper Trading Demonstration (Not Financial Advice) Just my idea....
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This 1Hr inside bar IMO is where true commitment from buyers started and took Oil to higher Prices. This is where I am interested in Buying the market Long. If & once price can sell back down into.....Nothing is guaranteed to me, all I can do is await for what PA gives me and I simply react to it. I can under no circumstance impose my will. Simply reacting...Now we wait and stalk like the saltwater Croc.....
#BHM500K
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#1 RULE....place the STOP where it undoubtedly invalidates the trade..... Makes it easier to digest the L if it were hit....IMONote
Ok So We are now in a different phase. Price took off last week didn't give me an entry. However this is currently what I am looking at on the 1Hr timeframe. If Price can successfully break this 1Hr high then Im entering Long targeting the next level of Minor Resistance. Roughly around 1300+ points. I am paying very very close attention to this asset.
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Remember everything about the market is case by case scenario. I have no control over what this market does. I am no genie. I simply react to what the market gives me and I manage to the best of my abilities from there on. Here's to a great week of management!Shalom+
#BHM500K
-Real Members , Real Motion. #500K
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.
-Real Members , Real Motion. #500K
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.