Nobody knows the future so I just track parameters using Elliott Wave and also s/d zones. Let's see where support holds and I'll be watching for an impulse higher to signal the bottom is in. Otherwise, if we break 83 with feeling, then I'll watch 82 and 80.70 for support levels. If all of those break, then any meaningful rally is delayed for weeks or more. All imo...
CRUDE OIL, is expected to find a bottom really soon based on fib and if this is a 1-2 1-2 (elliot wave), we are about to be hit by a monster 3, driving prices to $100+ by mid-end july. I believe there is a strong chance we hold these levels drawn below. IT IS possible we come lower than those levels to get a deeper retest before going higher, as long as we dont...
These levels provide guidance for traders interested in trading Crude Oil MCX Futures in May, offering specific entry points, target prices, and stop-loss levels to manage risk.
Range Point: 6,999
Intraday Range: 85 points
Buy Above: 7,011
Average At: 7,001
Buy Target 1: 7,052
Buy Target 2: 7,084
Buyer Stoploss: 6,982
Sale Below: 6,990
Sale Target 1: 6,946
Sale...
Price has invalidated my original short idea, which is great.
Currently holding HTF PD Arrays
2 scenarios
we continue higher off the 1h huge imbalance which I am not comfortable getting into right now
We dig into the BPR printed on Thursday, which is much more favorable
wti crude oil
comment: Market is making marginally higher highs on the 1h tf but it’s a reasonable triangle we are in. I think it will chop some more inside before another breakout and I think that will be news related/event driven.
current market cycle: trading range
key levels: 80-86 but converges inside 82-84
bull case: Bull legs inside the range...
Bullish.
After forming a new peak high,
price retraced to the +FVG.
Friday's "news wick" tapped the
-FVG above and quick returned
the +FVG. Should the +FVG hold,
expecting price to move toward
the highs, as price moves from
Internal -> External liquidity.
The LRLR to the lower left is a
draw on LQ that bears watching.
I enjoy any feedback or questions in...
Crude oil is tapping a weekly demand on a wick today, I use this chart to assist in my OXY moves. This would be a decent zone to add to an open position. I circled the candle I used to create the demand zone for educational purposes. I like to take the bottom wick of the red candle leading to a rally and end the demand one on the adjacent candle body towards the...
So we are on the Daily Not moving with much drive and lets say... obvious direction when it comes to day to day bias (Overall Bearish)
I am ONLY focusing on PDH and PDL as targets today with any signal to buy or sell into the market being in a discount before I place a trade.
Range day - yes
To consider that Thursday's have seen good movement on Oil recently so...
Backtesting that Daily trend line with a few top dots on this 4hr chart. Good posture to dump some points here so they can reload lower. Big money always wins, and they almost always come back for that liquidity.
Introduction
Credit spreads are a sophisticated options strategy involving the simultaneous purchase and sale of options of the same class and expiration, but at different strike prices. This approach is particularly effective in scenarios where the trader seeks to capitalize on premium decay while maintaining controlled risk exposure. Commonly used in volatile...
Today On the Daily I am in confliction with bias meaning that it could be changing soon if we repeat another bullish closing day.
For this I have dropped down onto the 4hr TF and the most recent 4hr -ob is what I will be referencing as to Bullish or Bearish intra day PA.
Scalpers Market atm
If you un sure, sit still.
We did close above the Daily v.i as I have...
