Oil: The Level I've Been Waiting Months to Reach Is Here
This is a setup I've had marked for a long time - and price just arrived.
WTI crude has been in a steady decline since the March highs, dropping over 30% and sweeping all the way into a major confluence zone sitting in deep discount.
Three things are stacking at the exact same level right now: a breaker block, a daily gap, and the previous daily low / monthly low.
When three completely different tools land on the same price, that's not a coincidence - that's a magnet.
What changed this week is the lower timeframe.
After months of bearish structure, the 1H just printed a clear structural shift right off this zone - the first real sign buyers are showing up with intent rather than just slowing the bleed.
The bigger picture target is the buy side liquidity sitting way above at 119.48 - that's a long road, but it starts here.
Invalidation: A daily close below 68.56 - if the previous monthly low gives way, this bullish read is off the table.
Timeframe: Swing play, looking for continuation over the coming weeks.
Have you been watching oil for a reversal, or are you still expecting lower? Drop your bias below.
Idea-sharing only, not financial advice.
WTI crude has been in a steady decline since the March highs, dropping over 30% and sweeping all the way into a major confluence zone sitting in deep discount.
Three things are stacking at the exact same level right now: a breaker block, a daily gap, and the previous daily low / monthly low.
When three completely different tools land on the same price, that's not a coincidence - that's a magnet.
What changed this week is the lower timeframe.
After months of bearish structure, the 1H just printed a clear structural shift right off this zone - the first real sign buyers are showing up with intent rather than just slowing the bleed.
The bigger picture target is the buy side liquidity sitting way above at 119.48 - that's a long road, but it starts here.
Invalidation: A daily close below 68.56 - if the previous monthly low gives way, this bullish read is off the table.
Timeframe: Swing play, looking for continuation over the coming weeks.
Have you been watching oil for a reversal, or are you still expecting lower? Drop your bias below.
Idea-sharing only, not financial advice.
تم فتح الصفقة
Beautiful reaction at market open from our Daily point of interest - expansion higher should be next 
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.