4H · CFDs on Crude Oil (WTI)
Oil is still in a strong HTF bearish trend — monthly, weekly, and daily all pointing the same way. The character of the move says it all: impulsive legs down, weak accumulation back up. That's a market being sold, not bought. In a trend this aggressive, every retracement into premium is an opportunity — this is a continuation play with the trend at my back.
Price is reaching up into the 4H Orderblock, which sits right in the Optimal Trade Entry — the fibs mark the most likely place for the reversal. And the daily sweeps add even more: price has been running out shorter-term highs on the way up, clearing liquidity into the zone. Strong confluence stacking in one place — the OB, the OTE pocket, the daily sweeps, and the HTF trend all pointing to the same area.
Below, the accumulation has been weak PA — chop that's left a lot of liquidity behind. That liquidity is the fuel for the next leg down.
The target comes from the Standard Deviation levels — the -1 and -2 projections from the past two smaller sweeps and displacements. When multiple projections stack in the same area, it increases the likelihood of price being drawn there.
With red folder news dropping tomorrow, I'm expecting this to play out fast — the catalyst is right on the calendar.
Zooming out: I expect oil to reach $55 before I even start looking for bullish movement. Until that draw is filled, every rally is a retracement to me, until proven otherwise.
📍 Entry — 4H OB / OTE: 7,020 – 7,109
❌ Invalidation — above 7,150
🎯 TP — STDV Target: 6,607
⏳ Horizon: today or tomorrow, playing out around the news.
Strong trend. Clean OB in OTE. Liquidity below waiting to be taken.
Oil is still in a strong HTF bearish trend — monthly, weekly, and daily all pointing the same way. The character of the move says it all: impulsive legs down, weak accumulation back up. That's a market being sold, not bought. In a trend this aggressive, every retracement into premium is an opportunity — this is a continuation play with the trend at my back.
Price is reaching up into the 4H Orderblock, which sits right in the Optimal Trade Entry — the fibs mark the most likely place for the reversal. And the daily sweeps add even more: price has been running out shorter-term highs on the way up, clearing liquidity into the zone. Strong confluence stacking in one place — the OB, the OTE pocket, the daily sweeps, and the HTF trend all pointing to the same area.
Below, the accumulation has been weak PA — chop that's left a lot of liquidity behind. That liquidity is the fuel for the next leg down.
The target comes from the Standard Deviation levels — the -1 and -2 projections from the past two smaller sweeps and displacements. When multiple projections stack in the same area, it increases the likelihood of price being drawn there.
With red folder news dropping tomorrow, I'm expecting this to play out fast — the catalyst is right on the calendar.
Zooming out: I expect oil to reach $55 before I even start looking for bullish movement. Until that draw is filled, every rally is a retracement to me, until proven otherwise.
📍 Entry — 4H OB / OTE: 7,020 – 7,109
❌ Invalidation — above 7,150
🎯 TP — STDV Target: 6,607
⏳ Horizon: today or tomorrow, playing out around the news.
Strong trend. Clean OB in OTE. Liquidity below waiting to be taken.
Operación activa
— smikal
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
— smikal
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.