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.
Zlecenie aktywne
Beautiful reaction at market open from our Daily point of interest - expansion higher should be next 
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.