Ladies and gentlemen, if you're trading oil (WTI) right now, you're probably in one of the most sensitive periods of your trading life. Why? Trump just arrested Venezuela's leader a few days ago :) Odds of a strike on Iran are sky-high, Israel could jump in too + a ton of other factors that could spike massive volatility in the oil market over the next few weeks and make trading it brutal.
Let's break it down together.
Daily timeframe
We've got a super strong downward channel for ages, with most action hugging the upper side and midline—barely touching the channel floor in forever. Today's candle is straight-up engulfing the last three weak bearish ones to the upside, and with all the tension building, expect a sharp uptrend move soon.
Drop to 4H for real long/short triggers.
By the way, I’m Skeptic, founder of Skeptic Lab.
I focus on long-term performance through psychology, data-driven thinking, and tested processes.
Thanks for riding this idea—if it delivered value, hit that boost to keep the momentum rolling and follow to build the squad. Toss any symbol you want dissected in the comments, I'll handle it. 🩵
Now get outta here.
Let's break it down together.
Daily timeframe
We've got a super strong downward channel for ages, with most action hugging the upper side and midline—barely touching the channel floor in forever. Today's candle is straight-up engulfing the last three weak bearish ones to the upside, and with all the tension building, expect a sharp uptrend move soon.
Drop to 4H for real long/short triggers.
- Short side: Killer trigger on break of support 56.463—it's held with strong reactions before. If it snaps, look for midline retest first, then channel floor test.
- Long side: Riskier trigger at 58.731 break—could kick off the upside correction of this bearish channel. But since it'd be the first uptrend leg, keep risk low.
By the way, I’m Skeptic, founder of Skeptic Lab.
I focus on long-term performance through psychology, data-driven thinking, and tested processes.
Thanks for riding this idea—if it delivered value, hit that boost to keep the momentum rolling and follow to build the squad. Toss any symbol you want dissected in the comments, I'll handle it. 🩵
Now get outta here.
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.