Setup: HTF (4h) shows a powerful impulsive leg from the ~2.80 April lows through 3.40+, making higher highs and higher lows — clear uptrend. The April 28 session opened with a spike to 3.44 then pulled back intraday to the 3.37-3.38 zone, which aligns with the prior day's consolidation shelf and the 1h breakout base from Apr 27 morning. Current price at 3.4307 is recovering from that intraday dip with green candles reasserting. Volume on the Apr 22-23 breakout leg was the strongest in the window (~4-6k contracts/hour), confirming institutional participation in the trend.
Flow: Energy complex is broadly bid — RBOB +1.85% with crack spreads supporting. Risk-off commodity divergence (energy/ags up, metals/equities down) is a strong macro tailwind. The energy bid is not a single-session spike; it's building over multiple days with corroborating crude strength. This is the sector to be long, and RBOB is the leading contract.
Plan: Stop is placed below the intraday pullback low and the Apr 27 consolidation zone — a close below there invalidates the bullish continuation structure and suggests a deeper retracement toward 3.30. Target is the next psychological and technical extension level — the trend has been adding roughly 6-8 cents per leg, and 3.48 represents the next clean measured move. Thesis fails if price breaks and closes below the 3.34 shelf on a 1h basis.
📍 Entry: 3.372
🛑 Stop: 3.348
🎯 Target: 3.48
⚖️ R:R: 4.50
Flow: Energy complex is broadly bid — RBOB +1.85% with crack spreads supporting. Risk-off commodity divergence (energy/ags up, metals/equities down) is a strong macro tailwind. The energy bid is not a single-session spike; it's building over multiple days with corroborating crude strength. This is the sector to be long, and RBOB is the leading contract.
Plan: Stop is placed below the intraday pullback low and the Apr 27 consolidation zone — a close below there invalidates the bullish continuation structure and suggests a deeper retracement toward 3.30. Target is the next psychological and technical extension level — the trend has been adding roughly 6-8 cents per leg, and 3.48 represents the next clean measured move. Thesis fails if price breaks and closes below the 3.34 shelf on a 1h basis.
📍 Entry: 3.372
🛑 Stop: 3.348
🎯 Target: 3.48
⚖️ R:R: 4.50
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monk.trade — Trade setups and market intelligence
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.