Look at the daily USOIL chart right now—we have been riding a beautiful, steady uptrend, but we just hit a massive brick wall. The price has officially tapped into the daily bearish Order Block at the top.
The candles are already hanging out inside this institutional supply zone, and this is where traders usually make or break their accounts. Here is why you need to be extremely careful tomorrow and over the next few days:
The SMC Logic for Tomorrow: A daily Order Block after a long uptrend is prime real estate for institutions to distribute their contracts and take profits. However, just because price touches a block doesn't mean you blindly click the short button. We need to see what happens inside the zone.
The Fundamental Noise: Geopolitics are keeping the oil market super volatile right now. Any sudden headline about pipeline halts or shipping lane drama can easily invalidate the technicals and push the price higher. On the flip side, macro data remains bearish with OPEC pushing lower demand expectations.
Bearish Confirmation: If tomorrow’s candle leaves a long upper wick (liquidity sweep) and we shift structure on the 4H or 1H charts, I’ll look for a short-term pullback play.
Bullish Continuation: If the daily candle closes hard and body-only above this block, the supply is cooked, and the bulls will squeeze everyone attempting to short the top.
Educational purposes only.
The candles are already hanging out inside this institutional supply zone, and this is where traders usually make or break their accounts. Here is why you need to be extremely careful tomorrow and over the next few days:
The SMC Logic for Tomorrow: A daily Order Block after a long uptrend is prime real estate for institutions to distribute their contracts and take profits. However, just because price touches a block doesn't mean you blindly click the short button. We need to see what happens inside the zone.
The Fundamental Noise: Geopolitics are keeping the oil market super volatile right now. Any sudden headline about pipeline halts or shipping lane drama can easily invalidate the technicals and push the price higher. On the flip side, macro data remains bearish with OPEC pushing lower demand expectations.
Bearish Confirmation: If tomorrow’s candle leaves a long upper wick (liquidity sweep) and we shift structure on the 4H or 1H charts, I’ll look for a short-term pullback play.
Bullish Continuation: If the daily candle closes hard and body-only above this block, the supply is cooked, and the bulls will squeeze everyone attempting to short the top.
Educational purposes only.
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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.
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.