7 Diamnesion Analysis for OIL
Updated
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective move is filled POi, now impulsive is starting
🟢 Inducement: Done
🟢 Pull Back: 1st and deep
🟢 Internal Structure: Bearish
🟢 Ext OB: Mitigated
🟢 Supply, Distribution, Rejection: Trendline broke, trend line Breakout/CIP done
🟢 Time Frame Confluence: Daily, H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal, Rounding Patterns, Double top
🟢 CANDLE PATTERNS: Record Session count observed in internal leg, Shrinking long wick end, Change in guard engulf, Momentum: strict engulfing with bearish strength, Tower top also observed
3️⃣ Volume
🟢 Fixed Range: In this area, bears are already strong
🟢 No Volume during correction
4️⃣ Momentum RSI
🟢 Zone: Bearish sideways
🟢 Range shift: Bullish to sideways properly
🟢 Overbought rejections count: 2
5️⃣ Volatility Bollinger Bands
🟢 Middle band: Price below the middle band with a ninja candle bearish closing
🟢 Contraction: Fully
🟢 Two Band Punchers: Observed in the upper band
6️⃣ Strength According to ROC
🟢 Values: USD -3.05, OIL is -15
7️⃣ Sentiment
According to all sentiments, oil prices are under pressure
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ Current move: Impulsive
✔ Support Resistance Base: Supply area rejection
☑️ Candles Behavior: RSC, bearish Momentum
☑️ FIB Trigger event: Done
☑️ Trendline breakout: Done
💡 Decision: Sell at opening
🚀 Entry: 73.45
✋ Stop Loss: 76.87
🎯 Take Profit: 62.55
2nd If Internal Structure Changes also Exit 3rd Trendline Breakout, Fomo
😊 Risk to Reward Ratio: 1:3.5
🕛 Expected Duration: 15 days
SUMMARY: The analysis suggests a bearish outlook, supported by structural, candlestick, and volume indications. Momentum in RSI and Bollinger Bands also align with the bearish stance. The decision is to sell at the opening with specific entry, stop loss, and take profit levels, considering potential internal structure changes and trendline breakouts.
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective move is filled POi, now impulsive is starting
🟢 Inducement: Done
🟢 Pull Back: 1st and deep
🟢 Internal Structure: Bearish
🟢 Ext OB: Mitigated
🟢 Supply, Distribution, Rejection: Trendline broke, trend line Breakout/CIP done
🟢 Time Frame Confluence: Daily, H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal, Rounding Patterns, Double top
🟢 CANDLE PATTERNS: Record Session count observed in internal leg, Shrinking long wick end, Change in guard engulf, Momentum: strict engulfing with bearish strength, Tower top also observed
3️⃣ Volume
🟢 Fixed Range: In this area, bears are already strong
🟢 No Volume during correction
4️⃣ Momentum RSI
🟢 Zone: Bearish sideways
🟢 Range shift: Bullish to sideways properly
🟢 Overbought rejections count: 2
5️⃣ Volatility Bollinger Bands
🟢 Middle band: Price below the middle band with a ninja candle bearish closing
🟢 Contraction: Fully
🟢 Two Band Punchers: Observed in the upper band
6️⃣ Strength According to ROC
🟢 Values: USD -3.05, OIL is -15
7️⃣ Sentiment
According to all sentiments, oil prices are under pressure
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ Current move: Impulsive
✔ Support Resistance Base: Supply area rejection
☑️ Candles Behavior: RSC, bearish Momentum
☑️ FIB Trigger event: Done
☑️ Trendline breakout: Done
💡 Decision: Sell at opening
🚀 Entry: 73.45
✋ Stop Loss: 76.87
🎯 Take Profit: 62.55
2nd If Internal Structure Changes also Exit 3rd Trendline Breakout, Fomo
😊 Risk to Reward Ratio: 1:3.5
🕛 Expected Duration: 15 days
SUMMARY: The analysis suggests a bearish outlook, supported by structural, candlestick, and volume indications. Momentum in RSI and Bollinger Bands also align with the bearish stance. The decision is to sell at the opening with specific entry, stop loss, and take profit levels, considering potential internal structure changes and trendline breakouts.
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