Confirmed 4Hr Swing Bullish (BOS.X) Can we SHORT the Pullback..?NYMEX:CL1!
'Obstacles we jump on top of those, under no circumstance will we be stopped. We aiming for Excellence!!'
-Management500K
Family I hope we all are doing well in our individual lives and growing day by day...
In this CL Narrative I have developed, I will be breaking down why I believe the HOUSE can CAPITALIZE on a Counter Trend Pullback due to a confirmed 4HR Swing BOS.X to the UPSIDE...
***In my experience the market has to correct itself due to both parties having equal fair play. Buyers and Sellers that is...So when we have a confirmed 4Hr Swing BOS.X Topside, then I know the market will have a pullback as a corrective state then continue in the given trend direction wether it be LONG or SHORT...However in this exact case the trend is BULLISH but we are looking to capitalize on the SHORT PULLBACK....Here's what i'll be looking for vibe w/me...
1) Price is currently trading inside a HIGHER TF Daily Supply Zone...I want sellers to enter the market with strength & dominance & push the price of OIL down and break the Minor Support Level around ($80.40) and then break the 1Hr Demand Zone around ($80.25) with confirmed candle closures underneath both levels on the 30M TF Down....***If and when we can get the 2 levels of Support and Demand to fail with candle closures underneath, then this will be our 1st and 2nd confirmations to get ready SHORT...Also price needs to be trading underneath the RED V-Wap as a final confirmation to enter as well.
2) Once Sellers push price down& break & close underneath 1Hr Demand that will be all the confirmation I need to enter the Market SHORT on the retest of the Minor Support Level that failed previously around ($80.40) and target the 4Hr Swing EQ level...***Remember the whole point of demand is to push for higher pricing and break any form of SUPPLY in its way... Now if the 1Hr demand fails then that means the HIGHER TF DAILY SUPPLY is currently in control with the strong dominant hand & that is the hand we are looking to play along with and CAPITALIZE!
3) So if and when PA can give us the following sequence of events to take place; Where we can get the 2 levels of Support and Demand to fail with candle closures underneath, then this will be our 1st and 2nd confirmations to get ready & enter the market SHORT...As Daily Supply will be in control with the strong Hand and we will look to participate with this move on a LTF entry model....
Now the HOUSE can easily catch a solid +2-3R % Gain on this trade depending on your management system...
***Remember nothing in the market is set in stone, We play the Long-term game of probabilities...Let's stay focused and on point... Always Protect the HOUSE and trade the SYSTEM w/ NO EMOTION!!!
Now lets sit back N stalk like the SALTWATER CROC!
#BHM500K #NewERA