JavierXBT

JavierXBT

Structural Breakdown & Key Observations Recent High: $6,147.43 (ATH level) Bearish Momentum Indicators: MACD: -40.98 (Bearish momentum increasing) RSI: 45.11 (Weakening strength but not yet oversold) Volume Increase: $14.18B → Indicates potential distribution. Wyckoff Distribution Pattern Confirmation: Potential Upthrust & Distribution Phase around 6,147 -...

JavierXBT

www.tradingview.com 1. Supply Constraints: Geopolitics & Trade Wars One of the biggest drivers of higher oil prices is geopolitical instability and trade policy shifts. We're already seeing major disruptions that could tighten supply further: Middle East Tensions – The ongoing conflicts in the Red Sea, Iran, and Israel continue to create uncertainty. Attacks on...

JavierXBT

BSL taken now its time for SSL to be taken, targeting POC of volume profile, could turn into a swing short if market continues drop this coming week.