OIL remains bearish. Plan, Structure, Supply
Oil doesn't show any kind of nice moves so far and keeps consolidating inside of this IL. This is my current expectation for this instrument.
📉 Text marks:
🔹IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹ph, pl = protected high or low, which holds current structural impulse.
🔹bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further.
🔹if confirmed = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
📉 Text marks:
🔹IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹ph, pl = protected high or low, which holds current structural impulse.
🔹bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further.
🔹if confirmed = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
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