Brent Crude OilLong
BRENT oil
Chart: Brent Crude Oil on the 15-minute time frame.
Key Elements:
The green channel shows the price oscillating downward, with the price breaking out of this channel to the upside.
Order blocks (in gray and red) are noted between the $71.5 - $72.5 range, which may act as zones of institutional buying or selling.
MY green prediction line indicates a belief that the price will rise significantly after it hits the liquidity zone around $70.04. This implies that the downward liquidity sweep has potentially completed and now buyers are likely to push the price higher.
Overall Analysis:
Daily: The price filled a liquidity zone around $70 and may be ready to reverse or retrace upward.
15-minute: On a shorter time frame, it seems like you're predicting a breakout from the order block and a bullish move.
This setup could indicate a potential opportunity for a long position if the price respects the order blocks and liquidity fill around the $70 zone
Key Elements:
The green channel shows the price oscillating downward, with the price breaking out of this channel to the upside.
Order blocks (in gray and red) are noted between the $71.5 - $72.5 range, which may act as zones of institutional buying or selling.
MY green prediction line indicates a belief that the price will rise significantly after it hits the liquidity zone around $70.04. This implies that the downward liquidity sweep has potentially completed and now buyers are likely to push the price higher.
Overall Analysis:
Daily: The price filled a liquidity zone around $70 and may be ready to reverse or retrace upward.
15-minute: On a shorter time frame, it seems like you're predicting a breakout from the order block and a bullish move.
This setup could indicate a potential opportunity for a long position if the price respects the order blocks and liquidity fill around the $70 zone
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