OXY – 30-Min Short Trade Setup!
📌 📉🚀
🔹 Asset: Occidental Petroleum Corporation (NYSE: OXY)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Reversal Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below 47.28 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above 48.37 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 46.11 (First Support Level)
📌 TP2: 44.80 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 48.37 - 47.28 = 1.09 risk per unit
📈 Reward to TP1: 47.28 - 46.11 = 1.17 (1:1.07 R/R)
📈 Reward to TP2: 47.28 - 44.80 = 2.48 (1:2.27 R/R)
🔍 Technical Analysis & Strategy
📌 Bearish Rejection at Resistance: Price is struggling at 47.28, indicating potential downside.
📌 Rising Wedge Breakdown: The pattern suggests further bearish momentum.
📌 Volume Confirmation Needed: Increasing selling pressure below 47.28 confirms the move.
📌 Momentum Shift Expected: If price stays below 47.28, it could drop toward 46.11, then 44.80.
📊 Key Resistance & Support Levels
🔴 48.37 – Stop-Loss / Resistance Level
🟡 47.28 – Breakdown Level / Short Entry
⚪ 46.11 – First Target / TP1
🟢 44.80 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling pressure below 47.28 before entering.
📉 Trailing Stop Strategy: Move SL to entry (47.28) after TP1 (46.11) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 46.11, let the rest run toward 44.80.
✔ Adjust Stop-Loss to Break-even (47.28) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above 47.28, exit early to minimize losses.
❌ Wait for a strong bearish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Resistance rejection signals downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.27 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 Hashtags for Reach & Engagement:
#OXY 📉 #NYSE 📊 #StockTrading 📉 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #ShortTrade 📉 #Finance 📈 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bearish 📉 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakdown 🚀
🔹 Asset: Occidental Petroleum Corporation (NYSE: OXY)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Reversal Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below 47.28 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above 48.37 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 46.11 (First Support Level)
📌 TP2: 44.80 (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 48.37 - 47.28 = 1.09 risk per unit
📈 Reward to TP1: 47.28 - 46.11 = 1.17 (1:1.07 R/R)
📈 Reward to TP2: 47.28 - 44.80 = 2.48 (1:2.27 R/R)
🔍 Technical Analysis & Strategy
📌 Bearish Rejection at Resistance: Price is struggling at 47.28, indicating potential downside.
📌 Rising Wedge Breakdown: The pattern suggests further bearish momentum.
📌 Volume Confirmation Needed: Increasing selling pressure below 47.28 confirms the move.
📌 Momentum Shift Expected: If price stays below 47.28, it could drop toward 46.11, then 44.80.
📊 Key Resistance & Support Levels
🔴 48.37 – Stop-Loss / Resistance Level
🟡 47.28 – Breakdown Level / Short Entry
⚪ 46.11 – First Target / TP1
🟢 44.80 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling pressure below 47.28 before entering.
📉 Trailing Stop Strategy: Move SL to entry (47.28) after TP1 (46.11) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 46.11, let the rest run toward 44.80.
✔ Adjust Stop-Loss to Break-even (47.28) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above 47.28, exit early to minimize losses.
❌ Wait for a strong bearish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup – Resistance rejection signals downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.27 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 Hashtags for Reach & Engagement:
#OXY 📉 #NYSE 📊 #StockTrading 📉 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #ShortTrade 📉 #Finance 📈 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bearish 📉 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakdown 🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.