WTI (Crude) Price Action on 15m Timeframe
There is currently seeing bullish price action on the 15m timeframe which appears to be a pullback/retracement on the 4h timeframe which is now displaying bearish price action.
This appears to be preparation of lower timeframe re-alignment of the higher timeframe price action. The expectation is that price will "tap-in" at the 78.36 price point where there is identified bearish orderflow.
Price is currently in Premium so we are only interested in shorts at this time. We also are using internal range liquidity (FVGs, Trandline Liquidity) below the current support as confluence for downward price movement in the coming hours.
This appears to be preparation of lower timeframe re-alignment of the higher timeframe price action. The expectation is that price will "tap-in" at the 78.36 price point where there is identified bearish orderflow.
Price is currently in Premium so we are only interested in shorts at this time. We also are using internal range liquidity (FVGs, Trandline Liquidity) below the current support as confluence for downward price movement in the coming hours.
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