Crude Opportunities: A Strategic Oil Trade Idea
The intermediate-term swing has broken out of this retail wedge pattern and traded up to the 78% Fibonacci retracement (Optimal Trade Entry - OTE). As we reached this level, we saw clear signs of smart money entering the market. Additionally, price action took out equal highs, confirming liquidity grabs.
From here, we've retraced down into the top of a Continuation Breaker Block with an IFVG (Inversion fair value gap) confluence—and guess what? There's another OTE right there.
This setup signals a strong bullish continuation as we tap into this IFVG/Continuation Breaker zone.
📈 If you want to learn more about the Continuation Breaker, follow me and stay tuned! 🚀
From here, we've retraced down into the top of a Continuation Breaker Block with an IFVG (Inversion fair value gap) confluence—and guess what? There's another OTE right there.
This setup signals a strong bullish continuation as we tap into this IFVG/Continuation Breaker zone.
📈 If you want to learn more about the Continuation Breaker, follow me and stay tuned! 🚀
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.