West Texas OilShort
WTI momentum play short
Glossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
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Momentum run play to the previous low around 76.07
Price finished a 3-touch structure into the Liq.P at 79.79 and started to reverse. The H4 shows a strong impulsive move back into structure and is now starting to consolidate.
Waiting for a continuation flag on the H1, preferably with a small pull-back for an entry short.
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
***********
Momentum run play to the previous low around 76.07
Price finished a 3-touch structure into the Liq.P at 79.79 and started to reverse. The H4 shows a strong impulsive move back into structure and is now starting to consolidate.
Waiting for a continuation flag on the H1, preferably with a small pull-back for an entry short.
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