As mentioned on the chart, this is NOT a swing idea, and it's a totally different trade if there's a gap involved. The support zone is tight, which I like for a daytrade. There are 2 clear levels where orders are tucked (past the yellow zone and past the dotted green line. IF we get nice buildup ahead of the yellow level break (which is what's happening so...
Tradingview won't let me post the timeframes I'd like to, so please do check out the 5m for a beautiful picture of the breakout failure @ A and the subsequent recovery + breakout @ B soon after. Hit me up with any questions.
Not a grade A setup, but potential momentum BO trade opportunity. Update tomorrow.
Update to a previous post I made about the CL level breakdown. Bias remains short until proven otherwise. Flat, no clear entries for me until tomorrow morning when we look at premarket price action and range. Yesterday's trade posted to twitter. 11.25R despite mismanaging the hell out of it. It's imperative you learn to take wholesale entries, understand...
Context doesn't mean blind entries. Primary level has been attacked and seemingly pushed past. I'm looking for weak pullbacks on the H1 for entries short. Trade idea is invalidated if price pokes back up over the level.