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Weekly Top Down ANALYSIS, can we SHORT from DAILY SUPPLY...?

“Those times when you get up early and you work hard; those times when you stay up late and you work hard; those times when you don’t feel like working, you’re too tired, you don’t want to push yourself, but you do it anyway; that is actually the dream. That’s the dream. It’s not the destination, it’s the journey.” -Kobe Bryant #24/8

I have a neutral outlook this week on OIL due to the PA on the Weekly on TF... As you can see on the Weekly TF price just rejected the Weekly SWING EQ LEVEL ($74.35) Per Barrel. However when we drop down to the Daily TF, we have now officially entered the DAILY Supply Zone ($76.25) as buyers pushed price up to mitigate the the DAILY SWING EQ LEVEL ($77.00) Per Barrel based off the structure of PA.... NOW, ***THE MILLION DOLLA QUESTION is, Will Daily Supply / Daily EQ Level ($77.00) Per Barrel. HOLD Nd sellers push for lower prices?

1) On the 15m TF if we can get this current 30m Demand to Fail and we get a 15m CHoCh with sellers pushing price down past ($76.48) Per Barrel with confirmed candle closures underneath on the 30m TF N below then I'll be compelled to ENTER SHORT!!!

***Remember this 15M PA is happening all inside of the HTF Daily Supply Zone/ 4Hr Supply Zone which means SELLERS are developing the stronger hand and starting to enter the market!!!

***Also we have a iR/LQ Trendline on the 30m TF that I believe is going to be swept to the downside with heavy momentum by sellers and this is essentially the move I am looking to capitalize on...

2) I'll keep close update as PA develops and we have more data to work with.

Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!!

Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
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