The chart uploaded *Light Crude Oil Futures (CL1!) on the 4-hour timeframe, and it uses several advanced **technical analysis and Smart Money Concepts (SMC)* tools. Here's a breakdown:
✅ *Analysis Tools and Concepts Used:*
*1. Market Structure Tools:*
*BOS (Break of Structure):* Indicates a key shift in market structure, confirming a trend reversal.
*Support and Resistance Zones:* Marked in blue rectangles:
*Support Zone* around 55–58.
*Resistance Zone* near 71–74.
*2. Smart Money Concepts (SMC):*
*OB (Order Block):* Identified below the current price, acting as a potential demand zone.
*FVG (Fair Value Gap):* A price imbalance between candles, targeted for mitigation.
*Breakout Zone:* Highlighted to confirm entry after trendline break.
*3. Trendline:*
*A *descending trendline* from recent highs showing a prior bearish trend — now broken (bullish signal).
*4. Indicators:*
*RSI (Relative Strength Index)* at the bottom with buy/sell signals. Shows momentum and overbought/oversold levels.
*5. Arrow Projection (Forecast):*
* Green *arrow pointing upward* toward the resistance zone suggests a *bullish continuation bias*.
*6. Entry Confirmation:*
* Marked *“Break out”* and *circle around the trendline break*, signaling a potential buy entry zone.
---
# 📈 Summary:
This chart uses *price action, **market structure shifts, and **liquidity concepts* to project a bullish breakout with targets near the previous high. It’s a classic *Smart Money bullish setup*, with confirmation from the RSI and structural break.
Would you like help drafting a trade plan based on this chart setup?
✅ *Analysis Tools and Concepts Used:*
*1. Market Structure Tools:*
*BOS (Break of Structure):* Indicates a key shift in market structure, confirming a trend reversal.
*Support and Resistance Zones:* Marked in blue rectangles:
*Support Zone* around 55–58.
*Resistance Zone* near 71–74.
*2. Smart Money Concepts (SMC):*
*OB (Order Block):* Identified below the current price, acting as a potential demand zone.
*FVG (Fair Value Gap):* A price imbalance between candles, targeted for mitigation.
*Breakout Zone:* Highlighted to confirm entry after trendline break.
*3. Trendline:*
*A *descending trendline* from recent highs showing a prior bearish trend — now broken (bullish signal).
*4. Indicators:*
*RSI (Relative Strength Index)* at the bottom with buy/sell signals. Shows momentum and overbought/oversold levels.
*5. Arrow Projection (Forecast):*
* Green *arrow pointing upward* toward the resistance zone suggests a *bullish continuation bias*.
*6. Entry Confirmation:*
* Marked *“Break out”* and *circle around the trendline break*, signaling a potential buy entry zone.
---
# 📈 Summary:
This chart uses *price action, **market structure shifts, and **liquidity concepts* to project a bullish breakout with targets near the previous high. It’s a classic *Smart Money bullish setup*, with confirmation from the RSI and structural break.
Would you like help drafting a trade plan based on this chart setup?
交易進行
Use proper money management.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。