OXY – 30-Min Short Trade Setup!

📌 📉🚀

🔹 Asset: Occidental Petroleum Corporation (NYSE: OXY)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Reversal Trade

📌 Trade Plan (Short Position)
✅ Entry Zone: Below 47.28 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above 48.37 (Invalidation Level)

🎯 Take Profit Targets:
📌 TP1: 46.11 (First Support Level)
📌 TP2: 44.80 (Extended Bearish Move)

📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 48.37 - 47.28 = 1.09 risk per unit
📈 Reward to TP1: 47.28 - 46.11 = 1.17 (1:1.07 R/R)
📈 Reward to TP2: 47.28 - 44.80 = 2.48 (1:2.27 R/R)

🔍 Technical Analysis & Strategy
📌 Bearish Rejection at Resistance: Price is struggling at 47.28, indicating potential downside.
📌 Rising Wedge Breakdown: The pattern suggests further bearish momentum.
📌 Volume Confirmation Needed: Increasing selling pressure below 47.28 confirms the move.
📌 Momentum Shift Expected: If price stays below 47.28, it could drop toward 46.11, then 44.80.

📊 Key Resistance & Support Levels
🔴 48.37 – Stop-Loss / Resistance Level
🟡 47.28 – Breakdown Level / Short Entry
⚪ 46.11 – First Target / TP1
🟢 44.80 – Final Target / TP2

📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling pressure below 47.28 before entering.
📉 Trailing Stop Strategy: Move SL to entry (47.28) after TP1 (46.11) is hit.

💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 46.11, let the rest run toward 44.80.
✔ Adjust Stop-Loss to Break-even (47.28) after TP1 is hit.

⚠️ Fake Breakdown Risk
❌ If price moves back above 47.28, exit early to minimize losses.
❌ Wait for a strong bearish candle close before entering aggressively.

🚀 Final Thoughts
✔ Bearish Setup – Resistance rejection signals downside potential.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:2.27 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥

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