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CL major H4 trendline broken down. We could see a drop up to a liquidity zone around 86.00, but a first reasonable target is the Monthly VWAP
This VWAP bounce with sellers absorption... 😍
Easy long on CL, Weekly VWAP acting as a support + daily bounce from VWAP-2 that I closed at VWAP
And for those who are not scalping, the same kind of analysis can be applied in higher timeframe. Example: ES reversed up this week, you could have predicted this by looking at the yearly VWAP
I was waiting for CL to hit 83.00 yearly VWAP+1 level for a scalp, easy one with the sellers absportion confirmation on footprint chart
Gold today's vwap and vwap-1 levels 🤩
NQ : if price drops below the current vwap, we could expect a high probability move down to yesterday's vwap
It's like I gave you the cheat code today, I hope it has been useful to you.
I followed the plan on my side
Once again...
I've recorded my NY open session, I will post a video later on
I will show you something very important, there is a way to predict the future direction during the range by looking at the candles.
Look at the wicks and you guess if they are trapping buyers or sellers
A raw video from my NY open scalping session today.
(Sorry I didn't have time to explain the entries today.)