FX.co ★ Irfans7 | CL/Crude Oil

*CFDs on WTI Crude Oil · 4h · TVC | $68.39 -0.09%* *1. Price Structure* Left to right: $102 > $98 > $94 > $90 > $86 > $80 > $74 > $70 > $68.39 = LH. $86 > $74 > $68 = LL. Current $68.39 is new low after breakdown from $70. No HH above $70 yet. Full bearish structure. *2. Trend Direction* 4H bearish. Sequence: $102 > $98 > $94 > $90 > $86 > $80 > $74 > $70 > $68.39 = lower highs. Trend change: $86 break in late May. Sellers control after $70 failed. Momentum still down, no reversal candle. *3. Volume Analysis* Spikes: Mid-May $102 area = tall bars = distribution. Jun 12 red bar $86→$80 = heavy selling. Jun 9 green bar = bounce trap. Current low volume on right = buyers absent. No accumulation yet. *4. Moving Averages* No MAs visible. Price action: Every rally $102→$86→$74→$70 was rejected lower. Now $68.39 below all prior support = if MAs were there, price far under them. Bearish alignment. *5. RSI and Momentum* No sub-panel. Price: Red candles dominate $102→$68.39. Small green base at $68, then drop again. Low is lower: $70 late June vs $68.39 now. Momentum bearish, no bounce signal. *6. Key Support and Resistance* *Support*: $68.00 current, $65.00 next, $62.00 major. *Resistance*: $70.00 broken support, $72.00 sellers, $74.00 breakdown level. *Flip*: $70.00. Below = bearish, above = test $72-$74. *7. Trading Plan* *Short bias*: 4H rejection $70.00 + hold $69.00. Entry $69.50, SL $66.50, TP $72/$74/$76. R:R ∼1:2. *No-trade*: $68-$70 chop. *8. Risk Management* Rule 1: $68 pe bottom catch mat karo. Trend down hai. Rule 2: $65 break = $62 next. Size: 0.5%-1% risk. Oil 4H range $2-$3 hai. *9. Invalidation Levels* *Bullish invalid*: Close $70.00-$72.00 → $74. *Range invalid*: 3x 4H closes $68-$70 = compression. *10. Final Read* Strong bearish $102→$68.39, LH, LL. Key: $70.00. *Bullish*: Close >$70.00 | *Bearish*: Close