Good morning, Traders!
A beautiful opportunity is developing in light crude oil futures (CL). The market has reached a major U-turn level. That means the market is preparing to turn back to the buy zone. And if/when that happens, we’ll be ready to jump in and ride the wave back to the top!
The market is following an up trend line, meaning that the long-term and short-term directions for CL are up. We just need the market to push bullish into the buy zone before we prepare our entry strategy.
And while we’re talking about entry strategies, do you have one? You need a plan before you decide to buy any market. Take a look at my free resources that show you how I prep for a market entry!
Are you ready to get started with our timeframe analysis for the CL market? Let’s go!Daily Timeframe Analysis
The CL has reached a known U-turn point at 66.34 as it remains in an overall upward trend for the daily timeframe. That means the market has hit a point that aligns with previous known U-turns along the market’s history.The data shows that we can expect the market to U-turn again at or near that 66.34 pointDAILY TIMEFRAME
The long-term direction is up for the CL
The short-term direction of the market is up for the CL
We’re waiting for the CL to U-turn back bullish before we buy
Learn more about the Daily Direction Indicators here…
The CL has reached a known U-turn point at 66.34 as it remains in an overall upward trend. We’ll watch for the market to turn bullish again and move into the buy zone.
If the market stays above the upward trendline and pushes through the counter trendline, we’ll see an awesome opportunity to make money with the CL!
One-Hour Timeframe Analysis
The one-hour timeframe chart is a sight to behold right now! The market is gearing up to push bullish and enter the buy zone as the CL prepares to U-turn toward a higher price!
Based on the one-hour timeframe chart, we can look forward to the CL pushing bullish into the buy zone soon!
Remember that we use the one-hour timeframe to determine when and how to execute our buy-in strategy. So for the CL, we’ll want to look for the market to leave the sell zone, break the counter trendline, and enter the buy zone (follow the long green arrows!) And once that happens, we’ll be ready to jump in and add to our growing trade account!The Bottom Line
Both the long-term and short-term directions for the CL are up as the market is preparing to move back into the buy zone as it U-turns back bullish toward a higher price.
All of the pieces are there. We just need to wait for them to come together as the CL moves into a position that we can buy. This entire setup is a great example of how the markets move in waves! We’re watching for a major U-turn, a push bullish into the buy zone, and movement to a new high price that we can buy and make money with!
We’ll keep an eye on the CL market as it gets ready to move into the buy zone on its way to a higher price after the U-turn
So what are you waiting for? Dump the excuses and get started now! Follow along as I reveal the crucial aspects of my trading strategy that will allow you to become a profitable futures trader!
Keep On Trading,
Mindset Advantage: Own It
It’s not the market. It’s not your indicator. It’s you. Own it.
‘Oh that one was a mistake’…. and then there’s ‘I had the settings on my indicator wrong’… or our personal favorite: ‘I was trying an experiment’…
Like a 7th grade English teacher, after a while you hear them all. The number one thing we look for when working with a new trader? Accountability.
Own where you’re at with your trading. Embrace the failures and the setbacks. Stare them in the face with an unflinching honesty.
Only then will you conquer and advance to consistent profitability.Traders Training Session
Understanding Trading Margin and Managing Losing Trades
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