🔄 WTICOUSD: Curve Analysis🔄

West Texas Oil
SLO2 @ 74.90 ⏳
SLO1 @ 74.33 ⏳
TP1 @ 73.20
TP2 @ 72.25
TP3 @ 71.50
TP4 @ 70.40
TP5 @ 69.75
SUPPORT @ 69.50

ADDITIONAL INFO:
🤔 If this LTF Curve Analysis holds on this 3H chart, then we'll have an opportunity to short

🏆 DAY TRADERS: +6.88% PROFIT OPPORTUNITY (max)‼️

✍️ NOTE: Each TP is a POC where we expect market participation to switch from being supported by buyers to being resisted by sellers — USE THESE LEVELS AS BLOs or BSOs for your add-ons.

🔑
BLO = BUY LIMIT ORDER
BSO = BUY STOP ORDER
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
POC = POINT OF CONTROL
SL = STOP LOSS
SLO = SELL LIMIT ORDER
SZ = SUPPLY ZONE
TP = TAKE PROFIT

This is an Intermediate Time Frame trade (4 hours to 6 day):

— Offers a clearer picture of the underlying trend compared to short-term frames.

— Provides more opportunities for confirmation signals and technical analysis.

— Allows for more flexible trading schedules, trades can be held overnight.

— Suitable for swing traders and some positional traders.