This continues from my previous thread—linked in Related Publications.
Apologies for the delay in sharing this follow-up with TradingView. While it was delivered to my private workflow earlier, I’m now publishing it here to maintain continuity.
As you’ll see, if the structure holds, this idea may still have plenty of gas in the tank.
The week opened with one of my favourite shakeout patterns: the GUDD—Gap Up, Dump Down. It’s a momentum-swinging move that often kicks off the week.
In this case, the gap began just above the previous high:
The subsequent slump signalled a liquidity sweep—likely a Wyckoff UpThrust (UT) within a high-volatility Distribution.
On the current chart, price has since dumped significantly. That move has likely built enormous resistance overhead.
For that reason, I see little chance of another wave up or even a retest of the high.
Oil appears poised to head lower—just as fundamentals-based traders begin loading up on geopolitical risk narratives.
This setup echoes the shakeout during the Russia–Ukraine conflict, when oil topped as war headlines peaked (covered in the previous thread).
While minor bounces are possible, a short entry in this zone may offer strong risk-reward, with heavy resistance acting as protection.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Apologies for the delay in sharing this follow-up with TradingView. While it was delivered to my private workflow earlier, I’m now publishing it here to maintain continuity.
As you’ll see, if the structure holds, this idea may still have plenty of gas in the tank.
The week opened with one of my favourite shakeout patterns: the GUDD—Gap Up, Dump Down. It’s a momentum-swinging move that often kicks off the week.
In this case, the gap began just above the previous high:
The subsequent slump signalled a liquidity sweep—likely a Wyckoff UpThrust (UT) within a high-volatility Distribution.
On the current chart, price has since dumped significantly. That move has likely built enormous resistance overhead.
For that reason, I see little chance of another wave up or even a retest of the high.
Oil appears poised to head lower—just as fundamentals-based traders begin loading up on geopolitical risk narratives.
This setup echoes the shakeout during the Russia–Ukraine conflict, when oil topped as war headlines peaked (covered in the previous thread).
While minor bounces are possible, a short entry in this zone may offer strong risk-reward, with heavy resistance acting as protection.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Trade active
Boom!Massive capitulation.
Perhaps the biggest bearish candle since Russia invaded Ukraine.
Who would have thunk it 😅
Note
Oil will likely continue down and down, but I think it can be worth to take some profit here as it has been such an enormous dump today and now in higher liquidity below support.I'll keep some in trade but I will also take profit here and if a bounce comes I may re-allocate.
Its been a really great day trade 🙂.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.