One TINY Candle Can Tell A Detailed Story Of What’s To Come

Welcome, fellow traders! Anthony Speciale here with Hawkeye Traders. I’m excited to share the details of a successful crude oil trade I executed this morning.

It’s a great example of how understanding the relationship between volume and price action can lead to profitable trading decisions.

Let’s dive into the specifics of this trade so you can see exactly how it unfolded and, more importantly, how you can apply these insights to your own trading strategy.

The Setup: Spotting a Reversal

This trade took place in light sweet crude oil on a three-minute chart. The key moment happened at 10:54 a.m. Eastern Standard Time.

Earlier in the morning, the market established a significant low, followed by a retracement through some overnight price action.

As the market started to retrace, I noticed something crucial – a series of small candles with large wicks to the upside.

This indicated a loss of momentum among buyers, which often precedes a reversal.

Volume as a Key Indicator

What really caught my attention was the buying volume that started to increase as the market approached a key resistance level.

On the 10:54 candle, buying volume surged, but the candle itself was very small, with a significant wick on top.

This is a classic sign of buyers being absorbed and overpowered by sellers.

The market’s inability to push higher, despite the increased buying volume, signaled a potential reversal.

Executing the Trade

Based on this analysis, I decided to enter a short position as the market began to drop.

I got short and quickly covered my position on the way to price approaching $73.00.

My strategy was simple: take advantage of the market’s weakness and secure profits before the market had a chance to reverse against me.

The Outcome

The trade worked out beautifully. In a very short time I quickly paid and protected myself, translating into substantial profits.

The key takeaway here is that understanding the interaction between volume and price action allowed me to confidently execute this trade.

Learn and Apply: Watch the Full Trade Breakdown

I’ve documented the entire trade in a video, detailing every step from entry to exit. ⬇

You’ll see where I moved my stop, how I managed the trade, and each decision I made.

This is not hindsight analysis – it’s real-time trading captured for your educational benefit.

If you’re serious about improving your trading skills, I encourage you to watch the video and see for yourself how this trade played out.

Understanding the dynamics of volume and price action is a game-changer, whether you’re trading stocks, futures, Forex, or cryptocurrencies.

Take the Next Step: Join Our Training Webinar

After you watch the trade video, I invite you to join me in an exclusive training webinar.

In this session, we’ll dive deep into the relationship between volume and price action and how it applies across various markets and trading styles.

Whether you’re a scalp trader, day trader, swing trader, or position trader, this knowledge is crucial for your success.

During the webinar, I’ll also guide you through setting up Hawkeye Volume on your trading platform.

This powerful tool is compatible with TradeStation, TradingView, NinjaTrader, and MetaTrader.

Plus, you’ll gain access to the Hawkeye Volume Mastery Series, allowing you to continue learning and refining your skills at your own pace.

Don’t miss out on this opportunity to elevate your trading. Watch the video, join the webinar, and start mastering the techniques that can transform your trading results.

Happy Trading,

Anthony Speciale

Hawkeye Traders

Big Energy Profits