How I was able to identify a 170 Tick, intraday reversal LIVE
Anthony Speciale here with Hawkeye Traders. I hope you’re having a great day!
Today, I want to share an in-depth analysis of the trade I executed this morning, as well as how other live traders in our group had the same opportunity.
Understanding how to read market signals and using the right tools can make all the difference in your trading strategy.
The Setup
I started my day early, as usual, by analyzing the market for any actionable clues.
The focus was on crude oil futures, where I observed some crucial signals that guided my trading decisions.
One of the key indicators that played a significant role in today’s trading success was the Hawkeye Wide Bars.
At 6:15 AM, I noticed a strong buying surge followed by a period of consolidation.
This consolidation was a key point of interest. Even though there was additional buying, the price struggled to close above the consolidation level.
This pattern indicated the potential creation of an area of supply. In trading, such clues are critical as they often signal potential intraday reversal.
Key Trading Signal
The crucial moment came at 8:00 AM. By then, I had already noted that if the market failed to close above the level of 78.08, a sell-off was highly probable.
This was based on the volume radar dots and the volume surges failing to push the price higher, despite the strong buying pressure.
This divergence gave me confidence to predict that the market would continue to sell off.
Indeed, after my statement, the market began to decline, moving approximately 170 ticks lower from that point.
This wasn’t a fluke; it was a result of understanding and interpreting the volume correctly.
Trade Execution and Results
As the market continued to respect the level of 78.08 as resistance, we saw repeated failures to push above it.
This pattern of strong buying that couldn’t sustain higher levels confirmed the bearish push.
Consequently, the market continued to trend lower, offering traders the opportunity to profit from the decline.
By recognizing these patterns, LIVE traders in our group could take advantage of a move that yielded as much as 170 ticks in profit.
This highlights the power of using the Hawkeye Volume Indicators to identify and capitalize on market opportunities effectively.
Learn More
If you found this analysis insightful and want to learn how to apply these strategies in your trading, I invite you to join me in an upcoming training webinar.
We will dive deeper into the relationship between volume and price action, and how you can leverage this knowledge across various markets and timeframes.
Whether you’re trading stocks, futures, forex, or cryptocurrencies, understanding these concepts is crucial for improving your trading outcomes.
Click the link below to secure your spot in the training webinar and take your trading to the next level. Join the Training Webinar
I look forward to seeing you there and helping you enhance your trading skills.
Happy Trading,
Anthony Speciale
Hawkeye Traders
Big Energy Profits
