Bear Trap: This Range Reversal Could Be Easy Money

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Feb 24, 2025 at 11:59 PM EST

The 60-minute chart has officially turned bearish. But with such a big move lower over the last 2 days, this Bear Trap could be easy money tomorrow morning!

Chart, Trading, Courses, Forex, Analysis

Image Source: Pixabay

Weekend’s over, it’s money time!

The 60-minute chart has officially turned bearish…

But with such a big move lower over the last 2 days, this Bear Trap could be easy money tomorrow morning!

Emini and Nasdaq are likely turning sideways into a range ahead of major news later in the week, which is great news for us…

Ranges love to rotate, and this “trap into add-on” strategy is likely where the money is made tomorrow!

E-Mini S&P (ES):

Emini is bearish into what appears to be a large range developing on the entry timeframe, telling us to buy low, sell high, and trade the rotation until we see more clarity tomorrow afternoon.

E-Mini Nasdaq (NQ):

Nasdaq is bearish and sellers just retested the low of that big move down this morning, telling me to look for a double-bottom reversal higher!

Video Length: 00:25:02

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