Breakout Alert: This ‘Bear Trap’ Could Be An Easy 10x Payday

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Jul 6, 2022 at 9:13 PM EDT

Emini and Nasdaq are bullish with a range breakout, I’ll be looking to “trap in the bears” for an explosive move higher, but don’t forget the failure if it signals.

Video Length: 00:43:57

This range breakout might be the easiest trade of the week, and this “stop run” could make hitting your targets even easier!

Emini and Nasdaq are bullish with a range breakout – I’ll be looking to “trap in the bears” for an explosive move higher, but don’t forget the failure if it signals!!

Crude Oil is bearish into a range, but are you seeing this new “pop and grind” channel that just formed? That changes everything!!

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

The Nasdaq is bullish after a strong breakout higher this afternoon, but it’s not easy to find good buying opportunities with major resistance overhead and a range below us.

Keys to Success:

Trading range, Strong breakout higher, resistance overhead
Buyers want a retest of today’s high, along with breakouts higher
Sellers want a reversal off this major resistance

E-Mini S&P (ES):

(Click on image to enlarge)

The Emini is bullish with a strong breakout higher, but we need to see if buyers can hold this with major resistance overhead and a range below us.

Keys to Success:

Trading range, Strong breakout higher, resistance overhead
Buyers want a retest of today’s high, along with breakouts higher
Sellers want a reversal off this major resistance

Crude Oil Futures (CL):

(Click on image to enlarge)

Crude Oil is bullish with the pop and grinds channel trying to go back to $100 tomorrow morning, but this recent bearish range might be too strong of a magnet!

Keys to Success:

Bearish into a range, pop, and grind channel, $100 magnet above
Buyers want a trap off a new channel low or a breakout higher
Sellers want a reversal of back $95 lows

More By This Author:

Breakout Alert: This ‘Short Squeeze’ Could Be Huge
Reversal Alert, This Short Squeeze Could Easy 15x Tomorrow
Back To Work – Time For The Snap Back!

Disclaimer:

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