These (2) Bear Traps Could Be Easy Money On Wednesday

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Jan 10, 2023 at 8:03 PM EST

Markets are range-bound tonight, but it looks like buyers are gearing up for a run back to Monday’s high.

Markets are range-bound tonight, but it looks like buyers are gearing up for a run back to Monday’s high…

We have just enough space to work with, but these (2) Bear Traps are gonna be the key to getting the best entries!

E-mini and Nasdaq are range-bound just below Monday’s high – I’m looking for a 2-Try breakout going higher, but don’t forget this Crown reversal too!

Crude Oil is bearish into a range – I’m watching for a Breakout-pullback going lower, but don’t miss these (2) bear traps if they fail!

E-Mini S&P (ES):

(Click on image to enlarge)

The Emini is range-bound with buyers trying to breakout and retest yesterday’s high, while sellers try to run back down into the range below.

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

The Nasdaq is range-bound with buyers trying to break free of the range for a retest of the high. Meanwhile, sellers will look for buyers to fail, so they can short back into the range below!

Crude Oil Futures (CL):

(Click on image to enlarge)

Crude Oil is range-bound with a slight bullish slant to it, suggesting that buyers will be looking for seller failures off the lows, and bull breakouts going higher.

Video Length: 00:41:13

More By This Author:

These 3 Bull Traps Could Easily 10x Tomorrow Morning
These Two Traps Are The Key To Making Money On Wednesday
This Bear Trap Pullback Could Be Easy Money Ahead Of Election

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