These Fake-Out Breakouts Could Earn Big Profits Tomorrow

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Oct 17, 2023 at 10:50 PM EDT

Markets made wild swings back and forth today, which is an easy clue for an experienced trader. Smells like a range is developing overnight, which means these *Fake-out Breakouts* are likely where the easy money will be tomorrow!

Back to work! Let’s make some money!

Markets made wild swings back and forth today, which is an easy clue for an experienced trader…

Smells like a range is developing overnight, which means these *Fake-out Breakouts* are likely where the easy money will be tomorrow!

Emini and Nasdaq are both bullish overall, but developing into a range in the short term…

Ranges act like magnets, so the plan is to “trade the edges” using these 2 simple entry patterns – don’t miss them!

E-Mini S&P (ES):

(Click on image to enlarge)

Emini is bullish into a trading range, telling us that buyers will be looking for bear traps to buy support below the range, along with breakout-pullbacks going higher.

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq is range-bound ahead of major earnings tomorrow, and the bullish overall bias tells us to look for seller failures to buy off range lows, and breakout-pullbacks going higher.

Video Length: 00:32:28

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