This Double-Top Reversal Could Earn Massive Gains On Tuesday

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Jul 17, 2023 at 9:16 PM EDT

E-mini and Nasdaq are bullish, trading right into major resistance – buyers need to show us “proof” they can hold these highs, or sellers are going to attack.

Weekend’s over – let’s make some money!

Buyers just retested last Friday’s high, and you’re probably wondering… is it time to short this Double-Top? It certainly might be…

But rather than “picking tops” in a bull market, I’ll be waiting for this reversal pattern because it might be the biggest winner of the week!

E-mini and Nasdaq are bullish, trading right into major resistance – buyers need to show us “proof” they can hold these highs, or sellers are going to attack!

E-Mini S&P (ES):

(Click on image to enlarge)

E-mini is bullish and just retested major highs from last Friday.

Buyers need to hold these highs, or sellers will look for a reversal back down to weekly lows.

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq is bullish and trading right into overhead resistance right now.

Sellers will be looking for bull traps and crown reversals to short, while buyers stay patient for their opportunity to “buy the dip” later in the day/week.

Video Length: 00:33:03

More By This Author:

This Pullback/Reversal Combination Could Be Big Money On Friday
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