The market shows renewed bullish momentum after strong moves in the Nasdaq and S&P, supported by breakout strength above the 21 EMA. The strategy focuses on trading pullbacks using key concepts like bull traps, bear traps, breakout pullbacks, and retests.
Traders are advised to exploit range behavior and measured moves, with flexibility for deep or shallow pullbacks, V-bottoms, and scalping opportunities.
Key resistance and support zones are derived from prior ranges and breakout legs, while upcoming economic data (especially ISM) may influence volatility and direction.
Video Length: 00:25:52
Comments
Log in or sign up to join the conversation.