Ready For The Reversal? (Best Entry Patterns)
(Video length 00:41:25)
We’re back to our desks for another big week of trading, and with big moves on the charts this afternoon we’re looking forward to big opportunities in Tuesday’s trading session…
Crude Oil and Gold are both range-bound this evening, which means we’ll be looking for failures and breakouts tomorrow morning, and after a big collapse on the Emini ES, I’ll be looking to short the pops or get long into a reversal. Are you ready for tomorrow? Let me show you my plan…
E-Mini Sellers Have Control, But Can They Hold It?
E-Mini S&P is bearish with a strong move lower today, telling us to look for short setups at key resistance levels up around 3445 tomorrow morning…
The most exciting part of the Emini, however, is the “weekend gap” up around 3464, reminding us to be prepared to trade the 123-Reversal pattern if sellers lose control…
Crude Oil Range Tells us to Fade the Breakouts…
Crude Oil is bullish into a range this evening, which tells us to look for buy setups at support levels down below the range tomorrow morning. I have my eyes on the low of an expanding triangle-down around 40.60.
Gold-Bears Need to Stay Patient on the Next Pullback…
Gold is bearish and trading just below today’s range, which isn’t a great place to get short. I’ll be waiting for a “nested” failure pattern to get short above the range highs while watching closely for a potential 123-Reversal as momentum swings back in favor for the bulls…
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