Trend Reversal Strategy, 3 Patterns I Trust
Markets got a surprise rate-cut from the FED this morning which led to a complete reversal of yesterday’s trend, and tells me to be watching for some key reversal set-ups on Wednesday…
And since we’re seeing a lot of trend reversals this month, I want to make sure you know the three patterns I trust most for trading them, let’s go…
Crude Oil Bears Want the GAP Fill, But Don’t Count the Bulls Out Yet…
Crude Oil is bearish but we’re trading just below today’s range, so I’m looking for ways to buy this low while respecting the bear momentum with a “Crown Reversal” pattern…
Hidden Channel is Ideal for Bears to Short Off the High…
E-Mini S&P is bearish and trading just inches about major support, which isn’t a reliable place to sell, so I’m going to wait for a better sell setup off the high of a hidden-channel waiting overhead…
Nasdaq Bears Would Love to Short This Triangle Top…
Nasdaq is bearish with a strong run back to the weekly GAP, but I don’t want to chase this move lower, so I’m going to wait to sell the high of a new expanding triangle instead…
Gold Bulls Want to Re-Test Yearly Highs, but where’s the entry?
Gold is bullish with a strong run higher into a range this evening, which tells me to look for buy setups using failure patterns below the range, while keeping an eye out for a 123-Breakout into hidden-channel pullback on the way back up to re-test the yearly high…
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