Bear Trap: This Range Reversal Could Be Easy Money

Chart, Trading, Courses, Forex, Analysis

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Weekend’s over, it’s money time!
 

The 60-minute chart has officially turned bearish…

But with such a big move lower over the last 2 days, this Bear Trap could be easy money tomorrow morning!

Emini and Nasdaq are likely turning sideways into a range ahead of major news later in the week, which is great news for us…

Ranges love to rotate, and this “trap into add-on” strategy is likely where the money is made tomorrow!


E-Mini S&P (ES):
 

  • Emini is bearish into what appears to be a large range developing on the entry timeframe, telling us to buy low, sell high, and trade the rotation until we see more clarity tomorrow afternoon.


E-Mini Nasdaq (NQ):
 

  • Nasdaq is bearish and sellers just retested the low of that big move down this morning, telling me to look for a double-bottom reversal higher!

Video Length: 00:25:02


More By This Author:

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These Bear Traps Could Be Easy Money

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