Don’t Let This V-Bottom Trap Steal Your Gains

Chart, Trading, Courses, Forex, Analysis

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Woah, another big leg lower!
 

But don’t let that fool you – it’s just a 2-Leg Pullback off recent highs

Focus on this V-Bottom Reversal, because that’s likely where the money is!

That leg down this afternoon had some punch to it!

That means we have (2) trades setting-up for tomorrow..

Retest trades, and V-Bottom reversals… let’s do this!


E-Mini S&P (ES):
 

  • Emini is bullish overall, but bearish into a range.
  • Knowing this, I’ll be looking for ways to buy Bear Traps off support below the range, and breakout pullbacks if we move above it!


E-Mini Nasdaq (NQ):
 

  • Nasdaq is bullish overall with a strong move lower that wants to retest.
  • Knowing this, my plan is to buy the retest of today’s low with a Bear Trap, but if price makes a V-Bottom higher, I’ll start looking for entries below swing-lows.

Video Length: 00:22:36


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