Combine that, with the bull trend on the 60m and you have the recipe for one of my favorite chart patterns…
These Slingshot Reversals can be explosive, so don’t miss this!
The setup is simple…
Bullish overall on the 60min, that’s our direction…
Bear range on the tick charts, with a breakout lower…
Bears get trapped short below the range, stops get squeezed and price slingshots higher!!
E-Mini S&P (ES):
Emini is bullish overall, and this bear range we saw this afternoon tells me to look for buying opportunities using a Slingshot Reversal!
E-Mini Nasdaq (NQ):
Nasdaq is bullish as price rotates off the low of today’s trading-range, telling me to look for buying opportunities using a breakout pullback if we see this go higher overnight!
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