This Fakeout Breakout Could Be A Huge Payday

black android smartphone turned on screen

Image Source: Unsplash

These charts are easy tonight, nice!
 

We finished the day with a strong pop higher into a range

Combine that with this morning’s range, and this Fakeout Breakout could be easy money!

Breakouts are likely where the money is made tomorrow…

But we can’t trade every breakout the same…

Some breakouts tell us to trade with them…

While other breakouts tell us to trade against them

How do you know which is which? 

I'll teach you the entire roadmap in tonight’s video!


E-Mini S&P (ES):
 

  • Emini is bullish with two ranges on the chart, telling me to use the most recent range as a price-magnet, and the previous range for a breakout pullback!


E-Mini Nasdaq (NQ):
 

  • Emini is bullish into a range, telling me to look for buying opportunities using bear traps off support levels below the range tomorrow morning!

Video Length: 00:28:11


More By This Author:

These Bear Traps Could Be Easy Money
This Perfect Pullback Could Make Us A Fortune On Friday
This CPI Reversal Could Be Our Biggest Win Of The Week

Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with