We just completed a 2-Leg Pullback to the 200ema on the 60-minute chart…
Combine that with (2) clues on the Tick Charts, and this Crown Reversal could trigger an EPIC short squeeze tomorrow!
Remember that big move higher we saw last week?
We’ve finally pulled-back into key support…
Now we need a Crown Reversal pattern to “trap in sellers” so we can squeeze their stops!
E-Mini S&P (ES):
Emini is bearish in an overall bull market, telling me to look for buying opportunities using bear traps and double-bottoms tomorrow morning.
E-Mini Nasdaq (NQ):
Nasdaq is bearish in the short-term, but the overall bullish 60 minutes tells me to keep looking for buying opportunities with bear traps tomorrow morning.
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.