Are You Watching These Ranges For Tomorrow?

Video Length: 00:46:33

We’re seeing lots of range-bound markets on the charts tonight, which makes our trading plan simple for Friday;we’re looking for failures and breakouts

The Emini still hasn’t given us that deep pullback we’re all waiting for, Crude Oil sellers have a big “rotation” problem, and Gold looks ready for another bull breakout. My charts are prepped and ready – Are yours?

E-Mini Keys to Success:

  • Bullish into a sideways trading-range
  • Bulls Want to buy at support levels below the range with seller failures
  • Bears Want to sell the crown reversal or 123-Reversal patterns

Best Setups for Tomorrow: 

  • [UP] – 123-breakout & 2-Try breakout to Buy (or) Crown reversal to sell
  • [DOWN] – Seller failure at support to buy (or) 123-Reversal to sell
  • [SIDEWAYS] – Sit on hands, wait for the breakout

(Click on image to enlarge)

Crude Oil Keys to Success:

  • Bearish into a trading-range (rotation is key)
  • Bulls Want to buy failures below the range or trade a breakout
  • Bears Want to sell above the range or trade the breakout

Best Setups for Tomorrow:

  • [UP] – buyer failure at resistance to sell (or) 123-breakout to buy
  • [DOWN] – 123-breakout to sell (or) nested failure to buy
  • [SIDEWAYS] – sit on hands, wait for a breakout

(Click on image to enlarge)

Gold Keys to Success:

  • Bullish into a sideways trading-range
  • Bulls Want to buy at support below the range, or buy the bull breakout
  • Bears Want to sell reversals above the range, or sell bear breakouts.

Best Setups for Tomorrow:

  • [UP] – 123-breakout & 2-Try breakout to buy (or) crown reversal to sell
  • [DOWN] – seller failure at support to buy (or) 123-breakout to sell
  • [SIDEWAYS] – sit on hands, wait for a breakout

(Click on image to enlarge)

 

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

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.