Best Pullbacks To Watch On Wednesday

Video Length: 00:46:14

We saw some big moves on the charts today which ended up finishing the session going sideways inside of trading-ranges…

Those ranges are important because they tell us to look for pullbacks around the edges; buying pullbacks on Eminis and Crude Oil, and selling them on Gold…

And remember, when it comes to trading pullbacks, it all boils down to 2 things; location and momentum, I’ll show you why in tonight’s video…

E-Mini Keys to Success:

  • Runaway Bull Market ends in a range.
  • Bulls Want to buy a deep pullback and retest the highs.
  • Bears Want to sell a bullish reversal back to the range below.

Best Setups for Tomorrow: 

  • [DOWN] – 2-try trap to buy (or) crown reversal / 123-Reversal to sell
  • [UP] – 2-try trap to buy (or) crown reversal to sell
  • [SIDEWAYS] – define the range, buy below using seller failures

(Click on image to enlarge)

Crude Oil Keys to Success:

  • Strong bull run up to $55/barrel into a range
  • Bulls Want to buy breakouts to new highs, or pullbacks below the range
  • Bears Want to sell the high with a reversal

Best Setups for Tomorrow:

  • [UP] – 123-breakout to buy (or) crown reversal to sell
  • [DOWN] – 123-Reversal to sell (or) nested failure to buy
  • [SIDEWAYS] – sit on hands, wait to fade the breakouts

(Click on image to enlarge)

Gold Keys to Success:

  • Bearish down to major lows and into a range
  • Bears Want to sell above the range using buyer failures
  • Bulls Want to buy the bull reversal

Best Setups for Tomorrow:

  • [UP] – buyer failure to sell (or) 123-Reversal to buy
  • [DOWN] – 123-breakout to sell (or) crown reversal to buy
  • [SIDEWAYS] – sit on hands, wait to sell above range

(Click on image to enlarge)

 

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