"Blow Off" Pattern Secrets

(Video length 00:50:00)

Markets are heating-up going into Tuesday’s session — and with some big “blow off” patterns on the chart tonight, I have the perfect plan to help us find the best trades tomorrow morning.

Crude Oil is bullish and trying to complete a massive ‘pendulum swing’ going higher, but I’m going to skip chasing the run higher and wait for a pullback to the low of a Hidden Channel.

E-Mini S&P is bullish with a flag pattern tonight, which tells me to look for opportunities to “catch” the sellers on the wrong side of the market tomorrow morning.

Nasdaq is bearish and just about to take out the stops of the buyers from earlier this morning, so I’m looking for a quick opportunity to get short before we get there!

Gold is bearish and looking for a re-test of today’s low, but don’t tell that to the BUYERS in the market because we’re hoping they try once more so we can sell into their stops tomorrow morning.

Euro is bearish and rolling lower, which tells me to look for selling opportunities at key resistance levels, but the BIG CLUE is the “blow off” pattern telling us precisely where to look for the entry.

Crude Oil is Bullish, But Don’t Chase!

The bulls have control, which tells me to look for buying opportunities at key support levels below the moving-average tomorrow morning.

Knowing this, my goal is to wait for a pullback so I can buy off a key trend-line at the low of a new Hidden Channel.

I also want to remind you NOT to chase the move higher.  The better plan is to look for a small “trap” for buying opportunities if it doesn’t pull back.

E-Mini S&P is Bullish, But Don’t Tell the Bears!

This strong run higher, combined with the lack of any strong run lower, tells me the bulls still have control of this market (at least for now!).

Because of this, I can assume there will be sellers looking for bull-traps up in the “trap zone” which is exactly where I’m going to be looking for seller-failures as buying opportunities going up to the target at the highs.

1 2
View single page >> |

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

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.