Four Fake-Out Breakouts To Trade On Tuesday
Video Length: 00:47:01
Where’s my favorite entry setup for Tuesday?
We have ranges everywhere on the charts tonight, which means the best entries (and exits) will be around the “edges” of today’s trading-range…
Where should you look? Focus on major support/resistance levels just outside the range, and whatever you do, don’t fall the fake-out breakout!
E-Mini Keys to Success:
- Market tumbles lower, rebounds back into range, will we go sideways?Pullback?Go higher?
- Bulls Want to Buy Pullbacks below the range, or breakouts going higher.
- Bears Want to short the highs with reversals, or trade reversals back down again.
Best Setups for Tomorrow:
- [DOWN] – Shallow pullback trap, deep pullback failure to buy (or) 123-Reversal to sell
- [UP] – 2-Try breakout to buy (or) crown reversal to sell at all-time highs
- [SIDEWAYS] – sit on hands, wait for a breakout
(Click on image to enlarge)
Crude Oil Keys to Success:
- Range-bound market, sellers failed pendulum swing rotation, giving bulls firm control as they try to retest highs at $54.00
- Bulls Want to buy a pullback or trade the breakout higher
- Bears Want to short above the range, using it as a magnet.
Best Setups for Tomorrow:
- [DOWN] – Nested Failure to buy (or) crown reversal to sell
- [UP] – 2-Try breakout & 123-breakout to buy (or) crown reversal to sell
- [SIDEWAYS] – find new range, fade the breakouts, buy low with seller failures.
(Click on image to enlarge)
Gold Keys to Success:
- Bullish into a range, sellers looking for pendulum swing, buyers try to hold them off
- Bulls Want to buy support below the range or buy a bull breakout
- Bears Want to short above the range or trade the 123-Reversal
Best Setups for Tomorrow:
- [DOWN] – nested failure to buy (or) 2-try trap to sell
- [UP] – 123-breakout to buy (or) crown reversal to sell
- [SIDEWAYS] – sit on hands, wait for a breakout
(Click on image to enlarge)
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