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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