We’re headed into Friday morning’s Non-Farm Payroll Report with a handful of ranges, but the biggest clue I see are these “four-legged moves”, which tell us two possible scenarios to look for on Friday.

Crude Oil is bullish into a trading range, which tells me to look for buying opportunities below the range using seller-failure patterns.

Knowing this, I’m also looking for a potential breakout to new highs, which may be an easy buying opportunity ahead of the measured-move objective.

E-Mini S&P is Bearish But Watching for Reversal

E-Mini S&P is bearish into a trading range, which tells me to look for selling-opportunities up near the high of the range tomorrow morning.

However, I’m also keeping a close eye on the momentum shifting as price goes higher, which may tip us off to a possible bullish reversal after the news tomorrow morning.

Nasdaq is Bearish and Expects Another Leg

Nasdaq is bearish with a strong two-legged run lower today, which tells me to look for selling-opportunities up near the high of a Hidden Channel.

Considering the strength of this move lower, I’m also looking for a possible “overshoot” of today’s low with potential buying opportunities going up off the bottom if the sellers fail to hold.

Gold is Range Bound Ahead of News

Gold is sideways and range-bound ahead of tomorrow’s big news report, which tells me to stay patient for buying opportunities below the lows and selling-opportunities above the highs.

Knowing this, I need to wait for a breakout of the range and then looking for ways of buying low and selling higher until we see a successful 123-Breakout.

Euro is Bearish, Four Legs Lower Tells the Story

Euro is bearish with four legs lower, which always alerts me to watch for a trading-range.

Furthermore, if we do see a trading-range the plan is quite simple; buy the low, sell the high, avoid the middle and use the ‘2-Try Rule’ to fade the breakouts.