FV Trading Price 'Rejection'


(Video length 00:53:16)

Understanding how to identify “rejection” on the chart is one of the key secrets to identifying reversals, entries, and exits – and with Crude Oil, E-Mini S&P, and Nasdaq all giving us clear signs of rejection, that’s the focus of today’s newsletter.

Crude Oil is bullish after a clear bearish rejection, but before we look to buy this market, I’m waiting on one more set-up to trigger.

E-Mini S&P is bullish after bearish rejection, and after the sellers tried (and failed) twice, it’s time to start getting serious about a short-covering rally.

Nasdaq is bullish with a 123-Reversal, but I don’t want to chase this market higher, and I’m waiting for bear-traps to get long going back to this morning’s high.

Gold is range-bound, which means the plan is to fade the breakouts using the ‘2-Try Rule’ tomorrow morning.

Euro is bullish, but look closely at the chart and it’s easy to see a big selling-opportunity for tomorrow’s session – all we need is the right entry trigger.

Crude Oil is Going Back into Today’s Range

Crude Oil is bullish, which means I want to buy at key support levels tomorrow morning.

The trading-range is another big clue because it gives me an easy target for a long set-up, I’m watching at this key support trend-line coming up from below.

E-Mini S&P is Rallying Back to This Morning’s High

The E-Mini S&P is bullish after a clear rejection off the lows into a 123-Reversal, which means I want to find a Hidden Channel for buying opportunities tomorrow morning.

If we don’t get the pullback off the high, the next step is to look for signs of a short-covering rally.

Trap patterns are going to the best way to buy this market if we get the short-covering rally running higher, and the target is up at 2655.

Nasdaq is Ready to Run Higher

The Nasdaq is bullish after seeing rejection off today’s low.

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.