FV Trading Price 'Rejection'

 

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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.

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