Using Price Magnets With My Favorite Entry Patterns
Video Length: 00:45:48
We’re back to our desks for another big week of trading; this week is known as Quadruple Witching, which will affect our favorite markets later this week…
In the meantime, my trading plan for tomorrow is quite easy because we have such strong price-magnets on the charts tonight.
Our only challenge is finding the best entry patterns, and I have an easy plan for us to follow – let’s get started…
E-Mini S&P Buyers Need to Hold This or Look out Below!
E-Mini S&P is bearish and appears to be trying to fill the weekend gap that is still open from last Friday.
Knowing this, I’d like to see a 123-Reversal pattern going lower so I can get short off the high of a new hidden channel.
(Click on image to enlarge)
Crude Oil Range Keeps Acting Like a Price Magnet…
Crude Oil is bearish into a trading-range, and as long as this developing hurricane doesn’t spoil the fun, I’ll be using the trading-range as a price magnet, looking to get short with buyer failure patterns…
(Click on image to enlarge)
Gold Sellers Have Last Week’s Range on Their Radar…
Gold is bullish, but the last move lower had significant strength behind it, which tells me a 123-Reversal pattern might be just around the corner…
If so, I’ll be looking for sell setups off the high of a new hidden channel before we get back to the range from last which, which is an easy price magnet for sellers.
(Click on image to enlarge)
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