We’re headed into Friday’s trading session with lots of channels on the charts, which I love, because they give me such reliable entry and exit signals…
But the most important channel I see tonight is actually considered a “flag”, which is an impor…
We’re headed into Friday’s trading session with lots of channels on the charts, which I love, because they give me such reliable entry and exit signals…
But the most important channel I see tonight is actually considered a “flag”, which is an important clue, because flag patterns are traded differently than most channels, and I want to make sure you’re prepared – are you with me?
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Crude Oil is bearish with a flag pattern going into Friday, which means I want to buy the lows, sell the highs, and avoid the middle of the channel…
Knowing this, the real secret to trading a flag is all about the pattern and the location of the entry signal, so make sure you watch tonight’s video…
E-Mini S&P is bullish with a spike & channel pattern running higher, telling me to look for pullbacks down in the “base” of that channel…
We also have the low of a hidden-channel down at the same location, so I'm excited to see if we get the pullback before we re-test Tuesday’s high.
Nasdaq is bullish, but we just re-test yesterday’s high, which isn’t a great place to start buying, so I'm going to wait patiently for a pullback off these highs before I buy more tomorrow…
And since we’re already at the buyer’s objective, keep an eye out for a trading-range in the overnight session, and fade the breakouts!
Gold is bullish into a combination of a trading-range and a bull channel tonight, both of which tell me to look for buy setups down around the 1555 level tomorrow morning…
Just remember, when we get a deep pullback on Gold, the key is using the “nested” failure pattern to time the entry properly – you got this!
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