First published at 02:04 UTC on August 2nd, 2018.
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Reversal-Line Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial.php
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Reversal-Line Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Read the FULL Transcript of this Video & Download Charts on our Blog:
http://www.sidewaysmarkets.com/
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Crude Oil is bearish with a WIDE, almost FLAT channel, which tells me exactly where and when to be looking for reliable selling-opportunities tomorrow morning...
E-Mini S&P is range-bound and stuck in the middle of the range this evening, telling me to stay patient and buy the low, sell the high, and avoid the middle using the '2-Try Rule' tomorrow morning...
Nasdaq is bullish and rotating off the low of a range and major bull channel, but the big clue is a much smaller Spike & Channel begging me to wait to buy a bear-trap below the lows tomorrow morning...
Gold is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities using buyer-failures up at the highs of the channel tomorrow morning...
Euro is bearish with both wedges and Spike & Channel patterns – telling me to focus on selling-opportunities using buyer-failures after a deep pullback tomorrow morning...
We’re looking at a big opportunity tomorrow morning – coming out of FOMC and before Friday’s Non-Farm Payroll report – tomorrow is the open space that traders are waiting for this week, and as always…
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