First published at 11:07 UTC on December 13th, 2018.
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The Rule of Thirds | Crude Oil, Emini, Nasdaq, Gold & Euro
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Learn the Patterns with My Free Trading Course:
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The Rule of Thirds | Crude Oil, Emini, Nasdaq, Gold & Euro
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Read the FULL Transcript of this Video & Download Today’s Charts:
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Crude Oil is bearish with a strong run lower, telling me to expect another leg, so I’m looking at a key reversal-line for selling-opportunities tomorrow morning.
E-Mini S&P is bearish, hunting for the low of the range, so my plan is to find selling-opportunities on the way down, looking above the moving-average for buyer-failures along the way.
Nasdaq is bearish after a 123-Reversal, which means I have a hidden channel and I’m waiting to sell off the high.
Gold is trading sideways ahead of tomorrow’s ECB Announcement, which tells me to stay patient and wait for opportunities to fade the breakouts after the news is released.
Euro is bullish, but we’re in the middle of a range, so my plan is to look for seller-failures to buy the low of the range tomorrow morning.
These markets are rotating beautifully inside some key ranges this week, some of which are WIDE, which tells us to use the “rule of thirds” to find the best trading opportunities tomorrow morning.
What's the rule of thirds? Whenever I see a wide range on the chart, it helps to break the range into thirds, focusing on buying the lower third, selling the upper third, and avoiding the middle third.
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