Emini – https://prnt.sc/r7htb5R3YLpW
Nasdaq – https://prnt.sc/uMH6v_Qp9NeJ
Crude Oil – https://prnt.sc/eHVPbzIDZ4n8
One more Emini Bear Trap I forgot to mention - https://prnt.sc/4ClplUL3FsPa
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Here we go again – back to work!
Markets are bullish after Friday’s massive short squeeze sent prices racing higher – but how many buyers are still interested way up here?
BIG MOVES like these tell us to wait for deep pullbacks, and the easiest way to make money is often a BEAR TRAP, just like this one!
Emini and Nasdaq are bullish, but we’re WAY high up on the chart – I'm open to another breakout higher, but I hope we get this bear trap first!
Crude Oil is bullish, but buyers are struggling to breakout higher – keep your eyes open for this Crown reversal off today’s low, the perfect bear trap!
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Chart Timeframes used in this Video:
• Emini ES = 8,000 tick
• Nasdaq = 4,000 tick
• Crude Oil = 2,000 tick
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Busine..
