We saw some BIG RUNS in today’s session, but it looks like a few of these markets have reversed momentum, which usually means there will be opportunities to “trap” the trend-followers on the wrong side tomorrow morning.
--------------------
Learn the …
We saw some BIG RUNS in today’s session, but it looks like a few of these markets have reversed momentum, which usually means there will be opportunities to “trap” the trend-followers on the wrong side tomorrow morning.
--------------------
Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial
-----------------------------------------
Crude Oil is bearish after the buyers failed to hold the pullback, but I'll bet we’re still going to see a few bulls trying to force this higher, and if we do, I'm looking to “trap” them on the wrong side of the market tomorrow morning.
E-Mini S&P is bullish with a Spike & Range pattern, which tells me to use the trading-range to find reliable support levels to buy with on Wednesday.
Nasdaq is bullish with a Spike & Channel pattern, which tells me to look for “bear traps” down below the swing-lows on the chart tomorrow.
Gold is range-bound with a triangle pattern, which means I'm looking for opportunities to fade the breakouts on Wednesday using the '2-Try Rule'.
Euro is bullish with a strong move higher, and I'm waiting for either a deep pullback or an aggressive 2-Try Failure if we go higher.
--------------------
Read the FULL Transcript of this Video & Download Today’s Charts:
http://www.sidewaysmarkets.com/
--------------------
Trading Psychology Videos:
https://www.sidewaysmarkets.com/trader-psychology/
--------------------
Become a Member and Join the Trade Room:
http://www.schooloftrade.com/
--------------------
Contact the office for more information:
[email protected]
800.381.2084
Skype: Megan.James12345
----------------------------------------------
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 hi..
