First published at 23:32 UTC on May 23rd, 2018.
Trading with Triangles | Crude Oil, Emini, Nasdaq, Gold & Euro
--------------------
Learn the Patterns & Join the Trade Room with our Free Trial:
http://www.schooloftrade.com/trial.php
-----------------------------------------
Read the FULL Trans…
MORE
Trading with Triangles | Crude Oil, Emini, Nasdaq, Gold & Euro
--------------------
Learn the Patterns & Join the Trade Room with our Free Trial:
http://www.schooloftrade.com/trial.php
-----------------------------------------
Read the FULL Transcript of this Video & Download Charts on our Blog:
http://www.sidewaysmarkets.com/
--------------------
Crude Oil is bearish after this morning’s inventory report, but a recent sideways range tells me that sellers may be waiting for another shot to sell at the same price from earlier this morning…
E-Mini S&P is range-bound and trading at the highs, which would normally be time to start selling, but the strength of this afternoon’s move tells me to use a "hidden channel" for buying opportunities with one more leg higher tomorrow morning…
Nasdaq is range-bound with a strong run higher this afternoon, and my plan is to use this momentum, combined with the ‘pendulum swing’ to look for buying opportunities on another leg higher tomorrow morning…
Gold is range-bound with a triangle pattern, telling me to focus on failures to fade the breakouts at the highs and lows of the range tomorrow morning…
Euro is bearish with a Spike & Channel pattern, telling me the most reliable selling-opportunities will come up above the channel using failure patterns tomorrow morning…
We continue to see ranges and triangles on the charts tonight, telling me to focus on failures above the highs and below the lows tomorrow morning…
--------------------
Trading Psychology Videos:
https://goo.gl/ipQuvn
--------------------
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..
LESS