First published at 23:29 UTC on August 14th, 2018.
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“Second Leg” Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Read the FULL Transcript of th…
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Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial.php
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“Second Leg” Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Read the FULL Transcript of this Video & Download Today’s Charts:
http://www.sidewaysmarkets.com/
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Crude Oil is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities using a buyer-failure up near the base of the channel tomorrow morning...
E-Mini S&P is bullish with a strong spike higher, telling me to expect one more leg higher before the sellers try fading this range breakout tomorrow morning...
Nasdaq is bullish with a trading-range, but a recent strong Spike & Channel pattern tells me I should be able to get one more leg higher for buying opportunities tomorrow morning...
Gold is bearish and trading inside a range this evening, telling me to look for selling-opportunities using buyer-failures and the '2-Try Rule' up above the range tomorrow morning...
Euro is bearish with a strong breakout below the range, telling me to wait for the sellers to finish their '2-Try Rule' and look for buying opportunities going back up into the range tomorrow morning...
We have plenty of STRONG MOVES to finish today’s session, which means I’m looking for Second Legs in tomorrow’s session, here’s the plan…
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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 ..
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