Trading Triangles on Non-Farm Payrolls | Crude Oil, Emini S&P, Nasdaq, Gold
We’re headed into Friday’s Non-Farm Payroll Report, the biggest news of the month, which means anything is possible, and time is of the essence…
And I see BIG CLUES on the charts tonight, making it easy to plan the best entry set-ups and exit targets for tomorrow – are you ready?
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Crude Oil is bullish as the buyers try to claw their way back into the range from the beginning of today’s session, but this bull momentum may not last very long because of a strong shot lower over lunch…
My plan is to buy below the range with a seller-failure pattern, but the potential for a re-test of today’s low tells me I need to use a specific entry pattern to protect against losses…
E-Mini S&P is bullish and trading in the middle of today’s trading-range, which tells me to look for buy setups below the lows, and reversals above the highs…
Knowing this, I have my eyes on the low of an expanding triangle to buy the low, or a crown reversal pattern to sell above the high.
Nasdaq is bullish and trying to complete a pendulum-swing going back above the high of today’s trading-range, which tells me to look for buy setups below the range and reversals to sell above the range…
Knowing this, I can see a hidden-channel waiting to buy below the low, and I'll use the range-expansion levels to sell overhead.
Gold is bearish into a triangle ahead of tomorrow’s major news, which tells me to look for sell setups above the triangle high, and reversal long set-ups down below the low…
And speaking of buying off the low, we’re nearly FOUR legs down off yesterday’s high, which is a great place to start looking for a bounce off the lows, but don’t force it, stay patient and wait for the proper reversal pattern to get long.
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