First published at 03:34 UTC on December 7th, 2018.
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Trading the 123-Reversal Pattern | Crude Oil, Emini, Nasdaq, Gold & Euro
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Read the FULL Transcript of thi…
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Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial
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Trading the 123-Reversal Pattern | 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 and trading at the high of the range, telling me to wait for the buyers to try twice before selling back down to the range low tomorrow morning.
E-Mini S&P is bullish with a short-covering rally, and with the buyers trying to go back and re-test Wednesday’s high, my plan is to look for bear-traps at support levels on the way higher.
Nasdaq is bullish with a 123-Reversal which tells me exactly where I can find the most reliable buying opportunities tomorrow morning.
Gold is bearish and trying to complete the ‘pendulum swing’ target, and I have my eye on bull-traps just above the range for selling-opportunities.
Euro is bullish and trying to break free of the weekly trading-range with a strong push higher, but since this is a range, I’m looking for these bulls to fail so I can get short back into the range tomorrow morning.
We’re back after a day off on Wednesday with some excellent opportunities setting-up for Non-Farm Payroll Friday…
We have some major 123-Reversals, a couple trading-ranges, and as always, a solid plan of attack for tomorrow morning’s session.
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