First published at 23:29 UTC on August 5th, 2020.
We continue to see lots of bullish Spike & Range patterns on the charts this week, which tells us to look for buy setups using pullbacks below the trading-range…
We’re also seeing a lot of volatility this week as the markets anticipate more sti…
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We continue to see lots of bullish Spike & Range patterns on the charts this week, which tells us to look for buy setups using pullbacks below the trading-range…
We’re also seeing a lot of volatility this week as the markets anticipate more stimulus, which is creating a lot of sharp pullbacks which can be scary to trade…
What’s the best way to handle this jumpy price-action? The key is knowing the three basic pullbacks in a trending market – let me show you how…
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E-Mini S&P is bullish into a Spike & Range pattern tonight; this tells me to look for buy setups below the range, and since we’ve yet to see any pullbacks after last night’s blast higher, the next one might be quite large so we need to be ready…
Crude Oil is bearish after buyers failed to hold price inside today’s range; the strong move lower certainly gives the bears control, but the trading-range still feels like a price magnet overhead, so I'm going to look for sellers to fail for a short-squeeze running back up to re-test the high.
Gold is bullish and trading inside a range tonight; my goal is to look for buy setups below the range, but since we’re “rotating off the high” the best way to get long will be using a nested failure pattern.
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Economic News:
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