Here are the charts I mentioned in the video!
Emini Bear Trap Levels - https://prnt.sc/QTf1vth-gd8-
Nasdaq 60min Bear Trap Levels - https://prnt.sc/SByqhlwoVuhw
Crude Oil 60min Bear Trap Levels - https://prnt.sc/4cZU1fEuZRT8
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Are you ready for *Reaction* Friday?
Today’s CPI volatility had most traders using ‘small size’ – but tomorrow, we get back to ‘full strength’ to finish the week…
‘Reaction’ Friday is known for giving us fantastic opportunities, and with today’s ranges, these (2) TRAPS are likely where the best money will be made!
Emini and Nasdaq are bullish into ranges – everyone’s looking for a breakout higher, but this BULL TRAP might be the best opportunity we get!
Crude Oil is bullish into a range, and I'd love to use yesterday’s range for an easy ‘Breakout-pullback’ on Friday!
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Chart Timeframes used in this Video:
• Emini ES = 10,000 tick
• Nasdaq = 4,000 tick
• Crude Oil = 1,500 tick
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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 video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Bus..