February 23, 2018
Can You Predict a Reversal? | Crude Oil, Emini, Nasdaq, Gold & Euro
“Repetition is the key to long-term success. Some people think repetition is boring, while I see repetition as sharpening the knife of success.”
Crude Oil is bullish and just reached it’s measured-move target, telling me to look for buying opportunities after a ‘2-legged pullback’ tomorrow morning.
E-Mini S&P is range-bound with a triangle pattern, telling me to “fade” the highs and lows with failure patterns tomorrow.
Nasdaq is sideways with a triangle, telling me to focus on failures around the edges of the range tomorrow.
Gold is bearish, but I need to get below a key support level before I can start looking for selling-opportunities tomorrow morning.
Euro is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities using buyer-failures up at the highs tomorrow morning.
Crude Oil Day Trading Strategy
Crude Oil is bullish and trading at the low of a channel, but the measured-move tells me to wait for buying opportunities after a ‘2-legged pullback’ down into support levels tomorrow morning.
E-Mini S&P Day Trading Strategy
E-Mini S&P is range-bound with a triangle patter, so my plan is to sell the high, buy the low, avoid the middle, and focus on failures using the ‘2-Try Rule’ tomorrow morning.
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is range-bound with a triangle pattern, telling me to avoid the middle, sell the high, buy the low, and focus on failures using the ‘2-Try Rule’ tomorrow.
Gold Day Trading Strategy
Gold is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities up around the high of the channel, but a rising support trend-line also tells me to stay patient to get below this key support level before trying to sell back down to re-test the low tomorrow.
Euro Day Trading Strategy
Euro is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities using buyer-failures up above the swing-highs waiting overhead tomorrow morning.
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