Trading with Wedges | Crude Oil, Emini, Nasdaq, Gold & Euro
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Crude Oil is bearish with a triangle, telling me to focus on buyer-failures using the “swings” above the range to sell back down to the lows…
E-Mini S&P is bullish with a strong run higher, telling me to look for a Spike & Range along with those 2-Try Failure patterns tomorrow morning…
Nasdaq is bullish with a wedge pattern, telling me to keep my eyes open for a deep pullback and a re-test of the high tomorrow morning…
Gold is bearish with a Spike & Channel, telling me to look for buying opportunities using a buyer-failure pattern up at the range highs…
Euro is bearish with a collapse off the highs, telling me to look for selling-opportunities at the high of a hidden channel tomorrow morning…
Tomorrow is FOMC Day, telling us to find those opportunities as EARLY as possible tomorrow morning, and as always, I have a great plan for you…
Crude Oil Day Trading Strategy
Crude Oil is bearish with a range and hidden channel on the chart this evening…
The bears have the momentum, telling me to look for selling-opportunities up above the range high tomorrow morning…
And with this being a triangle, I know the best opportunities will likely come around the pivots using the 2-Try buyer-failure pattern…
E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish with a channel and a strong run higher today…
The bulls have the momentum, telling me to look for buying opportunities at support levels tomorrow morning…
But other than this channel, there isn’t much to work with… which reminds me – any time we see such a strong run in one session, the following day is often a range or a flag pattern…
If it’s a range, we want to use those 2-Try Failure patterns, and if it turns into a flag, we’re looking for the breakout-pullback…
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a wedge, measured-move and hidden channel on the chart tonight…
The bulls have the momentum, and with this wedge getting narrower by the minute we can eventually expect a pullback, which will likely be our biggest opportunity tomorrow morning…
One thing to keep in mind – whenever we see a strong move like this in one session, the following day is almost always a range or a flag, so we need to be prepared for those also…
Gold Day Trading Strategy
Gold is bearish with a triangle, and Spike & Channel on the chart this evening…
The bears have control after the buyers failed to re-test the monthly highs, and this strong momentum going lower looks like a Spike & Channel, which is important because Spike & Channel patterns always tell me to stay patient and wait for a bull-trap or buyer-failure to sell short tomorrow morning…
Euro Day Trading Strategy
Euro is bearish with a strong move lower, hidden channel and wide bull channel on the chart this evening…
The bears have the momentum after price collapsed off this morning’s high, telling me this strong move lower is most likely just buyers getting out…
Which is important, because eventually there wont be many sellers left in this market and price will need to pull back to find more bears…
So im looking for that pullback, and I have my eyes on the high of this hidden channel for a full rotation back down to the channel lows…
