Best 1-2 Combination Set-Up

Markets continue to trade inside ranges this week, which means my plan is to fade the breakouts using the perfect 1-2 combination for entries and exits on Thursday.

Crude Oil Looks Bearish – But Look Closer!

Crude Oil is bullish and trying to complete it’s measured-move going higher, but the top of this range isn’t the best place to be buying, which prompts me to wait for a 2-try failure from the sellers before getting long.

Knowing this, I’m also looking for buying opportunities off the low of the range, and with the bearish momentum I’m going to use a “nested” variation of that same entry pattern.

E-Mini S&P is Bearish – But Do You See the Objective?

E-Mini S&P is bearish into a range, but the most important clue is where we are – just a few points away from re-testing Monday’s low, which is consider major support for the sellers.

Knowing this, the goal is to sell above the range high using buyer-failure patterns.

But I’m also keeping my eyes open for the sellers getting in trouble trying to go lower, because I see a big opportunity for a short-covering rally if I can find the right entry into their stops to send price racing higher.

Nasdaq Has More Room to Run! (But Will It?)

Nasdaq is bearish into a trading-range, which tells me to look for selling-opportunities up above the highs, which is also right near the high of a Hidden Channel.

Its also important to remember, unlike the E-Mini S&P, the Nasdaq has more room to go lower, which means I will keep my eyes open for selling-opportunities using buyer-failures as price rolls lower.

Gold is Flat Ahead of the ECB Announcement

Gold is range-bound with no directional bias this evening, which means the plan is to buy the low, sell the high, avoid the middle, and fade the breakouts on Thursday morning.

Euro Bearish into a Range – But Did You See The Clue?

Euro is bearish into a sideways range this evening, which tells me to look for selling-opportunities up above the highs using buyer-failures.

Knowing this, I can also see an interesting clue on the chart – the strong move higher, which tells me to wait for the second leg to complete before selling it back down to the lows again tomorrow morning.

“Success isn’t overnight. It’s when every day you get a little better than the day before. It all adds up.”