Which Pattern Works Best?

Are these markets bouncing because they’re ready to reverse directions?  Or, is this just profit-taking ahead of another round of selling tomorrow morning?

The answer is easier than you think – and it tells us exactly which patterns will work best for Wednesday’s trading session – let’s go!

Crude Oil is Range-Bound Ahead of News

Crude Oil is bearish and finished the session inside a range, which tells me to focus on failures – buying the lows, selling the highs, and avoiding the middle.

But the REAL key on Crude Oil is all about TIME – making sure we grab those set-ups before tomorrow’s big news report.

E-Mini S&P is Bearish, But Look at That Pullback!

E-Mini S&P is bearish in trend, but bullish in short-term momentum, which tells me which patterns will work best tomorrow morning.

Knowing this, I’m ready for both buying and selling-opportunities – all we need is the entry set-up.

Nasdaq is Bearish – But Did You See That Bounce?

Nasdaq is bearish in the long-term, but the short-term momentum is clearly bullish coming off today’s low.

And that momentum is a critical piece of information, because it tells us precisely which patterns will work best (and worst) on Wednesday morning.

Gold is Bullish – But Look Closely!

Gold is bullish and trading up at the highs of a range, which is a horrible place to look for buy set-ups.

Instead, I’d rather wait for more confirmation using the 123-Breakout before I try buying the next pullback.

Not to mention, the top of the range is an excellent place to sell, but I need to use the short-term momentum in the correct way, with the “nested” failure set-up.

Euro is Range-Bound – But Check the Middle!

Euro is bullish, and I’d love to buy below the range lows, but the only entry pattern I’m seeing puts me in the middle of the range, which isn’t a very reliable place to buy.

Knowing this, I’m going to stay patient and wait for more reliable buying opportunities down below the trading-range, using the 2-Try Failure set-up to buy into the stops of the counter-trend sellers.

“The person who says something is ‘impossible’ should not interrupt the person who is doing the impossible.”