Predicting Breakouts – 4 Reliable Trade Setups
We’re going into the final day of March on Tuesday, which tells us to anticipate increased volatility and make adjustments accordingly…
An even bigger clue, however, are all these easy “breakout” clues this evening, because the Emini ES, Crude Oil, and Gold are all trying for breakouts…
I want to make sure you know my four favorite breakout set-ups…
Crude Oil Pendulum Swing is a Big Clue…
Crude Oil is bearish, but a recent breakout below today’s range tells me to anticipate a pendulum-swing back up in the opposite direction…
Knowing this, my goal is to use a “crown reversal” to get long off the low, using the opposite side of the pendulum-swing as my target.
E-Mini S&P Gets Ready for a Breakout…
E-Mini S&P is bullish, and the narrowing of the price-action is a big clue that a breakout is coming soon…
Knowing this, the market is bullish, so I hope the sellers get their breakout first, so I can buy into their stops for a short-covering rally back to re-test the major high.
Gold Triangle Says Focus on the Edges…
Gold is bullish into a triangle this evening, which tells me to look for buying opportunities below the “edges” of the triangle this week…
And whenever I see ranges, I think about breakouts and failure patterns!
