Better Way to Trade Breakouts (Do the Opposite!)
Charts look great ahead of Wednesday’s trading session; we have some strong moves, failed rotations, and plenty of reliable setups on our radar…
The most important clues are all the trading-ranges on the charts, which tell us to look for breakout patterns, fake-out patterns, and traps! Here’s my game plan…
Buyers Will Be Looking for Another Leg Higher on Emini
E-Mini S&P is bullish with a strong move to finish today’s session; the strength of this move tells me to expect another leg higher on Wednesday, so I’ll be looking for seller failure patterns to get long into stops on Wednesday morning…
That Recent Spike Lower Tells the Story on Crude Oil…
Crude Oil is bearish and trading in the middle of today’s range; the range will act like a magnet, so I’ll be waiting for breakout failure patterns at key support/resistance levels for the best entries tomorrow morning…
Failed Rotation is a BIG Clue for Gold Sellers…
Gold is bearish and trading at the low of today’s range; sellers have all the momentum in this market, and when you combine that with a recent failed rotation, I’ll be looking for bear breakouts to get short, or buyer failures to sell above the highs.
