REVERSAL ALERT!! This 15x Reversal is my Favorite Trade for Tuesday!!
Welcome back, let’s get to work!!
Markets are bearish after a big move lower today, but there are (3) reasons why this reversal trade is my favorite trade for Tuesday – don’t miss it!!
Emini and Nasdaq are bearish into ranges – I’d love to trade one of my breakout patterns, but this reversal might be too good to pass up!!
Crude Oil is bullish after a strong rotation off today’s low – breakouts going back to $110 are definitely on my radar, but this “trap pullback” is even better!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish into a trading-range. Sellers finally got their deep pullback and currently trying to retest today’s low and push lower.
Will sellers fail this retest? If so, look for a slingshot reversal higher!
Keys to Success:
- Strong Move Down, Bearish Range, Possible Failure to Retest?
- Buyers want a reversal back to fill today’s GAP
- Sellers want to breakout lower for another leg down.
E-Mini S&P (ES):
The Emini ES is bearish into a trading-range and sellers just recently completed their retest of today’s lows.
Now we wait to see if sellers can get a breakout going lower, or if buyers can grab a reversal off these lows.
Keys to Success:
- Strong Move Down Retested, Bearish Range, Pendulum-swing
- Buyers want a reversal off today’s low
- Sellers want a breakout for another leg lower
Crude Oil Futures (CL):
Crude Oil is bullish after a strong rotation off the low of today’s range with buyers trying to retest last week’s high. Sellers are trying to hold for a run back to the lows.
Keys to Success:
- Bearish Range, Bullish Rotation off the low
- Buyers want a breakout going higher
- Sellers want a move back to retest today’s low
