These (2) Range Reversals Might Be EASIEST Money All Week!
Wow, tomorrow’s looking great!
Markets are range-bound going into Thursday, telling us that breakouts and reversals will be the easiest ways to make money…
The key is waiting for a breakout, then use these (2) reversal patterns to trigger the entries!
Emini and Nasdaq are sideways in a range – ranges are magnets, so we’re looking for reversals around the “edges” until we see proof of a breakout!
Crude Oil is bearish with a BIG move down today, an important clue – watch the next pullback closely, and use one of these (3) entry patterns for the entry!
E-Mini S&P (ES):
Emini is trading sideways in a range, telling us to “buy low, sell high, and focus on failures” around the edges of the range.
Keys to Success:
- Bear Bias, Strong Move Higher, Range Rotation
- Up: Sellers will short buyer failures, buyers look for breakouts higher
- Down: Buyers will buy seller failures; sellers look for breakouts
- Sideways: sit on hands and wait for a breakout
E-Mini Nasdaq (NQ):
The Nasdaq is sideways and range-bound, telling us to “fade the breakouts” – buying low, selling higher, and using the 2-Try Rule for entries.
Keys to Success:
- Bear Bias, Range Rotation of the low
- Up: Sellers want buyer failures, buyers want breakouts
- Down: buyers want seller failures, sellers want breakouts
- Sideways: sit on hands and wait for a breakout.
Crude Oil Futures (CL):
Crude Oil is bearish with a BIG MOVE lower into a range, telling us that sellers will be looking for shorts off resistance levels up above the range tomorrow morning.
Keys to Success:
- Bear Bias, Big Move Down, Strong Move Retested, Range Rotation.
- Up: Sellers want to short a buyer failure while buyers look for a reversal
- Down: buyers want a crown reversal, while sellers want pullbacks
