These (2) BEAR TRAPS Could Be EASY MONEY on Wednesday!
Charts are prepped – let’s do this!
Markets are range-bound tonight, but it looks like buyers are gearing-up for a run back to Monday’s high…
We have just enough space to work with, but these (2) Bear Traps are gonna be the key to getting the best entries!
Emini and Nasdaq are range-bound just below Monday’s high – I’m looking for a 2-Try breakout going higher, but don’t forget this Crown reversal too!
Crude Oil is bearish into a range – I’m watching for a Breakout-pullback going lower, but don’t miss these (2) bear traps if they fail!
E-Mini S&P (ES):
The Emini is range-bound with buyers trying to breakout and retest yesterday’s high, while sellers try to run back down into the range below.
Keys to Success:
- Mixed Bias, Big Move still untested, Trading-range
- Up: Buy the bear trap, or sell the reversal off the high
- Down: buy the bear trap, or sell the buyer failure
E-Mini Nasdaq (NQ):
The Nasdaq is range-bound with buyers trying to break free of the range for a retest of the high. Meanwhile, sellers will look for buyers to fail, so they can short back into the range below!
Keys to Success:
- Mixed Bias, Big Move still untested, Trading-range
- Up: Buy the bear trap, or sell the reversal off the high
- Down: buy the bear trap, or sell the buyer failure
Crude Oil Futures (CL):
Crude Oil is range-bound with a slight bullish slant to it, suggesting that buyers will be looking for seller failures off the lows, and bull breakouts going higher.
Keys to Success:
- Mixed Bias, Range Rotation, Support Trend-line (Channel)
- Up: Buy the Breakout, Sell the Failure
- Down: Buy the Seller failure, Sell the Breakout-pullback
