These (2) RANGE REVERSALS Could Be BIGGEST Trades of the Week!
Lots of ranges right now, my favorite!
Ranges act like magnets, so the key to making money on Thursday will likely be reversals off the highs and lows of the range…
Timing is everything when it comes to ranges – we can’t force the entries, so let’s use *stops as fuel* with these (2) simple reversal patterns!
Emini and Nasdaq are bearish, but *rotating higher* off today’s low – lets hope buyers get a breakout so we can look for bull traps to short back down again!
Crude Oil is bearish with a ‘Pop & Grind’ channel – I’d love to grab a *crown reversal* off major support below, then into a bull trap off the highs!
E-Mini S&P (ES):
Emini is bullish as price rotates off today’s low, giving buyers a chance for a breakout, and sellers the opportunity to FINALLY sell the bounce!
Keys to Success:
- Bear Bias, Range Rotation
- Up: Buy Bear Traps, Sell Reversals
- Down: Buy Reversals, Sell Breakouts
E-Mini Nasdaq (NQ):
Nasdaq is bullish as price failed to complete it’s rotation back to range lows, giving buyers an opportunity for a breakout, and sellers a chance to sell at a higher price.
Keys to Success:
- Bear Bias, Failed Rotation, Bull Channel
- Up: Buy Bear Traps, Sell Reversals
- Down: Buy Reversals, Sell Breakouts
Crude Oil Futures (CL):
Crude Oil is bearish with a ‘Pop & Grind’ channel running lower into major support below. Sellers will be looking for DEEP pullbacks to avoid major support, and buyers will have a chance to grab control with a reversal.
Keys to Success:
- Bear Bias, ‘Pop & Grind’ Channel, Major Support
- Up: Buy Bear Traps, Sell Buyer failures
- Down: Buy Crown reversals, Sell Pullback
