March 8, 2016
- in Uncategorized by schooloftrade
Selling The Spike and Ledge Pattern On The E-Mini S&P 500 Futures; SchoolOfTrade.com
Selling the Spike and Ledge Pattern allowed us to pick up 66 ticks back to the lows of the day this morning!
In today’s video we see the E-Mini S&P 500 Futures forming a potential Spike and Ledge with buyers completely failing to move up.
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Spike and Ledge formations like this can give you some HUGE moves but when the day is slow in general it is best to play on the safe side and take profit where support is likely to come in as we saw today!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Spike and Ledge formations like this can give you some HUGE moves but when the day is slow in general it is best to play on the safe side and take profit where support is likely to come in as we saw today!
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