January 20, 2016
- in Uncategorized by schooloftrade
Price Action Trading The Bear Breakout Strength On The E-Mini S&P 500 Futures; SchoolOfTrade.com
Selling the breakout from the sellers with further confirmation from the Pennant Pattern, we had a great run for 204 ticks this morning!
In today’s video we see the E-Mini S&P 500 Futures working aggressively lower on huge selling pressure breaking out of the bull correction.
This gave us an opportunity to sell the breakout on strength with a Pennant Pattern follow-up to put away $2,550!
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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. When the market is this bearish it is very likely to see them take some profit — I would! The important part is when they stop taking profit and look to add on for another run at the lows, you jump on board with them because you can pick up some HUGE moves!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. When the market is this bearish it is very likely to see them take some profit — I would! The important part is when they stop taking profit and look to add on for another run at the lows, you jump on board with them because you can pick up some HUGE moves!
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