November 2, 2020

Avoid these Traps on Election Day (Tuesday’s Plan)

Avoid these Traps on Election Day

We’re heading into one of the busiest weeks of the year.  With the Presidential Election tomorrow, FOMC on Thursday, and the Jobs Report on Friday, there should be plenty of trading opportunities for us this week…

But first, I’m seeing some hidden traps on the charts tonight.  I want to make sure you aren’t a victim of these traps, and I’ll show you how to turn them into reliable opportunities on Election Day Tuesday. 



E-Mini Buyers Have Control, But Don’t Get Comfortable…

E-Mini S&P is bullish into a trading-range, which tells us to look for buy setups at support levels below the range, along with breakout patterns if the bulls can keep this going…

Keep in mind, if we get the pullback, momentum will turn bearish, so it’s best to use a “nested” failure pattern for the entry.  I’ll show you in tonight’s video…


Crude Oil’s Big Run Says Expect a Range Tomorrow…

Crude Oil is bullish with a strong run higher today, telling us to anticipate a range-bound market on Tuesday morning…

Knowing this, I’ll be looking to buy seller failure patterns below the range using key support levels, and I have my eyes on the low of a new hidden channel…


Gold Buyers Would Love a Pullback, But Watch Closely…

Gold is bullish with a choppy move higher today.  The charts “smells” like a range, so I’ll be looking to get long below the range at key support levels…

My favorite place to find the entry will be around the low of an expanding triangle, which is perfectly aligned with the low of a hidden channel…


    schooloftrade

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