Best Way to Trade Reversals
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Crude Oil is bullish, and I would love to find some buy set-ups off the low of a hidden channel tomorrow morning.
E-Mini S&P is bullish with a range, so I’m trying to buy the lows using a 2-Try Failure pattern.
Nasdaq is bullish, and the WIDE channel tells me to wait for the deep pullback before buying into seller-failures.
Gold is range-bound, so the plan stays the same, keeping fading those breakouts on Wednesday.
Euro is bearish, but there are two big clues on this chart that make me look for reversal set-ups going into tomorrow morning.
Markets are running higher on the news from the FOMC this morning, but something tells me we’re going to see some big surprises tomorrow morning, and I have a few easy tricks for trading a reversal.
Crude Oil is bullish, but we’re too high to start buying…
Crude Oil has a bullish momentum, which tells me to look for long set-ups off the key support levels on the chart tomorrow morning.
The trading-range is a big clue, because it tells me to focus on buying the low of the range using the ‘2-Try Rule’.
The big clue is the hidden channel, which tells me I can combine the low of the channel with the low of the range for a reliable buying opportunity.
E-Mini S&P is bullish, but I’m waiting for the ‘pendulum swing’
E-Mini S&P is a bullish trend, which tells me to focus on buying opportunities at support levels after a deep pullback.
The trading-range is important because it tells me to avoid buying these highs, and stay focused on buying the lows using seller-failures.
The rising support trend-line might be the biggest clue, because it tells me exactly where I want to wait for that deep pullback so I can buy the lows tomorrow.
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Nasdaq is bullish, but we’re running into resistance
The momentum is bullish on the Nasdaq, which tells me to focus on buying opportunities at support levels tomorrow morning.
The trading-range is another big clue, because it tells us to avoid buying these highs and wait to buy the low using a 2-Try seller-failure pattern.
The most important clue is this WIDE channel because it tells us to respect the momentum of the sellers and wait for a “nested” failure set-up at the low.
Gold is range-bound so we keep fading breakouts
Gold has a neutral momentum, which means we can buy and sell with equal effectiveness.
The trading-range tells us to buy the low, sell the high, avoid the middle, and focus on failures tomorrow morning.
The resistance trend-line coming down overhead is an excellent location to sell off the high using buyer-failure patterns.
Euro is bearish, but two big clues tells us different
The bear momentum tells me to look for selling-opportunities at resistance on the Euro tomorrow morning.
The support trend-line tells me NOT to sell until we can get below the trend-line and use it as resistance.
They missed the measured-move target by only a few ticks, which is a big clue that this trend may be coming to an end.
