Gap Fill Tomorrow? Watch this Reversal Pattern
We have some great opportunities setting-up for Wednesday; Gold buyers are waiting patiently for a pullback, while sellers got their hooks into Crude Oil and Emini ES with a target all the way back at the “Weekend GAP”
E-Mini Sellers Looking for a Reversal…
E-Mini S&P is bearish after buyers failed to re-test today’s high and collapsed below the moving-average, giving me two reliable resistance zones to get short…
Knowing this, I’m waiting for a pullback off the low, and I have my eyes on selling the high of a new hidden channel with a buyer failure pattern…
Crude Oil Sellers Watching Two Key Areas…
Crude Oil is bearish with a 123-Reversal off today’s high, which tells me to look for sell setups off two key resistance areas tomorrow morning…
I have two sell zones on my radar, and the strength of the next pullback will tell me which type of entry setup will work best…
Gold Buyers Waiting Patiently for a Pullback
Gold is bullish with a spike and channel pattern, which tells me to wait patiently for a pullback into the “base” of the channel tomorrow morning…
I’m also watching a much wider channel, which would be a great place to buy, but I’ll need to use a “nested” failure pattern to absorb the momentum of the bears…
