Hidden Ranges, Trade the “Snap Back”
Our favorite markets tumbled lower again today, finishing the session in what appear to be “hidden ranges” just off their lows…
Those hard-to-find ranges are a big clue, because with all this bearish momentum over the last couple days, I’m expecting people to get aggressive selling new lows…
My plan is to use those “hidden ranges” as price magnets, waiting for sellers to get caught chasing so I can trade the “snap back” – are you ready?
Crude Oil Rotates Inside a Range…
Crude Oil is bearish and finished the session in the middle of a range, which tells me to focus on buying low, selling high, and avoiding the middle tomorrow morning…
I’m looking for buyer-failures to sell off the highs, but more importantly, I’d love to get my hands on a nested seller-failure for a quick “snap back” into the range…
E-Mini S&P Looks Heavy, But Do You See That Hidden Range?
E-Mini S&P is bearish and appears to be headed lower, but look closely and you can see a “hidden range” back near the middle, which makes for an excellent 2-Try Trap SetUp on the next pullback…
The Flag on Gold is a BIG Clue…
Gold is bearish and finished today with what most people would call a “bear flag”, but look closely and I can smell “hidden range” right in the middle, which means my job tomorrow is selling high with buyer-failures at overhead resistance…
