Range ‘Rotation’ Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Crude oil is bullish with a spike and range pattern this evening, telling me to look for seller failures using the two try rule for buying opportunities below the range.
E-mini S&P is range bound and rotating off the low of the trading range and I’m looking to buy the low using a key support trendline tomorrow morning.
NASDAQ is bullish and running back to Friday’s big round number and I have my eyes on buying opportunities near the low of a key bull channel.
Gold is range bound and rotating off the high of the range this evening and I’m looking to use buyer failures for selling opportunities back down to retest last Friday’s low.
Euro is range bound with a spike and range pattern tonight telling me to look for buying opportunities using the two try rule below the range low.
We are back in the action for another big week of trading opportunities on our nightly newsletter – we have some strong trends, some trading ranges and a solid plan of attack for Tuesday’s trading session…
Crude Oil Day Trading Strategy
crude oil is bullish with a spike and range, spike and channel, measured move, and reversal line this evening.
The range has a bull bias, telling me to look for buying opportunities at support levels below the low of the range.
As for support levels, we have the range expansion along with the pendulum swing, which lines up perfectly with the reversal line at 7140.
All we need now is to wait for price to pull back so we can look for the two try rule going back up to retest the high.
E-Mini S&P Day Trading Strategy
the S&P is bullish with a trading range a support trendline and a weekend gap on the chart this evening.
The trading range is the big clue and you can see with our range expansion levels holding a support we can now assume that the pendulum will swing back in the opposite direction to fill the weekend gap and complete the move up around 2935 tomorrow morning.
The problem is were right in the middle of the trading range, I don’t want to buy the middle I’d rather buy the low of the range at support, so my plan is to use this rising support trendline for more reliable buying opportunities to catch that rotation back to fill the gap.
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E-Mini Nasdaq Day Trading Strategy
the NASDAQ is bullish with a trading range, bull channel, and measured move on the chart this evening.
the market is clearly bullish, recently testing its measured move resistance, some looking to buy at support, and I have my eyes on the low of this channel as well as the previous swing at 64 four reliable buying opportunities tomorrow.
as you can see Friday’s trading range including the big round number at 7600 is acting as a key magnet making the objective easy for the buyers.
Gold Day Trading Strategy
Gold is range bound with a bear bias evening…
We have a trading range a pendulum swing a support trendline and a measured move on the chart this evening.
The trading range has a bear bias and tells me to sell using buyer failures above the high of the range.
I can see momentum is pushing prices lower but this support trendline is a little too close for comfort some looking to sell off that trendline for move to finish off the rotation back to the lows.
Euro Day Trading Strategy
the euro is range bound with a bull bias this evening and we have a trading range a hidden channel and a reversal line on the chart this evening.
The trading range has bull bias, telling me to look for buying opportunities below the range low using the two try rule.
With the bulls in control I’m looking to buy at support levels and low of the hidden channel will work as an excellent support level included with the reversal line just above 18,000.
