Spike & Range Patterns – 3 Pullbacks & 1 Breakout
We’re back to our desks for the first week of June and I’m seeing a lot of Spike & Range patterns on the charts, which make our job relatively easy for tomorrow morning…
The key to trading Spike & Range patterns is to identify key support levels and combine them with the proper entry setups – let’s get started…
E-Mini S&P Needs a Pullback or a Breakout…
E-Mini S&P is bullish and trading at the high of today’s range, which tells me to wait patiently for a pullback into the ‘Battle Zone’ or a 123-breakout to new highs tomorrow morning…
Will This Oil Rally Ever Stop?
Crude Oil is bullish and trading just above the high of today’s range, which isn’t a very reliable place to start buying, so I’m going to wait for a better entry below the range, or stay patient for a 2try breakout pattern running higher.
Love This Expanding Triangle on Gold…
Gold is bullish, but we’re trading in the middle of today’s range, which reminds me to stay patient for seller failure patterns below the range, or buy the pullback after a successful 123-breakout going higher.
