These *FAILED BREAKOUTS* Could Be EASY Money on Tuesday!!
End of the month, let’s finish strong!
Markets look *confused* going into the end of February, which often means we’re developing into ranges ahead of major news later this week…
I love ranges (and you should too) because these *Failed Breakouts* are often some of the easiest trades you can find – don’t miss these!
Emini and Nasdaq aren’t making a lot of sense right now, which is fine by me because I’ll be waiting for these *Failed Breakouts* until they find their direction!
Crude Oil is bullish into a range, and buyers have a great opportunity for a breakout going higher, but let’s hope we get this *Failed Breakout* first!
E-Mini S&P (ES):
Emini is bearish and trying to retest last Friday’s low, and it’s safe to assume that sellers will be looking for bull traps as entries to avoid selling too low.
Keys to Success:
- Bear bias, strong move higher, bears in control, range above
- Up: Sell buyer failures & reversals, buy breakout pullbacks
- Down: Sell bull traps, buy reversals
E-Mini Nasdaq (NQ):
Nasdaq is bullish into a range, and this developing triangle/range tells us to look for reversals off the highs and lows tomorrow morning.
Keys to Success:
- Bear bias, strong move higher, bears in control, range above
- Up: Sell buyer failures & reversals, buy breakout pullbacks
- Down: Sell bull traps, buy reversals
Crude Oil Futures (CL):
Crude Oil is bullish into a range, and buyers are trying to run back to retest today’s high, and possibly more tomorrow morning.
Keys to Success:
- Bear Bias, Bull Range Rotation
- Up: Sell Reversals, Buy Breakouts
- Down: Buy Reversals, Sell Breakouts
