This *2-TRY REVERSAL* Could Be Easiest Money All Week!!
One day left, let’s make it count!!
Markets are bearish going into Friday – I have multiple *bull traps* on my radar, but I’m really hoping for this *2-Try Reversal*!!
Emini and Nasdaq are bearish with strong moves lower today – bull traps around channel highs are easy to find, but let’s hope we get this 2-try reversal too!
Crude Oil is bullish with a measured-move breakout. I can easily see another leg higher, but this *Double-Top Reversal* could be the biggest winner of the week!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish with a strong range breakout going lower. Sellers will be looking for entries off resistance levels above, such as the range and bear channel.
Keys to Success:
- Strong Move Lower, Range Breakout, Bear Channel
- Sellers want entries off channel highs for another leg lower
- Buyers want a double-bottom reversal off today’s low.
E-Mini S&P (ES):
Emini is bearish and today’s strong move lower tells us that sellers will be looking for entries off the high of this channel.
Keys to Success:
- Strong Move Lower, 2-legged pullback
- Sellers want buyer failures at resistance overhead
- Buyers want a double-bottom reversal
Crude Oil Futures (CL):
Crude Oil is bullish and just completed a measured-move breakout from today’s range. Buyers need to see a breakout higher, while sellers look for a reversal back to $90.
Keys to Success:
- Strong Move Retested, Measured-move Breakout
- Buyers need a breakout higher
- Sellers want a reversal back to today’s low
