This *DOUBLE BOTTOM REVERSAL* Could Be an EASY 15x on Friday!!
One day left, let’s make it count!!
Markets are bearish, but we’re sitting at weekly lows with a double-bottom and this “hidden” reversal pattern just begging to send prices higher!
Emini and Nasdaq are bearish and trying to break below the weekly range, but this “slingshot reversal” pattern tells us buyers might have a great opportunity tomorrow!
Crude Oil is bullish with buyers “rotating off the lows” of today’s range – I’m looking for a breakout higher, but keep an eye on this ‘fake-out breakout’ too!
E-Mini Nasdaq (NQ):
The Nasdaq is bearish, but this range “rotation off the low” gives bulls a great opportunity to reverse momentum and run price higher!
Keys to Success:
- Bear bias, Strong Move retested, range rotation & multi-day range
- Bulls want a reversal back to last week’s close
- Bears want to sell off resistance levels above the range
- Beware the ‘fake-out breakout’ with support below the lows!
E-Mini S&P (ES):
The Emini is bearish with price rotating off the lows of this morning’s range, which may give buyers enough momentum to reverse price higher tomorrow!
Keys to Success:
- Bear bias, strong move retested, range rotation, multi-day range
- Bears want entries off resistance above the range
- Bulls want a reversal off the low
- Plenty of open space below for a bear breakout!
Crude Oil Futures (CL):
Crude Oil is bullish into a range and buyers are looking for a strong rotation off the low for a possible breakout higher to $85.
Keys to Success:
- Bear Bias, strong move lower, range rotation, spike and channel?
- Bulls want a breakout higher thru the range
- Bears want a reversal back to pre-hurricane lows @ $77
