This DOUBLE-BOTTOM Reversal Could Be Biggest Trade of Week!
Back to work – you ready for Thursday?
Markets are range-bound going into another round of news tomorrow morning – I have (2) juicy breakout trades on my radar, but my favorite is this double-bottom reversal – don’t miss it!!
Emini and Nasdaq are bullish into ranges tonight – These (2) breakouts should be easy tomorrow, but you’ll regret missing this double-bottom reversal for sure!!
Crude Oil is bearish into a range – I’d love to “trap in” buyers above this range, but just like the Eminis, there’s a double-bottom reversal that’s too good to miss!
E-Mini Nasdaq (NQ):
The Nasdaq is bullish into a range – buyers will be looking for entries at support below the range, along with breakouts going higher, but don’t forget the sellers still want a retest of today’s CPI lows!
Keys to Success:
- Strong Move Lower, Bullish Range, Wick Top Overhead
- Buyers want entries below the range, and breakouts to new highs
- Sellers want a reversal lower to retest this morning’s low.
E-Mini S&P (ES):
The Emini is bullish into a range, so buyers are looking for entries off support below, and breakouts above. Don’t forget the bears – they still have that strong move lower to retest tomorrow too!
Keys to Success:
- Strong Move Down, Bullish Range, Wick Top Above
- Buyers want entries below the range, and breakouts above
- Sellers want a reversal back to today’s low.
Crude Oil Futures (CL):
Crude Oil is bearish with a range – sellers need a breakout lower, or buyers will start buying below the range and breakouts back up to $100!
Keys to Success:
- Sideways Range, Major Support Below, $100 Magnet Above!
- Buyers want longs off support below the range, and breakouts higher
- Sellers need a strong breakout lower
