This PERFECT PULLBACK Could Be an EASY 15X on Friday!
One day left, let’s make it count!
Markets are bearish going into Friday, and I see (3) ways to pick the PERFECT PULLBACK on Friday!
Wanna double the fun? Look for this Bear-Trap on the way higher too!
Emini and Nasdaq are bearish with strong moves lower – I’m definitely watching these (3) pullback entries, but don’t forget the bear traps for the reversal!
Crude Oil is bullish with an explosive opportunity for the bulls, and I’d love to grab one of these (2) bear traps before it rips!!
E-Mini S&P (ES):
Emini is bearish with a strong move lower, finishing the pendulum-swing rotation off yesterday’s range.
Sellers will be looking for shorts, but they’ll likely wait for strong bounces to avoid chasing price too low. Buyers should beware bull traps.
Keys to Success:
- Bear Bias, , Strong Move, Pendulum-swing, Bear Channel
- Up: Sell Buyer failures, Buy Reversals
- Down: Short Bounces, Buy Double-bottoms
- Sideways: Short buyer failures off resistance overhead
E-Mini Nasdaq (NQ):
Nasdaq is bearish with a strong move down, telling us that sellers will be looking to short any decent bounces for a retest of today’s low.
Keys to Success:
- Bear Bias, Strong Move, Pendulum-swing, Bear Channel
- Up: Sell Bull Traps, Buy Bear Traps
- Down: Short the Bounces, Buy Double-bottoms
- Sideways: Short buyer failures off resistance overhead
Crude Oil Futures (CL):
Crude Oil is bullish and trying to complete a pendulum-swing breakout through today’s highs.
We’re also testing major resistance on the 60m, and this “mixed bias” gives sellers a chance to grab a reversal if they can show us proof.
Keys to Success:
- Mixed Bias, Bull Range Rotation, Bull Channel
- Up: Buy Breakouts, Sell Reversals
- Down: Buy Bear Traps, Sell Strong Reversals
