Three Pullback Patterns

We’re headed into a “Summer Friday” trading session tomorrow morning, which means our window of opportunity is going to be much smaller…

But that’s not going to stop us from finding some high-quality set-ups in tonight’s newsletter – specifically, I’m watching for three types of pullback patterns on Friday – are you ready?

Crude Oil Needs to “Thread the Needle”

Crude Oil is bullish with the combination of a flag pattern and trading-range on the chart tonight, which is going to make our job a little tricky tomorrow morning…

Knowing this, my goal is to buy the low of this trading-range, and my goal is to use the top of the flag in combination with a 2-Try Failure set-up for a re-test the high.

E-Mini S&P Keeps Running Back to “Balance”

E-Mini S&P is bullish with a strong run higher to finish today’s session, which would normally tell me to get aggressive on the next pullback…

But we’re back inside the range from earlier this morning, which tells me to avoid buying the shallow pullback and wait for one of three pullback set-ups on a deeper pullback off these highs.

Nasdaq Collapsed Back to the (NTZ)

Nasdaq is bullish in the long-term, but bearish in the short-term after a strong move lower sent price back into yesterday’s trading-range…

Knowing this, I want to buy the low of this trading-range, but I need to respect the bearish momentum, so I’m focused on the “nested” failure set-up to buy low tomorrow morning.

Gold Is Bearish, But Look Where We Finished!

Gold is bearish with a strong move lower, but look closely and you can see we’re back inside the range from yesterday…

Knowing this, I want to sell this market at resistance, but I need to make sure I’m not selling inside the range…

And if price tries to go lower, the range tells me to skip the sell set-ups and look for a seller-failure set-up to buy the low of the range instead.

Euro Needs to Pull Back Further (But Where?)

Euro is bullish overall, but a recent bear move lower gives the bears the edge in the short-term and puts us back inside the range from late yesterday afternoon…

Knowing this, I want to buy the low and sell the high of this range, but trying to buy the low isn’t going to be easy until I wait for the sellers to try twice.

“Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.”