Trading the 2-Try Reversal (Best Setups for Tues)
We’re back in the action for the 3rd week of November, the last full week of trading before the Thanksgiving Holiday next week, and we have a busy week ahead of us…
Markets didn’t waste any time this morning, spiking higher on news of another COVID Vaccine from Moderna, but failing to close the session at their highs…
This “lack of follow thru”, combined with major resistance levels overhead, and weekend gaps still open below us, I’m going to start looking for sell setups on Tuesday morning…
The challenge is, the momentum is still very bullish, so I’ll have to stay patient and look for entries using the 2-Try Reversal Pattern. Let show you what to look for…
E-Mini Buyers Have to Hold This, Or Look Out Below!
E-Mini S&P is bullish and trading near the highs of today’s range, which is a horrible place to start buying. Look closer and you’ll see we’re testing the high of an expanding triangle pattern, which is the biggest clue to start looking for a crown reversal to get short back into the range…
Crude Oil Buyers Tried Twice, Sellers Will Be Looking for Entries…
Crude Oil is bullish, but after a measured-move overshoot this morning, the buyers have now failed twice to retest today’s high, signaling that sellers will likely be looking for entries using a 2-Try Reversal pattern tomorrow morning…
Gold Finishes Back Where We Started; Can Bulls Push Thru These Highs?
Gold is bullish with a Spike & Range pattern, telling me to look for buy setups using failure patterns below the range tomorrow morning. I’d also love to see a 123-breakout going higher because there’s a pendulum swing target waiting up at 1916…
