Can You Predict A Reversal? Crude Oil, Emini, Nasdaq, Gold & Euro


Video length: 00:40:54
 

Pain is temporary. It may last a minute, or an hour, or a day, or a year, but eventually it will subside and something else will take its place. If I quit, however, it lasts forever.”

Crude Oil is bearish with a Spike & Channel – telling me to look for entry patterns around the high of the channel tomorrow morning…

E-Mini S&P is bullish with a Spike & Range – but after two attempts for the bulls, I’m keeping my options open for a possible collapse back down tomorrow…

Nasdaq is bullish with a flag – but we’re starting to see signs of failure, and I have my eye on bull-traps for selling-opportunities back down to yesterday’s low…

Gold is bearish with a Spike & Range – so my plan is to fade the bull breakouts using the ‘2-Try Rule’ tomorrow morning…

Euro is bearish with an “overshoot” – so I’m waiting for the pendulum to swing back to the high of the channel where I’ll start looking for buyer-failures to sell short back down to the low…

Crude Oil Day Trading Strategy

Crude Oil is bearish with a spike & channel and reversal line on the chart this evening – so my plan is to look for selling opportunities up at the highs using a 2-try failure pattern tomorrow morning…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Range and resistance trend-line on the chart this evening…

The bulls have the momentum into the trading-range today, and with the buyers now trying twice to re-test the highs, its “do or die” for the bulls…

If the bulls fail to re-test the high on this recent attempt, then I have to assume that buyers will give up and I need to start looking for selling-opportunities using bull-traps – or wait for selling-opportunities off the high of a hidden channel…

But if we can see some strength going back higher, then I can start looking to buy the pullback to this resistance trend-line, using it as support before a re-test of the high.

E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is barely still bullish with trading-range and flag on the chart this evening…

The momentum is still bullish, but after three tries to re-test the major highs, I would assume buyers are getting weary and sellers getting greedy for a collapse back down tomorrow morning…

On the buy side, we need to see renewed strength for these bulls, so I need to see a strong move higher, then I’ll look for the sellers to try twice before buying into a re-test of the highs…

On the sell side, we don’t have the momentum yet – so the most reliable selling-opportunities will come either (aggressively) with a trap-high, or selling a hidden channel after the bottom falls out tomorrow morning…

Gold Day Trading Strategy

Gold is bearish with a trading-range, hidden channel and measured-move on the chart this evening…

The bears have the momentum at their backs, so my goal is to sell at resistance levels tomorrow morning…

I have my eye on the range-expansion levels, in combination with the high of this hidden channel coming down overhead…

Euro Day Trading Strategy

Euro is bearish with a channel, reversal-line, and measured-move on the chart this evening…

The bears have the momentum so I’m looking for selling-opportunities at resistance levels, and I have my eye on the high of this channel, in combination with the reversal-line around 14400 tomorrow morning…

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Disclaimer: 

Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not ...

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