Monday, August 24, 2015

Trading Plan for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 08/24/15

"Only those who dare to fail greatly can ever achieve greatly."
Notes for Tonight’s Newsletter:
Incredible volatility is giving us a TON of excellent trading opportunities this week and it’s only Monday!  Crude Oil and E-Mini S&P are bearish while Gold and Euro are bullish as we go into Tuesday’s session… are you ready?

Crude Oil is bearish this evening which means we are focused on selling resistance levels overhead using reversals, buyer-failures, and retracement patterns after we correct off the lows.

E-mini S&P is bearish this evening which means we will be looking for selling opportunities every time this price corrects higher off the lows.  We will use reversals, buyer-failures, and continuation patterns to follow the trend.

Gold is bullish and trading inside a range this evening which means we will be looking for bear-traps at the lows and successful breakout-pullbacks at the highs.  Buyers know the best trades will be at the channel-lows, so we need to stay patient!

Euro is bullish this evening and giving us a bull-flag pattern which tells us to be patient for the pullback into support levels below before looking for the next buying opportunity.  Buyers will be looking for seller-failures during this pullback for the best opportunities!

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