Wednesday, August 22, 2018

Triangle Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Success is not to be measured by the position someone has reached in life, but the obstacles he has overcome while trying to succeed.”  Booker T. Washington


Crude Oil is bullish with multiple Spike & Channel patterns, but the biggest clue is a short-term trading-range to look for buying opportunities off the high tomorrow morning...

E-Mini S&P is bullish with a Spike & Channel, and I’m watching a key resistance trend-line coming down overhead for a breakout-pullback buying opportunity back to re-test the highs tomorrow morning...

Nasdaq is bullish with a Spike & Channel, telling me to look for buying opportunities after a deep pullback, and I have my eyes on a key reversal-line tomorrow morning...

Gold is bullish with a triangle (range) this evening, and I have my eyes on a key support level using the round-number and range-expansion levels tomorrow morning...

Euro is bullish with a Spike & Range pattern, telling me to look for buying opportunities below the range low using the '2-Try Rule' tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish with a Spike & Channel, trading-range, and measured-move on the chart this evening…

I can see two Spike & Channel patterns, one major and one minor, both of which tell me the most reliable buying opportunities will come after a deep pullback to support levels tomorrow morning...

And the short-term trading-range we saw at the end of this morning’s session would make for an excellent support level for buying opportunities on the way up to the measured-move target tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Channel, resistance trend-line, measured-move, and possible range on the chart this evening…

The bulls have control with this Spike & Channel, which tells me to look for buying opportunities after a deep pullback to support levels below, but…

We can see this resistance trend-line coming down overhead, which tells the buyers to either buy low, or wait for a breakout-pullback and use it as support for a run back to the highs, but…

I’m also looking at this as a possible range setting-up for tomorrow as well because the bulls took control after that big drop off the highs last night, but they couldn’t run back and re-test the highs?  Why?

When a bear market reverses, the reversal is often VERY strong because of the short-covering-rally, and this rally ran out of gas… telling me tomorrow may be setting-up for a triangle/range… but for now, I’m looking for buying opportunities…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a Spike & Channel, reversal-line, and measured-move on the chart this evening…

The Spike & Channel is bullish and tells me to look for buying opportunities after a deep pullback to support levels, and…

The reversal-line at 16.25 will make for an excellent location because it lines-up with the low of this "hidden channel" as buyers try to “buy low” for a final push back up to re-test yesterday’s high…

Gold Day Trading Strategy

Gold is bullish with a Spike & Triangle (Range) and measured-move on the chart this evening…

The Spike & Triangle (Range) has a bull-bias, telling me to look for buying opportunities below the range lows using the '2-Try Rule', and…

The range-expansion level, just below the $1200 round number will make for an excellent support level for buying opportunities tomorrow morning...

Euro Day Trading Strategy

Euro is bullish with a Spike & Channel, trading-range, reversal-line, and measured-move on the chart this evening…

The Spike & Channel tells me to look for buying opportunities using a deep pullback off the highs…

The trading-range has a bull bias and tells me to look for buying opportunities using the '2-Try Rule' and a seller-failure pattern down below the range lows…


And the reversal-line, combined with a “hidden” support trend-line all come together nicely for buying opportunities at support levels tomorrow morning...

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