October 31, 2018

2 Reasons to LOVE Double-tops & Double-Bottoms


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“Change your thoughts and you change your world.” –Norman Vincent Peale

Crude Oil is bearish with a strong move lower, so my plan is to look for selling-opportunities using a buyer-failure pattern off the high of a hidden channel tomorrow morning…

E-Mini S&P is bullish, but with the strength of this profit-taking move lower, I know it’s best to wait for a second leg lower before looking to buy this market tomorrow morning…

Nasdaq is bullish with a Spike & Range, telling me to look for buying opportunities using a 2-Try seller-failure down below the range tomorrow morning…

Gold is bearish with a Spike & Range pattern, telling me to look for selling-opportunities using the range-expansion resistance levels…

Euro is bearish with a wide channel, telling me to look for buyer-failure patterns to sell the high of the channel tomorrow morning…

Crude Oil Day Trading Strategy

Crude Oil is bearish with a strong move lower, a hidden channel, reversal-line, and measured-move on the chart tonight…

The bears have the momentum so the plan is to combine entry patterns with resistance levels for selling-opportunities tomorrow morning…

And I can see resistance up at the high of this channel, along with the reversal-line at .49 and .79 to start looking for a buyer-failure and a move back down to the measured-move target waiting below…

 

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Range, hidden channel, and strong bear move this evening…

The momentum is clearly bullish, but the strength of this move lower tells me to stay patient for another leg lower before I can start looking for buying opportunities going back to the high…

My goal is to use support levels to start looking for entry patterns, and this ‘pendulum swing’ off the highs, combined with the low of this hidden channel will make for excellent support levels tomorrow morning…

 

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a Spike & Range, and hidden channel on the chart this evening…

The bulls have the momentum, so my plan is to look for buying opportunities at support levels tomorrow morning…

I have my eye on the low of this channel, in combination with the range-expansion support level…

 

Gold Day Trading Strategy

Gold is bearish with a trading-range, channel, and reversal-line on the chart tonight…

The bears have control, so my plan is to look for selling-opportunities using my favorite entry patterns in combination with resistance levels overhead, such as the high of this channel and the range-expansion level of this trading-range…

 

Euro Day Trading Strategy

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

The bears have the momentum so my plan is to find selling-opportunities using my entry patterns in combination with resistance levels overhead…

I have my eye on the top of this bear channel and the two previous swings, which make up the battle-zone…

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