Are You Watching These Ranges for Tomorrow?

We’re seeing lots of range-bound markets on the charts tonight, which makes our trading plan simple for Friday;  we’re looking for failures and breakouts…

The Emini still hasn’t given us that deep pullback we’re all waiting for, Crude Oil sellers have a big “rotation” problem, and Gold looks ready for another bull breakout.  My charts are prepped and ready – Are yours?

E-Mini Keys to Success:

• Bullish into a sideways trading-range
• Bulls Want to buy at support levels below the range with seller failures
• Bears Want to sell the crown reversal or 123-Reversal patterns

Best Setups for Tomorrow: 

• [UP] – 123-breakout & 2-Try breakout to Buy (or) Crown reversal to sell
• [DOWN] – Seller failure at support to buy (or) 123-Reversal to sell
• [SIDEWAYS] – Sit on hands, wait for the breakout

Crude Oil Keys to Success:

• Bearish into a trading-range (rotation is key)
• Bulls Want to buy failures below the range or trade a breakout
• Bears Want to sell above the range or trade the breakout

Best Setups for Tomorrow:

• [UP] – buyer failure at resistance to sell (or) 123-breakout to buy
• [DOWN] – 123-breakout to sell (or) nested failure to buy
• [SIDEWAYS] – sit on hands, wait for a breakout

Gold Keys to Success:

• Bullish into a sideways trading-range
• Bulls Want to buy at support below the range, or buy the bull breakout
• Bears Want to sell reversals above the range, or sell bear breakouts.

Best Setups for Tomorrow:

• [UP] – 123-breakout & 2-Try breakout to buy (or) crown reversal to sell
• [DOWN] – seller failure at support to buy (or) 123-breakout to sell
• [SIDEWAYS] – sit on hands, wait for a breakout