October 15, 2020

Plan the Best Pullback (123-Reversal Pattern)

Plan the Best Pullback (123-Reversal Pattern)

Today’s session may have started bearish, but whispers of a new stimulus deal quickly gave us a 123-Reversal pattern and sent the markets running higher into the close…

The 123-Reversal pattern is the big clue because it tells us exactly where to plan the best pullback entries in Friday’s trading session.  Let me show you how to capitalize on them…



E-Mini Buyers Anticipate the Next Deep Pullback…

E-Mini S&P is bullish after this afternoon’s 123-Reversal sent prices screaming higher, which tells me to get long on the next deep pullback to reliable support levels, such as the low of a new hidden channel around 3465…


Crude Oil Spike Tells Us Be Ready for the Pullback…

Crude Oil is bullish with a strong spike higher to finish today’s session; the strength of this move tells us to expect another leg higher, and I’d like to buy the pullback down around the 40.60 level tomorrow morning…


Gold Buyers Have Plenty of Options Going into OPEX…

Gold is bullish and has the potential for a strong run higher on Friday; the recent 123-Reversal pattern is the only clue we really need because it tells me to look for longs down around the 1905 area on Friday morning…


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