October 13, 2020

Snap Back Trading Strategy (Fill the Holiday Gap)

Snap Back Trading Strategy

We’re back to our desks after the holiday weekend, with OPEX only a couple days, we’re looking forward to some excellent trading opportunities over the next couple days…

The biggest opportunity is trading the “snap back” on the Emini ES and Crude Oil, along with a Spike & Range pattern on Gold, let me show you where to look…



E-Mini Sellers Would Love to Short the Next Pop…

E-Mini S&P is bearish and trading at the high of a channel; I’d like to get short for the “snap back” to Monday’s low, and I’ll be looking for entries above the channel, or after a 123-breakout  running lower…


Crude Oil Completes the “Snap Back”, Now What?

Crude Oil already finished a bullish “snap back” to Monday’s high, so I’m anticipating the sellers will be looking for another leg back down to the lows.  The challenge is the bullish momentum, so I’ll be waiting for a 123-Reversal pattern to get short…


Gold Sellers Have Three Easy Setups Pending…

Gold is bearish into a Spike & Range pattern; I’ll be looking to get short above the range with a buyer failure pattern, or I’ll wait for two potential breakout patterns running lower…


    schooloftrade

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