February 15, 2022

This Reversal Pattern Could be a HUGE Payday!



We have some incredible trades setting-up for tomorrow…

Emini and Nasdaq are bullish into ranges, but the biggest clue is what the market didn’t do today.  We haven’t seen a setup like this in a long time!

Crude Oil is bearish, but there’s a reversal pattern setting-up that could be a HUGE payday if you’re prepared!

I gotta say – tomorrow looks like the perfect storm brewing.  I’m excited!



E-Mini S&P (ES):

E-Mini Keys to Success:

Emini is bullish into a range this evening, telling us that buyers will be looking for entries at support levels below the range, along with breakouts going higher.

Sellers need to stay patient.  They can look for crown reversals to short off range highs, or they can wait for a bear breakout and sell the first pullback of the new channel.


E-Mini Nasdaq (NQ):

Nasdaq Keys to Success:

Nasdaq is bullish and trying to break above today’s range.

Buyers have control and they will be looking for buying opportunities at support levels below the range, or breakouts going higher.

At this point, buyers don’t have any proof of a 123-breakout pattern, so it’s best to stay away from the long side until we see another leg higher.

Sellers have a great opportunity to sell short off these highs with a crown reversal pattern, which may turn into a slingshot reversal going lower.


Crude Oil Futures (CL):

Crude Oil Keys to Success:

Crude Oil is bearish into a trading-range, but it’s interesting how price wasn’t able to close below the overnight low of 91.66.

Even more interesting, we’re sitting at the low of a large expanding triangle going back to last Friday’s big run higher.

Both of these clues tell us that sellers don’t have an easy job tomorrow morning, and buyers should be looking for way to get into this market ahead of a snap back to the highs.

Buyers can look for buying opportunities off support levels below this range, along with breakouts going higher.

Sellers have to be careful right now.  If price pushes higher, they can look for shorts using the support trend-line as resistance on the opposite side.

If price goes lower, sellers can sell the 123-breakout on the way down to the next major support level at 88.40.

Keep in mind – we’re watching contract rollover at some point in the next couple days.  Keep an eye on the 04-22 contract’s volume.



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