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ππ These (2) *RANGE REVERSALS* Could Be BIGGEST Trades of the Week! πΈπΈ
Additional Charts Mentioned in the Video:
Emini 60m β https://prnt.sc/VJAp6fzuWSEX
Emini 4hr β https://prnt.sc/D1t82wBQGjA3
Nasdaq 60m β https://prnt.sc/vDFEgVWRq2Yk
Nasdaq 4hr β https://prnt.sc/mn8C6dSEh1Wh
Crude Oil 60m β https://prnt.sc/uFhb4yFIhLTc
Crude Oil 4hr β https://prnt.sc/w0N_IrfH3o9L
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Lots of ranges right now, my favorite!
Ranges act like magnets, so the key to making money on Thursday will likely be reversals off the highs and lows of the rangeβ¦
Timing is everything when it comes to ranges β we can't force the entries, so letβs use *stops as fuel* with these (2) simple reversal patterns!
Emini and Nasdaq are bearish, but *rotating higher* off todayβs low β lets hope buyers get a breakout so we can look for bull traps to short back down again!
Crude Oil is bearish with a 'Pop & Grind' channel β I'd love to grab a *crown reversal* off major support below, then into a bull trap off the highs!
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Chart Timeframes used in this Video:
β’ Emini ES = 8,000 tick
β’ Nasdaq = 4,000 tick
β’ Crude Oil = 2,000 tick
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
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