Expansion Trade Set-Ups | Crude Oil, Emini, Nasdaq, Gold & Euro

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I’m seeing a lot of tiny trading-ranges on the chart tonight, which tells me to look for entries and exits using those “expansion” levels tomorrow morning.
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Crude Oil is looking bullish after the sellers failed to re-test this morning’s lows, which tell me to look for a short-covering rally tomorrow morning.

Knowing this, I need to get into that rally QUICKLY, or wait for a deep pullback to the low of a Hidden Channel.

E-Mini S&P is range-bound with a triangle pattern, which is tells me to fade the breakouts – buying low, selling high, and using the 2-Try Failure pattern.

Nasdaq is also range-bound with a triangle pattern, but the SIZE of the range is the big clue, which tells me the momentum of these bears is going to have me focused on a “nested” 2-Try Failure pattern buying off the lows.

Gold is bearish at first glance, but with the sellers trying twice, followed by a sharp rally higher, my gut tells me these sellers are ready to quit.

Knowing this, my plan for tomorrow is to look for buying opportunities – either at the support trend-line coming up from below, or with traps on a short-covering rally.

Euro is bullish after a strong 123-Breakout, which tells me to look for buying opportunities at the low of a Hidden Channel…

But look closely and you can also see some prior resistance levels that I can use as key support in combination with that channel low for a reliable place to look for buy set-ups on Wednesday morning.
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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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TheStrossicro says:

Which period moving average did you use on the oil charts?

Joseph James says:

Why are expansion levels so important? Because the best way to trade ranges and channels is to look for entries that are just a bit outside the extremes because it gives you the opportunity to "Risk Small to Earn Large!"

3hunnna mannn says:

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3hunnna mannn says:

ohhh yeaaaa ,mannnnn

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