Trading the Crown Reversal Pattern | Crude Oil, Emini, Nasdaq, Gold & Euro

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Trading the Crown Reversal Pattern
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Read the FULL Transcript of this Video & Download Today’s Charts:
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Crude Oil is bearish as it slowly makes its way back to yesterday’s low, and my goal is to use the high of this hidden channel for selling-opportunities tomorrow morning…

E-Mini S&P is bearish, but trading at the low of the range isn’t a great place to start selling, so my plan is to wait for selling-opportunities up at the range high instead of trading to force trades down near the low…

Nasdaq is bearish and trading at the low of the range, so I’m watching for a short-term buying opportunity back up to the high, with the ultimate goal of selling the high of this range using a buyer-failure tomorrow morning…

Gold is bullish with a strong spike higher – telling me to look for seller-failures below the moving-average for another leg higher tomorrow morning…

Euro is bullish with a wide Spike & Channel – telling me to respect the momentum of this market and wait for a 2-Try Failure for buying opportunities off the low…
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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.
PLEASE DO NOT TRADE DURING TIMES OF MAJOR ECONOMIC NEWS
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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 RULE 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.

Comments

Punter Pro says:

Today your analysis correct again Joseph

Rakesh Yadav says:

Moving average? ? And how to create bettale zone level 1day support or resitance? ?

Mammen Thomas says:

What moving average are you using ?

Punter Pro says:

You are again correct today.. Kudos James ! Last 4 videos, your analysis was correct . Thank you

Joseph James says:

I like to use the crown reversal pattern going with the long-term trend, looking for a short-term correction to "trap" the traders on the wrong side of the market!

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