Additional Charts Mentioned in the Video:
Emini 60m – https://prnt.sc/ObdSuoaifoh1
Emini 4hr – https://prnt.sc/wlvUusJzSrcl
Nasdaq 60m – https://prnt.sc/RRppyJq8DOEy
Nasdaq 4hr – https://prnt.sc/KKG5qeQNT1kQ
Crude Oil 60m – https://prnt.sc/M5zPlf854LSP
Crude Oil 4hr – https://prnt.sc/6PzTQbWLFPpi
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One day left, let’s make it count!
Markets are bullish after today’s range reversal, and it's safe to assume we’ll see more sellers waiting at these highs…
But look closer at the chart and you'll see (3) reasons why this recent pullback might be nothing more than a bear trap!
Emini and Nasdaq are bullish as price “rotates off the low” of today’s range – sellers will likely be waiting at these highs, but it smells like a bear trap!
Crude Oil is bullish, and I'm definitely open to another leg higher, but this *perfect pullback* resistance zone tells me to watch for bull traps too!
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Chart Timeframes used in this Video:
• Emini ES = 10,000 tick
• Nasdaq = 4,000 tick
• 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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