3 Failure Patterns for Thursday | SchoolOfTrade Newsletter 06/24/15
These ‘range-bound-markets’ are giving us great trading opportunities this week and we see more lining up for Thursday… are you ready? Crude Oil is rotating from high to low of a price-wedge so our plan is to continue buying lows and selling highs with reversal and failure patterns. E-mini S&P is range-bound and we have a failure to re-test the highs of the range which looks very BEARISH going into Thursday and we will be looking for opportunities where buyers fail. Gold is bearish and oversold so we are looking for a correction off today's lows before we get the next 'easy-money' selling opportunity on our way down to the range lows at 62.7. Euro is bearish so we are waiting for opportunities to sell the resistance levels overhead as the week develops.
