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“Flat” Channel Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro


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Crude Oil is bullish with a Spike & Range ahead of the weekly inventory report, which tells us to look for buying opportunities using seller-failures below the range tomorrow.

S&P is bullish, but an almost-horizontal channel is telling us to use a “range strategy” in tomorrow’s session.

Nasdaq is bullish with a V-Bottom pattern, and the specific location of this pattern is telling us to avoid buying NOW, and wait for price to pull back into the ‘battle zone’ for more reliable buying opportunities tomorrow.

Gold is range-bound and trading at the low of the range, which tells us to use the '2-Try Rule' to buy seller-failures back to the range high tomorrow.

Euro is range-bound, and after the bulls tried and failed twice today, we’re looking for selling-opportunities back to fill the weekend-gap tomorrow.

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