Very bullish price action signals are forming

While I am personally trading the SPY due to it's great stock and options liquidity there have been a number of great bullish signals being through in multiple index and futures markets. Today I focus on the NASDAQ 100 futures and point out a nice inside bar/2 bar reversal pattern that as already broken out to the upside as well as an inside bar/ false break pattern that is currently forming in the daily. I will be watching where the markets are going into the close but a pin bar does end up forming on the /YM futures I believe that could set us up for our next bullish move. As always with price action, price must break out of the pattern before it is confirmed. In the case of the inside bar/ false break pattern, if we do end the day with that pattern then a breakout of the inside bar pattern would still need to occur for this new signal to be trad-able. Those who jump in early to make a few extra bucks are doing so at the risk of a far less probably trade. When the patterns do break out the probably of success goes way up.

Please watch my video analysis here

Note

Trading session is nearing close and price has continued to push higher into the close. Not only was the inside bar/2 bar reversal a good profitable setup for anyone who took it but this has set us up with a very high quality inside bar/fake-out pattern that could see price zooming much higher in the coming days. I have had a bullish bias on the markets since last week and today's price action solidifies and strengthens that bias even further.

krugman87

Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019

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krugman87

Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019

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