12 min
9/3/21 - Unimpressive jobs report start markets uncertain Let's Trade
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- Investering
We see a huge swing both ways in the pre market chart, with a bit of a rise in the volatility indicator. Could go either way today so may be a good idea to wait a bit for confirmation of direction either way, or find some stocks with relative strength.
Bitcoin, Ethereum and the rest of the crypto market making big moves over night, could be a good play to jump in and trade those markets today.
Buy setups and breakouts are my 2 favorite patterns to trade. Here are the criteria for each:
Buy setup requirements: Stage 2 uptrend or double bottom retest (W), 2 or more lower highs, less than 50% overlap on pullback bars, roughly 50% retracement
Breakout requirements: Narrow/tight consolidation, resting volume in core of consolidation, at or near high of day, tradeable void above
We see a huge swing both ways in the pre market chart, with a bit of a rise in the volatility indicator. Could go either way today so may be a good idea to wait a bit for confirmation of direction either way, or find some stocks with relative strength.
Bitcoin, Ethereum and the rest of the crypto market making big moves over night, could be a good play to jump in and trade those markets today.
Buy setups and breakouts are my 2 favorite patterns to trade. Here are the criteria for each:
Buy setup requirements: Stage 2 uptrend or double bottom retest (W), 2 or more lower highs, less than 50% overlap on pullback bars, roughly 50% retracement
Breakout requirements: Narrow/tight consolidation, resting volume in core of consolidation, at or near high of day, tradeable void above
12 min