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Twobarreversal

CRUDE OIL – Multiple Inside Bar Pattern + Bearish Fakey SetupWelcome to MSCapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Indices, Commodities, CFD and Stocks Markets every day. DAILY Multiple Inside Bars + Small Pin Bar have been present since last week, A Breakout of mother candle would impact to more downside. NOTE Always take 1% risk on each trade for capital preservation. Regards: Carlos Smith. Leave us a comment or like to keep our content for free and alive. Have a great Day for everyone!
TVC:USOIL
by MSTradingCapital
SPY / ES - (Bearish) 2 Bar ReversalLast Friday SPY had formed a very large 2 bar reversal from a key support and resistance level. This could see prices rotate down towards 2600 before potentially finding some support. As this market has been strongly bullish , caution is more than warranted if you are looking to short it. Although, this looks to be the best bearish setup that I have seen since the initial rally started last December. If price gaps down tomorrow, I may be looking to short once the gap is filled, or even more aggressively waiting for a 50% retracement of the 2-bar reversal pattern. The weaker ETFs such as XLF or XLE may be even more attractive shorts.
AMEX:SPYShort
by krugman87