21 January: S&P falls hard, where next?

Welcome to Wednesday’s Video Update. In this video Trader Rick shows you the structure of the emini S&P and how you can trade breakouts from consolidating triangles like those we had yesterday. Also trade ideas for where the emini S&P is heading if we can’t hold 800 as support. We have to look all the way back to November which is the last time price was trading this low.

• Wolfe wave pattern review from the last video. How to manage trades that don’t always work out as expected.
• How AB=CD projects can often provide good profit targets.
• Price action – Why lowers lows and lower highs matter. It’s all about the context.
• Break of support line on the emini S&P preceded excellent sell zone short setup.
• How to confidently trade breakouts from consolidating triangles, combine with support/resistance areas for added accuracy.

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