Welcome to the video update for Thursday, December the 10th. Trader Rick starts with the ever so volatile gold market where possible support levels are shown. No evidence of divergence on the weekly and price is not in the buy zone. Take a look at the 60 minute gold chart for more pinpoint support levels.
The weekly crude chart is up next and price is moving lower. See the support levels discussed by Trader Rick.
Next up is the 1350 tick YM chart. The potential importance of putting up a fib zone at the .50 and .618 levels is illustrated.
Trader Rick goes over a trade he took in the ER Wednesday morning about 30 minutes after the New York open. The chart is a 1500 volume. Take a look at the reasons the setup was a high probability trade.
Last chart is the ES 60 minute day session only. Watch this chart Thursday morning for reference.
Good Trading!
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