Welcome to the video update for Monday, August the 24th. Trader Rick covers slingshots, 9/30 setups, ab=cd patterns, fib zones, dragon patterns, previous resistance now support, bullish engulfing candles, OKC, basic price action…it’s all in today’s video update! Every trading day presents a learning opportunity to improve our trading performance. Take advantage of it!
First chart up is the weekly and the 60 minute Canada. Next up is the crude chart as price moves closer to the .382 fib and a 1.27 fib on the daily crude. Pay attention to this potential price magnet.
Trader Rick next goes over the euro currency, NQ, the Dow and finishing up with the ES. Take a look at the slingshot that took place on the 15 minute chart in last Friday’s trading. One clue this trade might work is the 60 minute chart with price OKC. If you don’t know what OKC is, it’s worth checking out!
Good trading!
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