Tuesday Market Recap: Trading Pullbacks and Spotting Reversal Patterns
In this video, we recap Tuesday’s market action, highlighting trading opportunities and potential setups: Market Overview: Following Monday’s drop, Tuesday morning saw continued downward pressure, followed by a pullback and a significant drop, setting the stage for strategic trades. Key Movements: We analyze a drop on the 15-minute chart, with stochastic indicators signaling potential shifts. The 21 moving average acted as a key level for back tests and trade entries, while a head and shoulders pattern with bullish divergence emerged. Trading Opportunities: We explore multiple entry points, including a 3:1 trade off the 21 MA back test on the 15-minute chart and a 2.5:1 trade on the 5-minute chart. We also discuss using Fibonacci retracement to target entries and exits for a potential reversal trade up to the 93-95k range. Technical Insights: Learn how to use trend lines, moving averages, and MACD crossovers across time frames to confirm trades, alongside recognizing when patterns like head and shoulders might signal a shift—or fail to break key levels. Educational Takeaway: This session emphasizes timing trades with pullbacks, setting stops correctly, and staying patient for confirmation, helping you navigate both bearish and potential bullish scenarios effectively. For more daily market recaps and analysis, check out our Daily Analysis playlist: • Kabroda Daily Analysis Don’t miss our free classes on our channel for deeper trading education: / @kabroda Whether you’re trading pullbacks or watching for reversals, this video provides actionable insights into Tuesday’s market. Happy trading—see you in the next daily! Disclaimer: This video is for informational purposes only and does not constitute financial advice. Trading involves risks, and you could lose your investment. Always do your own research and consider consulting with a financial advisor before making trading decisions. Thanks for watching—like, subscribe, and we’ll keep you informed with daily updates!