Welcome to the video update for June 1st. First chart Trader Rick comments on is the eurostoxx 50 weekly. After an inside week we continue to watch overhead resistance at 2562. If price pulls back in to the buy zone look for a setup to enter. Next chart is a daily Canada chart and Trader Rick goes over a setup based on his latest training video….the MACD training video. See which MACD method is illustrated as taught in the MACD training video. The same chart is shown but with a 3x trend method setup. Price on the Canada daily chart is currently trading OKC (outside the keltner channel). What does that mean? The weekly Canada may be forming a common chart pattern. Trader Rick tells you what to look for next to take advantage of this chart pattern.
The long term charts for the crude and euro currency markets are covered in this video update. Check them out to get ready for this week’s trading.
September bonds may be forming a dragon pattern. Do you see it?
In the ES, Trader Rick covers a measured move potential with the target revealed. Price broke out of a triangle on late Friday trading and pushed higher. The overhead resistance is not far away.
Good trading! Be sure to check out the Traders Club video training library!
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