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RISK DISCLOSURE: The risk of loss in trading commodity futures contracts can be substantial. You should, therfore, carefully consider whether such trading is suitable for you in light of your circumstance and financial resources. Any advice or information on this website is general advice only – It does not take into account your personal circumstances. Please do not trade or invest based solely on this information. This information is purely for educational use only. Past performance is not necessarily indicative of future results. Trading is not suitable for everyone.

Tuesday, April 16, 2019

Trading pattern forecast for Wednesday, April 17th

Hello traders,

before we see the expected pattern for tomorrow, let's look how the prediction for today worked out:
We had the following expectation for today as posted yesterday:
Tomorrow we can expect trading to start with a move down to an early low, from 10:30 to 11 am a change in trend that brings the index up to a high around 1pm followed by a move to a low at around 2 or 2:30 pm then a rally to a high at closing bell.

And here is how the chart looks at closing bell:


Trading pattern forecast for Wednesday, April 17th


Trading pattern for tomorrow Wednesday, April 17th is the one starting with an early high, decline into 10:30 / 11 am followed by an all day rally into closing bell... Tend to be a strong day relative to the opening price.

Happy trading!
Remember your Stopp Loss! ;o

Some examples with same pattern:








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