There are some interesting price patterns using candlesticks developing on futures this morning, using the higher time frames. These moves could begin to play out this week into next week.
In this video, Gail Mercer, founder of Tradershelpdesk, reviews the charts, using higher time frames, to identify the potential price patterns that are developing on the emini S&P 500, emini Nasdaq and emini Russell 2000.
The Tradershelpdesk indicators are used to identify overbought or oversold areas, divergence and when to expect the retracements. Combining these with critical candlesticks formations for confirmation that the move is about to take place.
Also, remember that on Friday morning at 8:30 am New York time, the monthly Non-Farm Employment Change report will be released. This is a very high volatility report and could change the weekly candlestick formation.
Price Patterns Using Candlesticks Developing on Futures Video
The Tradershelpdesk indicators are available for TradeStation, Multicharts, NinjaTrader, and TradingView. They can be purchased individually or in packages that includes on-demand video training to help you get started.