Most Nasdaq traders assume that once price breaks the pre-market high or low, it has to keep going. Often, the best trade is the reversal.
In Part 2 of our pre-market trading series, Kathy Lee breaks down the Sweep and Reclaim, the highest probability of the three pre-market setups we trade. Instead of chasing the breakout, we wait for NQ to break a key level, trap traders on the wrong side, and then prove the move has failed.
You’ll learn the exact 5-step rules for both the bullish and bearish version of this setup, how to avoid entering too early, where to take profit using the 50% retracement target, and real chart examples showing 70-100+ point reversals.
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