What's going on guys, welcome back to the channel, appreciate you guys tuning in so what we have for you today is a really cool video. It's a live recording of tesla and roku uh, so we're gon na go over and review that live recording. So you guys can get a better understanding of how the market works kind of how these markets function. Alongside of the standard deviation system, we have for you and then we also have to watch just a little bit of today's morning.

Youtube analysis, video because it's going to tie in really nicely and really close up some of those points. We want to talk about. Okay, so first things: first, we're going to jump into the youtube video all right, um, i'm not going to play the audio on it. Just going to kind of point out what i was doing all right, so this is this morning before the market open.

You can see i'm drawing on the screen. We have the spy and we have the nasdaq but um. You will pretty much go on to see that i point to this green line, saying that's pretty much the next destination down. You know once we were to snap that support, so obviously markets go bearish kind of look towards that 340.

Obviously that was kind of like the idea. Okay, now we're going to fast forward into where we get to roku um roku roku roku. We didn't take too long on roku, okay, so here's roku, you will see i start kind of drawing on the screen. Doing my thing so this morning in this video, if you want to go back, we were talking about roku, because it was a hot earnings report, the previous night, a lot of volume and volatility there, and so we're basically suggesting you know if you're going to be Long bias that mark and if this market kind of rips up and squeezes for the day, you probably don't want to look any higher than 121.73.

And it's really important that you understand that i'm pointing at 121.73, because that does change so you're going to be able to see how these levels actually change going into the open. So you can understand that my morning, analysis, video, a lot of times can be slightly off by the time the market opens, and that's because these are statistical levels and probability, levels that do update so um, let's just kind of fast forward a little bit here. Okay, oh wait. Where'd it go right there, that's right, so you can see.

I point to there right 121.73. It's not necessarily the price that i'm more or less worried about it's more or less this probability level i'm worried about and whatever price point it happens to be at you know it it's at so that was kind of the idea. Is that if you're long don't look anything more than that for the time being? Okay, so now we've kind of covered those talking points, let's get out of here and let's bring up the video. So now this is a live recording video and i recorded three hours of the market today and we're just going to fast forward through that hit most of the major talking points and along the way, you're going to smash the thumbs up button.

Because that's what you're supposed to do on youtube - and i appreciate you guys so here we go um by the way i kind of uh um. I did not get like the first opening bell that by the time i got these recordings going, my computer is all set up, so um really quickly the market already open. So this is tesla moving down to this 862 price. Okay.

So, actually, if i bring up tesla right now from here, okay, one second push this oh wait! Is it not showing that that's weird there? It goes! Okay, all right! So when we look at tesla here right, so you can see we kind of have these lines and these levels all mapped off right. So to start the day, this is probably where those levels were all right, so the market opens smashes down. Okay. So when we bring back up that pre-recorded video you'll see market opens smashes down right in that that level right so right now it's actually 862.71 at the time it was 862.98, so slight difference there from now to that, but anyways.

So what we're going to do is kind of fast forward all right and you'll see what is what is roku do right so remember when we pointed that arrow on that previous youtube, video right, we're right here market has an open we're pointing up to that 121 Price, so by the time the market opens, these levels have readjusted and they've slightly come down a bit. So you know if this was a real-time thing. Let's say: okay, guys, don't look anything more than the 118 for now, because that's where that price would be at okay, so you'll see we kind of push up and we get close there and you can see that that level is changing a little bit as the Market goes up and people are like well, how do we trust it, and it's like at the end of the day you know markets aren't perfect, but at the same time, in order for these levels to be accurate, they need to calculate the probabilities and the probabilities Are calculated based on what the market actually does right and if they didn't move at all and were completely stagnant at times, sometimes they could be slightly off, but anyways they're, never totally perfect, but very, very accurate. So anyways look at tesla on the right, so tesla opens up comes down into the first deviation level, and what does it do bounce all right? Is that going to happen every time? No, not necessarily, but you can see right if you're like.

Where am i going to buy a bounce today? Well, i can tell you right now: i would first look down at this level and then i would look at that level. I would not be looking at this right that right there is not support the most popular youtube, videos will say it is, and the reason they're popular is because that's how people lose their money and etc, etc, etc. So that's why they wouldn't necessarily be very popular videos but anyways. So you can see market moves down.

Bounce all right, roku up doesn't quite get to the deviation there. I can't remember it pulls up one more time or just kind of sells off. No just sells off right, so you can see we get close and sellers are just too strong going up towards that price and the market gets shifted down and eventually it's going to probably look like that level. Was there right? So you can see we kind of that level, basically comes down onto the roku top okay, all right.

Looking at tesla here you'll see market bounces, the first deviation, and then it holds for like a little small double bottom. Maybe some buyers trying to do a little w pattern and then smash through right and then break all right, and where does it go to next to the next one down and then when's? It start to bounce a little bit right off that bottom, one, okay or at least try to and then you can see when does it snap the market snaps right? So we all know that when a bottom gets taken out, there's a sell-off because everyone buying the bottom stops out. So why are people buying the bottom? Because the market on tesla is moving into the 851 one-year weekly statistical deviation, which could also very well be seen as support, which at some point it probably was support. Okay, so you'll see markets start to kind of bounce a bit, so buyers are coming into tesla.

You can see that's a little doji candle or little hammer candle going up what not so, obviously a little candlestick bullish pattern. So, if someone's looking at candlesticks for bullsh pound to go oh great long, tail wick on the bottom little doji up all right bullish, let's go in so maybe they go in, they pop it above the candle whatever. But nonetheless, we know buyers are coming in on that bottom and as soon as those buyers give up, which is basically the break of the deviation one second and stop out boom. Okay um, let's fast forward some more um, this is also another thing right.

So here's the deal right, the no you know how we say: don't chase a short down, never chase a short down. You want to know why we say that we say that because something like this might happen, i'm not sure if it happens, but does that candle pop back up re-test that break and then come down again there. It goes see it so that deviation is the breakdown. All right, so, if you chase the short down, you're, probably going to get squeezed back up.

Why? Because this is the way the market works, okay, so market squeezes back up to the deviation. This would be an area where you might consider to add short here. It's better to add short here than it would be here going into the candle, because we many times will retrace the move back up into the level that broke down from there. It's debatable whether we break back up and continue, but the concept is: wouldn't you much? Rather, take a loss, starting here and getting out here then chasing this down watching it go all the way up and then breaking that and then getting squeezed again you're caught in like two squeezes at that point.

So that's why we suggest wait for the pullback or don't chase the breakdown, etc. Okay, um, let's see what ends up happening all right, so you see how the candle sells at first right. So that's like some people, saying: okay, we're going to stay trend down selling selling selling and then let's see if there that that could be a little stop out for you, and even that may not even work. I don't remember exactly what happens, but then look at so you see it sell down and boom there.

It goes okay, so that could be a profitable short, even though it didn't flush out yet, and maybe it does, i don't really fully remember all right and there it oh okay, all right, so this would be the retest of the breakdown on tesla. So retest of breakdown add short, theoretically, okay, and until you break that you see how the candle split there right. So there was demand based on candlesticks and just in in general, there's demand right there, all right. So unless you take that out, you shouldn't expect too much more downside and then bullish traders like to do the higher low ww setups off of that split area on candles.

Okay, so you'll see we come down basically right, where those candles split, the two green ones and bounce. So those are some bitters coming in trying to hold that and create a little high or low setup there. They go now the main objective of these buyers off that higher low is to break this deviation, knowing well that anybody who shorted this top deviation can get squeezed out, so their profit will mainly come from the losses acquired by anyone in doing that, little pullback short. There, okay and that's not totally true, there's a lot more to it than that, but that's a portion of it all right, let's see if they get them there.

We go pop right, see that pop that's a short squeeze some bit. You know there's obviously people other people buying, but pop so just took out those early shorts off that level. Okay, see what happens next, uh we get up. Do we get up? Oh slams, down again all right, and so now you kind of have almost like a bear flag, look all right and eventually what ends up happening all right holds and you get through all right.

So you kind of had like a bear flag that failed. Almost if you, if you will a bigger one, but nonetheless it's more or less just higher lows going up and you can see the pop happens as you maybe get through that deviation. There goes there's a next kind of pop candle, because you're taking out some short sellers again right that may have been shorting off that level for the second time. So the people that went in short here maybe are now getting taken out right there right and nonetheless the market stays bearish and it doesn't really work but we'll keep fast forwarding through and then fail and down and all right, and so that's all i caught for The recording there today now before um we shift gears here really quickly.

I do want to bring up the nasdaq okay to help kind of hit home on this point here, all right. So you remember in the youtube video where we were pointing down to that 340. Mark the green line: well, the green line, obviously adjusted right and it's kind of at uh, or we know there is one down there but anyway, so you can basically see, though, towards the green line right mark. It sells down bounce kind of shift, bounce same thing and bounce right now.

Here's another interesting thing to let you know on so when markets are selling off for a long time of the day, a long time of the day, a long time in the day and a lot of people are trying to get that bottom bounce, that bottom bounce, That bottom bounce, you know a lot of times the market will get trapped in between two levels and the top of the bottom bounce for the day. So when the market bottoms and then it bounces really hard a lot of times, the top of the bounce will be back at like this deviation, but that's a particular setup. We don't really have time to cover, but anyways um, so yeah that that's pretty much. Today's video, for you guys um, let's kind of run through maybe roku, just one more time.

Let's see if we got anything going on here, so roku doesn't have as many deviation touches, but you know, based on that morning, analysis video, i thought, it'd be good to put it in here, so you can see um. You know roku sells down and kind of chops around goes down and bounces back up and so on and so forth, but um. Nonetheless, that's pretty much how the market traded today, that's how tesla traded on around those deviations uh. So i hope you guys, like the video, i hope you guys learned something new.

Let me know what you guys think in the comment section cheers.