What's going on guys. welcome back to the channel. Figured I'd pop on do a little nighttime review because we had Fomc yesterday. Uh, been a decent move today, followed by some big drop end of day.

Uh so I figured I'd kind of cover cover. a lot of that with you guys tonight. So first thing we'll start with is uh, some anchor V Web All right? So one second? Alrighty, so take this one off all right. So pretty much what's going on here is all of these yellow lines going up are tracking the uh, Fomc release and J-powell will speak volume right? So the action that happened here these are anchor to specific spots in the chart, which we've covered in previous videos many of times, but ideally key moments in the chart for when that event happened.

And ideally you know this like yellow band line is is going to be our low risk long entry for this uptrending move. Okay, and the only time that the market not the only time. but um, you know in the event like you see this dip here, how we don't actually go to here and then it rallies, you know there's ways to catch those bounces. Um, which is just basically this right? So once we have an Fomc release okay and the market picks direction, we ink our view apps.

Ideally that main band is going to be our entry spot. Okay, and then going forward. Um, if there's a lot of momentum in the market, you may not get a retest of the main V web level for quite some time and then a good move takes off. Generally what I'll do to catch that extra continuation is I'll anchor a V-wap to the most recent respect of the main V web.

So for example, right if we kind of go over here, you can see the market yesterday into the close tags our main View app level. So that's an entry-long low risk and you can see Market rallies in ideal leaders basically Target back to high with that move. Okay, and then you'll see we go through. Sort of a little correction into the open here, but we don't test the main View apps down here.

we end up kind of holding here. This one was a little tricky today I didn't fully respect right away, but ultimately you know you'll you'll basically get the point. You know we're going to add it basically right there at the view app hold and split and then the other thing I'll do is generally add one like kind of at the low And that's kind of give me like a generalization of where the market continuation support would be. dip buy for this specific bullish move, right? so you know Marco pulls back into the main V webs if you're not long here and then you wake up the next saying okay, what now I would generally be looking for some sort of long action into this Zone off this View app into this View app basically targeting back to highs to start Just like you kind of saw here, you're longing off this view out the Market's back to highs right? That same kind of concept.

So ideally this was sort of the areas that I was looking long at. uh to start the day. took a trade here, traded back to highs. um and we got this nice like strong reversal candle.

it kind of added into this dip, got shaken out, figured okay, it's not ready yet Then once we got the explosive move back up through, added long and then traded up to 417. Okay, so that's kind of how you and I well not so you. but I look at the market in terms of like momentum continuation Trend low risk areas to get in on Trend when you determine it's up or if you determine it's down. and now what we'll do is we'll go into Thinkorswim I just like using think or Swim a little better when it comes to using.

uh, some of the chart functions like Fibonacci so maybe I'm just more used to it. So um, there's a lot going on in this chart so we'll use a different one. Okay, so now we'll talk about the price Target right? So like you know, areas that you could expect markets could potentially go to for the day. So what I'm going to do real quick is I'm just going to pull up my uh Twitter page All right God Look at that cute dog.

Alrighty, so somewhere down yonder, All right. So like right in the morning. That was 10 hours ago. so I don't know.

Basically mark it open somewhere around there close to spy 417 37 would be cool Market makers Spy 417 Question: spy for 17.50 spy Target near hit. Take some money all right. and there's a picture posted of kind of like the Fibonacci I was working off which then this one was actually slightly wrong and that's why I ended up going for 17.50 I think I was doing on my phone at the time or whatever I don't even know. but I didn't do it correctly.

and really the price I was wanting was for 17.50 so you can kind of see why I went 4 17 37 to 4 17 50 and that's kind of the price. Update: So let's talk about how we kind of go about getting that right. So is this going to work every single time? No, it's not. Does it work a lot of times? Yes.

Okay, so pretty much you have a gap up. You're going to use a Fibonacci tool which I don't think or Swim is under your drawing tools. You click this guy and since it's a move up we're going to pull or start a Fibonacci at the open which is there. We are then going to pull it down to the previous day's session closing price which would be here.

Okay now do you see why I was recommending 4 17.50 That's it. It's not really rocket science. Well you know I mean like sometimes people look at Fibonaccis and they get like confused or you're like why you're starting there, where are you starting and so that's what I mean Like it's not rocket science. We see a lot of Fibonacci stuff.

You know there's a bajillion different ways to use it. and and the bottom line is if you put Fibonaccis on your chart at some point they're going to hit and have some sort of respect to them and that's just kind of what's going to happen. So not saying this is the BL be all end-all tactic for using it and you have to do it. But for those of you that are wondering or you know might be like okay, well why was he looking for 4 17.50 That's pretty much it by measuring the overnight Gap in the market, right? So Fibonacci is most used for, um, impulsive moves.

People are measuring. you know, impulsive things, right? That's like generally how people use it either it's a a big move up, a big move, down, an extremely big day. Um, you know, a press release sort of move. Like anything that abruptly happens in the market.

A lot of people can put a Fibonacci on it and then volatility trades to and from it. you could say in a way. So uh, just by measuring the overnight Gap from the open to the previous day closed. this gives me this: Fibonacci um this.

Fibonacci And ideally the the rules of Fibonacci and most of you watching this probably know this. uh, the likelihood that we get new people watching this that have never seen my channel. As you know, it's very, very unlikely. So um, that being said, right? So there's your overnight Gap The golden Pocket as many would call it would be this green line 618 to this, uh, blue line which is the 50 retracement in the concept being is this is supposed to be your long ad Zone targeting 161.

Okay, now there is times where if you were to use this tactic on the day it would fail you'd buy here and the next you know it drops out and then it goes all the way here and it doesn't work right? So that does happen. Okay, and so most people would you know I think if you look at and not not I think I know from watching videos um that anyone who teaches you about Fibonacci Um, generally going to say something along the same lines, you know you're six one eight, you're 50 retrace. That's going to be your kind of your golden pocket. Your dip by Zone and that's entirely true.

And then a lot of times they're gonna be like all right, your 38.2 is your stopout. So you know if you're long into this and then if it breaks below, you got to stop out right. take off your trade because it may be false and you want to wait for it to come back up and respect and then maybe it's back on So so to speak, Which that's totally true too. But I you know went a little further and was like okay, you know because a lot of times when a Fibonacci doesn't work out and it kind of drops out all day, it's like well, damn, you know what a nice move down I wish I would have caught a piece of that instead of thinking it was long and then closing never shifting bias and so I started trying to work some different angles.

um, you know, to give me more Edge right a couple different angles to look at the market so that if in the event one of my long Fibs didn't work I'm like oh well, the 38.2 broke. So so what now right? So I gave myself the option to look at the inverse relationship of the Gap and the failure. So I'll try to find one uh, really quickly. So I'm gonna do is I'm gonna delete some of this old stuff here and I'm going to try to find I Mean I can find one I already know I can find one So let's see it was there was one not too long ago which was right here.

Perfect. So this one. So this is a Perfect. example.

Um, and I think I don't know if I called the price Target on this day I might have or was it no is this day that was the reversal swing FIB that I told people to look for 406 so we'll talk about that too. but here right? So this is a gap down so let's say you apply Conor's logic. You do the same thing that I just literally just said Okay so we would go from today's open to the previous day close which would be right there. Okay and you'd be targeting the 161.

now I guess I Didn't really know if this one hit off top of my head but it basically hit right so you can see instead of retesting here then going it just went right and hit the 161. So the get that that's like a like a for sure true Gap and go like it just gaps into straight 161. whereas the one we just talked about here which is today right? this was a gap uh in retest then go right Gap pull back into the golden pocket, then go. Okay, so if we go back to the previous one, this is a tactic that I'll show you now you know this is.

this is another thing where it's like there's more to it than just like oh, it breaks over this level. You might want to use like RSI or some sort of momentum indicator to give You some extra Edge to help you decide if if the reversal is really happening. So what I mean by that is so we'll use the same logic. Okay, so from the open previous close gap down first, Target 161.

Okay, so you go from three, nine, five nine seven all the way down to three nine, three four kick off short kind of thing. Now this would be the retest, right? So if the market did actually sustain below this 61 retracement, you know, then you could see maybe the market goes lower. Yeah, blah blah blah, you know. But ultimately, the the point of this being is, this is a gap down, right? So this is a gap down Fibonacci And the target is oh, the first.

Target's always one one, oh one, six one. They can go lower than that, right? They can go two six one. They can go four two three. It's just pretty much common to see the 161 as opposed to these, but it's not that it can't happen.

So what we'll now do is we'll do the inverse relationship to this Fibonacci Now there's two ways that I do this and I kind of play around with it every once in a while and I guess I can't say for sure exactly which one I like better because they both work to a degree. Um, but ultimately I think the safest way to do it is um, using the 38.2 as the failure point. So what I mean is this is a gap down so we're fibbing down the golden pocket is the green line, the blue line, and the ultimate failure and stop out would be this. So if on this day everyone in the market say 80 of the people like oh, gap down, we're gonna go short right? in 20.

Go Well, their stop loss is over 38.2 So let's say if we get them back over 38.2 and they all squeeze out, you know, like what what can happen? Well in my mind it would be the inverse or the opposite. So whatever, ever, whatever everyone was trying to do, they're gonna get the opposite right. So if everyone's trying to go to this, you know, 394 or whatever and then the Fibonacci fails I would pull from the 38.2 as we've determined that it would be the failure point of everyone going short and the failure point of that Fib and I would pull from here back to the previous low like this. Okay, and sometimes I do the low.

sometimes I kind of go by the bodies. That's what I'm saying is there's a couple different ways you can do it and play around with it and see what you like best. Um, but ultimately like I said when you put Fibonaccis on a chart, eventually they're going to hit. So what? Everything's kind of works best for you, but ultimately I'm either going to be off below or I'm going to be like somewhere off the Bodies Okay So let's just do off the low.

Okay, so pretty much after breaking the 38.2 I would say and let me change the color of this Fibonacci I'm going to delete it and move it over a little bit and then I'm going to change the color of it to White So we're going to go from the failure point which I did wrong again. Um, so 38.2 failure to previous low I'm going to make this white and again I'm sure there's some people out there like wow, this kid is just like what a knucklehead. You could do it this way with extensions, so I'm sure there's different ways to come up with very similar results, but you know, I've kind of liked this tactic for me. Okay, and so ideally what it is just you're measuring the gap down in the day and then you're measuring what the, uh, inverse relationship to that gap down would be.

So if the opposite is going to happen, What would the opposite be? So essentially we go to 161 and then we break over 38.2 Where do we? What do we do? We Gap up overnight, hit 161. right and then we go to 261.. Look, it stops right there on the dime and then we stop to just 261 to break down anyways. all right, So that's a tactic all right.

now. look at this day. all right, so this day. was a gap up all right, so we could do the same thing from the open to the previous day close.

Okay, now look at this one all right. So this one hits. breaks the 38.2 so you could be like, oh, we broke the 38.2 We're going to go for the inverse relationship move. All right.

So if you look at the inverse relationship, move here. it would be down to 39944. This ended up stopping at like 400. So about 60 cents off after breaking that and stopping everyone out.

But ultimately what ends up happening is Market gets back up, respects the Golden Pocket, and then it runs. And where is it to go by the end of the day right at the end of the day? One six, one. Okay, so like I said, it's never going to be like totally perfect. Um, sometimes will be perfect, sometimes they won't.

Um, you know. and the other thing too is like okay, let me let me explain something else right? So like on this day, right? So you're like, okay, Well you said if it breaks at 38.2 then it might go the opposite down to here, but it didn't Well again, you know there's other things that I use. See this. This is the 10 over the 50.

when the 10 is over the 50, we're in a bull market move. We don't go bearish until we're below the 50. SMA So in this instance, we have a gap up for fibbing up bullish cross over the 50. I'm Trading long bias just in general right that that's the concept or my bias is long until this 50 SMA were to break.

Okay, so even though we broke the 38.2 my first thoughts would not be like okay, let's try to short this and inverse it down because again, we're still over the 50 which means I should be dip buying into the 50. That's kind of the concept of it, right. So like that's that's how you could say I would navigate a day where where the Fibonacci tactic doesn't play out perfectly as we would hope for. Okay, well, what other things are there that you can throw into the mix That would tell you that breaking the 38.2 is just kind of false.

It's not going to result in much more. We'll go. Oh well, we just had a bullish cross. So yeah, we broke a 3.2 Fibonacci in the day.

but ultimately you know we're still over the 50. SMA So we're both. So give it a second. Maybe you know.

Is it going to hold the short-term moving average? You know, whatever. right? So there's that. All right. Now we're going to move over and we're going to be kind of looking at, uh, this here.

So this is also something I do and you know you could look and go What? this is just stupid, right? Whoever. Whatever. So again, you can see here. here's a bearish cross.

All right. So a lot of times what I'll do on bearish and bullish crosses is I will do sort of a little bit of a swing fib and the swing FIB will start from. you know, a lot of times the break of the 10 to the re-break up of the 10.. So for example, we break down the 10, we break down the 50.

that's a bearer signal. we get a bearish cross. It's a very short-lived one. Okay, so a lot of times it'll do is I'll take a Fib and I'll go from here to here.

and I'll measure that sort of impulse, move below the nine and the break over the nine. And then again, there is the golden pocket. So if this golden pocket were to hold, we stay below the and again, like right? Here's another example. you're like, oh well, you say You're supposed to shorten the six and go for the swing down.

True, but if the market is over the 50, SMA we're no longer bearish. So think about it like this though. we have the swing Fib and if you hold the golden pocket, you can sell off to the 161. That's true.

But what's happening? The market is starting to break over the 50 SMA here and it's chopping, sure. but ultimately it's It's having a tough time selling off from the 50. right? So we have a move below the 10. move to the 50 pin drop.

It. break. It can't stay below. Thus, Market is turning bullish over the 50.

right? So you could be looking at the swing FIB going. Oh I'm going to short into this golden pocket. we're going to go for 161. Meanwhile, I'll be like ah no I think I'm gonna watch the op I'm gonna watch the upside because again, we're over the 50.

SMA Now which means I'm bullish or the market is trending in a bullish manner so you'd be more likely to be on the it's better to be on the side of the trend, right? So using the same tactic I taught you on the intraday I would use this for a swing one right? So look at what we've done and then I would pull from here basically to the previous low or I would do sort of the split demand breakup which is like right there and arguably I could do the 10 right. So the 10 break anyways, you get the point. So if I go from the 38.2 to like the demand spot so we've determine the failure point right and I'll color code this white set all curves. White Um, so yeah, right.

So like looking at this bearish signal that could go into a swing move, the golden pocket would be here. So I Know that if anybody is short this move and they're looking at this FIB sequence down, the inverse relationship to that would be the opposite and the 161 which is 406.70 here and you can see we break over 38.2 and we pop up and I think in after our session that day we end up hitting that price Target or we got very very close. Um but you can see right? So you break 38.2 What's the inverse relationship 161 right? So 161 down here is 399 right? So like what is that? let's see from the 100. So from here be 401 to 399.

so that's what 279 and from here is 404. Like 60 404, 70. 406.70 So that's like two bucks. Basically Okay so when I say four one down, that's two.

Yeah, so 223 and this one is like two bucks up. So it's like the exact inverse relationship. Okay then you'll go on to see that. um this inverse relationship gets kind of followed pretty much you can kind of see like following day.

uh into the evening we hit 261. Then we go up to basically four, two three six and so the sequence is pretty much you know done completed all right. So I'm gonna delete that and now we are looking at um on the intraday we had the uh we had the Gap up. So you have this one here which is going to be uh your base of open close sorry which is going to be your intraday 161 which again would be priced at 417.33 417.50 And then also there is this swing uh FIB that I was looking at because um, this was kind of like a false cross to a degree.

so you know there's another one here. so you get a bull cross I'm kind of was looking at this one too so uh I was looking at this swing Fib So right at the same time that uh, you have this potential short swing we're also competing against a long swing so I was doing this. So I'll color code this one white all right. So color coding that one white.

So this is a bold cross and we got this Bear Cross which could have you know dictated a bigger move down. but ultimately it turned out to be a false cross hence why the Fibonacci and we broke right back up so you could see we were kind of battling this previous swing. long golden pocket right? So if you look, this is the golden pocket of the previous swing long right and that's where the fomc kind of bottoms that. um and then you can see where is the 161 Target of that right there where you get that nasty red candle.

Okay, um so that was one thing I was looking at there. um so I was looking at this previous swing long fib and then we kind of had this uh, bearish move here. So now I started to track the bearish swing It was basically okay. We're kind of coming into the buy zone of the previous swing long I Know that the inverse relationship of this previous one is going to be here blah blah blah blah.

So there's a couple couple swing things I'm looking at and that'll take you some practice. um to do that that way and just see it like that I Not perfect by any means. Um, so that being said, we do potentially have another uh swing FIB here because uh, we got a bull cross here break of the 10 so could be looking at a move you know, near the 424-46 arguably. Anyways, so that's that.

Now what we'll do is, uh, just kind of take a peek over here at this chart. This is the Spy right? 4 18 31 ends up being the ultimate high for the day, so you know we can put this swing fit back on like a disc, put it down to like a dead and that's going to give you that upswing long for 17.50 So that was ultimately the swing sequence. Um, Target on the day. And then you can see just right above that is the long-term yearly statistical uh, weekly plus two resistance.

And so you know you should just basically never be like long, biased right into one of those big weekly levels like that. So anyways, no surprise that the market gets yacht there and then remember as we spoke about in yesterday's video, Once a statistical level breaks out. It wants to retest so you can see. Here we break out, we go to the next statistics level up we open.

We dump down to previous statistic level. we just broke out golden Pocket Fibonacci for the day, go up, re-break the statistics level and that's where we jammed the next one up. Okay, now there's one more thing that I'll talk about which which has to do with this And this was another thing that I was looking at on the anchor V web today to kind of know that this was going to be the explosive spot and that's where I started to hit it in Long So um, you know. basically I'm like okay, we're going to be kind of Dipping down to the yellow golden pocket FIB this zone so that's we're going to be watching long.

Um so the Ying to the Yang would basically be this. So this is the top down selling move to start the day. So I'm going to make this red for bearish. Um, go back over here.

We're gonna pop that bad boy to high like a day. So this is the volume weighted average price of the top down selling move that started the day right. So we're kind of up double top, snap, roll, lower highing down. so the volume weighted average price of that top down move is this red line.

Okay so basically I know we're coming into bigger bullish levels. This is this move up would be battling just a small intraday top move. All right. So over this red line, you'd be squeezing out everybody's volume.

That's been bearish on this day. Okay, so you can see that's where we kind of pushed up. We flagged Rip okay and then of course you know if you just measure the overnight Gap it would look something like this. I'll do it here I might not be as close, but something like that.

pretty? No. I can't be right because I'm off a bit. So it's like basically like that. All right, 4 17, 30.

All right. So I don't see that? Yeah, I should move it over like this or not. Oh, that's a view. Um, so we'll do it like that.

That's good right there. All right. So if you look at it like this, right? So it's like this is the bullish V web going up. there's another one that I I took it off on accent.

So I'm going off low which is not around a day. Oh, that's anchoring to the high. We don't want to do it. We'll do so All right.

So, and that's even still kind of wonky. But uh, all right. So all right. So basically we have your overnight Gap coming in some major View apps from Fomc, this is your golden pocket and the 161 would be that.

Target and this red line here I'm just going to delete this one for now. So yeah, this is the top down short, so most people's bearish volume is kind of concentrated there. This is the golden pocket of the overnight. Gap This up here is the 161 Target So that is the target of the overnight.

Gap Move just above that right here at 4 18. 13 is our yearly statistical resistance level. Uh, that's a weekly plus two. That's a major level and hence you can see the big big rip down.

Okay, now where's the Big Rip down? Go to the Big Rip down goes to where our Fomc main View apps. These are our main key V-waps right here for Fomc and you can see where's the market bounce in the end of the day? right there? Yes, trade that one too. All right. So ideally you just kind of, you know you have a bullish move off Fomc couple V whaps going up to track the key volume moments overnight.

Gap Using Fibonacci to give us an upside Target coupled with some statistics levels and uh, that's you know it's kind of what we got. So pretty much what that all means is basil. Um, what does all mean best? Um, you're not going to see a big Bearer selling off move unless the market goes below the Fomcv web. So essentially, we're going to be bullish the market trading up until those Fomc V-waps uh, get taken out or we get a sell signal prior to that happening which we haven't had a sell signal uh yet.

So till we get a new sell signal, we won't think the moves down. or until uh, the V webs uh, main Fomc View apps break down, then we we won't see a big bearish move. Now one more thing. I guess I'll talk about um and I'm just gonna do one of them.

oh I know why that? That one's a little funky from the previous one. But anyways, all right. so I'm just using like one of them here. but I mean I guess I could do all of them.

um if I wanted to. But sure, all right let me do this guy and we'll do this. So this would be sort of the lower distribution Max Payne of anyone from Fomc for so for example, this move up. everyone buying this dip, this dip this.

this. all these dips right. Their average price is here. Their Max Payne is there.

So a very common thing you see is in the event and when because it will happen, a main V-wap level such as this gets taken out and then the market gaps down overnight or dumps overnight. It's gonna gap down or sell off next day into the lower distribution band of the key main V web since that would be the max pain of everyone that has average share price here. Uh and then many times we'll bounce that and a lot of times we can balance that. um, all the way back to here.

basically take them back to break even after they stop out and that's not always the case, but it's a very common thing. Uh, that I see. So anyways, that's uh, that's pretty much the market. Um, last little tidbit would basically be this uh, which is here All right and I'll take a little bit of additional time to talk about this one.

All right. So you see, we got this break below the 10 SMA So that happens right here. Okay, so we get a break below the 10 SMA here. So late day, if you were tracking the 10 SMA level um, the 10 SMA breakdown which I'll make red you would.

you would have knew why the market was popping here and selling off. Popping here, Selling off, Popping here, selling off. and then you kind of squeeze once you get through that, right? Because this is the breakdown of the key. Simple moving average algorithms are coming into play now, right? we've We have a break of a true significant level.

Algorithms are kicking in and and you can think of this just like you think of. You know, a one minute chart. nine moving average 10 moving average eight EMA 10 EMA Right when a 10 EMA or a 9 EMA breaks up or they say bullish when it breaks down, we say Bears right? This is just a slightly bigger scale. So this is the breakdown of a ton and this is the volume weight, average price of that breakdown, right? So you break down here.

Short in there. Bam. Short Bam Short Bam short Bam. But remember, after you're shorting this and showing this and showing this, and if you were and you're shorting down here, look where you're now shorting, you're shorting into our main bullish V-waps from Fomc.

So this is where I was watching long end of day, right? And so again, Um, same concept is here, right? So remember the top down short. We're like, okay, so this is the volume down. All right, it's the same thing. they're trading this volume down once it gets into our buy Zone And where do we rip them once you get through there their key volume moment, right? Same concept.

When you get over here, we have the 10 SMA break selling down into longer term stronger View apps. At least most of the time they're stronger. pop up. Where does it Stop about the V web.

Then we grind through: Break over hold, pull back, push, hold, pull back, squeeze them all right? Um, so yeah, that's that. all right. So now you'll see that we actually break over the 10 SMA here. so we broke up over it.

It's very short-lived So ultimately what I then did moved from here to here. which is the new breakdown. So this is a new breakdown in after hours, right? and so look over. The breakdown is, look at where we kind of hold slam, candle slam, Where to Right into our main View Apps: What holds the market Main B Web area What happens when you break back over the 10 SMA Band just like we showed you here.

All right. So I've taken the 10 down here. Squeeze all right. same concept, broke down 10, pulled back, shorted to main View apps.

so we've got squeeze right? So anyways, I've talked a lot I Think you guys understand. So ultimately the rules are we're bullish over this in the event something changes and Market slams or did something like that which I don't think it is for now? Uh, then we would you know most likely be looking at a lower distribution move while using the 10 SMA as that guideline. uh, intraday Trend uh, resistance to to make that break happen? So um, yeah, that's all I got for you guys. All right guys, take care and have a have a great night.