What's going on guys welcome back to the channel, you remember that video that i posted like just yesterday talking about uh how to swing trade, a bull flag, early, bbig yeah that one the stock that didn't break out yeah. Of course another failed analysis. Well, let me pretty much walk you guys through this, so you're not confused, because a lot of people are confused and i'm going to show you how you could have been watching this for a swing trade and easily avoided buying this, because it never did what you Needed it to do - and this is all archived perfectly so pretty much - what we're going to do is we're going to go into this youtube video. This is the youtube video me talking about bbig breaking out before it breaks out, and then it doesn't break out we're going to go to 11 30.

Pretty much just listen to everything i say in this video and then we're going to go back and look at bbig and then apply everything. I said in this video to bbig, and then you tell me if what i said actually happens and if you're supposed to be long, uh started trending back again tried to break out, couldn't hold back pushed back to it during the pre-market session, crashed and then grinded Up throughout the remainder of that day's trading session, to create a wedge on the day that ends up breaking out through the negative one, with what confirming volume look at the volume. Ladies and gentlemen, look at the volume you have the statistical level. You know where you are significant: you're significant on a successful cross above the yellow line, with confirming volume, so you're no longer confused where you need to look for the action now.

Only thing needed is the action. Okay, all right so as defined by the past example. On iron t, if you're going to get a bull flag breakout, you need to go above the negative one on the upside with confirming volume. Does this ever happen on bbig? I don't know, let's take a look, so you know the whole world is freaking out.

Not only because the stock's going down because they watch a youtube video for me and don't pay attention all right, let's look at the one-year day chart all right. This is a negative one on the daily okay and i'm not even mad, i'm literally having fun with this, because you know. Of course, i make a bunch of analysis and sometimes it doesn't work. But if you literally just listen to what i'm saying, you'll realize that you should not have been long this, because you'll come to find that it breaks over the negative one without confirming volume.

So we look at a five-day 15-minute chart. That is the trend line. Okay, remember that video that we just looked at okay, okay, think about the resemblance okay, so that trend line trying to break through breakthrough, confirming volume on the brake. Okay, look back at this one bbig trying to break up it breaks through, but look at the volume here, there's literally no volume when it breaks through okay.

So then what does it do it breaks down to the next level? Okay, so on so forth, goes back up, tries to get through it again. Look at the volume there's literally like no volume as it's pushing through. That is not confirming volume. So then it goes down.

So basically, what ends up happening is the market breaks down? The deviation on the downside, with confirming volume, goes back to re-test sort of the breakdown and there it goes so instead of the market choosing to break up on earnings, it chose to break down and you knew exactly where the breakout was and the breakout or the Breakdown was as defined by your standard deviation. So the same thing we talked about in the video with iron t is, you know exactly where to look just listen, which way is the volume confirming in which way? Are we truly breaking? So we gave you an analysis that could have potentially led to a break to the upside. It ended up breaking down. But as long as you pay attention to everything we mentioned in the video, you never had a confirming volume on the breakout to the upside.

So you never had a confirmed long ever just the potential of an early bullfly. As the title describes. I will see you guys in the next video everybody take care.