Uh lcid, so we'll talk more on this one today uh it wasn't one that i was trading yesterday, hindsight 2020's, like oh, i should have traded, but i had a bunch of trades already in the works, so it just wasn't really easy for me to tie capital Over here and so um, it was just one of those situations where you have a great moving stock in the day, but you're already invested in tons of different place. So it's just it's just something. I wasn't able to really hop on yesterday without either. You know.

Basically, destroying all my other trades or possibly not letting them work out so we'll get to that um. But you will remember, i said the first target on the day was 31. After that, you were going for 35, so we hit both of those and then you see a big squeeze happened. So let me explain kind of what happened um for sure meant to go to.

There definitely meant to go here. Everybody probably shorted here thinking it was done, and that was their short squeeze and that's why the market ripped back down to here right. It's because 35 was like pretty like, like that's normal right that, like that, was a pretty normal move, big move, but normal right. Um and then everyone thought it should be done here, they shorted and got squeezed and then all of the people that got squeezed had one opportunity to cut at break, even if they held the whole time.

So that was a short squeeze, and this was the market going. You get one opportunity to take your short off before we go back up. Pretty much is what happened there? Um, if you could recognize this, that this was the short squeeze and you waited till it topped out, you could fade the short down um and then look to bounce here, um, so i'll walk over. You can see even here my uh my little my little title.

Uh short target slash counter trend hold right so for now this is just a counter trend - bounce theoretically, until we cross through this high, because we kind of maybe started a slight downtrend here right. So we could be trying to work down back to this level. It's possible, but we'll run through all this in a second, so um. I wanted to give updated targets on lcid, since it's going to be the most popular stock.

Probably today, even though yesterday was probably the banger day well, it was a banger day, but anyways we'll get to it 180 day. So the 180 day had a price level right here, which is at call it 30, almost 34.. So yesterday i said: watch that target and watch um this target, which is the plus one okay. Now, if you look at where this these levels line up, okay, remember, i said, watch that as your long target.

Okay, if we go left look at where they line up, they line up with kind of the previous swing. High start of gap fill almost so where people maybe have entered bearish a long time ago was all around this top okay um. So on a big trend. Yeah, a lot of people might be trying to stay below that that are on the bear side, people on the long side trying to target up to it.

So when we got to this previous kind of swing, high location right here, okay, there were traders that believed it should stop moving and they entered ashore okay, so they probably started all around here, maybe even into here, and then they got squeezed out okay and then This reverts back down so remember the long term levels are the red ones. All the white ones are just me playing around. So the long term levels are the red squeeze flag starts in between those pops out fades back down to just below um. You start your new uptrend right here, so you could see, go down all the way like that.

You finally cross the downtrend here with a tiny higher low. You pop up do not break previous swing, highs, pull back new high or low. Then you break previous swing. High you're, still holding and you're still up trending slightly so theoretically uh you're kind of in an uptrend right now, because markets are up trending right now so yeah i wouldn't really be too bearish on that.

So just an fyi, it's kind of a situation where you should have bought this dip last night. You really should have. If you wanted to be long lcid off this move, you should have bought this dip, which most people probably nev. Well, a lot of people probably recognize that right selling off in the day back to this level, like a lot of people, probably recognize that for sure um, which means i kind of missed a good entry myself.

If i wanted to be in on it so um, let me think: where can this actually couldn't actually do we hit wow, we hit 39 yeah, so we hit the plus three last night and probably the poster plus two yeah. I think if you're gon na get this moving higher in the immediate yeah, i mean this is a good long entry right here to sustain this price. So, if you're, if you're holding this price, that would be good right. This would be good to hold this price on mmat today, right there, for now at least because then the market can probably push back up to the 39 price, if not higher, um and i'll.

Show you why you can see the half deviation in here. You see that half deviation price right there, we're coming up through that, so we're kind of breaking back up over it right we snapped below it. So it was a support, went below back up kind of a resistance, yet we're now kind of popping through it a little bit. So this is the market trying to create that next move up, at least for now, and if it can sustain over this red line.

Uh, that would be a really good thing for the day: uh very good thing for the day on on the stock, so pretty limited risk there, because you could just stop below that 360 if it doesn't work um. But i would assume if this is going to keep trending up. Bulls are strong long-term trends intact and they want to move it higher. I don't know it seems like a good spot for me at least for an attempt.

Let's see what else do we have going on before we just get too ahead of ourselves too? I mean we do have right. Obviously this was down trending. We have crossed up and over um. This is really like.

The previous kind of swing high area kind of all through here, so you still have to get through this high in this high area. To really say you started the new uptrend in, say the one minute market um. Actually, no sorry it started down here. That's my apologies.

This would be a little bit more important across these levels, but it kind of started down here. My apologies because you uh you bounced. There then pulled back high or low broke previous swing. High re-test breakout run so yeah.

Actually, the the uptrend started back here: um you're now just crossing the half deviation on the long term, which is at 368 84. uh this next target's going to be 37.53. If you pop this high you're going to tag, try to maybe tag 3753, which is the intraday half dev, yeah volume, looks stupid right now. So that's pretty good.

Look at the volume very high over 100 000 you've broken all previous red trading candle volume, so you're having volume breakouts not only on the chart a little bit but on volume. So that's a thumbs up, um yeah! So so far, that's a pretty good kind of move within this market um. So yeah anyways. What was i going to say? Targets right targets, target yeah, i mean mac.

How do i say max because you had a really solid breakout there, but i i would say, if we're going to break over pre-market highs here um. I would then be looking basically back to yesterday's high for now right. That's pretty much it so um. If anybody's bearish lcid right, they could be like oh we're, starting kind of a new downtrend here.

So they're really not going to want to see this through the 3870. So if this is meant to go higher, yeah you'll get through 38.70, if you're meant to kind of consolidate, you probably start to struggle around 38.70. So you can keep this slight downtrend intact, which might create like a couple day wedge or you might just create like a 30 minute wedge. I don't even know i have no idea so just follow the stock and have a good time.

Okay, but you know all the levels i just told you them all. It could do this. It could do that. I don't really know what it's going to do, but at least it went to 35 yesterday.

So yeah um part of me believes that the market got a little euphoric here. This is the market trying to hold that bounce and there's a good chance. We can see. Maybe a downtrend come back down to kick lucid, basically back to these prices on the day.

So that is one of my thoughts, and one of my plays that i have in my mind, is that this market got a little excited over 35 and they're gon na swoop everybody buying over 35 back down to let's say 33 to 35., so yeah. I think 35 is a realistic price that that should have went to yesterday, and i think anything over 35 was a little exuberant and that's why the markets reversed and that's why we might reverse back down to these prices today. I think this is sort of slightly euphoric up there with the current move, that's kind of what i've seen in the past we'll see, though um so for me yeah. That level was right.

There yeah, i was gon na, say these are kind of the levels where i would like to be long in, and these are the levels where i could could consider to be bearish in okay and then everything else in between you have to pick which trend you Want to trade, so if the trend is down whatever gives you confidence to trade? This way you can try to trade into here and then look for a counter trend bounce. You will see that that's why we bounced here we got pretty close to that line, but not quite you know so um good chance, so yeah. These are my two interaction points. So if i want to do something, it's usually going to be long here or short in there.

So those are my two interaction points for the market or unless i decide it's going to go to one of those and then i either trade into them and then once i get there, then i make sure i close and watch the market. So those are the two interaction points where either the market wants to go to, the market will have resistance or it can also bounce. So those are the two specific zones for the day, which is probably, which is why you stopped there last night, which is why you pulled back into it here today, which is why you bounced out of it and broke here up and then that's. Why? You kind of stopped about there and that's why you bounced about here um right on all those spots, so that didn't really give you targets, because i'm not really giving targets, i'm really giving a spread.

Today, there's a to me, i think, there's a potential spread on the stock which we can consolidate in between. I don't see yesterday was a runday, so we run to a target now we're kind of trapped in between two levels for right now, so we'll see how this puppy shakes out now, you're starting to see, runs and consolidation run and consolidation right understanding. The days that you could have gas on the pedal to try and go up in days when it's just probably it might not do that right, that's another beginner thing that might be hard for people to learn is when things can actually be going and when you're Going to be buying into a day where things aren't going and then they just reverse on you and then you take a loss right. You have to be able to differentiate when you can have a run and when you're going to chop, because if you're going to chop then trying to trade trend bullishly all day is going to fail, miserably right, you'd be better off just doing reversal.

Long plays and reversal shorts within the consolidation zone, which can also be really hard to do because you have to figure out that's what it's going to do and still that can be challenging. So that is my uh outlook on lcid today, but you remember how phun spikes up and then to pretty much put it this way: blue purple para level over stocks, pull back to paralevel, okay, cool now, they're, all good on that. Remember how we were talking about. Lcid talking about euphoricness anything you fork always gives back very easily right.

Oh look at that mick rip rip, so yeah, you're gon na see lcid go into probably this zone today, if not like pre-market in about a half smidge of a second okay. So you have bounced from the lower section moving to the higher section as you get into this price do be slightly skeptical. You might get a little bit of a pullback okay, because these are resistance marks. We did not stop here, because everyone thought 3978 was a good price to stop.

We stopped there because we ran into statistical levels that are known as places to potentially sell all right. So now, if we look at lcid yesterday, i believe that at this moment in time, everything up here was a little euphoric a little bit of a short squeeze like not true trading action right. It was like just people getting banged out of in a short squeeze. Hence why it reverted back so quickly to the level to go.

Is this legit? Are we really trying to go to 40, or is this just some false break short squeeze? That really was too euphoric, so we pull back and hold so far the market's like yeah. We we kind of like it and it's working does not mean that it won't come back down. Also something else you should pay attention to on lucid that i didn't mention lcid is it's just uh? Maybe this like gigantic gap, maybe possibly yeah? I think you should still watch it long, because i mean just look at the gap and because lucid's cars are sick, they're way cooler than tesla, i got ta say, and i've only seen one tesla's like a tesla car nowadays is like you still wearing heelies. Okay.

Nobody wears heelies, okay, if you're still wearing heelies, it's kind of like you drive a tesla all right. You need to get yourself into a lucid all right. That's that's the deal. Why? Because they're just cooler - i don't know, that's it.

So if you drive a tesla, you kind of drive a healy. I know you thought you were cool, but those are becoming outdated kid. You need to step your game up to loosen. Okay, we need another stock to go up to like six million dollars or six thousand dollars a share.

Okay, we miss tesla. We need to lose it. So if we all just come to agreement that tesla's, our healeys, i think lucid will overpower, but no seriously the lucid cars are pretty cool.