What's going on, guys, welcome back to the channel. appreciate you guys tuning in. Figured I would hop on, do a little recap of yesterday's price action. Uh, and and Market leading into this morning and talk about what we, uh, may expect to see today as well.

All right. So first things first: starting here on the 30 minute chart. Uh, you guys have seen this many times. Last Buy Signal was here breaking over the 50 SMA puts the market in a 30 minute uptrend and this is a fantastic time frame to watch for uptrends and down.

Trends And what have you? Uh, so again, last Buy Signal was here. We've been on like an eight day rally. All right. So obviously the Market's been is a little extended in terms of how long we've been moving up consecutively.

Um, without some sort of test of the uptrend. Again, the uptrend test would be a pullback to the 50 SMA There, that would be the first Trend uptrend test of the 50 SMA support. And that's what dictates up or down. So, um, arguably, maybe getting that pretty soon.

All right. So right now, our bigger scale 30 minute chart is in an uptrend. We won't really shift, um, Big Bearish until we get a break at the 50. SMA And the reason why is that if you're not below the 50, then it's all just a pullback.

Best case scenario would be a pullback to the 50 and then bounce right until you're below the 50. You don't get a double leg structure down. move. all right.

So now what we're going to do is we're going to go into the one minute chart and now what we're going to do is run from the one minute to the five minute and the 10 minute and the 30 minute and the one hour chart. and kind of talk about how uh, the market you know essentially worked yesterday and flowed and so on so forth. So we'll start kind of how we watch a day and navigate it with everyone in the chat room and blah blah blah blah. So essentially The Market opens up with a gap here so you can see Market opens up with The Gap So Market gaps up yesterday and then it just runs basically two big candles out of the gate.

one pullback move and then it kind of, you know, pretty much falters right and trade sideways and drops off right. So the way that you'd watch this across all the time frames would be over the 50 SMA Which is this red guy in here? The one minute chart is in an uptrend. same as we were just talking about this 30 minute and we were talking about how the Market's been rallying et cetera et cetera. Et cetera, we haven't had a test of the 50 SMA in a 30 minute.

Kind of. That logic applies to the one minute chart here because again, you can see the market is over the 50 SMA and the one minute it's rallied off really strong, right? So we know we're extended from the 50 SMA which is the one minute uptrend. Okay, so pretty much the market. If you wanted to be long yesterday, you pretty much had to be long pre-market out of the gates.

You know to catch a little bit of that Gap up. Um, and you have to basically just just jam it long right out of the gates to catch this move. Well, that didn't happen for us. We didn't catch that.

The first thing that we did was we watched for a long off the first 50 SMA tag of the uptrend. So again, the one minute isn't an uptrend here. it blasts off. We wait for the 50 SMA to catch up.

That was our first dip long in the day. First dip long rides back to highs right doesn't amount to much. Okay, then you will see we break the 50 SMA here. So once we break the 50 SMA we say to ourselves, hold on.

The one minute is possibly going into a downtrend. All right. So now the one minute suggests that we should no longer be long bias because again, the market on a one minute chart is in an uptrend when it's over the 50. SMA Once you're below it, the one minute can be starting a downtrend.

so it's kind of hesitation. Take a second and reevaluate. All right. So one minute chart is it enough? Trying to start the day comes, the 50 we bounce to 50 for small trade.

Then we roll over. We break the 50. now we're hands off watching for a potential rolling over short. Okay, so the one minute at about 10 15 gets a little bearish and at that point we recommended the chat room.

Do not be long biased. There should be no long bias trades right now because the One Minute is starting to down trim all right. You will notice that at the same time the one minute starts to go into a downtrend which is below the 50 right. There is the same time that the five minute chart is starting to break the tennis in May.

So the five minute chart is starting a pullback as the one minute chart is starting a downtrend. All right. Before we continue with the one minute, let's transition to the five minute. The five minute is to be used the same way you would the 30 minute and the one minute.

and that is the five minute is up trending as long as it's over the 50. SMA The five minute does not start a downtrend until it does what it breaks the 50. SMA. So when the day starts, we Gap up.

We're long because we're over the one minute 50. One minute 50 breaks here starts a downtrend. At the same time, the five minute breaks the 10 SMA. So the one is down trending.

the five is starting a pullback if the five is starting a pullback. but not yet in a downtrend, what would have to happen for the five to go into a downtrend. it would have to break the 50 SMA. So when the one minute goes into a downtrend, it creates a pullback.

On the five minute, you will see the five minute breaks down the 10 SMA rolls the 10 SMA again break below short-term moving average roll down to longer term 50 SMA. So essentially the flow is one goes into downtrend. five minute pulls back to uptrend test. We bounce it.

So we add long on the five minute uptrend. We take the five minute uptrend. Hold on I Gotta get to the 10 minute now. Apologies, Let's scroll that up.

There we go. All right. So we take basically short on this one minute downtrend. start the five minute tenants to make Curl Down Two the five minute 50..

now you're long off the five minute fifth because the five minute is still in an uptrend. Five minute uptrend would Trump one minute downtrend. Not to mention the same time that the five minute is touching, the uptrend is the same time that the one minute completes its short move down to the 200.. So the 200 SMA short move completion ends on the one minute simultaneously.

Your testing support on the five minutes. So that's a long. Okay, then from here, where does the long move go? The long goes off the five minute bounces all the way back to the 5, 10. and the one 50, etc etc.

and also to the 10 10. And there's one little pull back there. all right now once the market reclaims the 50 SMA in the one minute here. All right.

So so think about this. the market was bearish on the one minute below, the 50 goes all the way to the 200, completes the short down to the 200, the 50 goes to the Or, the 5 goes to the 50 SMA support hold support right? So we rally it long all the way back to the tennis domain. the 10 minute because the 10 minute could now be trying a roll and it's only when the 10 minute recovers, the tennisame will all time frames you back on an uptrend right. Because of the time that the 10 minute Tennessee clears is the same time that the one minute clears the 50.

So that means the one minutes now in an uptrend, the five minutes been in an uptrend and the 10 minute obviously is still not in a downtrend. So this is back to up. This is back to up and this is backed up or always was up. So at that moment in time there was no reason to be short and you can see the market kind of pops up.

We do this little short-term rally up. Okay, so that's where we're also long biased trading that up. Okay, now we move over a little bit. What ends up happening? The one minute breaks down the 50 again.

so all Longs are off Because the one minute has broken down the 50, we could be transitioning into a bearish move. Now, what else? What else will we like to see? We would also like to see that the 10 minute is breaking down the 10 SMA and the five minute breaking down the five minute SMA et cetera. Etc And you can see that occurs right? So now the one minute's in a downtrend, then the one minute takes the five minute into a downtrend. So now the ones down so one minute's down, the five minute is down in the 10 minute is starting a pullback.

all right. Now what ends up happening when the five breaks at 50, the 10 minute goes to the 50. the 10 minute 50 is support, right? So um, I know that's a lot to take in. I mean for me it it's kind of I would say easier because I just watch it all the time.

but you know that's you know a better way of putting it right. Aside from all this this and that right, a better way of explaining it to you might have been like this. If you're watching the market long bias yesterday, then you were thinking maybe I want to do a short trade. Well, there's no point of even really trying to short until you at least have a downtrend on the one minute right there you go.

So if you're like, oh, we're long biased, long biased, when should we close I Mean a good one would be when the one minute 50 gets broken because then you could be going into a downtrend. All right. So you can think about it like that. Um, no, it was good.

Um, I mean there's so much more that we looked at yesterday. I Mean, but ultimately, you know the 30, uh, 30 minute time frames. Another one, right? We we watch this. so it's so.

It's basically when your one minute starts a pullback. That usually means like you're five minutes on the 10 SMA or your 10 minutes on the 10 SMA And so you can pretty much see how the one minute breaks down and then that. All that does is just take you to five minute support. So if we zoom in here a little bit, uh, let's just do that again.

Hopefully you guys will kind of pick up on this during this chart. weights got to be. Now it is a lot to read in in the immediate, but once you get the hang of it, right? So again, 50 SMA break on one minute takes one minute to downtrend. What's that Due to the five minute? The five minute drop support? What's the five minute? do? The five minute bounce of support? Uh, perfect.

Then we basically go back into a one minute downtrend. After a one minute downtrend, the five minute gets pulled. The five minute breaks the 50. SMA Now the five minutes in a downtrend, the five minute takes to Market down to the 10 50 SMA support.

So again, downtrend on One turns down, turn on five. Downtrend on five takes 10 minutes of 50 SMA support. We shake the load a little bit. ultimately bounce.

but where do we really bounce? We didn't really bounce the 10 support we did, but then we shifted below But Ultimately what we did is we just tested our one hour um 10 SMA which is again kind of like the be-all end-all Trend right? So we get our Buy Signal on the 30 and as long as the markets are really maintaining the one hour 10 SMA then we're not going to really sell off. So again, you have one minute downtrend goes to five minute support. One minute downtrend takes five minute down front. Five minute downtrend takes 10 minutes support.

10 minute support gets broken a little bit, but all it really does is just retest the one hour 10 SMA support which is the overall main Trend support of the 30 minute. right? Then what happens? The one hour bounces. So the one hour bounce is up. What happens here? 10 minute goes back over the 50.

So 10 minutes in an uptrend so this is back to up. This is already up. Okay then what happens here? One minute goes back into an uptrend so this is up. and then lastly to happen five minute breaks at 50 there and that's up.

So all time frames are up right into the end of the day. and what happens on the day? you get a nice little rally up right so you're watching multiple time frames an uptrend downtrend function to know when all time frames are downturning or is it just one fighting another Etc et cetera et cetera. So towards the end of the day right, we had the 10. The one minute was down, 10 minute went down and five minutes was down.

When the market was testing the one hour 10 SMA One hour 10 SMA holds support, balances the market up, reclaims the 50 on the 10 minutes and now 10 minutes in an uptrend just over. that would be the 50 on the one minute. One minute's in an uptrend just over. That is the 5 minute 50 which is right there and then it takes into uptrend.

So late day this little rally right there. That was the break of the five minute fifty and so then at this point the 1, 10, 5 and hourly 30 minute weekly daily are all up trending and there's a nice old move for us right? and then you can see coming into the end of the day what happens. We roll over, we snap, we break the one minute, one minute goes into a downtrend, then we retest the five and etc etc. You get the point.

So ideally we're watching across all time range of moving averages. All right. So this morning we're looking obviously you know, at the market and what's going to happen. I Kind of think we are going to get some sort of attempted selling move down today.

It just kind of seems logical and Tesla earnings and a couple earnings, you know, kind of flopped a little bit. So I feel like we might get a little bit of attempt of a roll down? Uh, we already retested some statistics levels. uh after hours which is 453.70 So uh, going back to this 30 minute chart, we want to see where is the Uh 50 SMA app sound of 452.40 So the max downside today we're going to say is about 450 240 unless the 30 minute breaks the 50 which we don't really see happening. So if we do get some greater pullback today, couple days we'll be looking for a rollover to the 50 SMA and then we'll be looking long at the 50 estimate.

So the same way that we just talked about, uh, like this, this is exactly it. ready. So let's just use the five minute and imagine this was the 30 minute. So let me just get this zoomed in properly.

All right I'm not going to pull this up a little bit, all right, So notice here. Like how the market was. So here markets are going up right. Notice here this is a five minute right.

Notice your markets are going up and then eventually what happens. They break down the tennisame right and you can have false breaks and I'm not saying it's not, it's going to be straightforward, but again, it's just you break the 10 mark it wants to. We flush out right. where is it flush to the 50 SMA and then what's a 50? Do the 50 bounces all right, use that same logic and come down to the 30 minute.

30 minute is riding the tennisame and when they want see, there's a break of the 10 but doesn't really do much right and then kind of pop back over. But when they want and they drop it from that 10, they can roll it down to where the 50. SMA So you're looking for something similar to that on the five minute down to the 50, but on the 30 minute and then you're gonna be long. Okay, and the reason I say you're going to be long is because that those are the rules.

Just like this, right? This is the first test of the support, right? We broke out back there. We haven't tested support yet so this would be a pullback first test before. is it gonna happen? I Don't freaking know. I've been waiting on it for days and days and days.

and when it doesn't happen, that's fine. We just use the shorter term moving averages in between for trades. So like this right? yesterday when we traded along off the five minute okay, um, that was a bounce play, right? So it's not like there aren't trades to be had, but this is the bigger chart that we're always more keen on watching, waiting for something to happen there. Okay, so with that being said, today was kind of looking for maybe a pullback.

We'll see how moving averages and markets are all set up in the immediate. There's no Anchor view app, so we're really paying attention to in the immediate because they're they're kind of far off. Um, you know. So I mean there's so much I could talk I get to sit here for days and just keep talking I mean even this? Oh, it's not on there.

Why is it on there? Oh, because it's five, day five. but um, you know, like here's another one we file, which this is and I would say this isn't popular incorrectly, but this right here. this white line This is moving average Six, six, six. Okay, most of you guys know that as the devil's number.

which to many it is. and in different cultures it's not the devil's number in numerology, it's actually I forgot the meaning. it's a number for like New Beginnings or something, something, something I forgot. But um, you know, so it's not necessarily a bad thing.

But anyways, when applying, you could even do 665 right? If you don't want to have a 666, you know, moving average on your chart I don't blame you, you can just do 665 and it's basically gonna be the same calculation. or you do six, six, seven, right? That way, you're not using the Devil's number, the the Devil's lattice, the Devil's number, and uh, you could still be using pretty much the same thing. So if you don't want to do 6665 667, right? And that's at a fantastic over under moving average, Trend Um, I'll show it to you on like this chart, you know? let's see. let's put this: I don't even have it on the chart.

Forget it. I'm not gonna do it. Um, but anyways, I'm just rambling on at this point. Yeah, so we might be watching for a little bit of a pullback, but just keep in mind that we have deviation structure here at 453.66 So the Market's sliding down to 453.66 would make sense and then from here the market has to break that down to go into a bigger slide to the 50 SMA on the 30 minutes.

So pretty much the first thing you'll be watching for out of the gates and I'll be watching for out of the gates for Market to sell down. Targeting back to the after hours low pretty much the 453.75 If we can break below that keep sliding then we'll look for the 50 SMA tag bounce et cetera et cetera. Et cetera, you can even see the formation of a Head and Shoulder starting so you can see head or sorry left shoulder had right shoulder and you can see why the formation is is is happening. The way it's happening is because of the statistical deviation structure right? So we break out on the left side, we pull back, the left shoulder is and a little higher low is Created from the statistics level right.

Then we rally off. Then we pull back and the right shoulder is bouncing off again the statistics level creating the right shoulder which makes the neckline of The Head and Shoulders the statistical probability level. So if this pattern were to break down, it has to break down the statistical probability level. So it's not a matter of your pattern working out or not.

it's a matter of is your pattern better than the statistical buying level here. You don't know because why dark pool levels use that right? This is going to be this is a dark pool level. This is Banks and institutions trading here. This is not retail.

Okay, retail doesn't even know deviations exist the way that we watch them. They don't. Most people don't and so since they don't they they just they have no idea. They just don't know.

Like how would you be able to like an after hours training? How would you be able to pinpoint this bottom as a potential long? oh maybe you look left and go. Oh well. We did bounce here before, but it's like, okay, so you know to buy a bounce here because you're looking left and you see that it bounce there. Okay, well how would you have known to buy this bounce here? Well, deviation level.

Well, if you don't have the deviation level then you don't know it's a possible bounce spot. You only know it's a possible bounce spot. After it's bounced and you're coming all the way to here and then you're buying the bounce on the right shoulder that's rolling gotcha. All right Everyone that was fun, take care, have a great day, and I'll catch you in the next one.