Welcome back to the channel in today's video. We're going to talk about about a stock that just broke out and why you should keep it in your list. I'm also going to be addressing the market and sharing with y'all. Some perspective that may make you think on let me make you think deeply about what may happen tomorrow.

Alright now before i begin do not forget to annihilate that button on your way in and also don't forget to click on that subscribe button. If you are new to the channel alright. So let's let's get right into it right off the bat all right so the market did something um kind of unexpected. I wasn't expecting this the shape.

Recovery intraday um pre. Market we were here at around 3790. And then immediately we dropped. All the way down.

And then near 10 o'clock. We immediately reversed all the way back like this is very hard to predict. I was not anticipating that at all um. The structure that i showed you with the spy for those of you who watch this morning's video.

It was right here it was right there all right and i was anticipating a breakdown. But instead it turned out to be a very nasty bear trap from this perspective from this angle right as you can see we got the bear trap right over here very nasty. Very very very nasty all right. But after what happened today if we just like erase all of it right we clean it up and then we zoom out some more we go maybe on the we go on the two hour let's see yeah we go on the two hour and we zoom in right over here.

What you can see next is a bullish planet from right there and then we got this line of resistance falling down right here. Now the good news is there is these two different perspectives that we see right it's theirs in front of us um. The bad news is if it gaps up then the start was then the chart would look kind of ugly. And what happens next will be very difficult to trade in to predict all right um.

So this the situation is just very suspect. Very very suspect. What's going to happen. Tomorrow um.

Earlier today. I was leaning kind of bearish and then the market just kept going up and up and up and right now like we are at a critical level. It's at resistance right here and i'm still a little bit bearish. But hey we'll see what happens in the morning.

Whether we gap up or whether we gap down like this point right here is where you you either want to be on the sidelines because anything can happen tomorrow literally anything could happen tomorrow morning all right you can either be on the sidelines or you can trade the thing that looks the cleanest to the long side as well as straight. Something that is clean to the downside or that is at resistance right like one way or another either sidelines or you trade. Something that's good for the lungs. And that's also good and then something else that's good for sure right.

But um that's that's pretty much the situation with the spy. I'm going to share with you all the nasdaq as well let's address the situation with the nasdaq just to give. Y'all. Different perspective to look at this thing hopefully.

I'm not causing some confusion um. We're gonna look at the four hour and the falling wedge is still on the chart. It's right there i showed you this thing last week. It's on here.

It's quite it's it's quite clean even though. There is that little imperfection right there right that tiny bit of imperfection on the chart. It's there if it was lower it would have been perfect. But it's a little bit higher all right and right now we're right at that point again and the question remains the same do we break out massively out of the fallen wedge or did we continue cooking in here all the way until like later this week.

And if you look at the weekly time frame um on the if you look at the weekly on the es right. If you look at the weekly on the es. We go here weekly charts. It's super tough to be fully bullish like ridiculously hard to be like to be bullish.

All the way so be very cautious as you trade um. There is a chance that there is a small chance that this week could end up looking like could end up looking like this at some point. Either by thursday or by friday. It could it could right or just continue messing around and chopping sideways and pissing traders off.

But that's pretty much the situation with the overall market hopefully they give you some perspective raise some questions about what may happen tomorrow. Regarding or direction regarding the direction of the market. Now. The stock that broke out and that looks pretty good and that may move it may move independently from the market.

That stock is uh that stock is okt a octa all right. And the reason. Why i want to share opto with y'all is because of this if you go on to the four hour. Let me zoom in right here.

There is a bullish spin. It on there. It's quite clean and it broke out today all right so it broke out in the four hour and it also broke out on the five minute right over here. Right.

There if y'all can see that right there. All right. So. It looks.

It looks pretty good. And that's a cyber security stock. The other cyber security stock. That's moving in this.

Sector. Is also crowd strike. One of y'all mentioned in the comments that crosstrek was doing well for y'all. Congratulations.

Um. It is it's moving quite well. It's chopping upwards right it goes up it makes higher highs and higher low yeah and higher lows as is climbing up next step could probably be somewhere around could be somewhere around 191 maybe. 192 dollars before it starts to slow down if that happens octa could also move again octa looks really really clean if the market wasn't so suspect like this thing would be clean for a move.

All the way up to like 110 maybe. 120. Right there maybe even like great news being pulled out by the company that because the stock would just jump. All the way up to 110 or 115.

A good right. But the structure is there is clean therefore. It is good enough for me to share it in today's video with all of you now let's talk about the stocks that i've mentioned this morning. One did one did all right there that one is g.

I mean. I told y'all. To watch gme for a potential drop right um below the neckline. It's still chopping at the neckline.

It's very slow unfortunately. It's still chilling there um again. We'll see what the market does like it's a very very critical level as i explained earlier and anything could happen if there is a massive like negative two percents down like at seven am. Then it will be very clear about the direction that we are going obviously the bears will be extremely happy about that.

But if it stays flat or it gaps up a little bit like it gaps up to like let's say let's say. The spy goes up above 385 dollars. Then the shorts are going to cover asap and there will be a massive squeeze tomorrow all right. But right now.

It's just chopping at the neckline and again um. The bias that i had the morning was for a drop below 110 and below 100 well. We'll see what happens this one did pretty much nothing all right the other stock was the other stock was pdd and pdd that one it dropped really really quickly out the gates and then recovered immediately like if you are a scalper and you're really really quick with your entries and your exits right right at the gates. It provided an opportunity from 64.

All the way down to 63. But you have to be really really fast and collect your money really quick because those that little profit right here that little delta in profit. Got immediately taken away during the next five minutes. Right so.

The opportunity was there not the best not the best situation um to trade. But um. It ended up recovering throughout the entire day from the bullish pennant later on along with the other chinese companies um as you can see right over here right so as for that one where is it going to go we'll see what the market does but we'll see and also china is another like well i say china the chinese sector chinese stocks they kind of have their own catalyst and they can move independently from the overall market. They could pull a surprise and announce magical unicorn news and all of the chinese stocks could get could gap up even high like it could happen.

So that's something that to consider all right. And that's the update for the stock and then the last one the last one i think i i made it a little bit too complicated in my explanation um. If you just look at it without if i just looked at the stock by itself without considering the spy and everything else that is going on with the market. This is a pretty simple one the flag was there and then like over here at 31 or 32.

I told you to watch it for a move up to 40 bucks right it dragged his feet it broke out dragged this speed bounced off and ideally right if i just ignored all of it then yeah the move up to 40 is what it's supposed to do it did what it's supposed to do to the long side. But i was a little bit skeptical on it because of the market situation. But uh yeah. How how long is it going to stay up here.

I've i can say that the the highest. I see it going before a pullback is dollars. Yeah. That's that's the size.

I see this one going all right so that's my that's the update for all of these thoughts. And that is the end of the video again do not forget to annihilate the like button for youtube as always helps channel a lot and lost more people to get this knowledge as well also if you are new to the channel. And you haven't done so already definitely click on subscribe and click on the notification. Bell along with all notifications that way you don't miss out on future uploads.

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Sending up weeble using the third link in the description of the video below once again ladies gentlemen. My name is pauline guma open analogy lab. Where we trade patterns and patterns. Only and i will see all of you in the next video you.