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PATTERNOLOGY LAB was founded to specifically provide educational content on Technical Analysis, candlestick patterns, and price action. This channel features the thought process prior to taking trades. My best practices along with my mistakes are shared to help you grow. WE DO NOT GAMBLE! EVER!
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In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
For more knowledge on Finance, Business, and Money: investing tips 2022, long term stocks 2022, #stock , safe stocks to buy now, put options, #options trading 2022, options trading strategies, robinhood investing 2022, #trading patterns, best robinhood stocks 2022, best stocks to buy 2022, swing trades, top stocks 2022, top stocks to buy 2022, financial education, DISCORD , how to invest 2022, financial education, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2022, stock trading for beginners, swing trading 2022, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2022 robinhood, webull , best stock apps 2022, top stocks to buy now 2022, top stocks 2022, best cheap stocks to buy, top cheap stocks to buy, stock market for dummies, stocks to watch.
🔥DISCORD COMMUNITY🔥 ▶ https://launchpass.com/patternology-lab/premium
DROP YOUR QUESTIONS REGARDING THE PRIVATE DISCORD IN THE COMMENTS 🔻🔻
🔥Patternology Lab MERCH ▶ https://patternologylab.creator-spring.com 🔥
💎GETTING STARTED IN THE STOCK MARKET? Here are the steps: 🔽🔽
🔥 Get 2 FREE stocks, one valued from $8-$1850 on: https://act.webull.com/k/uU2v7otrgyGi/main
🔥 To open an account at TD Ameritrade, use the link: https://start.tdameritrade.com/select ➡ Then choose Individual Brokerage (under “Most Common”)
🔥 To Download Thinkorswim: use the link https://www.tdameritrade.com/tools-and-platforms/thinkorswim/download-thinkorswim-desktop.page
In this video, I break down extensively the Top Stocks to buy now for this week. PSYCHOLOGY and ANALYSIS are also included (as always).
💎 Daily Stock Analysis Videos are released 6PM-10PM CT.
✅LIKE & SUBSCRIBE & Hit that notification 🔔 FOR DAILY UPLOADS | IT HELPS SPREAD THE KNOWLEDGE TO MORE PEOPLE 🤝🏽
Sincerely,
Paul N'Gumah, CEO & Founder of Patternology Lab
If you have any comments or questions, Don't Be Shy! COMMENT below and I will respond or make a video!
MY FAVORITE DAY TRADING BOOK
📚 https://amzn.to/2YY1LU1
My Studio Equipment:
🎤: https://amzn.to/2NQFu4g
📸: https://amzn.to/38t1Cek
💻: https://amzn.to/3eZDuCP
📺: https://amzn.to/2YZZDeJ
My Trading Desk: https://amzn.to/2YVCBW8
Follow us for daily posts and updates on:
Instagram: https://www.instagram.com/patternologylab/
Instagram: https://www.instagram.com/paulngumah/
Twitter: https://www.twitter.com/patternologylab/
Twitter: https://www.twitter.com/paulngumah/
Facebook: https://www.facebook.com/iampaulngumah
Tiktok: @paulngumah
Stocks in this video: AFRM ROKU NFLX SQ
PATTERNOLOGY LAB was founded to specifically provide educational content on Technical Analysis, candlestick patterns, and price action. This channel features the thought process prior to taking trades. My best practices along with my mistakes are shared to help you grow. WE DO NOT GAMBLE! EVER!
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
For more knowledge on Finance, Business, and Money: investing tips 2022, long term stocks 2022, #stock , safe stocks to buy now, put options, #options trading 2022, options trading strategies, robinhood investing 2022, #trading patterns, best robinhood stocks 2022, best stocks to buy 2022, swing trades, top stocks 2022, top stocks to buy 2022, financial education, DISCORD , how to invest 2022, financial education, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2022, stock trading for beginners, swing trading 2022, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2022 robinhood, webull , best stock apps 2022, top stocks to buy now 2022, top stocks 2022, best cheap stocks to buy, top cheap stocks to buy, stock market for dummies, stocks to watch.
Everybody welcome back to the channel in today's video we're going to talk about a stock that is ready to make a huge move tomorrow and why you should keep it on your watch list. I'm also going to be answering some of you guys, questions for those of y'all who drop the stocks of interest in the comment section of this morning's pre-market analysis. Video now before we begin, do not forget to annihilate the like button on your way in, and also don't forget to click on that subscribe button and also to click on the notification bell. That way, you don't miss out on the morning, videos and the evening videos.
Let's begin right off the bat um, we got the spy right now and this. This is what i this is: what happened? Okay, this is what happened. I was anticipating a bigger move than this. I told y'all this morning.
I believe i told y'all this morning that i was expecting the spy to get all the way up to 47.60. It looked really really good before the market opens like out the gates. It was looking nice. It was consolidating over here.
Then. If you look kind of closely this spike was um very, very predictable. I was watching this thing the whole way that morning and when it spiked over here it looked good. I thought it would just continue on and just keep cruising, but instead it decides to kind of like fall, re-test bounce and fall again and then just chill over here now.
My next question is: are we going to climb? I don't think we're going to climb tomorrow. Necessarily, i think tomorrow there will be a slight. A slight pullback is slight delay all right and the reason why i say that is because of this we're getting really really close to this um to this line right there we're getting very close, we're almost there, all right, almost almost there. So this is what i'm watching right now and if you get below it, that could be a very brief sell-off, not to violence.
No, it will be a. It will be a higher low. We got a low over here at 62 at 40 at 46.25. A higher low would put it at like 46.60, all right just briefly, especially into the morning before we bounce and form a hammer on the daily time frame, all right.
So that's kind of like my thoughts on the overall market, we'll see what it does in the morning. You might wake up and you may see the market being down by negative 0.5. All right, you never know, but let's see the stock, that y'all should keep in your watch list for tomorrow. That stock is afra all right and the reason let me just make this thing clear.
That way, i can see, and the reason why i want to share afrm with y'all - is because of this. If you look on the four hour all right and you zoom in right over here, i did show this one before we've made money on it before you made money on it too right. I shared this one with y'all a while ago in the beginning of i think it was last week. Yes, all right and right now it dropped offered some nice profits to um on this on these two drops actually and then uh right now. It's just consolidating, and i don't think it's over what yet i think, there's still room to fall for this one. I don't think this downtrend is over today. It closed extremely weak, all right, i'm gon na zoom in so we're gon na look from the outside. In so this is the outside.
Now, let's go inside we're gon na look at the five minute time frame and we're gon na zoom right in here, so it opened higher and then it immediately got rejected and formed this thing right there all right it formed this thing. It might look better on a smaller time frame, so let's go into the one: let's go even deeper all right. So we're going to look at that one right here, so it formed that floor, bounce right there and then and then it collapsed and then as soon as it collapsed below 81.45. I immediately shared it with everybody in a discord that this thing broke down and it could go down even more.
Alright later it was playing some games right. It was playing. Some games over here formed a bear flag again. This is the bear flag right there, and all you got to do is just remove this, and then you see a different perspective right and you make this one a little shorter like that, and you got yourself a bear flag right, see how it breaks down and Then re-test and it continues down.
So this is the bear flag right here, um adjacent to a bearish triangle previously right. So this thing is not looking too great. It goes really really weekly below 79. Again, for all of you, beginners out there like learn to adjust your perspective, it will help you out in the long term.
In the long run i mean all right now. If you look on this thing on the daily timeframe, when you zoom in you, can clearly see that it got rejected off the 9sma, which is not a good sign for people who bought the dip right here. These individuals are scared, they're, they're, panicking right now. It's a very strong hammer, the volume isn't the best right and then we get the rejection of nine.
So to me that indicates that we're gon na go lower and, lastly, just to like put the just just to like, let y'all know exactly what is going on. If you see over here, there is like this gap that still needs to be filled. It's at 68 bucks. We still have not filled it for a very long time.
We tried to fill it. It got close to 71 dollars, but it didn't fully drop and, in my experience these gaps usually fail. Usually fill right, so watch this one again for you day, traders out there i think, there's an opportunity for this one to be short side um. The contracts are going to prince, if, indeed it falls down here right and it could be another opportunity to go long down here.
So just again, this is like this. This is a good one. This is one that has a lot of educational points to help out the beginners out there looking to learn how to read the charts all right, so that's the stock for this video. Now, let's talk about you guys stocks of interest, a lot of interesting things happen today, um we have to look at. Somebody has been asking about roku now, what's going on with roku is um this similar situation, meaning bearish as afrm as you can see on the chart. Let me go to the four hour, as you can see on the chart. There was. I explained this before there was an allegedly bullish, rectangle that turned bearish and broke down all right.
This is very, very tragic, lungs, don't like it all right and they kept going down and down and down - and this is looking more and more like a dead cat bounce. To me, this is the dead cab house and as soon as the previous low gets taken out at 176, i think that it's just gon na drop all the way down to 160 and then at 160. It will bounce, that's my honest opinion on it. Hopefully you're asking because you probably got some puts in there or you shouldn't, because this is looking like it's going to roll over, not the ideal setup for a bounce play, not the ideal setup for that um and also the bottom is just it's just the volume Is terrible right - it's not like here! It's not like this this! This is just miserable right here, so i think it's gon na fall.
Some more. I think again, i could be wrong. I could be wrong all right, but we'll see what happens. That's my thoughts on roku, the next one that we're going to talk about we're going to talk about.
Oh what happened with netflix yeah. Let's talk about netflix because i mentioned that this morning, um with netflix. So what happened with netflix, it's still in the flag um. Unfortunately, it's still in there, there was this warning in the beginning of the of the trading hours.
If you go on to the five yeah, so this thing was looking good in the morning it was looking nice, and the only thing that was lacking is that first candle to just pop out here all right. This right here was not it didn't happen. It was missing and when something goes like this and then just stays here for like five to ten minutes, you just got ta like cancel this thing. This pattern is no longer good.
It failed it's kind of a similar scenario to uh zillow, but on a much smaller scale. This is not what you want to see. Definitely not what you want to see. So, what's going to happen to netflix, i think it's just going to chill.
It's probably going to retest that floor again at like 520 before we see some type of bounce. I think all right, i think that's what's gon na happen, so just to like um update you almost going on with netflix now the last stock. Oh also, i'm just gon na use this as another example. You see what happened with with this one, with the bullish pennant that looked so good and didn't i was watching.
I was watching square for the same thing and square just disappointed before the market even opened. I was so so ready to take a trade on it and then this thing happened. I was like and then that that right there is just the big. No for me. No, no! That's that's not what i'm looking for so that, hopefully that helps understand that, helps you understand and helps you see things kind of the way i see it and i hope that helps you with your future traits later on and uh one more thing. One more thing: no, actually, no, that's that's pretty much it yeah, so that is the end of the video um. Do not forget to annihilate the like button for the youtube algorithm. As always, it helps channel a lot and allows more people to get this knowledge as well.
Also, if you are brand new to the channel, definitely click god, definitely, click on subscribe and click on the notification bell, along with all notifications. That way, you don't miss out on future uploads. If you like to be part of a private discord community, you can find that as the first link in the description of the video below, if you're not on social media, you can find me at paula guma in the pedanology lab on instagram and on twitter. And lastly, if all of this is brand new to you, if you're interested in getting started in the stock market, i'll leave some very basic, step-by-step directions in the description of the video below step, one to step three, it only takes about 15 minutes or less for You to get signed up with all the tools you need to start trading immediately.
You can also get three two free stocks ready to sign it up with weeble, using the third link in the description of the video below. Once again. Ladies gentlemen, my name is baldwin. Guma technology lab, where we trade patterns and patterns only - and i will see all of you in the next video you.
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Phun!!!!!to the moon
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Roku🥶
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