WATCH THIS STOCK FOR A CRAZY MOVE!🚀 (BUY PUTS)
03:22 : I meant bearish engulfing candle
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03:22 : I meant bearish engulfing candle
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MY FAVORITE DAY TRADING BOOK
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Stocks in this video: AMAT SNAP HOOD AA CORT
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, 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 another day, another sell-off. I warned you guys in the last video that we could go lower and so far stock market is doing just that in today's video we're going to talk about a stock that i want you to keep on your radar for a massive move next week. All right, i'm also going to answer some of you guys. Questions like we always do here on this channel now before we begin again, do not forget to annihilate the like button on your way in, and also don't forget to click on that subscribe button.
Along with that notification bell that way, you don't miss out on these videos right, so so, let's get started right off the bat, so spy right now again um in the last video i showed y'all this structure very clean, very, very clean all right. I told y'all that we could go low yeah and if you haven't watched that video i'm just going to paint it at the top somewhere over here that way, you can click on it and right now it showed like a little bit of bullishness right after i Made that video i was a little bit i was, i was just a little bit worried, but it turned out it turned out. It turned out. I guess the way i predicted.
I think that it's going to go lower. I think i think that this is not over yet um, the previous level of 4300. Still there right over here and we have a three-day weekend and a lot of things could happen in three days and if there is more bad news being put out again with um related to like the the tension between uh, russia and ukraine, related to inflation. Related to all of that, if there is more food being put out, we could open up lower like a lot lower, probably below 4300 and then collapse towards 420.
All right - or i would say 4200, so so definitely keep that in mind. The bearish pennant is still in play is still clean and, if you're still holding puts you still getting paid, that's my honest thoughts on the overall market now the stock that y'all should be keeping in your watch list for next week. Next stock is am 80 all right and now the reason why i want to share amet with y'all it's because of this. If you go, if you look at just a four hour time frame all right, actually, let's just let's just look at it on a much bigger scale, perfect, let's start over here we got the weekly and then we, the the only thing i see here with this With this picture is a bunch of shorts, a bunch of sellers right here.
These are the sellers. Well um, following the massive panic, this is a huge bullish engulfing. Well, i guess it is it's. It's it's pretty massive compared to the last one, all right, usually a bullish, golfing candle starts up here at like 171 or higher, maybe 173, and then like just drops all the way down.
But right now it's looking looking it's looking terrible now we're gon na zoom in some more all right again, just to give y'all some perspective about where we are now we're gon na zoom into more over here to the four hour, and if you look at the Four hour, the reason why i want to share this with y'all is because of the it's because of the bear flag on here. There is a bear flag on the chart. It's right here, right there yeah and also what happened today. Was this i'm gon na remove this thing and i'm gon na show y'all this thing on the 15 minute. If you look on a 15 minute, there was a descending triangle right here. This is a pattern within a pattern. It's quite clean right there and the breakdown was right at the open right here. All right so definitely keep this one.
On your watches for a continuation down again, i'm bearish on the overall market, i think you're gon na go lower. Therefore, this thing should drop all the way down towards 100 120 bucks, maybe lower, maybe lower all right. So that's the stock for today's video. Now, let's talk about you guys stock of interest.
First, one that we're going to cover we're gon na do an update on aa, it's one of the stocks that i've mentioned previously all right and uh. It's it's just doing its own thing. I'm not gon na lie that zone that i drew up here is still there at between eighty dollars and eighty three dollars and it looks like it actually wants to get there. It's doing it in a very slow fashion, very irritating fashion um.
But it's it's not following the overall market movement like the dow, the spy and the uh, the nasdaq so yeah, i guess this one is is, is is going to go in there at some points. I think it's going to go in there. It's moving! It's moving with like well. Oil is a little bit down trending, but this one is just doing its own thing again, just watching for a move all the way up to 83..
My thoughts and opinions that i had over here, i guess, changed um again we're gon na look at the daily time frame, and i don't see anything bearish about this one, at least not yet there is that gap right here at 73. We may get a surprise again if, if, if the gap down on tuesday happens - which i think it will and this thing opens up lower like below 75 - then maybe we can see it drop to 73. But right now it's just it's just looking. It's still looking bullish, so yeah, that's my thoughts on the stock, the next one that we're going to talk about in today's video we're going to talk about we're going to talk about snap all right now.
Somebody asked about snap. It was looking. They had earnings a bounce, and this is looking like a dead cat bounce to me right. It starts out strong.
It consolidates it struggles. After filling the gap at the left well kind of feeling it it almost did. Will it fill it eventually? Eventually? Yes, but next week i don't think so. I think this thing just rolls over and if you go only for hour, you can clearly see that this is a descending triangle that is breaking down after hours like this thing, could just bleed out all the way down to 36 to these previous lows before we See some type of like bounce right here and it could even continue lower and fill the huge gap all the way down to like 30.. So just just be aware of that, i don't think that this is a convinced move to the long side. I think that the bears are in control of this situation. So that's my honest thoughts on the stock. It looks like it also looks like a like hood same same arrangement.
Same thing all right, but hood is a little bit more. It's a little bit more lower. So snapchat is like somewhere over here, but waiting for this to happen and then for that to happen, but hood is a little bit more. It's it's down trading, a lot faster, all right.
It got that same thing on there same exact thing, and i think hood is also going to drop to ten dollars. Could it get to eight dollars, probably um again, this, it seems like it seems, like things are just things that appear that it could not go any lower, continue to go lower, like like paypal, for example, which i've discussed multiple videos before i thought it would start. Currently around like 125, but no, no, no, it's just it's just dipping and dipping slowly so again with with this market with this stock. Specifically this this is just the beginning of like a sell-off.
I think it's gon na continue lower. That's my honest thought on the stock now the next one that somebody asked about in the comments section, which i thought looked pretty good, i think i think it's a good selection too, to put down it's c-o-r-t corn, all right now with this one. This is a therapeutics company and let's see here, notice earnings report okay, so they previously had earnings. Earlier this week.
I don't see anything about any okay. I was looking for some type of like medication there in for this company, but i don't see anything in the news. Actually, i may have to dig into more, but with this one right here, just looking at the chart, the setup is there. The setup that i see is there is a it's a flag on the chart.
Could i pay off? Probably i'm pretty sure some people are willing to bet on here for a huge move towards like 30 bucks within the next like like in this region within the next three to four weeks right, it could happen. That's what i see on here. If you look at the daily time frame, it looks, it looks decent, the volume is tiny, but the move is there. There could be a little bit of a retest like more more consolidation, followed by another pop, more consolidation, followed by another pop, that's kind of what i'm seeing here.
All right and this gap got filled also - which i guess kind of explains the reaction here, just affiliates. So, just just be very careful if you trade in this thing and pick your entries wisely up here, not not the best you want to wait to see. You want to wait to see this one actually go down to like 20 and then see a surge in volume again for your entry for the next move higher. But overall, like the structure looks decent, the structure looks, the structure looks nice, it looks promising and that's my very honest opinion on that stocking. That is the end of the video again. Do not forget to annihilate the left wing for the youtube algorithm as always helps channel a lot and allows 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 these videos.
If you would like to be taught for private discord community, where you can get all of this information in real time, you can find that as the first link in the description of the video below, if you're not following us on social media, you can find me At paul 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, less some very basic, step-by-step directions. In the description of the video below step. One to step three: now it takes about 10 to 15 minutes for you to get set up with all the tools you need start trading immediately. You can also get two free stocks, valued after 1 850 dollars, whereas signing up for weeble using the third link in the description of the video below.
Once again, ladies and gentlemen, my name is pauline guma, with analogy lab, where we trade patterns patterns only - and i will see all of you in the next video you.
Crypto trading 👆👆make me rich last year I’m really happy I got involved in cryptocurrencies with a proper risk management..
Letsgooo Paul!🔥
KTPI? AFRM? T? MRO?
Can you do spce and roku please!!
Not the first comment