Everybody welcome back to the channel. There is a stock that has been showing tremendous strength this week and it looks like it's about to go parabolic, i'm going to be explaining that in great detail and why i believe it will. I'm also going to be answering some of you guys, questions for those of y'all who dropped the stocks of interest in the comments section of our last video now before i begin again, do not forget to annihilate the like button on your way in all right. So, let's, let's begin right off the bat um, we got the spy right now and today was a bearish day a little bit choppy, i would say, but definitely bearish, i'm going to use the nasdaq, because that's the one that i have that game plan on for Y'All, so we're gon na look at the nasdaq instead number one is an easier chart to read and it's an easier chart to explain as well for y'all.

So again the game plan is still drawn on. Here i haven't touched anything everything is playing the way. I thought it would play last sunday all right, it's doing exactly just that. It's rolling over it's dropping in this region and so far, it's all time.

It's on time. It's doing what it's supposed to do now. There was some clues, especially on that day, that it was going to roll over now. The first clue is actually on the five.

If you look on the five minute time frame - and you can zoom over here - like a lot of people - probably got excited pre-market, i think this was thursday. Yeah people got excited for market, they saw the volume here they saw the thing going up. I saw it and again i was a little bit skeptical, because i had this whole game plan, and now i was, i thought there would be a rejection somewhere around these highs, but as soon as the gates opened, which was at around 8 30 a.m. Central time it started to roll over, like people got excited because of this bullish planet.

I was watching it closely. The bullish pennant was there. As you can see, we got the bullish, then it broke out. This is not supposed to happen.

Whenever you see this thing. Going you got to be very uh, very careful to be long, biased and not to buy this little thing right here, right and as soon as um, this thing broke down below 14. The entire sentiment was just bearish immediately like everybody who chased pre-market got crushed and they started to panic and also when they got another chance to get out at this level right here. They actually took it, and then they caused more sell-off.

Now i'm going to erase this thing and explain to you why the afternoon um why the afternoon sell-off occurred from a chartist perspective. Right - and i know there is a lot of a lot of fun going on in the world and there is tension with russia and ukraine, but i want to share this perspective with you, because that's what i was seeing in real time as it appeared now. If you look closely on here with the nasdag, it actually formed this um, this bearish bearish planet right here we got the bearish penny right there, which formed at around like 149 and as soon as they broke down. That was pretty much the clue that was coming next wasn't going to be good.

We go back on here. What followed next after owls was a massive sell-off all right and later on. Today there was a invert. Well, there was a bearish head and shoulders on here.

We got the left shoulder, we got the head which formed at 2am and then we got the right shoulder which pretty much set this thing up for another bearish move to the downside today, all right, so that's the way that i see things. Hopefully that helps some of you who maybe who are getting started in the stock market just trying to like learn well. This is this is the way that i see it. Hopefully that helps all right now.

Where is this thing going to go? Where is the market going to go? Where is the nasdaq going to go? I'm not changing my plan here, i'm not touching my drawings. My drawings are set on here. We may fall all the way down here to 12 to 12 571 by the 15th, which is on a wednesday. I'm not changing my mind all right.

It's moving exactly like i told y'all last weekend, so we'll see how it goes now. The stock that is about to go parabolic that i want all of y'all to keep in your watch list for next week that stock is n-u-e all right and the reason why i want to share and you eat with y'all again um. Is this one? If we go on the daily, it's actually sitting up quite nicely. You can clearly see on the charts that there is this bull flag on the chart and it broke out.

I think it was monday or maybe friday yeah. It actually broke out on friday and held on monday, and the momentum is still there all right, i'm not bearish on this one tomorrow on on monday, when the market opens, i think it's going to open up at the same price at around 137 dollars. If you change the perspective to the weekly, for example, it's set enough for a parabolic move like this is not the point where you want to go short on nukor, which is a steel company um. This is not.

It needs one more. Maybe one super long green candle before i start showing weakness, and i think that it's going to look like this. It's going to open up at exactly 139, then it's gon na run all the way up towards like 157, and then after that, like there may be, there may be a doji at the top and then it's gon na start slowing down. But this is just the beginning, all right.

This is the weekly time frame and the parabolic move just started all right. So definitely keep nue on your watch this for next week now another stock. That is, but i know i said one stock - is about to go. Parabolic, i know, but there is another one, and that stock is that's like a cvx all right and cvx.

This one is an oil company and currently is going parabolic for a similar reason, but on the think, it's the monthly chart yeah it's going for a similar reason as nue on the monthly chart and the flag is right. Well, this one is kind of a megaphone pattern because or just a broadening wedge yeah, i would say broadening wedge because it's kind of narrow in the beginning and then in the end it gets really really like i'm talking about the diameter between these between this circle. Right here and this one right here right, you can see how the diameter is just getting longer as time goes on. So this is a broadening wedge and right now it wants to go parabolic and i think that it's going to go all the way up towards 175, 170 for sure, maybe maybe 175 dollars next week.

Well yeah next week. This is the monthly chart. Let me see the weekly yeah next week for sure i think so so that's that's my honest thoughts on these two stocks and by y'all should keep them on your watch for parabolic move. Now, let's talk about you guys stocks of interest, the first one somebody asked me to look at fedex all right now with fedex.

Let's see here, what's going on with this one, the wiggly's already bearish, ooh. Okay, if you tilt your head to the side like that like, if you just look at it sideways, there is a head and shoulders on here. This is not looking great for fedex. Definitely not i'm bearish immediately, like i'm immediately bearish the way i see it, it's going down the right shoulders there and then the neckline is right here right there, it's not quite there yet, but it's gon na break through and i think oh earnest is in the Way, but that one is in a few days all right.

I think the market makers are just gon na bring down the stock, and then it's gon na chill over here and then ernest is going to decide his face, whether it runs up and traps a lot of people or whether it rewards the brave short sellers who Are willing to hold yolo puts through earnings for the drop all the way down to 160 bucks yeah? It's it's a good one for a straddle, i'm leaning bearish because of obviously the market conditions and obviously because of the bigger picture right. So there's two things going for the bears here. So that's that's what i think about fedex food for the person who asked about it. Um the next one that we're going to talk about in today's video we're going to look at.

Let's look at paypal all right and paypal is just not it's just getting demolished, it got back underneath 100 and it looks like it wants to get all the way down to these lows right here to 81. It may get there. I think i think it might get there. It's not looking good on the monthly and on the weekly.

Let's see here, the weekly is not looking too fantastic, either yeah. I think i think the next week is going to look like that, whether it stays a red bar like this, that that we will find out later. But we may see this at some point in time whether it is monday, whether it is tuesday or wednesday, before buyers, step in and make this thing look like either a bullish hammer or a dragonfly doji on the weekly all right. So that's my honest thoughts on this stock, and that is the end of the video again.

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Once again, ladies and gentlemen, my name is paula for better analogy, live for betrayed patterns and patterns. Only and i will see all of you in the next video which will be there - will be a video on tomorrow and then i'll be doing a trade recap on sunday. So definitely stay tuned for that right enjoy the outro. You.