What's going on guys welcome back to the channel so in this video pretty much just going to run you through a bunch of different ideas and things that we might see happen today next couple days or what have you so it's my belief, markets are going to Try to continue going up trading more bullishly, maybe the next couple days until we get to our next kind of longer term levels or whatnot. So i do believe markets are going to be trading up. I think a lot of stocks are kind of putting in those bottoms and those bounces so going to be making this watch this more on the long side of things not really talking about short place, but for now something you guys can probably keep an eye on. Is amd kind of seems like amd might be trying to do sort of a bull flag setup here, just below a weekly negative or maybe positive one dv, i'm just gon na confuse you so basically watch amd.

Maybe look for a move back into the 147s to 148. Okay, do not expect that you're going to get a breakout move like this until you actually go through the price of this trendline, so whether it be today whether it be tomorrow, you will not see a move bigger than this until you go through that trend line, Because this is where the dead space is okay, so the way that the system works is wherever there is the most open space is where the big run can happen. Otherwise, if you are trading in between levels like you see this dotted line here, this dotted one and this one since you're trading in between a bunch of them. You can only run from here to here before you're going to try to bounce, and you can only run from that one to that one before you try to bounce and then, if you bounce, you can only go back to this one and you can only have A bigger breakout, if you're to go through into the dead space, you will then see we reject and it just runs through the dead space to the next trend.

We finally break, and it goes down to this one and then you can see we bounce and once we break we go to this one and once we bounce we go back to this one and now the price is just trapped, consolidating in between these two. So now you're in a consolidation flag and if the flag breaks up and crosses through the weekly and the four-hour, we could look at a flag break that takes us higher. The most recent example i have of this to show you that it does work would be tesla. So if we look at tesla there's the example very similar to that of amd tesla comes through we snap down to the next level.

We even break this go to the next right. We bounce and get trapped in between the weekly and the daily weekly daily weekly daily, a little over a little under, but then midday. We finally break the weekly with a lot of volume and break out. So you could also be watching tesla as well for continued momentum to the upside, because we just broke through some very key statistical levels yesterday and today might be the follow-through momentum day.

That really takes us up so um in a nutshell, if tesla is recovering really well, we should see the price all the way back up to about 11. 25. 11. 17..

Actually, that's incorrect because there's a level that i have to put on the chart that otherwise, you would probably not know of hold on one second okay, so we have this here still, okay, so regarding tesla um tesla will not have a gigantic running move until it Crosses this price point right here: okay, so you will see from yesterday we broke the yellow, pretty much went to the dotted white close. Not quite so today, the long target on the upside that you should be going for would be um. Yeah you'd be going for a 1080 60. That would be your first upside long target, you're looking for and then afterwards it would be obviously much higher okay, so for tesla, again, first long target up on the day is about 10.79.

Through that, i mean obviously we'll see trending moves, probably closer to 11 25. As long as the market doesn't get smoked, alrighty moving on to the next one, which uh yeah i mean this, arguably can uh can still be a play, so quantum scape quantum scape and we're just going to group how about this we're just going to group quantum Scape blnk chpt pretty much kind of all those energy ev stuff into one but kind of digging. The way quantum scape looks alright. So if you think about quantum scape quantum scape just entered into well trying to start an uptrend, arguably did start an uptrend.

I don't know what to say so, um you know, just as it was on pretty much every other uh stock chart that we looked at again. You go from. You know level to next then, from this one to that one as you go through this trend to there as you stop here. Where is the market gon na go it's gon na try to trend back okay, so um how it all plays out.

We never know because again, look at this one we broke, then we bounced and went down so look how long it took to get down there and how many ups and downs and ups and downs and ups and downs are a lot of them um. So, that's why you know, maybe even using a moving average system, might help you, because, as we break, you know this level, you know you could sell into the moving average sell into the moving average moving average moving average moving average moving average moving average moving average Until we cross above the moving average, and now we could be looking at an uptrend, so we've dipped below the moving average getting bottom moving average. So again, right now, with the way it sits, we could be looking at a kind of juicy setup for real quantum scaper magoo, so basically the way that quantum scape sits currently is. It has one more level that we need to get above and we could be looking at a little bobber magoo and that level is right there.

So you don't see it on this chart, but i'll bring this one over. So the reason that you don't see it here is because everything you see on this chart here is weeklies and dailies. This one doesn't calculate four hours, so kind of still have to do that on my own, but you'll see that here is a four hour level that comes into play right at 26.57. That is also why the high of the day was or weight.

That's why? That high a day was there just the other day and whatnot so um quantum scape interesting setup. So today, looking at quantum scape follow it long look for it to go up to 26.65, and if you can get some good confirming volume through the 2665, then we're probably breaking out in hindsight 2020. What that's going to look like to you is some sort of flag, pennant setup right, because if it does break up your eyes are going to go like something like this. Oh my gosh look at that that pennant and is this.

You know breakout and is so obvious, and why didn't so just follow quantum scape and if it jumps up to that price target, we told you and you get some good, confirming volume pushing through that price and obviously clearing you know previous high. There you're pretty much right next to this big sell-off. So again you get through that, and thing probably does pop pretty well so um yeah following quantum scape a little bit here through the 2670 i mean. Arguably, this thing has a little bit of room to run.

Many people will probably be targeting back to some key moving averages or something like that. But for me um, you know for the time being on a true, successful break. We would arguably sorry we would arguably target all the way back up to there, but i feel like that's, going to be too high for this, so it might just be trading the momentum break here, um and pretty much just trade, so i feel, like the momentum Dies on that plan all righty, so that is good old uh quantum scaper uh magooster mcgee, for you guys all right um. I know i know.

I know you kind of thought. We were done with the old watch list magoo, but no we're not i'm gon na throw up just a couple more for you guys, sorry just taking a peek at something here and then uh where'd it go. Yes, it doesn't really matter all right, so that was quantum scape like i said, chpt blnk, all of those kind of still look good other one is twitter, um, so twitter. This was a main watcher for me yesterday.

You know i made some pretty crazy calls on it. Basically, our first target up on the day was, you know, 46, like 70s, or something we had 46 20.. It doesn't matter all right. So what you're looking for with old twitter magoo is in a perfect world.

What we want to see is this cup and handle setup you're, seeing right, that's a cup and handle um. Does it work? I have no idea, but if it's going to work, it's going to break that right there at 46.56 and we're going to pop off. So that's how it's going to work if it's going to work all right, so the way that i would um go about explaining at you know, i guess you could say twitter here would be twitter, hit a weekly, deviation, resistance and then just say it sold all The way down right and then we got to the green, we broke the green and then it kind of bounced, and so it doesn't matter right it. The point is here is where we kind of crossed into an uptrend right, so this had been downtrending, downtrending downtrending.

So going down below moving averages below moving averages below moving averages cross up above moving averages, not only above moving averages, but we cross back up above. This is a weekly level, so we're back up above trading above weeklies trading above daily, hitting long-term weekly resistance. Pulling back to daily now support, remember resistance, so now support so pulling back to daily support, holding daily support yesterday, popping back off to the weekly holding overnight perfectly, even with the markets pulling back mourning popping back to the weekly. So we have tagged the weekly once almost twice now, almost three times to me.

It seems like that means it is more likely to break or getting closer or more people are trying it so again today on twitter. If you get your breakthrough your weekly pricing here at about 46.53, then you will first target up to 48.17. Once you go through 4817, that's where you would then target up to 50 60, but as of now, i don't really think i'm targeting up to 50 60 at most. I think i would just target up to about 48 20 off of this mean well that statistical break of 46.50.

Now, i think, that's probably enough for you guys to keep up with for the day. So with that being said, i'll catch you guys on the next video everybody take care.