 Good morning traders. Good morning everybody J trader here. So we're gonna start in a few minutes As you can see this morning. I'm looking at Amazon we're gonna have I'm gonna be here and watch Rembi small cap and also Tesla Market is down. So we're looking at the here with that to trade to the main list of Big caps that I look every single morning Besides BA Baba. We have Google, Bidu, Amazon, Apple and all the rest of it here all red The one that is losing the most among the tickers that we generally trade is Nvidia Miners 3% for the day down from the open more than 10 points First of all, let's look at yes We're gonna also look at the overall over here scenario of yes This is my early chart and You can see We're having since the start of the year a long-term bullish market In the medium term. We have a bearish market. So a sequence of lower highs lower low And in the last of it here, I would say two days the market is essentially sideways We have a first day here Which was a bullish. Yes, it was bearish this pre-market was bullish and right now We're bearish. So we are in a trading range. That's the reason why we have a sideways action Market this morning was pretty weak we've been looking to take some dips at the long on Baba Tesla Disney they didn't work right away. We cut the reverse of the downside and market is bearish position on yesterday Q gave the strategy two very good short setups that we're still holding sharing one of the Positions over here that we traded. This is a trader in the room So looking over here to short in the 15 380s 87 actually on NQ We had a major breakdown over here for support first cover here on this breakdown because often we can have what we can have fake breakdowns So we can have bull traps their traps and then a pushed upside So the first cover here the second cover here into the 15 286 so for about 100 points move This is a vase a very good trade Good morning T-Board T-Board is asking to show them Baba from 95 70. That's a good one Dario Good morning, buddy. I take a stop loss on TNGX. We're gonna review after that together Today I explain a few things you will see Low forecast faders in the room. Don't look for short Because we had less than 50% forecast fader So be very careful when you trade those extensions, but let's go over here with the market So we were talking about The long-term trend is bullish, but in the last week. So we here we're having a major pullback And I want to go check The higher time frame. I usually refer to the weekly chart So we can see that the trend is still bullish, right? So we have no problems over here being bullish with the market still waiting for for this to restart Going up you can see over here that the rejection on yes But essentially these days we have a last week we had over here a very smooth Sideways action the last three days. So we're waiting What to expect over here? So look at this every single time that the market Made a relative low in the week We had the continuation to the upside so I can see a relative low a second hard low a third hard low a 4 ton over here a 5th And then we can have you another one over here another here But essentially we still have a here higher lows in our highs, okay? So we just need to wait now the moment that the market Will give us a pullbacks and then pushed upside pushed upside. This is what I'm watching for now Looking at the structure We can go back to the daily chart and now we can find more Relative Higher lows. So this is one. This is another one and right now the major Relative low that we have is this low 44 80 so on the hold of this and Sequence over here of making our lows. We're gonna be again bullish and we're gonna look for this target 46 30 and then 46 50, okay Go back to the hourly chart This is the trend in the last 10 days over here. So the from the 1st of August we start to break down the support We had over here our bearish day another one then a pullback Major over here with a two o'clock Wash another pullback Major down trend yesterday reclaimed today and now this morning. We're simply fading Let's go back to There we go. Let's go back to our indicators the plan of this morning was a Simple on this So we are looking for two major plans I'm gonna share with you over here what we are looking for and this is going to stand what we're gonna do with the market So this was yesterday. We had a breakdown of support over here Very early. You can see that we had the break pullback retesting that level and then all the way down You can see that each bar but here on the hourly chart made a lower low every single bar and Today we had two possible scenarios, right? So major demand zone, which is this level over here. So one Scenery was hold of this Dip below or dip into making our lows and then taking this for the long with the first two targets Plan B. So you can see the red line looking for a breakdown Ideally a retest of this supply area and then looking for this bear flag and unwind first target second target Now, this is yes. Let's look what happened So we're gonna stay on this And what we see over here. We had a breakdown Let's go to a lower timeframe So exactly what we had on the plan Breakdown a retest of this level and then lower highs lower lows Okay, so what's important for me that you understand is That to have the concept of the possible scenario before this happens And you can see that in this morning. We had this breakdown So exactly like we had on the plan and then a retest of this level So this tells us that we have no more bars in control and then Making a sterile or highs lower lows Okay, so this was The first plan posted this morning in the room looking for two a plus setup scenario This is yes. Exactly buddy. This is yes You can see over here plan was posted 915. This is European time 915 and we have water here so the Setup be With that breakdown and you can see all done wine over here next one for the morning We had several stocks on the watch Yes, and in Q futures YM all red for the day and I would say a pretty big sell-off Supply here a general rejection usual setup over here So when we have this means that the majority of the stock that we're going to look for Amazon Apple Microsoft so the setup that you see over here into the Left-up corner we're going to look ideally for a short For who's only a long bias trader stay with the big cap gainers So you stay with those stocks that are for example going to put this back over here You stay with those stocks for example that are having a get-pop over here big cap gainers And in the case we're going to look for earnings upgrades Some kind of strong catalyst that for example could lead us for a push a bullish move for example a Rry this morning. You can see over here dip into the J lines Picture perfect I was not on this stock personally, but that's That's a setup. That's a picture perfect to look for and longs that we had more over here We had this morning for example some Which this morning a start over here week. So really Made this pattern over here like loaded this pattern below the dealings and then a reclaim forming higher lows and I would say Perfect scenario on these dips over here. So held over here. The one is rated 50 And then started to push of course This is counter trend the market because the market is bearish this morning and this is still extending They're still pushing why news catalyst Area over here for example. We had this morning and earnings Other one that we had all of these Pan and more are getting up today for earnings or news of big catalyst Okay, so you can see all of these over here. I'll generally take the first 10 of these so the main gappers Looking at the daily Resistances looking at the daily scenario and then the side of the trader or not Usual ones so the stock that we usually watch Metta bearish you can see over here pop and fill the gate Apple the same thing Amazon same thing Netflix same thing Tesla same thing Baba same thing. So we have a market that is totally bearish one of the I would say keys, right? To analyze this is just look traders for the breaking of the pre-market range Gonna ride over here something the room Okay Any question this morning traders on made time and some these stickers that we we just reviewed Really over here some DMs You go over TMG X Can you ever and be okay? No anything about big caps? So one of the main concepts and we're gonna look over here now with With book map to make understand the price action We're gonna look this morning at meta an example. Okay So let me load over here meta. So 930 This is entire day of meta 930 traders we have Open over here Try to put the arrows we have the open over here and You can see that we have over here right away the Jalen's bearish So at least the 90 may is below the Jalen one and we have this spike Spike right away sells off over here. So we open we go above the high of this bar We fail boom. We're looking for that short and You can see we make its bar over here a lower low every single bar until this level makes a lower low So bearish scenario bear trend Some Twitter asked me Jay if I see over here big heat map should I go long? So this is a level over here 310. It's a whole round dollar number It's a key daily level that I also have traced. Okay, doesn't mean that we have a heat map We have to go long. This is a level where we have possible Traders may be covering Okay, and they're a set of it there to cover their position if they're short So they already place as a limit order on the book or it could be Traders that maybe they want to add to their position long or they want to start their position long this could be even, you know some kind of Big investor or firm that wants to take just a start a small position long and Then adding a later on so doesn't mean that we have a support over here 310 310 we're gonna bounce because you see a big huge red heat map This is only a level where liquidity is stacked, but I could share with you other 10 levels over here The 305 300 290 and so on So what do you have to do more than taking these dips as long? I would say Timing a long signal Analyze first of all your chart for example, you have to look at your daily chart So shift to a daily Start looking at what levels are important over here, which levels are important? You start see those level where we had a balance for example 290 287 over here and You can see where we have to get filled at 300 or one So those will be the most important levels on the chart We're ideally I'm looking for a potential bounce Not only because I see a key level of support on daughter flow. I'm gonna take along. Okay, don't make this error You simply buy every single day Next You have to look at how the price reacts at the level So do we have a bounce at 310 and we're talking about this level over here Do we have a bounce or we simply breach into and use selling pressure We don't Reclaim the level start bouncing and pushing we simply fail We have a major breakdown that means that we have a big sell-off and don't buy those dips Okay, so always look how the level reacts Now this morning or so some traders on meta that they were trying to buy the dip And I'm gonna explain the reason why we're gonna zoom over here on bookma So we're gonna analyze this and we're gonna put over here a One minute chart. So this is the last week. Okay On meta. What can we see over here? We have a trading range So we have a level over here off resistance 318 50 Okay, so we can set this as a major supplier major resistance In the last week and we can set over here another level. We can trace another level At this support. There we go three thing Okay This one second so major support Breakdown Now look what happened over here. This was a resistance from yesterday 314 So the trader this morning Let's zoom in over here Okay, the trader this morning started to take a long position Exactly where once we reclaimed this level the trader got long so on book map We're also gonna zoom on book map of the trader started to long exactly over here and You can see that the price Purchased a little bit like 30 cents 40 cents and right away started to unwind not a lot of volume But off on the long side and right away it started selling off So right away you see over here a bearish candle and then we started being lateral and Then we started pulling back over here to where to a level of supply now Which is this opening level over here the 313 area and also to the J lines So if you are this is the main point over here the main concept Let's say you are long as the trade over here was But the trade doesn't work Stop out and if that is Starting to form that setup is starting to become a short setup. So not a bullet setup Or your lies to be wrong that the market is all turning to the downside So we have over here the major index is bearish You start having over here of confluence of other factors like not only Mehta, but NVIDIA Tesla Amazon AMD and Netflix Microsoft Apple and others So the entire over here we say the tech stocks that are unwinding then start Shifting your bias from long to short what you can do. Well, simply use our reverse button from long to short that's one of the best ways to Simply get out fast and immediately reverse your position Because often you will take a scratch a small stop, but then you can take a major unwind And over here, this is an example of what the market did today So if you start looking for those longs and the longs don't work simply cut your position and Then start looking over here for your short by subversa If we're looking for a short the market is bullish. We're gonna look for a long. Okay. Okay traders Questions on this Okay All right next one. We're gonna look at Amazon Which overall did almost the same exact thing So what we had over here, let's look at the last Week so all we zoom out a little bit. This is a Chart on one minute. So we have over here. We can put our support This low And we have what a descending triangle Why just load the support? Because we have over here a level where we bounce so this work this level over here of one three eight one three and fifty Worked as a demand zone. You can see that three times of here. We bounce This morning this level gave us the confluence of the Jlands that you can see this gray band over here plus the level support You will see often that Jalen's work simply as a catalyst So they are like a lot of traders say magical actually they are because it's about the Fibonacci code that Works with expansion numbers with This This indicators Over here what we have we have a trend line. So we have this and triangle or Distribution pattern this morning the plan was To not trace something like Hamilton. So we don't have any get up. We don't add any get down You can see that we are starting Into this pre illustrating range So the market also started to unwind. So then you can start looking for these shorts At the open again, we have an open below over here the genus. It popped and Then fail that's a pop and fail and again over here. You can see that pop and fail On book map Let's remain over here There we go. We have a major Reverse of the pattern we always talk about the v pattern. So this Reverse over here in this case. We have the reversal v pattern and then we start breaking down Rejecting that level you can see breaking down rejecting this level and then over here all the way down to our Level of support over here. We had a bounce Another possible position over here for a scalp short Nothing really big for now Resist of it here until we hold this resist that we can look for more and wine on the break of it here out But again, what can we see? push Rejection fail push Rejection fail. So when we have this kind of scenario Yes down RTY down why I'm down and Q down so index six spy SPX options, whatever Every single time that you see something that they cannot hold the open level, but it's weak over here Okay, then start looking for Those fails, okay those rejections Correct play over here Major target 139, which is near this level of here major support And then we had a little bit of bounce over here You can see that we start having a curl at the bottom of here into the 138 and 40 Which is exactly the level over here of the already J-Lens Okay, we're now still weak not really looking to take any long in this market yet So we have Google that is down Baba is down Disney was a gap up this morning This is down as well We have some this is up We have yes now down and Q down Tesla down So market is simply bearish. Let's say bearish over here. Let's not take to take any countertrend Stay with one side of the market in this case. Everything is still fading. So I'm reading over here a question that I have in DM Others asking if we can go over in Nvidia. We don't have over here a plan on a beta this morning We are still in the structure inside a pure steering brain. So I didn't cover this into the pre-market plan We can look at the book map what happened running video and To analyze together a little flow I Trace this level of here in the early pre-market. So I was looking for this We can say turn line something like Very flag over here You can see prices going down bear flag over here. So I'll pull back to this resistance breakdown over here the 44 444 445 and then Right now breach it into this reaching below the support here So let's look at bookman Nvidia Okay, if you look at Amazon if you look at meta Very very similar over here again Opens Let's look at the open Small push over here and fails right away. This is very quick happens in 10 seconds, right? You can see over here first a lot before though below the open level a Test over here our first level of liquidity 441 so in that moment 441 is exactly over here near that support That we have from yesterday low Then we have another support over here from Last week. This is The second of August you can see the low over here 43 Sorry 433 and then we have a major support at 430 So we dip in this level for 41 another level over here so formulae highs or lows and Again every single barb here until this point, which is 955 Makes a lower low and lower high Okay, every single bar in 955 We have something called over here a beer flag so you can see a pullback near the dealings and then more and one So pretty weak over here. All right, so a trader was asking about TNJX Think we can go review in this So I'm gonna explain over here what we said about TNJX Let me take over here also book map Okay, there we go I'm gonna also open over here the overview on TNJX To share with you a few things traders those are here live it off So we have a stock TNJX with around 42 million 43 million float We're a star with a high institution ownership. So everything every time we step off 25 30 percent We have a stock that we consider high institutional ownership We have an insider ownership about 51 percent You can read over here the news. So we come in over here from the earnings and then Over here, you know, nothing more just tells over here down with therapeutics 137 gainer but Only earnings over here on the 0807 This morning simply strong over here out of the gate pushed upside So I made a forecast on this and I said in the room the only level to watch is 850 But no high forecast fader. This is below 50 percent forecast fader So I was inscreen sure the time explaining this and the reason why traders We have as of course an extension play. This is not a gap. The volume was super high So if you look at these bars over here, every single bar makes a higher low. So not really looking to trade For also my forecast system something that I teach to members who only take the one one with me The forecast was below 50 percent to look for a short on day one So that's the reason why we didn't have any single setup over here too short Most likely we're gonna look ideally for a bear trap in the long over here if now we're gonna have a good set up TNG X Now putting a set of lower highs or lows, but now what we're looking over here. This is a good support at 750 you can see we have a here the jail as we have a previous day high So we're gonna monitor this level very closely if we can have or a dip and push it up side or a fail Rejection and unwind but no kind of short over here. No gap. No reason and as I said for my forecast fader Very low below 50 percent Okay question from AC Do you implement any rules in terms of how many times you were versed within a period of time only one body only one Because the wiser will get topped out. So at the gate if that setup Right away you're being like bull trap or bear trap Then you you reverse your position or at least what I do is reverse in my position But only if I have that in the first few minutes not during the day Okay, so now during the day Let's look back at nvidia And let's put over here nvidia on our book map Terrific over here move this morning Uh, I look at my hourly chart and daily chart So we can go back over here to the hourly We broke this level This is my level of demand over here that we have At 420 422 This is a pretty good level and let's put also over here the weekly chart Weekly doesn't say too much Let's put a daily Daily over here. Yeah, that's a pretty good level so 420 421 key support area Not really where I'm looking to take a bounce long. Okay. I'm not looking to take any position long until the market won't bounce And also still big sell-off over here of nvidia. So staying just simply with the trend We had a morning fail the first view of projection at 436 435 Other setups over here. I don't see The level that I will be looking for First possible bounce 400 not before than that And the only way that I will start looking for potential longs on nvidia Is not because they simply unwinded this morning more than four percent But only when the market is going to bounce. So yes and in queue and all others So I'm reviewing over here some charts You're welcome bud. You're welcome So I'm watching over here pen this morning get up, but You know set up over here to trade simply reject let the gate major rejection you can see so pen rejection Let's look also at baba Baba was a better scenario because you can see that It tried over here to push So much better scenario this morning baba Target we are looking at right now A potential target is 92 90 93 We have also the support over here So this level of liquidity over here This support the next one would be so 94 50 the next will be 93 Yeah, nice morning verse over here on baba Tesla perfect with the j-slim over here traders Don't know if anybody took it Beautiful playbook. Wow. What a j-slim over here 1011 also with a good level over here on book map Well, this is perfect over here So why use book map because it gives me confirmation of a potential entry in this case we see here A morning pop and fail And then we start having a pullback to the v-wap And then a major pullback over here to the level of j lines. You can see how perfect gets into this level And right away rejects. This is the level But then we start forming over here a big heat map So this point over here 248, which is this level over here You can see a tops and then wash over here. This is a nice two points two points and 50 move And it's still making lower highs lower lows over here So potential still move over here to 244 and then 240 today Okay Any more question traders? So v-han is saying is asking over here any way to check exhaustion on off the other floor. Yes First we've been talking about this a lot in the previous videos. So first go check the videos that um I cover In many you will see how to find exhaustion or a capitulation And I look for two major patterns one will be the pattern that you can see on On the exhaustion to upside one will be the capitulation to the downside We had this morning one exhaustion over here and I will share over here on rmb Okay, so this is a small cab This morning we had the move over here from $091 all the way up over here to 340 My alert Came in the room too short exactly this level over here Besides the fork is that I had beside the setup that And I explained into the trading room. This is a very good explanation. Sorry. This is a very good example of exhaustion So this is a previous peak. You can see this 338 and we have a formation over here for heat map Almost 4 000 shares. So not that huge right right? And you can see that we form over here what? We form over here our first pullback back over here to 280 Stars over here to see more buyers, but then you can see that on this push over here. We have no more buyers So once we get Or we say no more Big buyers Once we get to this level over here We start forming over here a liquidity area And it's trying to push again into this previous high Which is 338 simply doesn't have any more demand over here So how to know this level that's the reason why the setup that we Teaching the members gave us a short setup exactly this here Over here. We start having a first pullback to the outside A second or high and you can see that this doesn't have any more power to go break this level over here And over here we have a heat map. So we have like seller placed After this peak we start having lower highs and then over here no more buyers So when i'm looking at this There we go When i'm looking at this you can see at the peak Of the server here. We don't have any kind of big buyers I don't see any kind of big green dots. You see this is the first exhaustion over here And just look at this week We break this week. There's no more liquidity And once we have this fading After we start forming a new heat map. So a new seller jumping in That gives us the confirmation of that exhaustion Of course, you are in a very manipulated environment in the small cap land So there can always be a pullback and then new buyers new volume coming up even 30 minutes 60 minutes later But in this moment over here, just look at that point over here this week Okay, you can see no more buyers here. No more green dots only sellers over here red sellers, right? And that tells you we have exhausted over here. We are exhausted Let's look at tngx So curling over here from this level Let's look at nvidia stall making lower highs or lows Let's look at tesla Making lower highs or lows and cure lower highs or lows. Yes lower highs or lows So a lot of trend following over here Weak market to simply stay short Don't fight this kind of market traders The level that i'm watching is 240 For a potential bounce on tesla. That's my key level But I will enter over here only if the market is going to confirm So yes and in q ym everything is going to confirm of a potential bounce and everybody Falling nice. Okay. I'm always looking for that confirmation This is my support over here. You see the previous low From the 20 center of june. So we're going back over here one month and a half This is the level where we bounce. So that's the reason why i'm looking for that 240 over here this level support If I use book map over here, I can see 240. There's a main liquid area. You can see stack of this 240 But again, I need to see how it reacts and how the market reacts at that level. Okay all right 1115 we cover one hour. We're here all the market today went on small caps tngx and ren b In big caps we cover all the things that you see so tesla. I'm a some maintenance video baba Bearish market. We look at the poppin fail We look how to see those pullbacks if you enter wrong you reverse your position to the short side and uh, that's it Here jtrader traders put a like if you like the screen share reach out if you need You can find me at jtrader.co for private mentoring 101 or coming to trade over here at the academy Thank you very much. See you again next week and good luck