 Nice to have you back with us. This one is about how important it is to use a different timeframe to confirm your play. Spy was dropping and we were looking for a bottom. Where is that bottom? That's the big question. Depending on how long you wanna hold the play, you need to switch to different timeframes to see where that support is. It's really important that we get into the play where support is. Doesn't matter if the trade looks over sold. If there's no support, it will continue to drop. So, see all this long set of red candles at about 1015. It hit the 200 EMA, which is the green, dark green line, and then it started dropping. We look back on the same timeframe. This is five minute. See this bottom? I'll show you on this line. This is pre-market. I tend to use pre-market because it's a gather of a lot of different tickers, and although there's not much volume on that, it shows you that a lot of people were interested in that play. Spy for that instance, at that level. So basically, I was looking at that line, and if I look back, I'm like, okay, this was the low of a Wednesday morning, and people started to get interested into the play at that level. I was expecting the whole thing to bounce there, but before I get in on something that was pre-market volume, which is super low, I switched to the one hour chart. One hour chart gives us more time, and we could look back. So I looked back, see? And oh, there it is. There's a top. It was a previous top on Wednesday the 27th to the 25th of August. We got to a top, and I was like, okay, this was the previous all-time high, see? Previous all-time high before it started wrapping up to where it is now. So I was looking at it. We had the drop that occurred pre-market on the five minute, so I was like, okay, this is support. However, you see that there are other support lines just to confirm a little further down. So I was under the impression that no way we could have flushed through, let's say 46 on that. We were at least going to see some sort of a balance on or very close to that 449, 39 line. Now, you all see this on the left side of the screen. You all see this old resistance that became support on this pre-market candle. Now, it did continue to go a little further down to let me show you where to this line. See this black line? I'll remove the yellow line here. Here it is. So it came down to this line. Now, this is exactly what it did. Show it back on the five minute here. It came down precisely to that. So you see that using different timeframes, you could use that one hour in this particular case that showed you that there was a while back, there was an area where it created resistance. So resistance is an area where people start selling at that point. Anything higher, they're happy to go and hold, but anything lower and not super happy, they're going to sell. So that creates an area of support for in case of a draw, right? And this is what happened today. It dropped precisely to that line and then it started ramping up. We went to the 450 calls, thinking we would at least rise to 450 and then some. My final price target was 451, which we got. It was a little heretic, but we managed to get, I believe it was 79% on the play. Yes, I entered a little early. I entered here on the yellow line where the bounce was. However, final support was shown on that black line, which came from a little lower than anticipated, but still you could tell that there was plenty of support on the one hour chart a little further back. I was not, see here, the black line shows that there was an old resistance line, which becomes support for our purpose on the daily trade. Now this was same day expiration because we were expecting a bounce that was short. We weren't looking for much, but when you play same day expiration, rewards can be pretty good. Obviously risk is higher. However, if you anticipate the move, knowing where support is and when you are okay to sell, in this particular case, first target was this one here, see this resistance, I'll get rid of that black line for you here to make it easier for you to see. So see this yellow line was a bounce right at the gate and it used the same line for resistance. However, I was under the impression that we could get all the way to that 450-82 and see this is pre-market support and it acted as support again where we acted it. However, I was under the impression, like I said, my final target was 451. I believe we got just a little higher than that. If you see 451-13 was the high of that rise and then it started slowly turning down. However, what you need to remember is this, when you go to find a bottom, please confirm with a different timeframe, looking back. It could be further back, but if you look at a weekly, it's not going to tell you much if you're playing spot. However, if you look at something that is a little closer to what you're playing in this particular case with a one-hour chart, it can tell you a lot about where support and good resistance can be for your playing. Hope you learned something out of this. Keep practicing. Look at charts, draw lines, and please don't forget to subscribe and hit the like button if this was enough for you. Thank you for watching, folks, and we'll see you in check.