 Good afternoon everyone and welcome. This is Melissa Arma with the stocks. What should I'm here reviewing CELG? This was a really nice bearish gap today It was a little bit of a wild ride and I'm just gonna briefly go over it for the people that are in the room There was just multiple not multiple trades in this today first trade entry wasn't this for the quick drop If you get out here, it was more than a $2 move. It was it was a beautiful quick move Which which is not happening every single solitary day given the bullishness in the market You've really got to pick the correct shorts lately to do Anyways, this looked good in here, but then it didn't break the low It was still a short the gap was still great It was still really really good no matter where you put this stop in here Which was originally over the high and then I said 9950 either way The stock ended up lifting if you didn't get out in the morning all the way over and retesting 101 and Actually briefly went over 101 101 15 was the high here, but the stock was a good short It really was so I told the room if you want to do this in a 15 minute If you really want to do it you could do it on a 15 minute when it sets up This this did set up it set up here in a 15 minute right into 1115 There was absolutely nothing wrong with this the gap was good It just was down a lot on the day and we talked here. This is going to break again right now Let's just see if this finally gets to 95 anyways It was a great trade it was a great trade this morning was a great trade this afternoon The problem is if you didn't get out in the morning first quick drop Or scalp it then you took the stop and would have had to retake it But as it turns out the second move here is going to be the biggest now. I want to go over exactly what Here this is gonna go. I knew this was gonna go I gave a lecture all morning in the room about this trade and isn't that incredible Anyways, let me just go back to what I was saying here So the first morning drop happened quick then the second move you could have done in the 15 minute Or you could have waited for the confirmation. So what was the confirmation to make sure it wasn't gonna lift again? The five minute. This is a five minute chart set up here So then I was looking at this now just follow me here The stop did a tail with a green head. Okay, this is around the time. It's triggering on the 15 minute as well. All right So you could have been in this but I think it's too aggressive to have done it immediately on the five Just because of the fact it lifted over the high the 15 minute was fine. That was a valid entry Which I had said this in here though Was a really really really nice entry why because it was a resistance if you did this on the break Put the stop right over 99 plus the cushion It was the confirmation because if the stock had lifted over this area that it would have lifted over the high again and again And again, it would have been completely done for the whole entire day so that's that was the second trade then and This this is this is still going so we'll really see where this ends up going here Watching it watching it watching it to 45 if you have time to do afternoon trades You can if you don't you just do the morning trading get out immediately that is preferred But in this case here the bounce this morning happens so quick a lot of people in the room got out Some people did some people didn't if you ended up taking a stop in the morning though This really really paid in the afternoon whether you did it in the 15 minute or the five minute Or even the one minute, although I think that was a little bit too aggressive And if you're still in this now, it's looks like it's going to go to that 95 number There is time left in the day an hour and 15 minutes And I'm not saying hold this into the clothes But it is clear that this stock is going to hold extremely our clothes extremely weak today It held the bearish gap and I knew that it would gave a great lecture in the room about about conviction About this gap itself. We talked and talked and talked about it. Hopefully people learn something today, you know when I'm Looking at these gaps. I'm really looking for something to have the follow through It had the follow through this morning, but unfortunately the bounce back was just so quick But never lost sight of the gap itself. There are so many different entries. You could have done this today But ultimately the stock was a short that was the direction to play this today The stock was never a long today and never set up as a long the stock was a short all day long All day long today and in fact though, we'll just see where we go tomorrow But watch the CLG will see where it closes if you're still in the afternoon trade here It looks great to break the low which was 95 50 if you got out this morning You got out this morning and was done, but the afternoon trade really ended up being a very nice move You had to be a little patient with it in the afternoon to watch it But really not much as soon as it lifted here and almost dropped again As soon as it's lifted over the high it almost got slammed down again So we'll see where this goes review this next week and That's pretty much it so good luck everyone that's still in this if you're out of it You made money in it today if you did it once or twice Some people did it I think three or four times, but it definitely was a short We'll see if it breaks the loan goes to that $95 number and I'll see everybody soon Email me at molestathestockswish.com if you want more information