 Good morning everybody. This is Bruce at Bookmap. Welcome to the Bookmap Live webinar. We'll cover all markets here. Typically we look at the S&P E-mini because that's what people request. We can look at whatever you like. Tech is on fire today, so we can jump over there and take a look at some things. Anyway, so I'm Bruce. I'm your host here. Monday, Tuesdays, and Fridays. I was there yesterday as well because Scott was off, but I'm the lead educator here at Bookmap, and we cover order flow in detail here. We want to provide this foundation for you and others to understand what Bookmap is showing and be able to utilize it and gain some sort of edge from it. You can use this software for any trading strategy. It is a very simple visualization of the market. You can reach out to me on Discord, Bruce at Bookmap, number 3993, and then my Twitter handle is at flow order. We've got to go through the disclosures. We'll just take a second. All Bookmap limited materials, information, and presentations are for educational purposes only. Take us and should not be considered specific investment advice nor recommendations. A risk disclosure, trading futures, equities, and digital currencies involve substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. All right. So let's jump in here and take a look. Actually, this is kind of funny to see Tesla not performing as well as we have seen. Nonetheless, this stock has been on fire. And we noticed, and guys, this is just one example here, that we noticed in Tesla for several days now, the volume delta on the bars, the delta bars here on the bottom were mostly green and a lot. That means that the green dots are in here as well. This means buyers, tons of buyers. And that's what will push this up over multiple days. So we can take a look at the higher timeframe on Tesla as well. Now take a look at the S&P here. It's kind of similar. There's a lot of selling here right at the cash open. But look at the delta again. So we would look at this and there's no reason to not be continued to be bullish here. Just breaking into high liquidity here at $43.20 and continued on up. Now we'll take a look at the bigger picture here. This is a pretty strong breakout though. And where might it be going next? Well, it looks like maybe $25 or $28 up here, liquidity up in these areas here. But we covered this in the webinar the other day on measured moves. So let's go through it again. So we have expectations in here. Now we don't know what's going to happen in here. But the behavior in the auction here in this process and the price action will give us a lot of insight. So for example, let's take a look at this measured move here. Like this one here. And this one as well. And then this one here. So let's just take this one here and we'll make it maybe a little longer. And just say like this is in the realm here. So as a move here on a pretty strong move. So you can see it's almost as high as this move here. And we can place it over here. Now let's also, you know, this move, they're getting smaller. This is the biggest move here. This one's a little bit smaller. And this one's a little bit smaller, it looks like. So let's also compare it with a smaller move here measured. And then what we think it might happen. So 25 is not a bad area to look for on a measured move. Okay. So and this is where you can start to look for areas of liquidity to meet that measured move. Now understanding the order book and the liquidity, the order flow here in book map, this is where it can lend an edge here is start to understand these areas here. So this is in the realm of possibilities. Like a higher probability that a move up into here on this bullish, bullish breakout. Okay. Now we have to be careful about this though. And we have to go through all the scenarios in here. We're still bullish until we see something different. Okay. Are we seeing something different? We're seeing the bulls being tested here. We're seeing actually quite a bit of selling come in. And it's also down below this 4320 here. So that could be maybe we'll see the bears try to take control here. Now the bears would likely take control below the swing here. And what we would look for in that scenario is there has to be a lot of selling. And they're going to have to move that market pretty quickly and sell down to here. Now do we have liquidity there? No, not really. You know, we're looking at that swing and we just we don't see much. The liquidity is down here 4310 and kind of this 08 area down here. All right. So anyway, yeah, let's see. Let's see if the bears can come in here. Now even if they do come in, let's put a diagonal line on here since we are trending. It's hitting that trend line now, but there's also a more shallower trend line here that matches probably better here, the channel price channel, meaning that this is too high. Let's put stops and icebergs. I'm going to take CVD off because I know that's going to be a stop run then and it is. All right. So now before we go into all these different scenarios and what might happen here and what we're looking for or move down, the continued move up, I mean we can still be bullish even down to the swing here. All right. Just because the swing is what's important and once we start to see selling pressure below that swing is that's where the bears can really take control. They may have initially taken control already here because you can see they're selling below the swing. All right. So let's see. Can they do it? And if they do, then we'd be looking for this move down to this swing here at 14 or so. All right. Now let's just we'll come back and revisit this because it's a little more complex here because of the higher time frame. And that's what I want to take a little bit of a reprieve. Good morning, Tony. Aloha and Luis. And let me know if I'm mispronouncing that. So let's just we'll come back and revisit this because I don't want to get too complex about this specific area here if it's higher time frame. And I think it is because of the stop run here. So let's come back and revisit it here. And let me take a look at the higher time frame candlestick chart. Okay. So we have over here and what we're going to do in here is look at the same ideas and concepts in order flow or price action, I should say. And then extrapolate some of that information from the very low time frame we're looking at book map onto this higher time frame here. So it's kind of the opposite. We're not we're kind of drilling up, not drilling down. And we're going to go through the same concepts in here. Right. We're just going to have to use candlesticks and we only have volume in the sub chart here. And you can see how much less transparency we have in these types of charts. Even if it's volume profile, it doesn't matter. It's just transactions. And all you're doing is aggregating it on the horizontal instead of on the vertical bar. All right. So clearly bullish move here. In fact, this could turn into a nice flag pattern here on the daily chart. Strong breakout here above the range and continuation. Now we were calling for this back. Let's see, where was it? Yeah, we noticed it here and that how this was kind of tricky. The on this day here was we were bullish until we see something different. And we we noted that it might come back into the range. And if we do see that because it gapped up, no, I'm sorry, it did not gap up. Well price went higher. I'm sorry, it did gap up. It gapped up here. And we're like, well, wait a minute, hold on, it gapped up. But if we see sellers come in and we're looking for that gap to fill and and yeah, did and then some and then it retraced further. And then we saw this strong candle. And then we saw this breakout here. And there's no reason to be anything but bullish. It's breaking out, it's making higher highs. And it was on pretty strong volume at in book map that day. And again in here, like some real back and forth in here, I thought we would get a deeper pullback to be honest. There's just a lot of strength in here. We've just revisited these small little wicks in here on this daily chart. And then we see the breakout. All right. And this is strong. This is very strong. We also took a look at and this is important to do on breakouts, higher time frames is we looked at the weekly here. Right. And the weekly chart is telling us a lot. And this is a strong last week was a very strong week and a bullish breakout. No question about it. Look at this here. And then we're looking for continuation. This is both very bullish here. So we were looking for this wick up here to be the next test. And that's where we're going right now. So this is around 43 27 up here. And we're not quite there yet. But I'm looking for it. Right. A test up there. And there's going to be a lot of stops up here. We were looking for a lot of take profits in here as well in this area due to this strong selling move back on this was August of 2022. Right on this weekly chart. So that's where that strong move really unfolded here. And are their sellers still in it? Okay, they're being tested by the buyers. The auction process works on all time frames. So we're looking at it in here and trying to gain some understanding. So far I on this weekly chart I just see nothing but bullish activity here. So I would be looking for not only this test to the swing but above it. Okay, I think last Friday we were looking for potentially 4,300 to test. Good morning, Bill. And there was a discussion about that well in the higher timeframe. Yeah, not only 4,300 to test, but 4,400 maybe even up here to 4,600 or 4,500 up here. Right, 4,600 is up at this swing up here. It's above it actually. 4,600 up here. Okay, there. So and this is where we could go, right from this breakout here. And that's our higher timeframe analysis here. All right, let's take a look at and drill down a little bit here and look at the hourly here in the middle. Okay, so the hourly bars. Well, here's our gap, our go. Here's our pullback. Pullback came back a little bit further than this swing here. Came back down a little bit further. And then we see the breakout here. I think we're on the webinar during this time and we were looking for the move. Yeah, we were. Yesterday. This was yesterday. We saw the break here of this swing and we saw a lot of bullish activity. Right, so and I think a huge stop run or maybe icebergs. I can't recall it was yesterday's webinar. But whatever it was, it rejected the breakdown. We saw the buyers come in. We're looking for the test up into these wicks up here. And it blew blew away expectations. Not only did it test into it, it closed up above on the hourly and continued on up and tested up to these swings up here. And that's yesterday. Today we gap up again here. And we continue on strong move here very strong. And then again, strong move here on the 15 minute on the right hand side. So it's it's it's all green. Now, where is it going? And we're looking at the swing here again on this higher time frame. So somewhere around this 25 to 27 area would be the swing now. Now we have kind of laid out the the levels in here on on the higher time frame. And now we want to match that with the auction. Okay, what's happening there? All right, so here we go. All right, so yeah, we were looking for the continuation of the move. We outlined the potential for the move back down into 14 here. And and you guys can see what happened. It's it's quite bullish here. Didn't even come back down to this trend line or where these buyers came in. It came down to where these buyers came in right in this little area here. Some back and forth in here and then the bowls come in above here. Right looking for the continuation on up into higher liquidity 20 back to 20 and then back to up here at 22 and a half and our 25 level still up here. Okay. All right, so and I don't see anything different. It's still just looking for this to continue on up into 25 and we have 20 what eight up here, right? We talked about 27 but 2028 is up here. And that's where the liquidity is. All right, Bill, good morning. Let's see. Able to give an example where you mark levels using Bollinger bands. No, I don't use Bollinger bands at all. In fact, this is something that is kind of important. We develop here in book map indicators that are atypical. You know, I'm going to show you market pulse in a little bit, but we have stops in icebergs down here. We have very different ways of visualizing the market data. And the reason being is that we don't want to do something that's already been done for decades. So we're going to offer something a little different or maybe a lot different. And then you can utilize that with your higher timeframe Bollinger bands if you like. Okay, so, you know, we don't, I mean, it's up to you. Maybe you like Fibonacci's. I don't. You know, I do like standard deviations of maybe a VWAP or, you know, something like that. Bollinger bands I'm not a big fan of and some of the, a lot of these other indicators are oscillators. So instead, even CBD, which we have, I really like to look at and understand the auction, the price action, the transactions within that price action, and the auction process here in the order flow. Okay, so for example, this 25 level, you know, we would anticipate there to be a pullback in here at 25. I would anticipate a pullback to be here also at this 22 and a half. It didn't, it didn't pull, actually it did pull back here. I would, I would anticipate the pullback to be here though, come back down. Why? Because I know there's high liquidity here and I know it transacted right here. So what does that mean? It means these aggressive buyers that have so much buying pressure seem to be buying handover fist traded into a lot of sellers here and the transaction took place. But there was still more buying pressure. So that, that goes to the strength of the, the markets here. Now there's a, there's a distinction though in here about these buyers in here, right? And the distinction is this. Yeah, it's aggressive buying. There's no question. It's a stop run though. There's a lot of stops being triggered in here. Okay, this is the kind of transparency I'm talking about that instead of Bollinger Bands we can show this and this we believe offers a lot more transparency than some sort of mathematical indicator. Okay, so for example, we know who uses stops. Well, us, retail traders, the, we know who uses iceberg orders, which we can also show on the chart here. And that, that's going to be larger players. So we can have a context here of smaller players getting stopped out using stop loss orders and larger players here. Here's our context. They are, they are buying in here. There's 533 icebergs, six, six different icebergs for a total of 533 contracts in this little area. Okay, so that, that gives us some insight. And it's the markets, to understand the players behavior in these markets instead of some sort of line on a chart that is mathematical, right? So, yeah, anyway, 217 stops triggered up above the 22.5 level here. Let's zoom in here and get some deeper insight to it. There are multiple stops in here as you can see when we zoom in. We can look at all the details in here. And why would I do this? You know, who cares? Well, to see really where the stops are transacting here, and we'll take the best bid and offer off of the chart here just to clarify, stops were triggered in here. It's just one price level, but there were some stops in there. Again, one price level here, there's 30. Again, one price level only here, 68. Now, they could be stops to enter, that's true. But typically, there is a stop loss order by smaller players willing to or cannot take the pain any longer and want to protect their account. A larger player may not be using stops because, well, why? Because they can just average, they have probably deeper pockets and to average back into their position at a better cost, right? And we can't do that really. If we do that, we can get run over and have a day where we lose 30% of our account. All right, so kind of an interesting little stop run process in here. Typically, what we see is a big run, a sweep of the order book, and then it just triggers stops all the way along, and then the stops all get dumped at the top here, and that would be the slippage. And we don't see that kind of happening here. So it's kind of interesting to see that. All right. This is getting kind of toppy up here, it looks like. Let's take the stops and icebergs from the chart. I'll take them off here now. Yeah, so you look at the selling coming in now. See how different this is than before? This is strong move, a little bit of selling, strong move, a little bit of selling, strong move. The selling is starting to pick up, right? Starting to pick up. Still pretty strong move. This is weak up here. This is a weak move. There's a lot more selling in here. And then look at buyers, no one wants to buy, not many up here. If we're going to have a lack of buyers in here, and sellers are interested at this level here, this is an opportunity for them to get into the market. And likely what these sellers are looking for is kind of a more of a reversion to the mean, or the majority of the transactions. We can look at our volume column like here. Maybe it would be here, and that lines up pretty nicely here. So let's mark it up. We'd be looking at maybe down into this 19 level here. Okay, the sellers try to make it down there. Our trend line broke here, but this is a more aggressive trend line. This is our more shallow trend line. For a more aggressive trend line, we can probably delete that now. And we can also delete this one. This one and this one. Oh yeah, our measured move. Yeah, well, our measured move actually worked out, right? We wanted to see it on the actual move. It was back and forth, and finally made it up there. But yeah, let's just, I shouldn't have deleted that. Let's take this one and we'll take the bigger one here. Let's take this one and let's move it back up. Yeah, so yeah, it worked out pretty well. I mean, even if you take it from here, you know, 25 was a good area, and that worked out pretty well. Now again, you know, who cares about the measured move? What we can understand about why it works, though, is important. For those of you looking at your market internals, looking at your ticks and tiki or, you know, all of these different internals, your advances, decliners, etc. Well, when you look at the tick chart for the entire New York Stock Exchange, there's only so much pressure the market has in it before. It just simply has to take a break. There's only so many players and everyone, even if everyone buys at the same time, like, you know, it can only, they can only do that for a sustainable amount. And then you get kind of a reprieve of that, and that's how you get these pullbacks. Or if no one is selling, all you do is you get a very bullish flag pattern that you get a strong move, and it just basically trickles back and forth. And then the market has taken that break, and then it can continue, and you get your continuation move. All right. So anyway, make sense to me. That's the way I look at it here. Another one is understanding the pressures in here with stops. And we know this is a stop run in here, and there's a little one up here as well. Now, if buyers can come back up here, and I would anticipate a pretty nice stop run now, like this size here, maybe bigger, okay, we're back up here and we're finding buyers again. Now look at the delta in here. McLoco, I know you like to use your cumulative volume delta. Let's actually use this tool, zoom and drag, and put this within our chart range. Okay, that's not what I want to do. Fun. We can use control Z to go back to the previous view. Okay. And I want to go to auto re-center. Okay, there we go. I'll show you what I did here. Now let's just take all of this in here and put that within our chart range in here. And let's look at our cumulative delta. Yeah, there's more sellers. You can even look at the imbalance up here. There's more sellers by you know, eight, nine percent or so. Okay, so all of this volume in here, even with this strong move in here, there are more sellers. That's telling you something. And now this is, now we have some information here and we don't, we don't take a decision based off of that. We look for what's happening up here. And then we go through a couple different scenarios. Scenario one, and we talked, we just mentioned it, be a stop run through this area and it should be pretty strong. Okay, because we have a lot of sellers in here. These sellers will be buyers up above. And that would be our primary scenario right now. Our secondary scenario would be that we come up here, trade into this high liquidity, get maybe a retest, no buyers, sellers start to come in and then they start to move that market back down into the swing here and maybe lower our 19 level, which never transacted. Right, so it looks like that is starting to play out a bit. It's just back and forth in here right now. Again, look how we just don't, you can't make this stuff up. This is your cluster of buyers here. Hold on, I got to get out of still in zoom mode. So or zoom by drag, you have to click back on it, exit. Okay, here now I can put in my cluster here or my rectangle. This is interesting, interesting moves back and forth in here. I would look for this to be trapped. I would look for them to move lower after that. It's, this is not, they're not really trapped if price can come back up here. So what, who might be trapped are actually the sellers now here. Right, so then we can get our, our primary scenario and our move back up to 28 here. Okay, so we had to kind of shift that. Now we're back to primary scenario and we just need to get buyers up here and then they can press this edge and we can get a nice like a three point move up into 28. Kenji, I don't know what you mean to any, any thoughts on the weird algo bracketing this morning. Let's, let's take a look. And is this the S and P? Yeah, okay. And we can talk about it. So he's talking about the, the bracketing here, like the following kind of shadowing price action here. You know, these are, these are algos in here that will, you can see how they follow. Right. And you can see, look at this algorithmic activity here. They're here, they pull, they add down here, they pull, they add back up here. It's constantly working back and forth. Right. These are stacking algos that, you know, they're, they're in the queue. They're pulling and then, you know, they might be stacked like, you know, looks like here we can even count the levels here. One, two, three, four, maybe four or five levels in here on the offer, the same on the bid. Okay. So providing pretty high liquidity, likely one, two, three, four, yeah, like a point away from the market. Okay. So that's why it's dark in here. And then you can see the liquidity in here. That's a point away and is about a point deep as well. Right. So, yeah, that's what these players are doing. These actors, they clearly, they stayed in the order book in here, but these guys were actually in here before. Right. Right. In here and then also here. And that's our 20 level. So that's what's going on there. McLoco, quick question on what is the symbol context for the next contract? Yeah. Good question. Yeah. Rollover is a very difficult time, I feel, due to the, you know, the different players doing many different things. And it might be outside of the context of what we're looking for, right? Their behavior is different. Because the contract and the environment is different. So that can, you know, lead to like very strange order flow, typically. Right. So let's take a look at it here. And that's what you're looking at. Kenji is this one, right? You're looking at the U contract, probably. And you can see like it, you know, it's not quite ready yet at all. So maybe that answers your question there. Kenji. Yeah, there you go. Trader, that's exactly, yeah, that's it. Yeah. Did I not, I guess I did not see that it was, you're looking at the U contract. Anyway, there's your answer. But you'll see this also, you know, during times of volatility or, I don't know, other times we've seen that kind of halo around price action, halo of liquidity. And it's due to what we discussed. All right, guys. So here's our move. You know, we're looking for one of these scenarios to play out. It really back and forth in here. Very choppy in this little area here. We thought, okay, well, here come the sellers. No, we're back up. No, buyers, buyers can take it up to 28 now. Nope. Now the sellers come in, right? This can be furiating, infuriating, but this is trading. And this is the battle in here. We were looking at trying to slice and dice a little bit closer in here, but actually now that we look at it, we can see what the battle, how it unfolded here. All right, let's just take a look. Scenarios are still the same, right? But the battle zone in here is bigger. It's here. And then this is where the seller came in below this swing, and then they started to move market here. All right, so that's how that kind of unfolded. Okay, the analysis is the same. It's just in the scenarios are the same. It's just this is the battleground has shifted and it's a bigger kind of like two-point zone there. Yeah, Trader next week is where it's really tough. So it's going to roll on Monday. Let's take a quick look at it. And guys, this is all I do. And I know other traders, they do it differently. I'm looking at the volumes. So I look at the contract spec from the S&P, E-mini, and then I click on volume here, and then take a look at the volume. And when I look for the volume to roll, you might look at the open interest to roll. But that will roll first before the volume does. All right, so when you start to see that, and like someone like FT-71, for example, he starts to trade the new open interest. Whereas, you know, I'm looking at the volume, which is going to be older open interest. So although it might be more volume, it is older open interest. It's up to you. You know, I like to, the reason I look at it is because it looks much cleaner and clearer in book map, even though that it is older interest, it is more volume, right? So this has a ways to go as you can see the September contract. You know, you can see how the open interest is changing and shifting here. In fact, it has rolled here in the change, as you can see, right? There's a lot more new open interest on the new contract. It's a negative value here. They're taking away and adding it into the September contract here. But look at the volumes and the current volumes as well. I mean, it's just, you know, by far the biggest contract is the June contract. All right. So anyway, that's the way I kind of look at it. And if you need a review on that, I can show you where that is in our learning center. Okay. Let me show you. We have all sorts of new videos in here in the Getting Started tab here. So you can find this from bookmap.com. Let me show you. Click on the More button. Go to Learning Center here. It's open to all. And then click on Getting Started Course. And then adding symbols in here. Click on that one. Open it up. And then you can see adding futures and stock instrument, symbols, guide, help, adding a crypto, and then editing detached tabbed instruments. It's the symbols guide, help here, video that we cover this. Just what I went over looking at the CME contracts, etc. It's just a minute 43 instead of me explaining it here for like five minutes. All right. So all these videos are very short in here. So this is a very concise way to get educated on using bookmap. All right. That's why I'm showing this here for you. Okay. All right. There's our move. Now, interesting move. Like sellers certainly taking control now. Next area is here, 14. And the next area after that, and a pretty big one, is down here around 12. And there's liquidity in there. Okay. So that shift and change took place here. Hey, we looked at it. We noted in this, there's your cumulative volume delta study for you, right? That there were more sellers in here than there were buyers. Okay. So that's for McLoCo. And again, the way that you can do that, well, you can look at the, you know, the lower highs, lower lows, etc., in your cumulative volume delta. But the, you can also put this within your range. And that's what I wanted to cover here. So we can take this whole range in here and then take a look at the study. Okay. So we'll cut, we'll cut out all of this volume there. And we're including this volume. So we're actually giving the edge here to the buyers. And yet they're still more selling. All right. And that helps. That helps. So this is where it helps me. I like it. McLoCo is understanding this range in here and more buyers than sellers. Now, I already know that there's a lot of selling here. And I already know that there's not a whole lot of buying here, but there's a lot of buying up here. Okay. And I cut this selling out. So still even with this pretty strong volume in here, you can see it that, you know, in the bars and the size of these red dots in here, there's more selling. And this whole range and whole range in here, there's quite a bit more selling in here. Right. So here's our shift and flow. And then here is our winner. It's the sellers. Okay. So now let's take a look here. So there's a really nice kind of way of looking at a reversal using cumulative volume Delta. Now that matched here with our higher time frame outlook as well. Talked about it up here. And I still thought we, well, we did test up to it. I don't know what, does anyone know exactly what the high here is? I don't have that bar data. Okay. For that week. But it, you know, it tested it here. We were looking for it. I thought we'd test a little bit above it and then break down after. And we might, we still might actually, we're just getting maybe some profit taking. Maybe we'll get a pullback to about here. 4305 and then a move right back up. It's pretty big move, but it's possible. Yeah, there you go. There's beautiful digressions. Guys, if you want to jump over to the Discord channel, All Markets, Bruce is the name of it. Our Discord channel is free. And then you can see stuff like what McLoco is posting in here. You can see the, this image here. We can break it out here. And so here's the divergence he's looking at. Just understanding in this range in here, there are more sellers than buyers. That's telling you something. Okay. Now, like I said, I've been burned on divergences so much. It's like, yeah, it should work. It should work. It should work as it continues to go up and squeeze against me. So I look at the order flow. However, you can still look at CVD and then look at the order flow as well. Okay. Like we were looking up here for those two scenarios and the potential here for this to be a trap and this to be a stop run. Let's verify it. Is it a stop run? Should be. Yep. Here are the stops down here below this swing. It's likely these buyers in here are in this whole range in here. All right. So we got that. We understand that behavior. And let's see what else is happening in here below this swing and seems to be accepting below it for now. Yeah. I'd look for the buyers to come back and retest this 20 level or 19 and a half here. And there already are. Here they come. Okay. So it might be able to get above it here too. This might be our kind of pivot area here. It is a low volume pullback, but volume is picking up right now. So we can look for maybe up to 23 here. All right. We talked about this the other day. It doesn't matter if it's a low volume pullback. We look for a low volume pullback and we look for continuation to the downside. But if it has tested back up to where this move initiated, all it takes is buyers above the low volume pullback. And then you can get these moves and stop runs to the upside here. Another short squeeze. But typically what we look for is the strong cell volume and there's all this back and forth. But let's just, here's your low volume pullback here. Okay. It is lower volume. And then you look for the continuation. Be a break of the trend line. Okay. The first pullback would be here, okay, where these buyers came in on a more, you know, kind of micro timeframe. Again, just understanding these three elements in here. Price structure, which is the price movement here, the price action, the best bid and offer. Then the volume that transacted on that best bid and offer, which are the volume dots. And then the third element is the liquidity heat map. Okay, the order flow part. Where are they providing liquidity and are they transacting? This auction. Naji, you want to look at gold? Yeah, we can look at gold. I have the 6B up here. Someone was requesting that and we still have it here. Get rid of that actually. Yeah, I want to take some time and look at some of the correlated markets in here. And this being one of them here, very important one in today's market as well, especially today's market due to the interest in tech. Okay, so the pink line here is Microsoft. The blue is the Nasdaq e-mini. And the white one is Apple. And we have that relationship in here. So, you know, Microsoft is pretty strong. And it's pulling back now, but the here is pulling back to about here. Anyway, we'll cover that in a minute. Let's let's hear. Here's how you add gold. Rhythmic. I want to look at you have to select the Colmex. And then here's our gold here. But I think we have to look up the symbol from the CME again. We're on the August contract. Let's look on volume and interest again. Yeah, clearly August contract by far. Gold is weird in that way. Oops. G, CQ, 3. All right, guys. So now we're down into our 12 level, right? That's what we're or below our 12 level, right? That this swing here, I would look for some profit taking here. We've hit high liquidity. I'd be looking for these buyers to also to start to buy here. This is a deal. And let's see if we can come back up into a market structural area here. Let's clear our drawings and let's market up this horizontal line here. This would, this is where I'd look for the first pullback. Okay. And we're all, I'm just not quick enough. It's already doing it. Okay. So yeah, I would, I would take some off the next area because we're bullish here, right? Bigger picture. But you know, yeah, I don't know if it's kind of countertrend. The sellers are in control from here. So I may just, in this case, the way I may manage that in from my perspective here would be to just all in, all out. Okay. It gave me what I wanted. It's a countertrend move because the sellers are in control from up here on downward. And it's a lot of sell volume. The next area would be here back to our 19 level where it broke from. Okay. So it gave me what I wanted on the pullback. It was a pretty quick trade idea. And then it delivered. Okay. Now it still might continue on up, might go to, you know, our 27, 28 level that we're looking at earlier. Okay. We don't know. But we'll take a look at it and see if it might be headed in that way. Kenji, measured moves, my primary target? Well, it depends. Like, you know, again, trying to be really objective about this, the more objective we are on this and reading the behavior here. And that's what this webinar is all about. Then the more likely those measured moves will play out. Okay. So, for example, this here, this move, why here? Well, because of the swing and these swings here, this would be, you know, was support. Now it turns into resistance. And we have a big volume cluster here too. Right in here. See the move in here? Well, I know that the sellers came in here. So I would look for buyers to kind of test back to that area. Okay, now let's see if they can get back up above it, though. And you can see like also, Kenji, that what was a little bit clearer earlier has changed. The behavior here has changed. That halo kind of around the price action is a little bit different in here because of, you know, this high liquidity in here. And it's getting, it's getting harder to read. This is because of the rollover here. You know, a high liquidity is here and here, what, 11 and a half and 10 and a quarter. What I'm trying to get at here is the understanding this move here, looking for that pullback makes sense. Why? Because it hit our areas. Our area was this swing here. Our pullback would be up to here. It's done it. Okay, and now see all the buyers are coming. Where are they coming in hand over fist? Above the 15 and a half here. Okay, so the next area would be up here at 19. Okay, maybe here, maybe due to this breakout. See how this was kind of a support becomes resistance area here. So it's already testing it right now. Now, the funny thing is, is due to this rollover period, you see how we don't have as much liquidity in here to tell us what's going on. Where are the sellers? Well, we don't likely over in the other contract now a little bit. Anyway, that's what that's what I see. Let's see, let's go and make any association and look at book map and you see W price formation, W price formation. You're going to you're going to talk about a very kind of emotional button with the M's and W's. So what is first off, let's just break it down. What does it mean? All right, so what is an M or a W? Well, it's a price move up to an area. We get a pullback and then we get a move back to retest that area. We want to understand the behavior of the players at that area here. M's and W's or, you know, double bottoms, double tops or head and shoulders or flag patterns or whatever, they are all made up by the participants or I should say they are composed of the participants in the market. And that's what makes it up and that's where we can get the deeper insight. So for example, this one here, this kind of skewed M in here, strong move up to where they sold. It's actually then you can even look at this as being a possible part of an M. But strong move up to an area and this is where sellers came in. We get a bit of a pullback now. Are the buyers strong up here? Not really. You can see they're strong here. They're not so strong up here. And look where the sellers brought it back down to where that strength was here. And we see some good selling in here. Now, do we get strong buyers back up here? No. So now we'll come up with some materials for you guys pretty soon. But understanding many variations of this M or double top pattern in here is where you can get a lot of the different insights. This is one variation. This is kind of a skewed M. Here's our retest. It binds not bad here, but it's only up to here. They can't even make it to an equal high. And we see sellers starting to come in here. All right. Well, maybe buyers will come in down here and raise it back up and then maybe we'll get a breakout up into here and maybe even further. We didn't get that. You can see we didn't get many buyers here. We got very few buyers here. In fact, we got more sellers a little bit lower. I would look for the test to here. Okay. If the sellers can blaze through that area, there's more selling pressure and there is no liquidity in here. Now, we can see there actually was liquidity here, but it pulled. They pulled away from the market. So there's very few buyers here. There's more selling pressure and they take control of the market. That's what's happening. It's not just because it's an M. It's about the participants in here that make up that M pattern. All right. And that happens again and again and again. And we can be very objective about it. Okay. Look at this move up into 19. And then we were talking about it way back here. We were talking about this move here just up to here, which unfolded. And then we don't know. I would anticipate it was kind of a counter trend move. So I'm out. Well, we got buyers back up above the area here. And then this would be the next test. We said either here or here. And actually, it did both. You can see there was a minor pull back there and then they continued on up here. All right. Now, here is another M pattern. Okay. Now, let's try to be as objective as we can reading the participants in here. And let's add our heat map back on. All right. Sellers in control here. All right. So let's just take this across. Okay. So now, this is very different than what we saw before. You see quite a bit of buying. Pretty nice buying up here too. Okay. So sellers came in here and pushed it, but the buyers came right back in. And look where the buying took place. It took place up here. Okay. So this is, we have to be careful about that because we like to see consistent strong buying from the very low end here all the way back up. But there's not too much buying and then quite a bit of buying. That's where the trap can unfold right here. And then we can get the sellers down below it. However, in this one here, I kind of like that there's buying here. And if we can come back up here, I would look for these buyers right now to test back up to here, 18. Okay. And then I think there could be enough buying pressure in here to break through our 19 level. Okay. Because we know that there's some buying up here. Okay. So now we wait and watch and see if this is going to unfold or not. And scenario number one would be, and we didn't get our buyers here. Right. We're looking for them right around in here. And where are they? They didn't really show up. In fact, we're getting sellers showing up here. Okay. So maybe we'll get to move back down to 15. Okay. Now we're getting them. Now they're starting to show a lot more interest. Right. Okay. This looks much better now. For me, I like to jump in here. I like to come up to this 19. I like to take some off. Then I look for the continuation. Okay. I place my stop. I'm looking for it to work out immediately. I place a pretty tight stop on things like this because it's due to the behavior in here. I'm looking for it to work immediately. And that's part of my risk management. Now, it doesn't matter how I may look at it. What matters is how you look at it and what works for you. What timeframe are you trading on? What's your risk parameters? How much sizing are you using? Are you scalping? Are you looking for holding this for the day? All right. Your risk management will vary dramatically after answering those questions. All right. So yeah. So this makes me, you know, I would still be in this, but it makes me a little nervous because I know I can get, there can be a stop run against me here. Okay. And then if that's it, then I'm out, you know, and I look for the next one. Yeah, I'm out basically. I'm not going to have this go against me like this. I gave it a shot. It should, we went through and objectively read it. Now, it still may work out. Right? This just may be a move back down to here and we get buyers back in again and we come back up here and we find our buyers in here and we get a really nice move at that point. Well, I'll reassess it at that point. Okay. Just trying to be clear and objective about it. You know, we're looking for it to work here. Just didn't get it. Okay. Now, that's a very small loss in here. Maybe a point and we, you know, unemotionally went through the scenarios, look for this to work out. This one didn't work out. Okay. We'll reassess it. Again, these are not trade recommendations guys at all. We're just going through different scenarios in here and understanding trade management within reading the price action and the order flow. You got another CVD divergence in there. Okay. Yeah. Like I said, I'm just not a big fan. Yeah. There's our diversions. Look at that, the buying. So now, this is where I do like to use it. If we can get buying back up into above this little range in here, just this little range. I know there's more buyers in here. I'm looking for buyers up here at the top of this little range and for them to step on it. Then my trade management is even easier. I'm in here. I'm looking for buyers to lift it. I can even take some off up here. Okay. Now, if I see a ton of buying come in, why would I even, I may consider not taking some off up here on a small timeframe, you know, scalp or move. I may hold and wait for, you know, something bigger like this or like this. All right. So now this one's playing out pretty well. There you go, McLoko. Yeah. I know you love it. Hey, more power to you, McLoko. Go for it. It's not my way of trading. Okay. Look at it. See how this just turned into a beauty. Okay. We were looking for it earlier and we didn't get it. We're getting it now and we're in it. You know, now again, it's not a trade recommendation. We're just going through the scenario. The more understanding that we can get from this perspective of going through these scenarios, the more objective you're going to be later when you are in a trade. That's why we go through and we don't recommend trading in here because, like, if you can learn these things and you can be unemotional and very objective about them, you know, from this perspective in here, well, then you can start to really hone and study your plan and you're going to be unemotional. Then you can trade your heart to your heart's desire after you know how to react to these areas. My reaction in here would have been to take it in here, probably right in here. It would have been stopped out around here. So that would have been a loss of about, let's call it a point and a half and then it would have been in here or even a little bit lower right here is where we said and then take because we're going to take it up to here and that's where you can consider to take some off or if you don't, we talked about it, if you don't want to take some off or you may not want to take some off if you see strong buying, right? Then you can look for the next level here and yes, I would take some off up here. Okay. So I would be out of a position, you know, half of a half of position here. And so that's 17 up to 20, let's just call it 21. All right. So that's a nice little four point winner and a point and a half loser. And I can still be in this too and look for you know, our bullish bigger bullish move to continue on up into not only 24, but 28. All right, guys, let's see what else we have here. Morning, Deborah. Deborah, I think I may have answered some questions about entries and exits. Let me know. Yeah, great. That's great to hear Deborah. I mean, like, yeah, going through the thought process here, really, truly, be objective about it. Be objective. So that's really the key in here because you're going to read this in here as the behavior of others. And it's telling you something. And it can kind of tell you if there's, you know, an edge in here, a momentum to it. And for example, McLoco has found an edge using CVD. Okay. He's looking for a CVD to be divergent. And then he's looking for an opportunity when those buyers come in. Hey, because he already knows there's more buyers in there. He's looking for them to trade up into these areas here. So he's got a trading strategy. And there it is. You can stop right there and just do that all day long. Become an expert in it. I mean, CVD is going nowhere. It's a very prolific and well-used indicator. So you can use that on many different timeframes and charting platforms, etc. Right. But now you have a deeper understanding in here with the order book, the price action, and these transactions in here. Let's see here. Second wins. Do I think the 245 liquidity in Tesla will transact before moving higher? Let's take a look over at Tesla. So Tesla, we were kind of a really odd day in Tesla here. I would kind of assume a lot of profit taking in here over several days. Let's go to the delta dots. Tesla, maybe a little bit of clustering. Yeah. Well, 245 way down here. Yeah. I mean, the nice huge amount of liquidity in there. Now this looks really back and forth to me. Really back and forth. It's hard to determine in here. The other last week though, oh my God, I thought it was pretty straightforward. I mean, there's just nothing but bullish bars, which, here, let's take a look at it on a higher time frame here. Hold on a minute. Here's Tesla on a, oh, well, we gapped up. Oh my God. Okay, well, here, and it's a tremendous gap from 34 on up to 52. Is this right? Yeah, you said 45. Yeah, it was just down here. Yeah. Okay. Wow. I mean, this is what, remember, we talked about it, like all that delta over several days in here, this is what happens. You get gaps like this. Look for it. Study it. Prove me wrong. Go back and take a look. And maybe I'm way off base. Okay, but look into it. Maybe you find the opposite. I have found that if there's just tons of buying, tons of buying hand over fist, and, you know, price hasn't really quite moved yet. It's bullish. It's moving up. But, you know, it really hasn't had its big move. Well, you can look for it to unfold. All right. We talked about it with how, you know, we saw this years ago in Bitcoin at 20,000, the retest of 20,000. And it was just Delta bars beyond belief, just all bullish for several days, maybe weeks, and then went from 20,000 to 60,000. And, you know, people were buying hand over fist. That's fantastic to hear, McLoco. I love it. There you go. Now you have your trading plan. You've studied it. You know it. You know when you have an edge using it. You know when you don't. And you're really watching it closely. All right. Let's jump back to the S&P. All right. Let's see if we can get our move here again to the upside. Back to your Tesla. It's hard to determine it. I mean, you can see today's action in here. I, you know, didn't know that it had gapped up so dramatically. But, you know, obviously look at the cash open here. Just a ton of profit taking in here. And then here, let me try. I'm going to try something in here. They get rid of all of the, all of the drawings in here. And I'm going to right click, go to chart settings and then inherit chart settings from, let's say from Apple. Here we go. Okay. So now it's the same setup as Apple. And now, let's see if my drawings here are the same. Yes. Great. So that works. Okay. I was just testing, there was a bug with some of the drawings. Anyway, guys, so look, selling in here, down to here. Funny, funny enough. I mean, this kind of market structure stuff. You know, I just love it. This is the line in the sand right here. Acceptance above, retest through it, back up through it. Now, here's your rejection here. Okay. So that, you know, what I'd be looking for then, and here is sellers really have to pick it up in here. And this is not enough for me to look for that momentum move down into 47, maybe 46 and maybe 45. And yeah, this might be it, but I don't like it. I just don't see that selling really pick up in here. It does not look like this kind of selling in here. Right. So I know time of day as well, but whatever. The participants in here are not convincing that they want to come down into 47. And that's why I'd stay away. It's not worth it to take the risk. Is it possible to look at the higher timeframe on the weekly and liquidity levels? We're working on that. But, you know, it's a little different in here in book map compared to other charts because look at this for example in Tesla. There's liquidity down here and it's live at 200. And there's liquidity way up at, you know, 300. Not much. Well, yeah, quite a bit actually up there. Just can't get up there. Here I have to go this way. Okay. Yeah. Here's our 300 tons up here. Right. Well, you know, this is all data in here. These are all data points. And it's all live. And because of that, you know, it takes a lot more computing power and zooming out is kind of challenging. That said, though, there is, you know, our book map web. You can look at a book map here for crypto on the web, web.bookmap.com. And you can zoom out one month here. Right. Just click on the 1M here for a month. And it will show you liquidity as well as volume for one month. All right. This is for Bitcoin from Binance. All right. There you go. So there's your bigger picture, which is pretty interesting. A lot of liquidity down around this 25, 25,000, 250. So, and then you can see this was rejected in here. This is something I actually looked at the other day. I actually tweeted about it. But this was just a massive liquidation in here. $1.8 million liquidated here. And then something like that. And then was looking for the move back up and back up into like 680 or so, which is it's done. I'm sorry, it was it might have been in here, that liquidation. Yeah, it was in here. It'd be amazing, though. Yeah, it's only it's only for the cryptocurrency. So second wind, the desktop version here book map does not offer it. You can get up to like a day, I think 24 hours of backfill data. Wow. Okay, look at the push below our level here. Okay, so sellers coming in. All right. Again, this is why I like to take my profits at some of these areas here. Right. It helps me be more objective. You know, there's all sorts of trader psychology stuff. I really think, to be honest, I'll just be very blunt and honest about all that trader psychology and material. I really don't agree with it. Like, yeah, you know, you have to know how to manage your trade when it comes down to it is managing your trade. You might have argued with your spouse the night before the day the morning of or whatever. And, oh, then I shouldn't trade, you know, no, you can trade, but you just have to manage your trade correctly. Can you do that? I think it's basically an industry that's popped up to anyway enough venting on it. When it comes down to it, know how to properly manage your trade. And that's what matters. And no matter what your condition you're in, you have to know how to properly manage your trade and try to be as objective as you can about it. If you can't manage your trade properly and be objective, then maybe you should consider not trading that day. There's your psychology, or for me at least, that's my psychology. And just leave it at that. So I don't have to say, like, oh, I'm not feeling my bio rhythms are off or, you know, the moon phase is different than, you know, what I'm used to, whatever, can I manage my trade? Right. So up here, you know, not bad. You know, objectively, I'm out of it. And then, you know, we could have looked for this potential move here. And in the structure, and we could talk about that M pattern again, up in here, some little micro M in here, and then kind of a bigger M here. You know, it's basically a double, double top, or maybe a triple top in here. And again, it's the order flow in here. McLoco, I don't see any divergence on this one. I might get it on this one, though. No, not even this one. I don't see it on this one either. Yeah. So I don't see an edge in there with it. I imagine you probably missed that one. Or maybe you're looking at a bigger, bigger, bigger picture here, this over here. Yeah, clearly in here. Again, I get very leery about this. There's just too much data in here. I know there's a lot of selling in here, but it's just too much at this point. You know, I like kind of a smaller area for the divergences, but it's just me. This is clearly a lower high here, though, compared to over here. Okay, this is, wow, this turned into a really nice move, guys. All right, let's zoom out. Where is this going? Well, here, it looks like the first spot. And 4,300, the figure looks pretty good, too. Okay, let's get rid of all these drawings in here. Look at some bigger time frame stuff. Now, again, you can see how this works in the bigger picture as well. And I'm sorry, I wanted to get to market polls to hear this market. And we can really get some insights with that market polls tool and correlated markets. But we just kind of been talking about a lot of market structural stuff in here. And we've seen some good things. Well, here's our kind of original break here. And I don't know if this is, yeah, I guess we can kind of look at this in here. Yeah, I don't really like it. But what I did want to cover, though, is the higher time frame here, right? So then you can start to look for this potential move on that higher time frame. And this will then relay back to what we looked at here on this weekly and daily, this move up into this swing in here, and then starting to see a bit of a pullback on the weekly here. Let's look at the daily. Boy, it's still pretty bullish here. This is where I would look on the daily this 4,300 as support here, to be honest. This looks pretty good as a bounce off of this and then continuation. Hourly as well. Maybe you can come back down a little bit lower here, maybe 97, and then get a bounce back up. That would be the gap fill here. There's a little gap in here, as you guys can see. And so the gap fill would be actually full gap fill would be here at 96. And so, yeah, this 4,300 or 4,301 and a half or three quarters looks perfect. A little bit lower, I would say, maybe 99, maybe we can get down to 96 for a gap fill, maybe even below the swing here, 94. And then look for the afternoon of maybe continuation on up. Oh, yeah, McLoco, yeah, that's a great feature with this CVD. You can go to and create, we even covered it in the video from that learning center in here. You'll see a video on CVD. Click here, come down to your sub chart and widget panel and then CVDs in here. So, you can watch the video in there. I'll just go through it quickly in here. So, you know, I'll put the link to YouTube for you guys. There you go. Yeah, nice 20 points. Did you grab that, Luis? Very nice. So, this is our CVD. You can add multiple CVDs and filter for size. Click on the plus tab here. And then add, let's just say, larger, larger players, right? We'll give it different colors here. In fact, I'll make it teal or something like that. We'll create it, larger players. There we go. And then we can, in here, put minimum accountable volume size. So, let's actually bump it up to 10. And then in here, we don't have to put in a max. We can just leave it. You can also cap it up to 100 if you want. That's it. We're done. Now, what we can do those, we can pair the CVD down here. Hold on. Let me make sure. Yeah. Okay. The larger player CVD compared to the smaller player, or regular CVD, all transactions. So, this is 10 and above, right? And look at this. See this big green dot in here? Well, that's a lot of buying. And that's larger. That means these transactions in here are clearly of larger players. Clearly. They have to be. Who's using 10 lots in here? Or above. We can filter for more if you want. But you're looking at your 10 lots in here. And it just completely, you know, in relative strength in here compared to the regular CVD, it's dominating here. And now, price is still going against it here. And there are even more buying up here. Right? There's even more on a larger player buying in here. Look, even more. All right. So, this is looking good, then, for down to 4300. Now, what we're looking for in here, let's just go through this example for CVD only. This is only for CVD, okay? Due to this insight here with the larger player. And this is what McLoko is looking at. Right? So, we'll just input here. We'll look at some price structures. Okay? So, we have a trend. All right? And we're looking for when buyers might take control. Okay? Well, here, they're already starting to come in on a very small time frame. You can even trade it right up to this, like, 01.5 area here, potentially. Okay? And now, these are tricky. It's like catching that falling knife. So, you know, you might have to, it might take you two or three times to do this here. And that's a part of it. Right? So, you know, you just take your stop loss. It wasn't ready. Right? We're looking for this in here. It wasn't ready. Breaking microstructure first, and then looking for a bigger move. Okay? If it can't make the break and sustain the microstructure break, it's not ready. Okay? That has to break first. Okay? So, still going lower here. Larger players still continue to buy on CVD. All right? Now, here we go again. All right. Do we get our buyers up here? Continuing to buy. What's the order book look like? Are they staying in the book down here, going through these scenarios? We're looking for liquidity to get filled in here. Well, I don't really see much getting filled in here, until if we can get down to 98 and fill that liquidity. Okay? So, it's maybe, yeah, maybe we need to wait for that. And we're waiting. We're watching. We're looking for, and, you know, these buyers to take control. And we're seeing them come in, but we don't see them taking control. And we can objectively say that. Okay? We're waiting for it. And then maybe, if we get a big green dot up here, then maybe, like, it's not a trade recommendation, but you, this is a possibility of entering here. Okay? So, suppose you did. Right? Now, you're, you have a quick stop. Again, probably around 99 here. But now you're looking for where this might go. Okay? Well, how about, well, we can look at microstructure or market structure. Here's a good area. Here's where the sellers came in. Okay? We can look up here. We can also look at liquidity at the swing up here at 0875. Right? Now, we, again, just note that this is like catching a falling knife. Right? And it may take a few times, but we objectively went through this. And we're understanding this in here, using cumulative volume delta as a filter. And then we're looking at the order flow. Okay? Your first target may have already been achieved here. But maybe you're holding for more. Because you know there's a lot of larger player accumulating in here. In fact, since we do know that, why can't we just objectively go back in here and take a look at where do they really come in here? Well, how about here? This is it here. All right. If that's it, then that might be a good place to take some profit. Right? Consider that as a target. Is there liquidity there? And you know, you can see like you can, you can start to understand, if we can mark this up and understand some of this behavior in here, look at the behavior. Like clearly there's large liquidity flashing in here. Right? Up in this area here. So something's going on up there. Okay. Futuristic signatures. So you're filtering for 21 lots instead. Great. Hey, whatever. Just as long as you know, the concept is the same. You're probably, maybe you're getting better insight using 21. That's great. Okay. So yeah, did you take some off here? Are you still holding it and waiting for this liquidity up here at seven and a half? Now, again, we're not in the trade, we're just going through the scenario, trade scenario or the potential for the trade. But to understand where you might take your profits and your losses, okay, and your trade management here and just have reasons behind it. This is a good reason over here. Really good. We identify these players in here. Okay. Maybe they're taking some profit up here. Then if that's the case, well, they're obviously going to be in profit in here. Right? So you can look to take some in here. Now, let's just take a look at this though here. Okay. So this is catching a falling knife. However, I do want to, and then we've got to go. I'm encroaching on Tom B's time. Sorry, Tom. We just saw something good in here about catching this falling knife. So I want to go over that. And we've got a good example with this cumulative volume of Delta. So let's delete our drawings and let's take a look here. All right. So now, catching this falling knife after this pretty strong sell-off in here, we identified the larger players in the cumulative volume of Delta. Okay. And now it's possible that even this move in here, now this is where you'll have to really play with this. And this is again about trade management and about really knowing your markets and kind of filtering your trading plan and knowing what you're looking for. Today is Friday. A lot of times you'll see a move like this, and then it just grinds higher all day long. Right? Or maybe it sellers up here, and then it grinds to the south side all day long. Okay. But you know, it's up to you. You might kick yourself after something like that. For me, I just try to be clear. I'm just looking for something to work out to a specific area, and then I'm out. However, like, this is where you have to do your back testing and look at it. We have reasons for this as possibly a really good area to buy on the longer term. And clearly, larger players must have thought something about it. Now maybe they're taking profits. You know, they're buying it back after selling. Who knows? But we do know one thing. There's a lot of buying in here, and it's at a discount. And this in here, and we noted the larger players in here because the CBD filter, they are buying. But we can also look at this in here. And we just talked about it before even coming over to Bookmap, that this would be a potential area to buy on a larger time frame. Because, you know, bouncing off of this area, filling that gap in here, which it basically did. It was a little shy of it here, of the gap fill at 97. It came down to about 98.5. So there's a possible opportunity on the higher time frame. Now where might it go? Well, how about up to 10? The little swing right in here. And then, you know, maybe 16, maybe 22, maybe highs of the day. That's for you to determine. You have to answer the question, what time frame you're on? What time frame are you trading? You cannot be greedy about it. You have to be objective about it. So if this is something you see on higher time frames, and you see this kind of behavior of the larger players in here, then maybe you are holding for a longer period. If it's something that you see in here, and you're just looking for that move up into about this liquidity here at 07, 07.5, and then maybe you're out, that's for you to determine as well. But the behaviors of these players in here is what we want to identify, and then wrap our own trading strategy and trade management around it. All right, guys. If you like this, please hit the like button. It really helps. And we are looking to do more content on your M's and W's, or CVD, or higher time frame analysis, whatever it is. Tell us, what are you looking for? We'll do more of it. And really here to help your trading to become clearer, more objective. And then once you can start to understand that within the order flow, you can trade anything you want. You can trade any trading strategy, basically, as long as you can start to align them. Thanks, everybody. Hit the like button. And we will catch up with you on Monday. Have a great weekend, and see you then. Okay, take care. Bye-bye.