 It's always a pleasure to have you back. This one is all about what triggered my play in the Facebook play today, alerted late in the day at about two o'clock. I'll go step by step on what I was looking at and why I went into the play. Maybe this will help you out. Now, Facebook was very strong last Friday, so all the tickers that are strong one day might or may remain strong the following day, but you have to see a reason for it. Basically, I was watching it crossing a line because look at what happened on that Friday morning right at the gate. It went through a line and then there was this yellow line acting as resistance here right at the gate and then it had a great day until the end of the day. What happened at the beginning of this morning, basically it opened and it went poof right on that yellow line. See it? This was support. So basically what happened was it was trading fine up, up, up. It didn't want to cross the line and then it dumped. But it didn't go any further than the bulls that were there last Friday. So basically, if you look at things here, all the bulls that decided to be in above this line are still happy to be in above this line. So this tells you that below are the sellers. Under this line, sellers. Right? Also what it creates is a channel. We go up to this line and then the channel we reject it and then it's coming down to this channel line. When we trade a channel, you either want to be part of the breakout or what's nice is to be part of the breakout when we're at the bottom for a breakout, right? Now what I was looking at is this. We were on support. We rejected the top and then we were coming down towards a certain line. Another thing that caught my eye is this. See on Thursday, now we're on the 320 auction strike for this week's expiration. And on Thursday, 2500 contracts were sold. See this volume? Now on Friday, we're at 10,000, 10.6,000 contracts sold for this week's expiration on the 320. And looking at today, we're at 19,000. So basically volume is increasing while the ticker is on the bull side of things. Basically all these options are telling you that somebody is expecting to be either above 320 in order to be at expiration in the money or someone is extremely bearish knowing that it's never going to get to 320 and they're selling the options because what this volume is telling you is the volume changing hands from one contract to another hand. So it's never because there's a high volume on one strike that it's going to go to that strike. No, it could be someone selling, but it could also be someone being very bullish about it. I was more in the bullish camp because of the fact that we had a very good day on Friday. We were still on the bull side of things, but I wanted to remain on the bull side of things. So this is when the entry becomes very important and this is how we do it. Now we're back in the chart. I was telling you that this one here was the line that was rejected from the open, right? We got to the support that we tested last Friday. Back up, rejecting, rejecting again, and then all the way down to the same line. Now we get a double bottom. We have two options. Either we get in here, calls, and if we break under, we are in the sellers territory, so it can drop very quickly. Or we can wait for confirmation. This line was also support, right? See here, I'll take some off here, bounce here, went up, down, tested here, the line, the yellow line, then went back up to the green line, green line is the forest green line is the 200 EMA. So here is 200 EMA, which was tested here on this point. Now this is where you have to be patient and look for it and wait for it, in fact, because 200 EMA, it will come down to this blue line, which is old support. Two things are going to happen. You're going to break through it like this, like that, drop below, right? You've seen that happen before, right? So this becomes a triple bottom. And most of the time, this is what will happen here, because we're below, we will have a lot of shorts covering, so basically it will go like this. It will reject the old support and become new resistance and it will drop. This is really textbook for a bearish entry because here we are on the bearish side of things, right? Or the other thing that will happen is this. Let me clear up a few things here. Come here, test 200, we come test this blue line and then we go back up. So my entry was pretty much right here. And the idea was I'm basically go a little higher here. Basically what I'm risking is this level. I'm risking this area because if we get under this is the stop out, right? You get stop. I'm risking this area to a potential of this area. Why? Because you know that this area, there is no resistance. It was touching it many times, came back down to test the yellow line. It will slowly go back up to test it again, which happened and down and then this is the end of the day. But basically what happened until getting a little messy and sorry here, but basically what happened is right here we alerted the 320 strike for this week. This was at 120 per contract and no greed. You know that this line is resistance because it was resistance, pre-market resistance right after the open. So we took partial profit here at 202, which is decent for about an hour of trading. So all in all, back to all of this, right, I'm going to help you out on a few things. What I was looking is previous day support and then we're still in the bullish side. We are holding support, intraday and volume on the strike that we're interested in. All this managed to set an entry at the right place for a decent one hour trade. So basically this is what I was looking and this is how I made the trade step by step. I hope you guys are watching, listening, learning. Let me know comments. I hope you enjoy it and I'll catch you again for another great trade. Take care folks.