 Welcome back folks. Thanks for watching and tonight what we're looking at is the opposite of what we looked at last week. Last week we were watching double bottoms, basically the point where we find previous buyers and where we meet the same point on the downside. We want to look at the mirror image of that, which is double top. So basically we have buyers all the way to a certain point. It turns down and then buyers show up to the same level but without crossing it and then it gets turned down. Now we had many tickers doing that last week, even tickers with relative strength to the market. And this is what I want to show you because we had telltales showing us what could have happened and basically they were giving us hints of a possible turn down. So basically we were able in one point where it came down to a point where we managed to buy, it went up to a certain point which was resistance, came down a little bit and then hit that resistance again and then went downside after that. And that line, that double top, that's what we want to be able to identify. Now even when we have a situation where the market is weak and we have a situation like this, when we believe we could go to the downside even if the market is pulling back a little bit, we understand that as soon as the market gets a grip, this line is going to break to the upside because of strength. However, if the market continues to move to move down, people that were in the first and the second attempt, basically they lose faith and they start, they start selling. This will happen and you will see that you will have a candle touching the high. Sometimes we get another candle at the bottom like this, sometimes it tries again. When it does that, it looks like usually like a cup and handle kind of thing. However, if rejects it and then moves down like this, well it's no longer a cup and handle and so we're moving down to the downside, back to the downside. On a very bullish day, it could be consolidations or what you're looking at is a possibility where we're trying to get through and eventually it will. However, when we have weakness, well it will not break through and this is why last week we had tickers telling us clearly that this was a double top and it's for us to identify that and I should have seen it closer and it should have flashed to me in a proper way and I want to show you exactly where and the idea is always to make sure not to reproduce the mistakes. So let's meet on a real chart. Now this is the first example. I was looking at the beginning of the day on SQ, which was bullish to me and this is what happened right at the gate even before the ballot started rising. See this green candle here started rising. Obviously it was profit taken after that at the 200 EMA, that green line is 200 EMA profit taking. It came down to what? To the pre-market support, maybe a low lunder. Call that maybe even this line here is even proper. It came down to this line which was pre-market support, bounce, bounce, bounce and then it bounced on that one. So even if market was tanking, it's showing us strength making us believe that we will bounce and this is where we took the entry. Pre-market support even though it came down a little lower before the market opened, it looked like we were in a safe position for more upside. Now 211 here, sorry 111 was the upside resistance and the entry was pretty good. Now let's move out of this and show you exactly what I want to share with you here. Now we came to a huge green candle after the entry. So a lot of people were buying up to what? To very defined clear double top. Now we saw this last week for a very good entry point for upside. Now this if you flip your your chart upside down basically what we were teaching is you know comes to a point goes up a little bit comes to the same point then it moves up. Now it's doing the exact same opposite goes down to a point it rejects it it goes down to the same it goes back up to the same point then it moves back down to afterwards. Now this is on a day like what it was at when we alerted. It's a tough one because a supply looked like it could start rising at this point but it didn't catch a grip so basically you're looking at you know it starts dropping and when you see that you're under your support it goes to this support line and then there's very little support afterwards. So what's the good a good strategy in this particular case is what? Now because we're looking at a plan where our plan was to cross 111 and it didn't when when it doesn't well the proper way would be to make sure that we stop out at our entry level because this means that let's get back in in a better position when we're in a better position. It was good I mean if you're good enough to take this and realize that on this candle it's not going to bounce any higher on consolidation that's that's excellent. You know this is only a few seconds in a play maybe a few minutes but the safest exit is when you clear this low here and make sure well when you get close to it then you realize that you're going to get red well this is your out position. I'll show you another example that is very clear just like this one