 Hey traders, this is T Bradley 90 from the my investing club chat I'm one of the top mentors and moderators in chat as a special gift to our viewers on YouTube We have created a free two-hour course to help teach you how to start a consistently profitable trading business and identify high-paying setups in just 30 days There will be limited seating every week so register for the course and reserve your spot now Using the link in the description as a special bonus for everyone that watches the entire video We will give you the link to a free 10-hour additional mini course that has never been released to the public Register now before all slots completely fill up. Good evening ladies and gentlemen so Today we are gonna talk about My favorite long setup It's a setup that I've played for quite a while, but I Wanted to bring this one to your attention as recently. There was an extremely good opportunity on this that I was able to catch a Healthy piece of it with Brian as well. We've been talking about this Trader tax CPA in in the MIC room been talking about it for several days And the trade was on Home Depot Or ticker HD, but what I want to talk to you about is the pattern itself So I want to explain this and how I find it And that way that you can look forward to So let's just give your just give a chart example here and pardon my drawings on a laptop. So Actually, let's just do away with that. We're just gonna look at a line. So Let's explain the first green day So first green day would be something like this where Actually, let's use red be something like this So you get a big red day Another red day and then that's a bad wick right there We ain't gonna stick with that one. Yeah, right there like that. Then you got another red day right here And then Here's what you get you can either get a gap down Or you can ideally get a gap up But here is what you want to see out of this You want to see Green close right here first green day first day that it is closed green In this fat sell-off right here. Okay, so Here is what I like to see Here's the big indicator for me and a lot of people say it's useless whatever I Use it as an added confirmation is And I'll just type this out for you I like to see the RSI Less than or equal to 35 Okay, the reason why I use 35 is just so I can catch the ones that are you know 32 31 and they're approaching Under 30 what is over under 30 or under 35? It means it's approaching oversold And these are daily candles by the way and this is I'm just gonna denote this this is 14, which means that's how many days it looks back So it's 14. It's a standard Is less than 35 and this is going to be based on a daily so In the buy signal is actually very very Very obvious it's very timed as well. So first green day Sells off massively first green clothes right here. It's the first one to close green. You're watching the chart You're looking for this in the end of the close, you know 5 10 15 minutes 30 minutes an hour or something like that Looking for that real clear indication that hey, this is probably gonna close green and there's no chance that this is gonna just resell off back to red and And and then your swing is I generally will swing these for a couple days or a week or two or maybe just overnight But these are the indications of that and what I look for. Okay. Now. Let's jump into actual Chart so here is Home Depot and here's how it has played out. Okay So here's what I look for the big sell-off right here. That's the sell-off I wanted I put the 200 moving average on my chart because I want it to be in an uptrend I don't want it to be breaking down below this 200 moving average if I do Buy the break down First green day and it's below the 200. I'm gonna be selling it really quick Because it could run into sellers when it gets close to this it could run into algorithmic selling Algorithmic selling could be triggered based on you know a 200 moving average or a moving average crossover and so on and so forth So but HD if you will add RSI and Just go to that one right there 70 and 30 and we'll just use wire out yep same settings like this apply that And if you look right down here, it is just so perfect Pink That little blue line means that it just barely went oversold. Okay And really good companies when they go oversold It's almost always a great bounce opportunity in the long run and even in the short term Notice here what happens? Gap down on earnings More gap more gap or it gaps up here. See this is why you wait for the close See it gaps up and sells off even more. Okay, and then it opens Basically break even tries to push green and can't fails to now. Look at this This is what a bullish reversal candle can look like. I don't know what this vert with this candle actually is called, but Um It obviously is clear that you have a big wick at the bottom, which means that there was a lot of buying Involved in that candle and the volume was strong So Let's actually dive into this What I look what I actually did here. So Hey traders, this is tosh. I go by t bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about m i c joining m i c Maybe you're a member already you have three ways to contact myself personally and through m i c You can hit our social media You can hit me through pms and chat or you can contact us through my email at tosh at my investing club.com That's tosh at my investing club.com I will get back to you in a timely manner And i'm saying this because i'm here to help and I don't want anybody to be afraid to reach out And ask any question that they have we are here for you guys. All right. See you guys