 Welcome to the channel. This is Velava Rudy. In this video we're going to do a BTI charting update. Now the reason why I'm making a charting update for BTI is because over the last month, the last 28 days, you can see right here, my BTI videos that I made in August are actually my top two viewed videos. Now isn't that something? So I decided that I wanted to make a charting update for BTI, saying that I have started a small position in BTI as well. I figured I would reward these viewers with another video. So before we get into this video, I'm not a licensed financial advisor. Everything in this video contains only my opinion and it's for entertainment purposes only. I already stated I do have a small position in BTI, so take that with a grain of salt, but I'm going to try and be as unbiased as I possibly can. So over to the chart. This is how I've had my chart set up for a little bit and I stated that, you know, we do have a wave one. We set this double top that is near my 702. Now anytime I see that, I instantly think that it is a possibility this could turn into a five wave structure. One, two, three, four, fourth wave backtests in the bottom of wave one. This yellow line is insinuating that wave one. And we did get a couple trading days above that wave one, but nonetheless we did have a clear shorter term downtrend right here with one, two, three, four, five points of contact. We did get a slight trading day above it, but pretty direct contact with that. And we did get this gnarly gap down following that. But we also have this short term uptrend right here. Now I have not bought this uptrend, but it is identified. Now my position was initially made right before this dividend. I was trying to sneak in before that dividend. I had already stated that I like the valuation of BTI in those mid-30s. I think I forced myself into position a little bit higher, a little bit than I wanted to, but nonetheless we did have this nice gap filled. I got filled right before the dividend and this is where I made my position, trying to sneak in before that dividend. Now my last BTI charting update, I said, you know, this is a deep wave three that we do have a medium term uptrend. One, two, three points of contact. And we did get really good action off that, off this dividend. And I stated, you know, this is probably going to back to this bottom of wave one and I'm not going to look at it. And here we are. We're trying to hold this uptrend. Now a couple things that I need to point out as well. So I've talked about the wedge pattern right here, this little wedge pattern, the short term. We got the medium term uptrend and then we have the downtrend. Now on this downtrend, I'm on a month chart right here so every candle represents a month. You can see this double top that comes in here at 2017. Now this is the all-time high price for BTI. This started my downtrend. Now the start of my five wave structure that I have mapped out right here gets direct contact from that double top, making my third point of contact. The 7.02 retracement, which is my wave two, puts another direct contact with this downtrend. I like the way that's set. But going over for more of a long term uptrend, there's not really anything right here. I do have this marked in on my chart. Do I think the price is going to get down here? I doubt it. But if I were to mark this channel that it was previously in, you can see that we do have a pretty fairly parallel channel. Now I have talked about this wick right here in my previous videos. On this fall, we have a nice double bottom pattern that gets an extended right leg. Anytime I get an extended right leg, I'm looking for the price of back test the neckline. On this wick, we do back test the neckline. And if I was to insinuate, okay, if I were to have bought this neckline looking for some sort of swing trade, you could, you would have got it. And it would have been a nice little swing trade right there. I do like the back test of the neckline trade. I have done many in my day. Some have panned out. Some haven't. It's part of the part of the investing world. But that is how I have my charting update. Let's go back over to a day chart. Now, do I think that we're going to get this way five? It's tough to say. I want to see, I want to see this, let's zoom in just a little bit more. I want to see which direction this wedge pattern is going to get into. But you can see we do have a gap fill right here, the green lines insinuate gaps down in my chart that have not gotten filled. And the red lines insinuate gaps up that have not got filled. Regardless of how I see this, if I was interested in picking up more shares to up my small position that I have right now, more than likely I would like to go off of this more medium term uptrend right here, one, two, three points of contact. So depending on what the chart looks like when the price, if the price were to get down here, you know, if the price wants to push this shorter term downtrend, and you know, okay, I'm not interested in averaging up in my position and I will be happy with the shares that I currently have. So charting update, how is it going to act with this down, this short term downtrend? If it's able to push that downtrend, I want to see it actually put up a fight and get to this more medium term downtrend that we have set on our month chart right here. Now, if it's able to do that, then I would be more interested in maybe buying this short term uptrend just a little bit, but then any sort of crack down to this trend line, I would be a lot more confident buying off of this medium term trend line. Now, if this medium term trend line gives out this first gap fill with a crack of this low, I probably wouldn't be as interested in buying, but the next gap right here, I would say, is probably a buying window from 34.5 to 33.5. And then below that, your next window is probably from the upper 32s down to the lower 32s with the previous low being the upper 31s. And anything below that, you know, my next thing on my chart, we have this low, which is the COVID low. And then go switch back over to a month chart. And you can see we have the top of this previous channel right here, which I do really like the valuation in these upper 20s. And we do have this neckline support over here that we work down to, you know, I could see the price getting down here and I would be interested in upping my position from there. Nonetheless, if I were to take a fib tool from the top of the move to the bottom of the move right here, you can see we do get pretty direct correlation with my first extension. We've set this double top into my second extension. My extension points, I'd probably say is probably clear resistance. So right here at the 50 flat is probably good resistance 70 and a full extension is up to 100. Now, if I were to map this fall right here, where is my 702 retracement? My 702 retracement is at 60 flat. So that's probably some resistance built in right there as well. If I were to pull that down a little bit lower, yeah, 60 flat is probably nice resistance. I would want to see it push this down trend, have some sort of back test meeting in with this medium term up trend on top of this downtrend is where I'd want to see. And that's my update on BTI. I hope you guys enjoy the video and we'll see you on the next one.