 Hey, what's up B2, I'm Zeke and welcome to the dream green show. In this episode, I'm going to show you guys how I made this trade right here, where I made over 100% and another trade right here, where I made over 300% and just two trade. I'm going to show you guys the skill and technique and walk you guys through the process of how I came about these trades and how you could use them today too. We're going to be talking about one of the most important chart patterns in technical analysis, the double top and the double bottom. These patterns can give you powerful insight into the direction of a stock price and help you make profitable trades. In this video, I'm going to show you how to find these double tops and bottoms. The easy way on how I implemented into my trades so that you guys can get started today and start making money too. But before we get started, I like for you guys to scroll down and hit that subscribe button, smash that subscribe button and hit that thumbs up button that really helps out this channel more than you can even imagine. But enough talking, let's go ahead and dive straight into this video. Welcome back dreamers. As investors, we look to buy stocks at a great value to hold on to for the long run, like for retirement. But as traders, we are always looking for ways to predict where a stock price is heading so that we could turn a quick profit. One of the most powerful tools we have is technical analysis. Technical analysis uses charts and other data, identifying patterns that can indicate where the price is going. Now, I know technical analysis charts can be scary. It could scare you away in fact, because they have so much information on them to have the RSI indicator, the MACD indicator, the Hikonashi counters, the Fibonacci sequence. It could be a lot guys, but today we're going to clear all of that off the table and we're going to trade naked. One of the most important patterns to know about is the double top and the double bottom. A double top occurs when a stock reaches a high price and then pull back and then reaches that same high price again before falling. This price is often considered a bearish signal to indicates that buyers are losing interest in the stocks and it's likely to drop in value. On the other hand, a double bottom occurs when a stock reaches a low price bounces back up and then reaches that same low price again before rising. This pattern is often considered a bullish signal as it indicates that buyers are starting to show interest in the stock and it's likely to rise in value. All right, guys. So before I show you how it plays out, I'm going to show you a very easy way on how you could find these double tops and double bottoms. So you don't have to spend hours scouring the stock market on where the price point is on thousands of stocks. I'm going to show you find these stocks immediately. All right. Here we are inside of my discord. I had posted this one over Home Depot inside of my discord before the price dropped and I have also posted this other one over Best Buy inside of my discord before the price dropped to all of my people that signed up for the Patreon. As you can see, I gained over 118% as I showed you guys earlier and 382% almost a 400% gain on Walmart. Just from doing these option trades. So let me show you guys exactly how I found these trades. Then I'm going to show you guys how to set it up on your technical analysis. All right. So here we are on Weeble. Weeble is the platform that I use to invest inside the stock market. In fact, they have a special promotion going on. I'm going to leave my link down in the description if you signed up with Weeble, deposit any amount of money. You can deposit one penny if you want to and you receive up to 12 free shares valued all the way up to $12,000 with those 12 free shares. You could keep those inside the stock market and decide to use it or you can sell those 12 free shares and withdraw all of your money. Guys, it's literally free money. Do not miss out on this opportunity. But one of the awesome tools that I love inside of Weeble is this feature right here is the screener. So here we are on the screen. I'm going to hit create new screener and we're going to go to the market cap and eliminate all of the penny stocks. So we're looking for any company that has a market value over $400 million all the way up to the trillion dollar companies. We're going to hit done and then we're going to scroll down to where it says right here under the classic patterns it says a double top and a double bottom right here. They also have triple tops and triple bottoms on here but I find the double tops to be a little bit more accurate. So we're going to hit double top and we can look for a bullet signal or we can look for a bear signal and the ones that I look for is the medium term. So we're going to hit done right there and then we're going to hit view results and we're going to sort it by market cap to put all the top companies at the top. So there it goes. Google Johnson and Johnson practice gamble. Home Depot Coca Cola over the medium term. You could do long term or short term but over the medium term these companies right now should have somewhat of a close to being at a double top or a double bottom. So we look at the three month chart right here on Wells Fargo. This company is very close to having a double top all the way back in August. So if you guys want to use the screener to go on ahead and check out the link down in the description to sign up for your 12 free shares. So let me go ahead and pull up trading view so I can show you guys exactly how you could start using this strategy today. All right. So now what I would do with Wells Fargo once I'm very comfortable at the price point that I'm willing to put in an option. I would put in an option trade on Wells Fargo. So I will hear options right here and I would look for anything that is more than 9 to 10 days out. So I will go out to something that this one says 8 days. I would do 15 days because I'm trading off the one hour chart. Remember we're looking for anything that's medium turn. So I'm going to be trading off the one hour chart. So right here for Wells Fargo I would look for something that's 15 days out so I can have time for the market to play out. Now if you're a short day trader you're going to look for something that's that same day but me I like to do medium trades and let the and look at the direction of the market and see how things play out. So if I was to do anything I'm going to look for anything over 9 to 10 days usually 9 to 10 days. But in this instance I'll pick something that's 15 days out on an option trade on Wells Fargo. So if I think what I do I buy a call predicting that something's going to go up and if I think Wells Fargo is going to go down I'll buy a put. So those are the option trades that you would do using the double bottom and the double top myth. All right. So here we are on trading view ticker symbol BBY which is best buy and I had actually used Weeble to find this double top and Weeble had gave me this double top and I used you one hour chart right here that mean every bar on this chart is one hour of trading on Best Buy during the stock market when the stock market is open and and what I like to do I'll grab this rectangle tool and I'll draw out the top of the charts and I like to scroll all the way back and look at the direction of where Best Buy is going and looking behold Best Buy actually had a triple top. So right here it topped out one time at around $86 in the rectangle zone. It topped out again right here in this rectangle zone. So I actually posted to the group. Hey guys Best Buy might have another double top coming up. This might be a good time to buy some push because I do not think it's going to break through the zone. If it does break through the zone we missed this trade but the probability of it reaching this price point three times and getting rejected is higher than it actually breaking through knowing that the direction of the stock market lately has been pulling back even though it's been a little rally going up the overall direction of the stock market has been pulling back over the last couple of months. So that's exactly what we did right here. So I sent this to the group and we just let it play out. So we let it go forward and I think we put in it came back to our zone right here and then that's exactly when I put it in my I bought my put options on Best Buy and then we let it that play out and as you guys can see it actually got rejected and it pulled all the way back to this zone right here and that's when I ended up selling my puts on Best Buy getting me a profit of around 100%. If we go to the next one Home Depot I saw here we are Home Depot. Weeble has suggested this one to me too. We had a hard time breaking through this zone I guess some good news or bad news had came out but it had shot up but we just ignored that but this is the zone that it usually was trading in right here and had a hard time breaking above so it got to right here and as you guys know I like to draw my rectangle tool all the way back and as you guys can see there's another high point that Home Depot hit at around 330 dollars and so we let things play out I put in my option trade right here I bought some puts it actually went above the zone but remember this zone is not a certain price point so we let things play out and went forward a little bit started to pull back went back up and then they pulled all the way back and that's when we saw Home Depot stocks when it put all the way back to this zone down here we like to trade from zone to zone and that's when we came around a 400% profit the same as with Walmart WMT I dropped these zones right here one two and we had bought around right here and it had pulled all the way back and we sold right here so here we are Walmart we did the same thing it was in this zone right here we knew that once you got back to the zone we was probably going to try to sell it again came to Walmart Walmart got to our zone and then it ended up pulling all the way back to around right there and that's when we had sold it when it came back down to this zone and we made around a 400% profit on Walmart now and it is important to keep in mind that double tops and double bottoms are not automatic is best to use other indicators in conjunction with this pattern however they can be a useful tool in your trading arsenal and help you make more profitable trades so in conclusion these are the steps you go to Weeble you enter all those parameters you eliminate those penny stocks you want to look for double tops you want to look for double bottoms you take a list of your top market cap companies from that list and you go over the trading view and then you draw out your charts hey this is probably this is a good zone if it reaches the zone we're going to buy put so if we reach this zone we're going to buy calls depending on the direction of the market for me the market had been pulling back for the last couple of months I had bought some puts when it came back to a zone and it played out well for me if I just win two out of four I'm going to be a profitable trader because I'm able to win over 100% and I can only lose 100% when it comes to option trading so so far this is the method I've been using to be a profitable trader if you guys do want to know every time I buy and sell a stock or post my technical analysis or post my option trades I'm a leaving link down in the comment section to my patreon the patreon to take it to my discord side of discord I post all my technical analysis like I just said and we also have pro day traders inside of the discord I post that option trades every single day if that's more of your style and you also be a part of a community of investors in traders that want to be financially free just like you so if you want to be a part of a great community like that check out that link down in the comment section but let me know guys do you guys have any other trading strategies that you use to have been a profitable trader over the last couple years let me know your strategy down in the comment section or just let me know down in comment section if you're more of an investor or your day trader a swing trader let me know everything down in the comment section I love for you guys coming sometimes I love for you guys comments a lot of y'all to mean but hey if you're gonna go down there be me you might as well hit that thumbs up button that subscribe button so you could be mean to me the entire year but other than that guys don't forget to pick up your free stocks with Weeble I'm gonna leave another link in the description to Moomoo for you guys that laid it to the the end of this video with Moomoo if you sign up to $1,000 you get up to 15 free stocks paid up to $30,000 and once again you can keep those and inside the platform and use them or you can sell it and withdraw all of your money guys this is literally free money with those links down in description but other than that I'm Zeke bring you the dream green show and I'm out peace