 Welcome to another edition of this recap folks and this one is about lines we traded Tesla and People asked what do you mean with lines and I'll show you if you want a few good lines that we have Look, this is the daily chart The daily chart Obviously, this is a bottom a line that will probably match this We have other lines this this is a top Where sellers start overtaking the buyers? So basically this one if you carry on this line It will meet at another point where you know it will become support this one also and And so on, you know this These are lines in your chart that you can draw as we go Doesn't have to be the daily this I'm showing you the daily here doesn't have to be the daily Sometimes the higher the previous day the lower the previous day will become lines because you know that people the sellers will overtake the buyers Eventually it's gonna drop and the opposite is also true when the buyers will take the sellers it's gonna turn around and um Eventually you'll get something that looks like this Here I'll show you the lines You know you get a million lines in your chart and this is not what I want to show you this This is more what I want to show you here. I have a line. I'll show a little later I have a line in the what six or nine 80 ish and for the purpose. I'm very close now at 6 10 Why is this and I'll show you in December? Line appeared to be there. Why because we got to a top right here eventually that line became Support right there, right? so Here it got rejected It became a line saying hmm here and there is resistance We got through Then it became support moved on so you know this line eventually along the way will see this same kind of interaction between buyers and sellers and Let me take this a little further Let's move this Over close see here. We're getting very close to the line and now it's a little tight We are consolidating very tight tightly around this range of 6 10 either for a drop or a Rise, but I'll put you on the five-minute chart And this is what happened. Oh see this line This is exactly what happened today That line is in my chart, and I'm not lying. Look at this Drawing the line is all right here. I'll put the yellow line off Here it is 609 80 ish. I always say it. It's in my chart. What happened? when we Saw the open market was dropping and We reached the line directly. This is where we alerted Precisely there because we knew it was going to bounce So we decided to alert here the 6 30 See what I like is to alert a strike that is within my Target range so you see that this top Was very close to the 6 30 range in retrospect. You see that you know 6 30 was Pretty accurate, but the idea was to get back to this old Resistance and this is where we took first out first out 6 30 C was paid 6 30 per contract and we Accident here first exit was out 79 percent or 11 30 and We managed to get a 100 percent. So I only I took half out of what was left at 100 percent 12 12 63 I took another half out so at I think we were very close to that that line so basically now It's free trade. We took out most of our money. What we have left is just Runners that can only make us have a better trade yet. So All I'm saying in this is when you put the lines in your chart, you know that this let me take Let me get rid of all this here You know that when we get to the line Something's going to happen either way up Could do this And then we're going to go like this or it could bounce on it and what? We expect is this thing to bounce like it did and see here We've a very very close to it. We could have stopped on this line Which is you know very close to the line there, but we remember last week Tesla was also strong When spy wasn't so expect the same thing now Spy was strong today. We had a little pullback at the gate and then to the line and it took off For a nice Monday 100% plus play. So I hope you guys Managed to play it, but this is a fine example of Using lines like this Along the way so you know now that you know this top is Resistance could be used as a line This one here 63 39 something's going to happen if it's tomorrow. It's going to go like this Or eventually if it comes down to a higher spot, it may stop at this line so use this and Eventually you notice at the beginning of the video how I showed you that this one was an old line That is still acting as a support and resistance Resistance point so use it make the most of it and I hope you guys are learning from this See you folks. Nice to have you with us