 All right, good morning traders and welcome to the live analysis here with book map. We do this every Monday, Tuesday and Friday. So we go through live analysis here and we can look at where price might be going next. This is all forward looking. It's not hindsight education. We have live trading Wednesdays with Jay Trader stocks and Scott Pulsini futures trader on Thursday, which, you know, just yesterday there. So let's go through some disclosures and jump right into the market here. The good morning everybody. Good morning Alec. General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure trading futures equities and digital currencies involves substantial risk of loss and it's not suitable for all investors. Past performance is not necessarily indicative of future results. All right. Let's get right in and see what's going on here. Nice move, strong move here at the open to the upside here. We're looking at the S and P E mini. We can look at many different instruments in here. So let me know if you're interested and we'll pop it into the book map chart here. But this is usually what we cover and most people seem to be okay with this. All right. Well, we can see where price went already here in book map right up to high liquidity here just above the figure. We can see it in these two little areas here the around 4402 and then 4405 up here and starting to see a little bit of let's just zoom in here a little bit, a little bit of a slowdown to see nice strong moves here buyers in control moving this market toward this magnet of high liquidity trades into it and through it and there's still more up here at 4410. Now take a look at the order flow here. These strong moves, strong buying, we can go back and take a look here. Extremely strong here 925, 930, a little bit of back and forth at 930. But again, a strong buying in here, look at the buyers come in, look at the bounce, look at where it bounced here off of VWAP off of where the strong buying came in just before 930. So we're in an uptrend, no question about that, a strong one, more buying, more buying a little bit of selling in here, not a strong breakout here, pretty strong, not bad in here but selling starting to come in. So we're starting to understand these areas are transacting in here, this is high liquidity on the offer, limit sell orders transacting, limit sell orders transacting, starting to find some sellers come in, red dots here, market sell orders here. So let's see, we're going to take a look here, we see already there's some buyers here on the bid around this 4404 and a quarter it looks like and we're kind of transitioning here, we're still in an uptrend but we're starting to note the sellers and we'll see if we transition from uptrend to consolidation or are we going to turn around from consolidation then is it going to continue uptrending, kind of like a bull flag or is it going to reverse, are we going to see some sort of reversal pattern, this is what we need to understand and read the order flow to gauge where price might go. So regardless of what kind of trading strategy you're looking at, you know might be Elliott Wave looking for that are we going to continue or what are the waves, we can go through that very quickly actually and read those waves and start to kind of put that plan together or at least understand the context of that within the order flow and that's really the key when you look at your candlestick charts or your higher time frame or your volume profile or some sort of pattern then read the order flow. What is the order flow telling you? So as it is right now you can see more buyers are coming in pretty hand over fist again going for this 4410 here. So we're starting to note though some selling starting to come in and let's take a look at this area here, we're still in an uptrend we know that they didn't even tangle with this 4404 right here and so that's bullish and we can see that you know the bulls came in but they didn't test 4410 not yet at least and they made a slightly higher high here although this is good buying in here it's just slightly higher. It's not like a big decisive breakout like some of these other moves in here okay I mean these are very decisive it's breaking the high it's pulling back into the kind of medium of the high or this range here and then buyers continue alright so this is what we're trying to read here in the market structure and starting to put these pieces together. Let me see if there's any questions in here already yeah Rob East Coast time here so my time frame or time line down here is on the east coast thank you Alec alright and let me check over in YouTube as well and yeah nothing over there in YouTube at the moment okay alright so the let's take a look here good morning Dove yeah I really you know well let me demo something here very quickly and easily here and what we're talking about is market structure and then we're reading that structure and then we're gonna add in these other elements in here okay so this actually looks pretty good for testing this 410 right now or 4410 okay we should get the test here it's not much higher and we're making slightly higher highs and slightly higher lows here so far okay now just you know we need to be careful here but the order flow is looking for it's kind of telling us it wants to trade up here and test and there it is there it is and there's the break above it too now let's read this break here it's a stop run here above this 4410 right here we know that this we've got the MBO indicator here these are stops in here that are triggered so and look at the support underneath here we have a larger player just coming in and there this is very bullish in fact now it's if they mean business is something else here and this is where we're gonna read it if they're coming in with 444 contract 4450 contracts in here right underneath at a much much higher level so that's supporting the move to the to the upside here we just need to see if these guys stay in the order book or not are they we'll see if they even transact here or you know they sell it here the here come the sellers here okay so we're gonna get some insight here are they gonna pull this liquidity are they just trying to skew the auction trying to show a lot of demand here on the bid with these these contracts here which have not transacted okay not one and are they gonna stay in here now a large lot tracker you can see you can read that one as well there's you know around 300 of these contracts here is one individual player who skewing the order book here okay so we're gonna read that player that activity in here alright so yeah so far so good we're still remaining bullish here until we see something different okay see see the see the difference already starting to shape up the reaction to this high liquidity here a little bit of selling alright let's see them test into this it's actually a 4411 and a half here okay let's see it look at the this this player here starting to raise it here what is the reaction to that alright the reaction didn't it didn't repel sellers they actually kind of kind of came down to it and nothing transacted now it looks like actually six transacted into it six contracts boy I'm sorry let's just take a quick look in here now I'm I've got that wrong no contracts in here not one transaction took place but they did take the risk it's not spoofing quite yet okay so just starting to read this behavior in here understand these these players in the market and how it affects the market this is really the key it's not some sort of signal it's not like you know oh you know that the larger players are doing this and and I mean they're like testing the market and getting a feel for the market and that's what we're doing too it's the it's the context of these elements in here good morning Alan alright so let's let's take a look at this context here okay so we were looking at this kind of slow down here and now we have that a pretty big break and continuation and all the way up now into just above 4415 as well here come the sellers trading right back in and looking for this retest to this 4410 now this 4410 area is going to be kind of critical they already pulled that liquidity in here as you can see you can see that dynamic here are they gonna are they gonna we're gonna get a bounce here I imagine we'll get some profit-taking or we just gonna get sellers come in and dump it and slam it down to a lower level here we can see we traded into the 4410 and a little bit of profit-taking and probably let's see if they can bring it back up to about here 4413 this is where it dropped from here this is where the sellers came in and they're trying to take control of this market right from this area here you can see the sellers and you can see how they broke a trading range we can take a look at it here alright so maybe a little bit lower it's be a little more precise with that look at the dynamic of this liquidity in here and how it affected that it was an interesting kind of dynamic in here the best bid went into this liquidity here but not one transaction and then we found the buyers come in and take it a bit higher here okay so now we want to I've kind of I want to get to this higher time frame analysis first I wanted to first it but you know reading some interesting stuff in here so we wanted to go over that immediately and we're positioned here now for sellers or potentially we're looking to see you know maybe this turns into that sideways consolidation and then sellers or maybe this is kind of a double top up here and we see sellers come in and then they'll be going for this liquidity down here around 4404 and yeah here that here they come so yeah they're they're starting to take it below this area here at 10 the next level is down here at 4404 okay now we got to get through this high volume node right here and this swing here this will be the first test sellers will they will likely test this right here and yeah let's see if we can just read a quick move down into that area here so looking for some sellers right now and let's see them move it down into about this 06 here it's only a couple points but high high probability move there okay there's our move let's see if they can continue looking for this 04 here that's a lot of selling let's see if they can get through this area here this high volume node here we need to see a lot of sellers come in okay so down into 04 here okay so let's we'll come back and revisit this I think we'll likely get kind of a bounce here but we'll see we'll see some sellers they're coming in you know pretty strong here so we might get just a brief pull back up to like kind of that 06 we just looked at maybe a little bit higher 07 anyway that's the current that's the current order flow okay we're starting to read this this we started to read this slow down here big break here very aggressive underneath here and then they pull sellers come in and they take it below this 10 level here all right so let's let's take a bigger step back here let's look at our candlestick chart here and well you know we were covering this here this is the the daily chart here and on the left and you can see the kind of equal low somewhere around here you know I think it I can't recall if it went slightly lower or not or slightly higher but we were reading this during the week and we noted the buyers coming in and we're looking for a move back up into some of these wicks in here okay I think I was mentioning it was maybe it was on the hourly chart 44 36 something like that or 42 36 I can't recall and then some of these wicks up here this is the 36 or 26 43 26 these wicks up here this is where we found sellers earlier look at the decisiveness through that look at the pull back to the top of those wicks here and the continuation to the upside we're up in these wicks here these sellers up here and it's Friday are we going to get a break above this this has been a multi-day strong move here and with strong moves you look for strong moves to continue but we're going to see now we're going to look at the order flow here this is a great time to kind of get people to still go long and then turn around and take a lot of profit and traders to move it right back down now on this daily chart too I also want to go over analysis here it is Friday and we have the quadruple witching we have options expiration and you know that's going to everything's going to shift and change next week after this big move to the upside so you know maybe this will continue to the upside and close higher today and then we get a big big shift maybe next week all right these are different scenarios on a much much higher time frame that we want to consider we've talked about market timing in here when we're looking at order flow we're talking about the open the European close around 1130 east coast time as well as yeah the opening drive the European close as well as the the close of the market around four okay so the timing of the market is essential when when to do business and and understanding this kind of higher time frame dynamic with options now is this is much much higher time frame all right so we're going to go we're kind of talking about some of those scenarios in here uh and starting to understand what might be happening now let's take a look at the hourly chart in here and you can see we just made it above this swing here okay that's this swing over here I believe multi-day no it's not it's it's this swing here from just uh just yesterday um and uh oh god I'm a little lost in the chart here um anyway it's up at this swing here let's put it that way uh and uh yeah I guess it's uh from last week um nonetheless um what we want to understand is order flow up at this price level you can see the selling coming in okay a break above this area here lots of profit taking and maybe lots of sellers reengaging and looking for a move lower right that's one of these scenarios to look at here and let's look at the 15 minute chart over here on the right and you can see the powerful move here this is something I wanted to mention to you guys I just think this is so critical to understand and we're um what uh good morning Doug um 1 3rd of the the queues and spx spy expires today okay excellent thank you Doug uh yeah this is going to be really interesting to see how this works out we have all sorts of dynamics going on here and uh if you guys haven't seen the pro trader webinar with Brent uh that we had last week uh it's on our youtube channel um in the pro trader webinar uh section there playlist all right so what I want to talk about is the market structure here and how clearly you can see this and this is during fomc and how you can lean on market structure this this requires your your um uh your study though you know you just can't take this for granted uh but uh you almost can but it requires your study but look how nicely this worked here here's a breakout here's a gap here look at the gap okay this is we're looking at regular trading hour sessions here uh move higher fomc boom fills the gap right back down to the market structure here okay this this this move came right down to where the majority of the trades took place here this there's you know some trading in here for sure uh you can even see it slowed down there a little bit on this 15 minute chart some profit taking they filled the gap went down a little lower it went down to test the top of these areas here and then buyers came in okay so look at market structure in here again and again and again you can even look at this area in here okay look at uh you can look at all three it just goes on and on and on move down consolidation gap move up uh so retest to this consolidation in here continuation higher gap retest so looking at market structure is essential uh and uh maybe your structure you're looking at uh something like volume profile maybe you're looking at your structure in terms of Elliott Wave doesn't matter uh what matters here is uh uh having some sort of structure and higher time frame analysis and then look at the order flow around those levels that's what's key so for example this level up here we're looking at and sellers coming in and testing down here to this 04 area it's already unfolded they've come down to this liquidity at the figure here 4400 now we're getting a bounce okay so look at this area up here and this this uh uh kind of understanding of order flow here and then back at this candlestick chart here and the hourly is showing it the best here in the daily is not bad either okay the the break above here and the selling and the profit taking coming back in right now what momentum is still up and strong okay we're just we're just noting what's kind of going on in here it looks more like profit taking doesn't necessarily mean like tons of sellers yet and in fact we can look at this here uh in terms of buyers and sellers and look at the dots and where they're located here uh let's see dove you you've sent a chart here yeah look at look at the dove's chart in the chat there guys excellent stuff here look at the pullback okay look at the the big move to the upside there and look where that pullback came and then see the continuation to the downside okay same stuff we're going over here right so and we can even look at like you know this move here and where the majority of that volume is taking uh taking place uh and and you know are they trading into this liquidity and transacting uh and then starting to understand this pullback too because a lot of traders will think oh okay you know now we're going to get a big move to the downside well maybe but it's not telling us that yet not at all in fact this this could be looked upon as a low volume pullback for the day let's just zoom out here here's why look at the structure in here okay can you guys see it check this out structure and structure we are still bullish here okay until we see something different right it's just it's just bounced off of this in fact it flipped at 4400 on the offer now they're on the bid all right so just really really simple ideas here and then understanding the order flow around it and this is where book map really excels because you can see them in the book here uh and here's the move into that area and uh you know look at the buyers come in now where did they test they tested to here look where that dropped here and this is something dove is looking at as well uh and looking at these big dots in here and move right to it where they dropped it uh let's see if they can try to break out from it let's see if buyers come in and where would they go they go back for this 10 area that we're looking at here okay so let's see if do they have enough buying power here not bad not bad at all okay one thing we don't like in that in this move here to this this uh oh eight uh area here uh is the underneath here we did not see the book kind of follow up underneath and support it okay sellers can drive it right back down to the bottom of the range all right let's let's revisit this though now what's going on in here uh in this consolidation period okay well a lot of buying just came in and it followed by actually quite a bit of selling in here now too okay so sellers are going to now be able to drop it back down to the uh 01 or 4400 the figure yeah it's not not too clear at the moment a v pox shift so you're looking you're looking at david for retest down to v pox here maybe i oh v v pox i'm sorry i'm sorry guys um yeah let's let's show the v pox here uh yeah i have mine way down here um which makes sense uh if it's adjusted for the cash session it's going to be a little different 4380 is where you got yours okay yeah so you you have it uh david up up here uh just just around this and this is a nice area in here we have the vwap and v pox as well yours just jumped up to 05 okay uh why you have different or varying uh v pox guys is because maybe when you opened up book map uh and started collecting data so it's going to vary all right so you know uh just just keep that in mind uh and uh you know look at the profile here that i have uh it's for let me let me just zoom out here it's from uh the almost the entire session here uh you know i've got um you know here's eight o'clock east coast time eight p.m so i i have quite a bit of data in here uh and the v pox way down here so the majority even with this huge move here the the v pox down here right so think about this now uh if we can get some selling pressure in here and we can get down below this area down here of the open i mean look out so uh we'll we'll look we'll take take a look and see if this is going to unfold like that uh but that would be you know kind of higher time frame um order flow analysis here of like looking for sellers to try to drive it down to here and then really drive it lower here i get everyone going the wrong way here on this pretty strong move to the upside and we've seen it so many times okay you have yours reset at market open let's let's do that in fact and i'll show you you guys can have multiple v pox no problem uh i i really don't uh i know um i i like uh the the poc very very much uh the um understanding like you know these these uh these areas where there's the the high um a high volume node uh i also just really like to look at the the um the column in general uh and and look at you know like there's high volume up here i know that it's going to take quite a bit of selling to move it away from right where we are right now at 05 okay and it's going to take quite a bit of buying as well to move it right back up if we're going to test up into maybe 4420 uh because there's a lot of trading around this area here okay that is the auction right now uh if you retell let me let me show you let me just demo this here uh very quickly right click in here we got your v you have your svp column here and you have your poc and and you know you you have to have it under a volume or trades counter or quotes counter and then it has to be session accumulated uh once you have that set up uh by right clicking in here then go to configure and you'll see the v poc here or the the poc here uh and then um uh then close it now right click again in here and we're going to insert a new column down here and uh now what we're going to do is it pushes it out here to the right it's a duplicate column but now i'm going to click in this one here uh right click uh and then i'm going to do a reset in here all right so let's go to um configure the reset here and we'll go we'll go to schedule reset uh and uh 8 30 there we go and let me let me uh let me double check this here so now we have two v pox in here as you can see okay and i want to change the color of this one here okay and i want to make sure it's resetting at the correct time here yeah so it reset at at 9 30 no 8 30 okay so looks like hold on a minute here yeah okay so what yeah i guess we got caught up here with the daylight savings um so let's go to right click in here and go to reset again and configure uh and i'm going to change the session timing here at session start and we're going to change it to 9 30 comply or apply and we'll change it there okay so let's see what i got now uh so yeah i have my v poc up here uh at this o five area here okay understood you guys got it all right so we've got you know a couple different uh you know for the entire session uh or almost the entire session it's way down here and we just we just had it just shot up here from this kind of 88 level uh david uh which you we were talking about it back here that was correct and now it's shot up here uh so i imagine that's the reading you have as well okay all right guys well we're going to continue on with the order flowing here um and what we're seeing in this consolidation uh in this range here uh we we tested back up to this o 10 or i'm sorry 10 level here uh and then sellers coming in and they're just bashing around here so i'm looking for sellers to hit 4400 again here right now it should be a nice quick little move right down to 4400 selling it's pretty strong here okay so i want to see leg one it already retested here poc and i want to see it move down again to leg two and then maybe we'll get see if we get responsive buyers to trade it right back up here interesting interesting move here boy it was looking really good for leg one retest leg two it would have been a perfect little measure move in here still here we go all right let's see if we get it now we should get it uh looking for it makes really good sense they tested over they got a big stop run to the other side let's see the sellers come in and try to hit liquidity here and stops to the other side down here all right so looking for it okay so very short term uh bearish here uh just just down to here 4400 and then that's uh these are not trade recommendations so you guys know um this is not not financial advice here's here's some look at look here see the exhaustion here okay so lower high now we're still reading we're not out of the woods yet but looking for sellers here if we get the sellers here we should get a quick move down to 0201 and 4400 looking for it didn't get it looking for it again let's see if we get another retest here and we get red dots here there we go let's see them continue boy it's really playing with it here there we go there we go there's our move there's our move still looking for more and there we go beautiful should be a stop run it is okay so uh now let's let's go back and we'll look at this dynamic here and why we thought that was going to happen okay look at the continuation too uh look you vwap guys uh looking looking for the move to the vwap down here okay that's a nice area to bounce off of down the vwap here and we'll see there will be vwap traders down here okay they're even front running here a bit you can see the liquidity coming in right now look at them in fact maybe a shot below vwap here and then looking for potential responsive buyers to trade it back into this range up here this value area up here at least see if they come back to o2 the bottom of the range here all right there it is there's a move vwap uh these guys pulled that liquidity down here okay so maybe maybe 95 then okay david let's see here you got an image take a look at yep yep beautiful stuff and dove as well yep dove i love i know you love your big volume dots it's uh it's great stuff i mean you see it again and again and again and uh that would be back up to 4400 uh guys uh and this this uh these transactions here okay so uh that would be your responsive buyers and uh they'd have to get through this this area right here it's important for the buyers to get through that area to try to trade it back to uh poc okay so and they'd have to get also get through this kind of uh o2 area right here as well this is where it dropped from okay again market structure all right let's see if we are we going to get continuation of this trend or is this we're going to get kind of a double bottom and responsive buyers this is what we want to read okay some buying coming in but not out of the woods at all maybe they just test the top of the range here in this time frame sellers are in control okay we're looking for these responsive buyers but sellers still remain in control and the structure as well as you can see sellers still remain in control here yeah it's dark on either side guys here so really no insight right now just back to vwap here let's see david another image there one runner left excellent way to go david let's let's guys let's zoom out here let's get our bigger picture approach now we went over this scenario here the higher time frame here this is now you know this is the place for the sellers to test would be this 30 43 90 here uh and this liquidity down here here they go they're going to go for it here looking for them to try to bring it down to this 90 level here on this time frame on this time frame we did not get our responsive buyers and that boy the bid looks strong in here so that's kind of um thwarting it a little bit here uh but uh um yeah sellers coming in so let's see if they they try to tangle with this and they they do not uh right back to the vwap here not bad on the buying here not bad sellers still in control okay but not bad not bad on the buying yeah now they're starting to break that structure here okay maybe then go a little higher our 4400 that we're looking for and then doves a big uh big volume dot here but this is it um this is really that that there it is okay now we have a big volume dot on the buy side okay now where they are what's the reaction here do we really find a bunch of buyers in here are they able to take this higher they just transacted with this liquidity here at 4400 and we're not we're not finding follow-through with this algo down here um all right so let's see if we're we got we're already below it here let's see if sellers can try to take this lower maybe down to 95 here uh and maybe back down to that same area here this vwap here is something to kind of keep keep an eye on here break down below it retest back up above it and we may see buyers support this here and and they are right now they are so you can see them here so let's see let's see if we get our move to and we can still be bearish here a move to 4402 this is where the sellers took control close your runner nice nice trading david wait wait a hold that and you never know you know what's going to happen with that runner uh and uh you were open to that scenario uh you know great great stuff so uh open to the scenario for it to trade back down into this 90 level here and it still may it's still may uh but now you know you can look for another re-entry on something like that all right guys let's take a look at our market structure again this is where it dropped from and we're just kind of testing that area right now let's take a look at the volume within this area here okay well there's mostly selling uh we can let's even take a look at cvd in here uh we've gotten some questions about cvd well look at look at the cvd and let's cvd is telling us here okay it's pretty pretty nice okay it's talent whoops sorry icebergs and stops cvd here's our cvd there's more selling in here clearly okay so uh in in terms of volume there's a lot of buying in here now that it's the context again it's the relationship of this this volume that really matters cvd is just telling us that there's more selling from this point onward okay there's no question about that cvd is a very very simple easy indicator okay so uh let's see if we get uh more selling in here okay back to 97 and vwap and let's see if they can get through that area here and up end these buyers and then see a nice move back down to the the low here around 94 and then maybe down to our 90 level okay so we're open to that scenario now let's see if they break it here nope not yet buyers coming in yeah guys i wanted to go over the um um the um that one setup that we saw and in the kind of lower highs lower lows and some exhaustion there uh it was it it it played out beautifully uh we noted it and we're looking for the move lower and it turned out to be a much bigger move to the downside i believe it was in here yeah and uh and and finding our sellers in that move to to 4400 and that's what we're just looking for that at the moment it was just 4400 and then well since this is pretty strong volume once we got down here and we know that this is strong volume we're like well maybe they can trade it back down to um vwap and then maybe if there's even more selling they can trade it back down to and we zoom out and we look and we look at this 90 level here leg one well we were looking for leg one leg two this was beautiful here leg one pull back leg two down to 4400 it it kind of went sideways for a bit and then finally i got the leg uh to the downside here and one more uh after that okay so that actually kind of for you um uh elliot wave guys uh you know there's your completion of your waves all right so let's see here what's going on in the order flow here wait not not much of a read right now all right some buyers up here that i don't i yeah i'm not buy i'm not buying it again uh kind of metaphorically i'm not buying it um yeah likely the order flow is telling us it wants to come back up here to to poc um however like i just don't trust it here there's they're not really supporting it underneath now you can see this could turn into a beautiful false breakout all right we get enough sellers right here right right here is where we need to see them right here at 4400 if we get enough sellers here we should get the move back down to 97 but see how we we read that in here yeah okay buyers coming in likely they're going to try to reach for 05 uh and that liquidity back back to the the point of control up here okay and but there was no order book here now see the order book supporting it now see that difference and and we find buyers here this is more likely to trade to 05 now it's more likely there's still kind of dark area here so sellers might jab right down here but yeah this is a higher probability it's not the greatest but it's higher probability likelihood to trade to 05 okay back to point of control okay see the book underneath see how it's supporting it see the buying up here and you can see like eh you know we're not really you know there's enough volume here on the buy side but it's not quite lifting it the way we're anticipating it so you know it's right in here we're saying it's not bad it's not bad it's not great now this is looking much better and then you're like what you can't do it okay you know sellers are going to come in below this this is now back in the range and they're going to try to reach for the other side of the range here okay so this is this was looking for real nice move to 05 here and and maybe back back more now we're looking for the the opposite back down to 97 and then maybe even back down to you know 95 and these 90 levels down here and this liquidity here okay so this is a false breakout here okay so but the point here is the read in the context this is all looking good here for this move higher okay and everyone's looking for this move back to 05 here in point of control and then we're reading in here is like there's more buying looking even better they should they should be able to do this there's support in the book here this is this has got all the pieces okay one thing we did not like and we did notice that they're they're not really quite underneath here where we see another moves where they're really supporting it underneath here and then we get that move and then we're something's wrong here now we're reading it something's wrong here okay they're starting to first off we knew it was little dark in here and then look at the the seller starting to come in below this area here okay even below this area here or testing it at least buyers can still take it back up at this point if we start to get sellers in here though they're going to take it to the bottom of the range and this is going to be a you know a false breakout and a stop run to the downside all right so and there we go god beautiful move beautiful move guys all the way down to 90 wow well we we we talked about it we went through the scenario and this this beating that potential false false breakout all right so the advertising was pretty good here pretty good we were looking looking for just this two two and a half point move or you know three point move or so and then we knew something was wrong here okay looking for the other side of the range looking for 97 and then potentially down into these 90 levels here look at this beautiful move through VWAP back up to it and and cannot get through it so sellers remain in control okay look at the selling look at the buying it binds not bad here it's kind of it's not bad but it's there's a lot more selling than there is buying in here all right so now we're going to talk about the CVD for for those of you using the CVD CVD gave not not a bad kind of understanding of what's going on here okay there's more selling in this move and we know that just a very very simple read of cumulative volume delta it false breakout back up to where sellers have control of the market at this point and then we see the sellers rotate back in okay and and the beautiful move to the downside here all right so yeah this is tricky here and this is where it's hard as a trader to pivot this everything was well not everything was looking everything was looking pretty pretty good here the book we wanted to see you know more kind of conclusive book underneath here but they're pulling we're getting our buyers they're pulling and then like wait a minute wait wait no something's wrong we see selling starting to come in here right so this is where you know it is important to re-evaluate at that point it's really important and start to understand what might be happening with this volume up here okay now bigger picture CVD helped us here CVD helped us like uh uh understand that the volume in here there was still even with this buying that you see in here there's still more selling all right guys anyway just trying to trying to go through these different scenarios and starting to understand the order flow in here and these little trapped areas in here where false breakout false breakout here does that make sense um can you can you do you guys um can you understand like uh can you see some of these false breakouts can you can you start to see you know where sellers start to come back in okay now this is hindsight of course what we saw we saw it in real time it's really important it's really important to understand this dynamic in here um no i'm false breakouts like uh there's there's some pretty strong volume in here but it just failed to lift the market and usually it's it's the it's getting the the traders on the hook here uh or you know a lot of times it could be a stop run as well um god look at the CVD rate reading in here something looks kind of off in here yeah this something's off in here so let me uh let me take a look at it here oh chart range okay i'm going to go with session range here all right uh so no i mean what we're looking at is um um a lot of volume taking place now i i bet you know because of all of this buying in here and it fails to lift the market this is where and we didn't look at it yet um this is where we're going to get a really nice um um uh potential here i can't wait to turn it on but i uh speculate we're gonna see a lot of icebergs here okay so let's turn it on let's take a look here now why why what what do you guys think why why do you think that i i think that there are a lot of icebergs here it's a speculation i don't know if if there are or not but why do you think i i i speculate on that no not hedging around the figure um you missed the question alex okay um yeah david lots of buying absolutely uh and look at the spike in cvd there question is uh why do why do i think that this is um i speculate that this is a lot of icebergs here this is why i just love this mbo indicator package guys uh in the sense that we're gonna verify it we're gonna know for sure yeah yeah it's it's it's the volume that's transacting there that's part of the the answer oh come on i know you guys know this volume's taking place here but price isn't moving no not poc mbo stands for market by order um so it it's uh it's a specific kind of uh data jeff uh from rhythmic uh see the cme has offers market by order data um and um that market by word you can you can look it up it was years ago uh more than five years ago now well not five years ago but it's it's been more than like three i believe um um yeah maybe four at this point i think it's coming up on four four years they've been offering this uh and what it allows you to do or basically they just wanted to show position in the queue uh in the order book or in the dome to be able to see not only the amount of liquidity there they wanted to show the amount of orders in each one well because of that information and because of some special id tags that they're also including for icebergs we can determine that these are icebergs and we can also determine stops and stop runs and it's fact this is the beauty of it now it's native cme icebergs not synthetic icebergs all right so uh let's um yeah i'm sorry guys i'm not getting to i'm i want to go over this question though uh i think it's really important uh especially for any any newer traders in here i know a lot of you guys know this already uh so um but the the answer here uh is um look at the spike look at the volume and well why why is that fail to lift this market because someone's on the other side here and i don't see them in the order book here now let's zoom in here okay maybe they came in at the last second here but look at this there they fail to to to lift the market here this has got to be an iceberg all right let's turn it on and let's let's check it out it's not okay well that was a speculation um i i can't believe it um it's definitely a stop run well you know it actually i i still think it is an iceberg is probably a synthetic iceberg uh in here it just doesn't make any sense like how can it have all of this transaction look at cvd look at this massive spike look at all this volume uh and it fails to lift it up into 05 and 06 here uh so yeah let me turn it on the on chart just in case maybe there's something on there yeah okay looks good no it's just it's just a stop run all right well that's that's a really interesting orderful phenomenon here i i i think it's a it's an iceberg still um the reason being is it's it's just not a cme native iceberg here we do have other indicators that uh can uh you know kind of show that so let's look at our strength indicator in here and that should show it interesting all right so no not getting it i'll hold on a minute did i display it it's not displaying it should what am i doing wrong here okay so there there is displaying and we just had a few but this is the one that should show and it's not all right interesting interesting move in here not not sure what i think of that i i i i personally still think this is uh some sort of iceberg in here it's just not native basically but we do see a stop run of 69 uh up here as well but it should have been able to sweep the book uh up into these levels here all right so anyway uh we'll go over it again and you know look at it but uh uh yeah that's uh that would be the speculation on it uh and uh why this is a an iceberg guys let's get back to this current market so sorry to deviate from that uh but let's take a quick look here and i'm going to turn the icebergs off here and the strength indicator off as well all right well we finally made it back to to uh this um 4405 and uh your v-box bound bouncing off of this uh bouncing around this this v-wap here there you go david you know back to your ib and back to the poc here i mean heavy selling you know comes in drives it all the way back down to this level here uh and i mean we're you know because we didn't trade into this liquidity down here um you know which is very curious i'm i'm i'm surprised it did not uh the um uh looking to see if we can get the move back here uh to v-wap uh and then not only point of control here but also continuation on uh above you know looking forward back to the highs here guys uh 15 or 20 okay here we're looking at 10 here and uh yeah yeah looking for them to drive it higher here okay we're back into now we we we talked about this in terms of market structure yeah i wanted to see the move back down into this 4390 area we didn't get it we got this double bottom here and uh the uh continuation well it hasn't really continued yet but i'm looking for it that would be the primary scenario on the higher time frame here here's what i mean okay this is very very typical uh elliot wave guys um you know what is it your leg uh let's look at this here um i mean there's elliot waves within elliot waves to me that it looks like this leg one leg two or um move one move two uh here's our three and it chops back and forth kind of in three uh and then uh here's your four and your five and then uh here's your reversal pattern now this is what you see in elliot wave i think moby talked about it briefly uh the other day uh is um you know how you get continuations right and you can look at these kind of topping patterns here we've been covering it for years especially crude oil always we always thought crude oil showed this nicely uh the um s and p is actually showing this quite quite nicely right now so you've got your continue you've got your elliot wave or your your um you know wave one through five uh you've got your reversal pattern okay you've got the move back down it tries to do uh the five wave pattern to the downside here it fails now we're looking at continuation potential continuation here here's the failure okay the double bottom here okay we broke it we're back up above we're testing back up here now at ten all right let's just take the heat map off for just a moment here okay so what we're looking for here uh is now continuation leg one maybe leg two back down to test the top here okay leg leg three back up into uh maybe 15 or maybe break it up into 20 right i mean there's so many ways to skin a cat and the the point here is i mean you might be looking at your your volume profiles it it really doesn't it doesn't matter uh whatever you're looking at and your your kind of trading plan now we're looking at order flow around it okay and the probability um well this is something you you need to work on okay we're just going to read the order flow uh you need to put that plan together all right so anyway here here's the move uh back up now we're we're looking to see if uh we can get those buyers maybe we won't get this pull back to the kind of this 05 area here maybe the buyers are going to come right in right now okay and if they do we're looking for a test back up to here 15 the swing now looks like they're going for it looking for it here okay looking for them to continue uh and but we want to see the other side of the trade here this is really really important that's where the heat map is really nice okay so let's zoom in here and let's check it out i'm going to clear the drawings as well and let's take a look here pretty strong buying and sellers sellers coming in testing where they just broke out from basically okay let's see if we get our do we get our buyers back up here yeah not bad not bad are they on the book in the book here on the bid yeah not bad yeah i don't i don't like it i mean i'm looking for it to continue uh and it's not financial advice we're just the order flow we're yeah looks better now looks much better looking for it to continue 13 14 15 okay see they're on the bid in here uh supporting it okay a bit of a pullback okay now let's get these buyers again now look at the buying up here too this is that context we're looking for we don't see the big the big green dots up here right so we now we have the potential for just going sideways unless we get big green dots again here we have the potential to trade right back down to 10 and we didn't we don't see that i mean they broke out but we don't see that that buying interest up here right so a move a rotation back down and we'll see if buyers come back and attack it again so here's our move back down to 10 see them pulling at 10 as well and maybe we can go just a little bit lower here hit some stops all right let me see here youtube oh guys i'm sorry i've been uh have not been uh following you guys uh sam thank you thanks for helping out in here uh yeah i mean we can look at the vixx as well uh oceanic but you know we're just kind of reading the order flow in this s and p right now and seeing some pretty interesting stuff so i just wanted to continue on uh basically a rhythmic shares the data is just do does the platform uh you know take advantage of that they've been disseminating from day one of rhythmic has been been uh um disseminating the mbo data they were already set up for it it's crazy and there's no one else really doing it pradip we don't know like uh you know in terms of like pullbacks and stuff yeah we look for areas where it might pull back um but the the zigzaggy part uh you know we just look at kind of the bigger picture um like it depends sometimes sellers come in like right right in here so you see the sellers sellers coming in here okay look at this iceberg order too as well uh so you know it's kind of convoluted in here right now um and uh you know let's let's zoom out here again and take a look it's not that big of an iceberg sorry yeah so you know we're getting a bit of a pullback here now we're looking to see if sellers want to continue sometimes they continue and they continue and they continue and and there's just it's relentless you know here you can see like you can kind of kind of start to read the order flow see the big red dot here do you see one down here no all right a little bit better here okay do you see one down here no not really there's our answer we really need to see them to move it now this had this move here had the potential really nice potential to move lower there's some exhaustion here there's some selling already on this leg here and and it they didn't they didn't come in uh in fact look at the buyers here squeezing the sellers so you know actually this up to this point here this looks really good for continue a continued move here uh on this very small timeframe okay now what what ended up happening is uh they did not come in we had the exhaustion here and everything now if we can get buyers though see this is where the it's this battle back and forth with these buyers and these sellers in here everything like I said and we'll go through this again and again and again like there is more selling in here CVD is telling us that but there's some buyers back up here it's still bearish there's more sellers yet again here and you can look at your low volume pull backs to here and back down here retest here there's some sellers here they should be able to take it lower we've got exhaustion here lower highs everything it's looking pretty good it didn't work all right so we have to be open to this scenario here now what happens that even though there's more selling in here what happens if we get buyers back up here right this is they're going to get squeezed here and it does not matter if it's low volume pullback or not if the buyers come in up here at 09 and a half uh we're gonna we should likely see a stop run move it back up to 11 okay and our stop run comes a little bit later here as you can see it though here all right oh beautiful move now we outlined this move here uh guys all right so this was our our now I raced I raced those lines but we talked about elliot wave it completes the pattern reversal leg one leg two fails continuation okay back up into 15 and back up into 20 all right uh european close is coming up as well and looking for these guys too um well it's end of the week maybe we'll get some profit taking but still looking for them to try to push into maybe these higher time frame targets uh 15 and 20 now let's verify that though on our higher time frame let's take a look at uh um our candlestick chart okay let's the hourly chart and this daily chart has been the best uh so let's let's take a look at that 15 minute chart i'm not really getting too much out of it uh at the moment okay so first we look for profit takers up here we we saw those guys uh and then uh you know looking for maybe a potential fade back down into some areas in here um and yeah we did see that that reversal early on uh start to take place and sellers start to take control uh and um and it did move down into that 90 or close to that 90 level when the 91s 92s um and now we're back up here okay now this is this is what we want to gauge in here with the order flow strong momentum strong moves here daily chart very strong big green candles in here and also this hourly chart big strong moves in here uh and back up into um uh the the swing here and you know it's it takes a while unless you just get massive selling and we'll look for it it takes a while to kind of slow this freight train down of momentum and that's how you get reversal patterns uh you'll see like uh like this for example this is classic liquidity getting filled filled filled filled uh and then can't make it up any higher sellers starting to come in more sellers starting to come in looking for pullbacks into some of these lower levels and potential reversal to much lower levels all right now again here's here's our double top here we were looking for continuation uh and um we got up to about 15 okay it just kind of retested these highs uh and quite a bit of selling coming in now right now it's end of the session here um or european session uh we have options expiration so we got a lot of kind of convoluted things to take a look at here uh nonetheless uh you know keep those things in mind but we're looking at the order flow again all right so some selling uh followed by another another leg of selling here dove here's your big volume dot here's your pullback to it right here beautiful i think dove has made a trading plan just around that so great great stuff there guys it makes total sense it's order flow it's what these transactions what the market how it reacts to these transactions here okay for you volume profile guys this is a low volume pro uh node here in your profile no question about it it has to be all this all these transactions up here and all these transactions down below this is where it kind of zipped through there really quickly and here it is you volume profile guys as well are going to like the the the reach up here and look at this finished edge cvd guys are going to like it too there's some divergence in here higher high uh equal high right so starting to tell us some things in here now what does the order flow tell us that's what we really want to know because that's where we can put these concepts together with cvd or or volume profile this is where it really really makes the difference and that's why we cover this education in here is because you might look at a candlestick pattern and uh you know i use that simple example that candlestick pattern of like oh it's an engulfing candle it you know it should go down it the market doesn't care it's the order flow that matters within that candlestick that matters it really it really it makes all the difference yeah that's why those those patterns work now see look at the buyers back up above this great all right so now they made an equal high here they're above these guys though they can put the squeeze on looking for them to move it back to this liquidity here and they're already pulling here and this is a good first uh move back up to where it dropped from here and where that liquidity was now the liquidity is up here a little higher back up at the swing the swing high here buyers gonna go for it well they kind of they kind of got the cold feet here let's see here's another retest do we see them again no no we don't get them all right sellers come right back in this is this is going to be really back and forth in here with uh 10 minutes to go for this european close look at you can see them they're really working it back and forth in here guys so be careful uh they're pushing it underneath here with the the bid pretty strong and then looking for them to try to take this higher here's here's where it's like no they couldn't do it no are we gonna get it on this rotation no we're looking for sellers potentially looking for sellers it's kind of a tough read but they do come right they come in right right back in right so boy i'm really behind guys on the on the questions i'm sorry um thanks sam for your help uh yeah you guys want to look at uh see someone wants to look at maybe btc oh yeah you can tell iceberg buying or selling um uh the the the blue line down here if it's to the upside this is iceberg buying if it's down if it moves to the downside it's selling uh i have not seen uh jeffrey iq feed uh offering mbo data i have not even seen them offer full depth of market uh if you want to put a yeah you know a screenshot in here or something that'd be great great to see i mean i it's great for the industry uh so uh for rahi thank you nice uh nice kind words there okay uh gold do you want to look at gold samir i think you always want to look at gold um all right i you know we're kind of uh at the end of the webinar here and uh i just looking at this european close here i think it's going to be all over the place so uh we're we're i'm anticipating some volatility here i don't i don't we're not getting that continuation move that we're looking for up into like 15 and 20 sometimes it does it sometimes it it doesn't but you can see like move up move down i mean strong volume up strong volume down it's it's really all over the place and it's right at point of control here here okay so about at a value area at a highly traded area here okay so yeah all right so sell here we go sellers below it see how they're going to try to move it away from value area see if they can and they cannot so you know we're right back up here now that's a low volume pullback sellers look at the buyers in here very little buying in here to move it all the way almost all the way back to point of control that's not much of a move but what this means here is if we don't get buyers here we're going to get more sellers down here at 04 and a half okay and then let's see if the seller the seller should be able to um move it down lower okay exhaustion looking for sellers looking for these guys to pull at 04 and let's see the move maybe into 2 or or back to the figure down here 4400 and you can see they just they just didn't show up that it was it was open for them right in here and this is where they just didn't show up boy i'm sorry guys about this uh on the um trying to keep up with the questions here looking at two different chats okay anyway uh let's uh let's wrap it up here guys thanks for coming um and uh we'll maybe take one more gander here at the higher time frame yeah it's a really good question um there's a lot of momentum in this move to the upside uh and maybe we'll see continuation there uh the uh kind of higher time frame things to look for here uh is um uh boy if we can get below some of these areas we can see a beautiful move back down into 77 uh i mean and and we know on fridays like uh you know we can get those kinds of moves um your options options uh expiration uh dug has already said about a third uh has already uh expired so uh you know this is all going to play around we have quadruple witching here so you know be attentive of your order flow in this environment uh it can be very very tricky okay so look at this higher time frame here boy let's see if we can get those uh uh those sellers coming in here it looks like they want to try to take it away from uh POC and no they they don't we're right back at POC all right anyway guys yeah thank you for coming uh we will do it again next week and uh we'll wrap it up uh good trading everybody uh and uh see you on monday okay yeah take care