 It is very nice to have you back with us folks. Tonight's video will be on Portrait instead of landscape. The idea is to show you the importance of having lines in your chart and keeping lines in the chart and This will be done On the portrait side because I'll show you in a second how it's done Today we played Tesla. This is the Tesla morning You all see that there was a big gap up and then we started tanking. I was looking at the Resistance just before the end of the day. This was pretty much my target for the gap down and If you see further it was pretty much merging with well if you see the high of the previous day of just before that big dump It was also with the 200 EMA. This is what I was Looking for to get in and actually this is where my first entry was it kept down to go further and When it does that you have to look at where it is going and I've shown you that a few times But this time I'll show you how you have to put lines in the chart Sometimes I shoot targets out and say it's going to go to probably this and this and such and such and How this is done is to have lines. You'll see that these lines act as magnets eventually so Looking back you see that You know, you have two spikes and then a bottom. You see that there's a support pre-market so I'll show you a line And you look back. There's a drop Without lines you don't see much but this is new drawing Price level see this line here is pretty much. Let's start with that Okay, where We see support and then it becomes resistance And I'll see done here It went a little further a few days back It became good support Just under and became resistance It didn't quite want to go through here and then it went through came down on Just passed it and it bounced right off. So, you know that this line no matter what happens is going to have some sort of either support for resistance and See what it did this morning It's pretty much bang on right so this line was where we alerted the Average down or in fact I added because I was pretty very bear bullish on the on the day for for Tesla You keep this line in because whatever happens whenever we get a drop back to this line Something's going to happen. It's going to either bounce on it or at least consolidate and then move further down However, something is going to happen on this line. Let me show you on another play Let's say let's let's talk about Facebook. We played yesterday, right? We'll do the same thing what happened yesterday was we had this was the act price Action yesterday it came down to one line another one and let's do this. Let's do New-drawn price level and around this this line here is where We all agree that Came down bounced on it Came down very close to it and then bounced on it and took off at the end of the day What happened this morning? Went through it but pretty much bounced on it right and it took off after that So you leave this line here? Something's going to happen. You know this line is going to be used again for either support or resistance Now this works. I'm telling you. Let's do let's say Amazon, right? Let's say Amazon next Amazon Let's go back a little further right To the one hour see this line here see what happened I'm going to show you at the line New-drawn price level see this line here It was resistance and then it became it just took off as soon as it broke above it So this line now Go back to the five minute and you'll see what happened yesterday and today Yesterday it was support and then it became resistance and as soon as it broke through it See what it happened this morning and it came down right on it This is a new line we put in Based on something that happened quite a while ago, but you see that it used to be Resistance now it's acting as support. So if you leave this line in your chart every time you see Tesla I'm sorry Amazon coming down to this line You know something's going to happen Let's move to something else. Let's say sq Sq I'm going to do the same thing on a one-hour chart looking at the whole thing and You know, it's it's a little erratic Sq because it you know has spikes all the time, but if you look at the tops there's a common denominator you can find here and You know when you look at this guy here It went through it didn't want to go further than this guy and then pretty much here and then pretty much Here's the same thing. Here's the same thing. So that's You know, we're pretty much right there, right? It's pretty much common denominator. It went a little higher at the at the beginning and then Twice it tried and then it started going down, right? And now let's move to the five minute and see today what happened same line that I showed you so Oh man, this is pretty close, right? So sq was attracted to this line as a magnet now I showed you before on Tesla Amazon and Facebook how the support was good You can draw the same lines and this will be Resistance old resistance will become old resistance again. Now. Let's do another one This morning we called in chat Apple to be To be bullish and it would be the barometer for the day We weren't too far from the truth on this one If you see this top here, let's me let me go back to lines in the chart Price level see how there's a top It went through came down Came down on support. So, you know that this line Some things going to happen to this line, right? We all agree that it went a little further But then it came down on it and bounced and down on it bounce and then through it This line We called it's possible that Apple was going to go to 147 and this is why we called it if you look at today It went like a magnet right on it so This is very important support resistance is price levels our key To exactly where we're going because this is where buyers and sellers will change hands We'll exchange the the the bag that they have one's going to buy it then the other guy is going to sell it but It's overtaken by the other guys So these points need to be known ahead of time For your entries and for your exits So we've shown you the support lines that you can draw the resistance lines that you can draw and all of them will be used again and again and you leave them in your charts forever and They'll be used even like Tesla after the split they were still using the same lines and I figure that and the What was going to probably use the same lines after they split so I hope this helps and I'm sorry for putting you on the On the portrait side, but I'm sure you get the idea of how to put lines in your chart and I hope you guys will Will have tons of lines in your charts for net from now on take care folks