 Good morning traders. Can you hear me and See my screen you should be able to so if you could just type yes in the Advanced webinar text area. All right, excellent. All right. Thank you Kurt All right guys, so yeah, welcome back to the webinar. It's Friday And we've been hosting these in here for in discord for more than a couple weeks now. I think Just before end of the year so Or maybe it has been just a couple weeks anyway I wanted to kind of offer it to everybody open it up so that you guys can get a feel for our education and Offer it for free for now. It's usually for our global plus subscribers the advanced education And these webinars that start at 10 a.m. East Coast time and What we do in here is Go through live market analysis look at the live market and Read it Look at the order flow get some insight from it and then we'll project where we think price may go next and give insight to that That's what we're here for so, you know, we're trying to Get some sort of edge in the marketplace Order flow can provide that edge Understanding in reading order flow Now this can work with all sorts of time frames. You can like yesterday Scott Pulsini mentioned You can trade the real-time volume and look at the order flow in book map and trade that And be successful You can also look at much higher time frames, etc. So if you have any questions about that we'll go through it but Being able to understand what's going on within the the order flow in your market structure is the key and We have an educational course. That's online You can learn all about it and then you come to these webinars to kind of acid test it basically You will then apply what you've learned by reading the current market and we're here to guide you through that process so you can integrate it within your trading as well and Develop your own trading plan Then we will go through trading strategies and setups as well as trade management considerations but that's not the goal here the goal is to Understand what book map is showing you how to read it and apply it Then we have live trading with Jay trader a stocks trader on Wednesday and Scott Pulsini a futures trader on Thursday So pretty robust education that you're getting With those three elements the course the live analysis Forward-looking not hindsight analysis and then the live trading. Okay, so let's go through some risk disclosures And we'll jump in here and see what's going on 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 Involve substantial risk of loss and it's not suitable for all investors pass performance is not necessarily indicative of future results All right, so let's jump in here and let's take a look see what's going on There's something that I tweeted about Yesterday Okay, and I want to take a look at it. I Don't have the MBO data since I I closed book map and then restarted it It was at the close here. So it was this in this area here Yeah, let me let me show you our Twitter for just a minute here Okay, so here is the tweet and Just something that we saw at the close. It was amazing. I mean like a this is just a huge huge spoof Is what it looks like to me massive high liquidity coming in at the close if you Years ago Several years ago now because because of CME rule 575 they really cracked down on the spoofing But this is what a spoof look like on a low time frame And here it is on a high time frame Right, so you can see very high liquidity layered in here multiple layers of very very high liquidity And what was the reaction to that price sold off? It's sold off into you can even see how long these Iceberg orders had been laying in the book here You can see they started to transact down here and they remained in the book since around 1130 or so and and they finally got filled at the end of the day here so You know someone really wanted to get filled here and they had to spoof the market to get their fill end of the day here. We had what you know somewhere around 14,000 Iceberg transactions, so after seeing something like this kind of activity after a big down day You know, we're starting to kind of think all right Well now if we can get back up into these ranges up here and we see some buyers Where might price be going and you'd be looking at some of these like a high liquidity areas like 4720 or 4730 here So let's take a look and see what unfolded. I don't think it got there. It went up to about 4710 if I remember correctly Here's here's four o'clock in the S&P No, it just got up to like 4700 and then that was it. Is that correct? Hold on a minute. Let me take a quick look Well, let's take a look on the candlestick chart here So, yeah, here is our our close is right around here 4 p.m. And this doesn't look right either. Oh, yeah, no, this is correct Okay, so 4 p.m. And then yeah, I'm looking at regular trading hours. That's why or Yeah, regular trading hours So yeah, it only came up to about 4705 that was it right now. Is it still in play? So we we can see that at the close here We've we've even gotten gotten down below it here now. This could be a really great trick now I know I'm not sure if if you guys Saw some iceberg transactions. I just opened up my book map I was in meetings and I also had to download and install a new version here a book map So I'm really curious here. I if this dip into here. I imagine there's probably thousands of icebergs filled in here I don't know if you guys can verify that but I'd be Assuming this here that there's a lot of people still getting a lot of larger players still getting filled Down below the swing here after seeing that big spoof and Anyway the You know assuming that here it also seen some icebergs coming in right now Uh quite quite a bit quite a bit. So, you know from this point on on the way down here I I see 3,500 icebergs here Already so and I just opened my my book map just like 10 minutes ago So this is pretty massive amount. They're getting filled all the way down All right So what we're going to start to look for on a higher time frame view here is start to look at market structure and then piece together where price might be going next with the volume and context of the volume and the Limit buy and sell orders within it. So right now Here's our 930 open the move to the downside And then look at the buyers come in here Okay, and they move price up to this swing right here. Okay 830. We had some data And then we see a move back down On the move down here the entire way. They're getting filled with iceberg orders God, I wish I had Opened a book map much earlier and being able to read all of this within here anyway, um, I I didn't uh, but Let's see if we can get Buyers to start to come in here. All right, and what what might this scenario look like? Well, we can start to uh Lay out Some price structure here Or outline some price structure and this is what we're looking for right here the buyers like this Okay, 48 46 80 right here. Uh, it has not transacted yet Okay, so maybe we can transact into it But we're looking for buyers to come in here and move it away and move it away pretty quickly If we can so we we're not out of the woods yet here. Um, just likely it just a test back up to the, um The swing right here around 46 85 And then maybe we'll get another rotation back down here, etc However, we might not we might just get enough buyers in here. They're starting to come in They're starting to break this here and it's starting to break it on some size Okay, so let's see if we can get our move back up into Some of these previous swings in here on the higher time frame. This is more of a higher time frame move That we're looking for so the the first move would be up here just five points up to 46 90 And then if we can get back up into this previous market structure This area of consolidation here Okay, we're looking for buyers up above 47 90 or 46 90 here If we can get our buyers up into here, we're looking for 0 5 Which was the high from the overnight session Uh, and then what about our 20 level? Well, they they kind of pulled that liquidity now. They're up here at 30 instead Okay, so what we're starting to see here is order flow on a much much higher time frame and starting to piece some of these piece Some of these elements together here. Let's uh, let's take a look here Maybe I can download more data here and I'll show you that massive spoof at least I can show the spoof here If I can get the backfill data So hold on a minute Okay, and what that looks like Because this this is for am here. This is the uh, london session or european session Anyway, you can see the way that the market kind of operates here in understanding larger player activity now We've covered this several times in the past about understanding larger player activity It takes a while for them to kind of you know Uh Turn the ship around and they'll just continue to get filled and filled and filled like on the bid As price, you know goes against them And then at a certain point though, they're There's no more sellers. Uh, no one's interested in selling. So people start buying And then they they uh pretty quickly go into the green And then price continues to go on up for several days now if you want Um, uh some some insight into that Okay, thanks Doug. So it looks like a 2,500 at 10 05 and then 1,000 at 10 08 and 11 60 at 10 0 2 anything in these areas here like You know after the the news Or here around 9 30 or so or just after 9 30 9 35 or so Anything you see in there Here's the big spoof that we're looking at And let's let's take a look at this here because um, just to review it for for you guys Curious about it and I know it's hindsight here But it was just it's amazing stuff to see and it gives us a lot of insight here I mean look at this layering and now you will see this kind of layering at the close anyway However, if you start to zoom out a little bit, this just looks so much like Just a massive spoof And it filled all of these iceberg orders on the way down And then price action really didn't go anywhere. It kind of dribbled back on up But we're not finding new buyers yet. So we come back down retest these areas yet again even below it here and still looking for just massive iceberg orders or liquidity getting filled on the bid here And yeah, we we can see that that is an unfolding in here In here, they're absorbing or they're staying in the order book. They're getting filled You see the transactions into this liquidity and also down here. Okay into that liquidity Okay, right here. Now. This is backfill data Uh, so it's not as accurate. Um, it's uh kind of like tick data in essence Uh, however, uh, I've got the data here anyway So, uh, the at least we can take a look at it. We're not going to get very precise with it, but we can take a look at it Okay, so now what about current price action? Uh, so we were just looking for maybe a move up to 90. Uh, it went up to this swing here Uh, and then now has rotated back down and filled this 4680 area here So watching closely this 4680 level here just dipped below it here as you guys can see And we see more iceberg transactions here up to about 4 000 now All right, so uh, yeah, I'm looking to see if buyers can retest back up here to uh, kind of 4687 here All right, so I know we're looking at large dots at a low or low So and and the trend is still down Okay, so we we need to keep that in mind here. So What what we'll be looking for in this scenario then is even more icebergs getting filled on the way down here Remember, this is a higher time frame outlook here. Uh, and uh, I think about it yourself If you are using limit orders to get filled Uh, you're probably having price move immediately against you Because it has to you have to get filled so It's not going to like hit your tick and immediately go the the opposite direction Or hit you hit your order If if it does a lot of times it just leaves you high and dry And you don't get filled because you're still waiting in the queue. So Typically if you want to get filled with a limit order price immediately goes against you Uh, so that's what's happening with these iceberg orders as well Okay price continues to go against them, but they're getting filled And then they add in more at lower levels here and they average their cost Okay, and like like we mentioned it takes a little while here for this to start to turn around And we'd be looking for that though. We're looking for that scenario at least And being aware of it here And right now we we don't see it. We're thinking well, maybe maybe we can get it in here Maybe we come back up into this 4690. We only went to this swing here Which was we started to see it in here the the buyers, right? so Yeah, I probably would have taken a shot at this here And I would have been stopped out at break even because I would have been looking for 90 but I would have moved my stop up and and not have this go against me the Anyway, we went up to this kind of 8750 level And this previous swing and then sellers come right back in so Yet again though, we're we're seeing these iceberg transactions. So they are they're still here Still getting filled in these areas here and price is still going against them as you can see We're still down trending here. Okay, so what we're looking for in here is Instead of seeing these big red dots here And and and price movement to the to the downside we're going to look for a structure break first and then the Green dots above that structure Okay, and that will start to confirm The market starting to turn around here. Yeah, so that's what we'd be looking for but And and waiting and watching here okay, so in fact, if you You know, there's a few different ways to kind of look at these these areas here and and consider Uh, you know various um strategies It's it's kind of deadly You have to be really kind of careful because as you as you guys know the trend continues to go And we're looking for that that structure to break first However, you can kind of jump in really quickly here and try to trade it back up to where it broke from It's a counter trend trade. And like I said, um It may turn into a bigger one, but it's it's it's tricky. It's very tricky It is easier to just go with the trend And uh, just get in and hold and and wait and watch until you see something So here here we see something for example now not looking for much here Right, but we see some selling here lack of selling buying coming in looking for a move back up to this 4680 That's it though for right now just that Okay, let's see if we can get that Okay, and the reason being Is we see some selling here and a lack of selling Okay, but you can see what's happening. We're coming back down and we we're going to get our sellers here So they are going to break it lower. So this this is tricky You know this kind of double bottom pattern here We really need to see the volume pick up in this area here for to carry it back up into These previous areas. Okay, so yeah this one Just to even get a move back up to 4680. Uh, it couldn't even do that What we'd be looking for is the big green dots in this area here Okay, and and then they'd be able to pull it back up All right, so uh, this is looking a little different here Let's let's take a look here higher liquidity up at this level here. Look at the buying coming in Okay, now I think we're going to get our move at least up to here This little structure we're just looking at but I think we can also get up to 4680 here The buying pressure is looking much better. See the distinction see the difference here now We've already gotten to this range here. I'm still looking for the buyers to try to press it up into 4680 Okay, that's where the sellers are. They're up here Okay, so now we have we have we broke this little structure here Uh, we want to break this one up here 4680 Right now. We're just looking for a move to 4680 and there we go Okay, now what's the order flow look like up here? Look at them pull at 4680 and look at them on the bid now One large player potentially spoofing here Showing very high liquidity and that trying to get price to Potentially maybe their goal here is to get prices to accept higher Looking for buyers now looking for buyers to reach back up into this swing or this liquidity here Okay at 4682 next level would be this kind of 4683 or or four up here Okay, so uh, you know, here's our dynamic and we're not out of the woods yet I mean, we are still in a down trend Let's zoom out But you see how we're coming back up and starting to test these areas here. This is where the structure needs to break though Okay on a higher time frame. This is where the structure needs to break. So let's go over what this is kind of uh, uh You know what this is about here Um in terms of smaller structure and larger structure Okay smaller structure Is this one? This this down trend here. It was broken here You can see the trend line break, but then you can see this horizontal line and swing break And that's why we're looking for it to come back up into uh 4680 and then uh, uh 80 uh 82 and then maybe Maybe we can now get a break up into 84 But look look at up here at the structure around this kind of 82 ish 82 and a half area Um, we're not breaking it. We're not even seeing a lot of buyers up here Okay, so we're still in a down trend on This time frame Okay, you can see when right to that that area in fact Okay, so, uh, you know starting to understand market structure And then the volume within the market structure Okay, now we're looking for Um, and we're talking about two different kind of time frames here And let's let's go over like a who's in control in these two different time frames and the the bigger picture is the the Where we kind of started this webinar Of looking at these icebergs Looking for the potential for the move back up into higher levels And we just haven't seen it yet. All right, we're we're still kind of waiting and watching for that scenario To unfold. We're aware of it. Um, but Anyway, uh looking at who's in control in specific areas. Well buyers took control here right They they they went above this structural area At the open and they went above the swing here as well And look at the buyers come in All right, so they were able to move price quite a bit higher just shy of 4700 Uh, and then it fails and then where did sellers come in? Well, we can start to start to look at when that the big selling came in and move price We have a big pivot point here, uh for the day. This is going to be an important level In fact, and it's this area right here Okay, the swing here at the uh at the open in fact 930 um, and Now it's kind of a range That we're kind of looking at it's somewhere like something like this or even up here. It's kind of a Wonky kind of range here that Not not too precise, but let's take a look at the structure nonetheless. This is where the buyers came in and moved it Uh, it bounced off of this area here where liquidity was Uh, and then went higher again. This is where sellers came in and they dropped it below that Into where it broke out out from here Hey, this is where the sellers came in. This is where sellers are taking control Okay, we get a little retest here, uh, and then we see sellers still taking control Buyers come up making equal high and the buy volume is not bad in here But the sellers rotate it back in and still taking this lower Okay, so now Let's take a look at what's going on down here now We know sellers are in control from this time frame on up Where are the buyers starting to take control? Well, I don't see them taking control yet Okay, I don't see uh sellers are still in control in this move Hey, but we're looking for that scenario So, uh, you know, you can still stick with this trend Uh and and look for lower areas. However Starting to look at this is you can see that we made an equal low here and kind of an equal high here So our structure starting to kind of you know, it's going from downtrend to sideways right now And now what we're going to do is we're going to look at the order flow within this double bottom pattern here and this structure Okay, so let's just outline it Okay, this structure here All right, and we're looking for buyers above it Okay, we we're breaking the trend line now We're looking for big green dots in here here here and here and move this market back on up the first test uh, we'll Yeah, I'd be looking for it to move up to like maybe 86 or this kind of swing here at 80 88 uh up here Okay, and uh, you can see that We're we're not quite ready yet. You can see that We're not getting those big green dots in these areas here Right, so we're kind of transitioning from downtrend to sideways trend right now But we're watching the order flow within this sideways Uh consolidation here Okay, where where who's taking control or who is in control in this structure? Well, we can see it's pretty equal buyers sellers Buyers now, let's see. Can we get our buyers back up here again? And maybe we can get a breakout If we don't and we start to see sellers down around here. I would imagine Um, we're gonna get the move lower back down into the low here 4675 or so So we're kind of looking for these two scenarios here and the order flow will give us some insight Okay, we see the sellers starting to come in And they're going to try to you know, test it down into these areas here It's pretty equal in here right now. I don't see anyone really taking control in here Uh, do you do you guys under or is that is that kind of clear? Do you understand what I mean by who's taking control in some of these areas? And looking at the pressures of the volume within this. This was a question. I think a BP rules had um Some some uh some days ago, uh about understanding volume pressures within a structure and this is it here Let's let's in fact, let's uh kind of delete some of these things so we can see it a little bit clearer Okay within this consolidation structure We're looking to see who who is in control and we don't see it right So it makes sense that we continue to go sideways here Okay, so we we see the the sellers taking control taking control taking control And we get the downtrend Now we're looking at kind of buyers and sellers equaling each other here And let's see if the sellers try to pick it up here They could And they could break this now. They've got to break it on size Yes, we're watching Yeah, they've got the size here now. They're getting filled here though Right, so we're going to watch this carefully because this could be a false breakdown It just broke down by a tick or two and you already see buyers coming back in All right, if that's the case, can they reach back up to this liquidity here at 4680? Let's continue to uh Edit Some of these drawings here get rid of them. Okay, so we're just about at 4680 back into the range This is a false breakdown. All right. Now the question here is What's the kind of most traded level in this range here? Well, we're right at it right now 4680 What we're going to look for is Um Larger uh buyers, you know big green dots above that area here We want to see more liquidity also maybe on the on the bid here And we want to see maybe these guys at 83 starting to pull that liquidity and adding it higher Okay, this is when we we can look for that scenario to break out of this range If we can get enough of the buyers in here And you can see that it's still buying starting to pick up a little bit in here a little bit more buying than selling Then then the selling down here for example Okay, so are we there yet? No But we're starting to kind of watch this in fact We made a lower height even with this more buying in here Okay, so look at see this little area here For at at 4678 and we're seeing selling down below it And this is where we see most most of that buying coming in Okay, so sellers if they can get below this area here This would be kind of trapped volume and we'd be looking to verify that with a stop run to the downside Okay, we're still kind of waiting and watching here And so in fact, uh, we're back up above this little area here This is going to be kind of a critical little area for this little time frame we're looking at right now Okay, buyers back up above it. All right buyers You should be able to move it then back up into and break this little swing and back up into This kind of 81 liquidity Let's see it Okay, they're they're above that This line here Good morning, Alan You were busy making stupid trades. Okay Yeah, we're kind of like we went from this kind of downtrend and you know the smaller time frame here To kind of sideways And then now we're starting to look at the structure as well The structure on this is is bearish Still it went kind of from sideways to a little bit bearish here Here's why lower high and a lower low So it's starting to kind of shift. In fact, we can look for sellers to try to take it here They're below the little swing that we just uh at at the 78 level here So let's see if we can get our sellers in here and we need to see quite a bit And then we'd be looking for 75 and 73 and then maybe even 70 transact Good morning, David. No problem Glad you could make it. All right, so buyers came in. They're still kind of testing and and Kind of fighting battling at this kind of level here we're looking for Uh, uh someone to take control here and they're we're not quite seeing it yet Again massive icebergs. Let's see how massive. That's not that big This was pretty big over here though All right, sellers you you've got it now. You've got it if you want it. Let's see it 75 73 70 let's see if they can push it Right. The structure is telling us that we should we'd be looking for that just it's and it's not that much of a hand or a tip Because like a A tip of the hand here because like a we we slightly made a lower lower low and slightly made a lower high here Okay, so the structure is telling us now we're looking for volume pressure on the sell side to continue Uh with the trend And we're waiting and watching here All right, so they should be able to do it on this rotation here Let's see it sellers and push it into the 75 here and they should be able to trade through it too And let's see it sellers Nothing nothing yet No, no no insight at all. I quite yet just a small little range here of three ticks Okay, here comes some selling Okay, no we're getting buyers starting to come in they're trying to lift it now Be careful with this kind of buying here. This is this is why exactly why to be careful with it Now we're getting our move Right, so the way to kind of not not get kind of fooled or duped by that buying that just came in like this Is did they break the structure? All right, we're still in this down trend We're still making lower lows here and in this little structure in here We're still making lower lows And uh and lower highs even this move here to 77 It only came up to here. It didn't it didn't even retest some of these areas in here Right, even though we see nice little kind of cluster of buying that came in We rotate right back down and we get our sellers that we're looking for and they're able to finally break it here And we can also put together This is a stop run. This is a stop run. We're looking for Here it is it verifies it So these traders that try to buy off of this area or we're buying in here or in any of these areas in here Are getting stopped out So, uh, we can we can see it here. We know with our mbo data All right, so now let's take a look back here and continue to Look at this here more sellers back down into our 72 area still looking for 70 here to transact Let's see here 70 and then maybe even 65 here You know so You can see like uh, we're kind of going through these different scenarios in here and trying to get an understanding of the order flow in the end We I mean we started off looking for um, you know due to icebergs, etc. And uh, also due to this, um massive kind of spoof yesterday Uh, and and lots of icebergs getting filled down below at the at the close You know kind of looking for you know the potential for a move back up and So we're looking for that potential and the order flow is telling us here No, we're still making kind of lower highs and lower lows And we're looking and we know sellers are still in control. We're looking to see buyers break this 82 level so You know on our on our lower time frames You can you can kind of see how these markets are fractal. So we did break this trend here We saw the buyers break this little structure here So we're looking forward to come back up and test this structure and that's what it did Okay, so there's your kind of counter trend trade Uh, but did it break the bigger structure? No Okay, and now we're looking we're still you can see how it's still nicely holding uh the the trend here Okay, so now we're down into our 70 level Okay, that's what we're looking for for this move to break into uh liquidity down into these areas here And there's still no reason to think differently At this point Okay, if we if we get maybe some exhaustion in here, we'd be looking for a counter trend trade Let's go over it quickly Okay, so again, uh, kind of structure here Uh looking for a counter trend trade and then looking for the move back up to where it dropped from here We're already there Uh, and and then maybe back up into 75 level up here Okay, and then we're gonna have to see if it can break that structure Uh here Okay, so there's our move. It's already back up at 75. That was quick And let's zoom out. Let's get our bigger picture perspective Uh this move too, even though like pretty strong volume on the buy side Uh and and a nice move back up to here However, it's a low volume pullback at this point more sellers in here And uh less buyers here now Low volume pullbacks are usually good entries for continuation to the downside We have to be kind of careful, uh of The low volume pullbacks when you're at the bottom of it of a downtrend, for example And uh The the reason being is like even though this is a low volume pullback to where it dropped from here If you get the buyers up above this area here It doesn't matter you're looking for size above it And they're just to move it away from this whole zone down here You're looking for them to move it away and move it away on size So we're looking for that scenario as well and you have to be kind of careful Because yeah, you can get massive short squeezes To the upside and all of this volume down here Is uh is they're they're forced they're compelled to be buyers on the way up Okay, so we're still kind of looking and waiting and watching for that Break of that otherwise you can see the the low volume pullback here continued with the trend All right, this little little tricky in here But and and where could you look for the potential move? Well, it basically below here You can see this kind of went up to it kind of paused went up again Then the sellers came in down in here You know, I don't think it gives us much insight here to be honest We want to see big red dots pulling that market lower and we're not We're not So, you know the continuation on the trend here we're trying to enter into this It's not giving me much insight. Um We're not really seeing that that volume in here confirm this move to the downside We're just kind of going with the market structure and the trend here Okay, makes sense. Okay, so we're still trending Okay, now we can also start to look at again, um, where the structure in this trend, uh May break And right here's a good one at this 72 level here I'm sure it's not gonna necessarily break, but we're looking we'd be looking for a pullback to this here If we get buyers starting to come in Again, this is these are your counter trend trades, but uh, and we're looking for the potential for reversal but Before we do that. We're just we're looking for that potential. We're still going with the trend To the downside Okay, we're looking for that and here we got our break. We got our pullback and we got trend continuation And now we're down in almost this six, um 46 65 area here Okay, what about 46 60 and also 46 50 down here Okay, so still trending lower Still seeing massive icebergs as well Not massive. Um, the big icebergs were here So it bodes pretty well for a move back up into this 46 90 here if we if we can find our buyers in here And we will at some point You know else just we're waiting and watching else just you know stick stick with the trend And let this play out We can go over a little bit of trade management in here. I know it's hindsight, but uh, um The uh You know if we're looking for this breakdown and we're looking for those sellers to come in You know, I typically kind of enter somewhere around here because I'm I'm waiting and watching I'm looking for the confirmation of the sellers to move it away Due to the structure and then the order flow within the structure which really didn't tip its hand until here Uh, and that we're just looking at structure Once we started to see that in here looking for those sellers Now we've got something they're moving it away. They're moving away on size. So let's say your entry was in here somewhere Uh, I like to take partial profits along the way into areas of high liquidity or front running that high liquidity Uh, and then move my stop to break even if I did that I would have been stopped out here at break even Right. So there's ways to manage some of your trading activity here. You know these these Um marcus rotate back To where they drop from here and this is where you know scott talks about it And we've talked about it for years that Think of all the traders that are kind of stuck in here You know and they're they're long Well, they're going to be sellers if they can get price back up here And and they're going to be thanking their lucky stars that I can get out At a good price level and that's the selling that starts to come back in Right. So, uh, anyway the um Ways to consider to avoid getting stopped out here Uh, is let's suppose I know I've covered this um several times in in the past. So Bear with me guys. Um, yeah trend is your friend until it breaks your heart Yeah, yeah, exactly exactly, but you know, you you can start to look for it. Uh, um the You know potential for those reversals. Uh, it really kind of hits you over the head When you finally get it, um, and and you see it, uh, but um, uh, anyway the, um, Hold on just a minute Yeah, so suppose you got in here looking for this break And then you took your partial profit down here Okay So I'm just going to make two similar squares And then let's edit them here. So you took your partial profit. This is what you got If we put this on top of the other one, this is where your stop loss could be After you've taken let's say you get out in two legs One leg down here. The other is like, uh, you're still in it or you can place your stop up here And this would be your overall break even So, you know, it's giving you a lot more leeway here Now if you get stopped out up here, you didn't make any money on the trade whatsoever You took some profit here, but then you took a loss on the way back up here. That would equal out to zero Uh, and you'd be at break even you can, you know, maybe make this one a little bit more shallow And then you'd make maybe, you know up for your commissions and and a tick or two or something So you'd have a very small, uh, profit, um, but that's that's something to consider For trade management. It's up to you If you did that you'd still be in this basically And, uh, you know, why why would you get out? You don't see any reason yet. You don't see price structure Breaking yet In any of these areas here. So There would be no reason at this point Okay, he you're looking at the cues with dug Yeah, so still going down No reason to get out Okay, let's start to look at micro trends here and and maybe potential pullbacks So we're really kind of getting a nitty gritty here on some of these Micro trends and bigger trends bigger trend is still holding holding absolutely nicely here. Just just beautiful Hey, let's take a look at some of the smaller trends Hey, you can look at maybe something like whoops not that Boy, this is starting to get kind of messy You know here Okay, or even this kind of trend here trend channel You can see is is holding pretty nicely Okay, right. So let what about a counter trend then? Um, what would that look like here? All right. Well, let's see We'd be looking for buyers Uh, just right around here Okay, where it broke from we already got the retest here Uh, and we're not seeing buyers. So we're kind of in this small micro trend here We went from downtrend to sideways now Okay, now look at liquidity came in here at 62 And we're kind of heading down toward it So we're still finding sellers in here. Uh, still interested in this liquidity here Okay, we'd be looking for this micro trend to break though and we're looking for buyers In this area here Okay, just just around 60 Just shy of 64 63 and three quarters Okay, sellers take it lower. So we we didn't get any sort of pullback here Um, oh, we did very very shallow. It's but it stayed with this trend here as you guys can see Okay, down to 60 Okay, all right, let's see liquidity here at 59 and three quarters. Here's the reaction some buyers Not much Sellers take it lower So Even going kind of exponential here In fact, so we can even redraw our trend and we're we're looking for maybe a quick countertrend trade just because We want to cover what you know, what that might look like here Bigger picture though, there's no reason to get out of this to the downside Just we're trying to go through as many examples as we can here so that you guys can understand what the reversals might look like Uh and When you might get these moves back up into Some of these areas here. So yeah, let's see if we can trade into this liquidity here At 55 and then see some buying coming in. I want to see the buying right here at 56 and three quarters Let's see if we get that Look at this little kind of spoof underneath here. You'll see this every almost every time Um, not necessarily a spoof, but see how like the the just completely narrow range in here Uh of like two or three ticks, but high liquidity on the offer trying to press price into Uh 55 here and there we go. So they they were successful Look at the icebergs picking up underneath as well So this little area one tick in front of that liquidity now looking for buyers here Okay, now we should get the move back up into 50 Uh, let's just call it 58 and we're looking for this countertrend trade here Here we go Okay, and we're still in a big downtrend But we're looking for this countertrend trade back up into these areas 59 Uh, maybe maybe even 60 or 59. Yeah 60 here Okay, see see how they're taking control on a smaller much smaller time frame here Here's our double bottom pattern Okay sellers Lack of selling buyers buyers up here at where where it matters and and and some size here So now let's see if we can get a little bit more here and they should be able to press it up into 59 here A little on the bid here as well. What's the reaction? Do we find our buyers here? They're pulling now So Yeah, not getting too much. Okay, here we go now. Let's see if we can get our buyers and let's see if we can get our 59 here Okay, and remember we're still in a downtrend Hey, this is just a small retest or Well, in fact a low volume pullback To some of these liquidity. There's our 60. Okay, just shy of it Or did it no, I traded I traded 43 traded into 60. All right. So anyway, so there's an example Now is this this is your countertrend trade? You know, like I said, these are are very can be very tricky Uh, we're still in a downtrend. So, you know, consider taking some profits on on on these kinds of uh, of these trades here And then and then, uh, you know, if you're looking for Maybe a bigger move though You really have to zoom out and you really have to look at the bigger picture Okay, did we trade into a bigger level look at the bigger trend here I mean my god, the icebergs are just they continue to add up here Uh, below these areas here and they seem to be happy to get filled in these areas here So I'm looking for a really nice move. Uh, maybe maybe it has to unfold next week Hey, like like we had covered this and I keep harping, uh and mentioning it. Um, the um Let's find it here All right on our youtube channel. How we were looking it. It's this the video down here. Um Selected webinars from the 20th. Uh, we saw massive icebergs and then the the move higher A multi-day move higher. So it you know, um After all of those iceberg transactions and what did that look like on the higher time frame? It's here Uh, this is the daily here Hold on a minute Yeah So it was it was down here. It was this swing here and it led to all-time highs, you know five five day rally Hey, big big candles big green candles as well. We're looking for something similar now here Hey, we're not quite there yet, but we're watching and waiting for it And why are we looking at in here? I mean you volume profile guys. Where is your high volume? Uh, a node in here Where is your point of control? Probably around here, right? Probably around this uh 40 46 50 area. I would imagine Okay, dug you say the the spot gamma level is 46 55 Yep, so Doug's looking at you know, Doug's trading options or He's using options, uh, gamma levels Uh as um, uh his higher time frame kind of outlook Uh, I can show you guys the if you haven't seen his webinar This is where you can find it as well on our youtube channel Um under pro trader webinars. It's right here dug Okay, uh, also tom did one, uh last Well, it was I think three weeks ago december And uh, it's tom will be streaming here very shortly In doing the same kind of streaming that i'm doing right now Uh, he'll be doing it um in uh, uh, his uh, his his trader lab room Here in in discord All right, so anyway guys like uh, just want to show you just how important it is to start to understand Uh, some of these icebergs and and some of these absorption levels in here And and the moves that can unfold on these higher time frames Allen, do you have the your um higher time frame like your daily? Chart here and your um point of control. I'm really curious what it is. I would imagine it somewhere around here Okay, uh brent called out the support level uh in the am as well Okay Had brent's almost like a deity, huh? Yeah, we can take a look at the s and p around uh 10 52 Sure 46 80 okay not on the high not on the five minute um allen but on the um Uh, what do you have on the daily chart? Like if you looked at uh, this this chart here like this cluster of volume in here Where's your your high volume um node in here? I mean just by looking at the price action in here. I would imagine it somewhere up in here Just kind of makes sense to me anyway, uh Yeah, I'm just kind of uh speculating on that but You know, who knows? I mean, maybe there's some big volume down in here and and maybe it's down further Anyway, you're looking for maybe a potential bounce off of that area Okay, that's why we're noticed yesterday large icebergs at the close and then now we're below it here And we're still seeing uh, you know some some large icebergs down here Okay, so we're we're still looking for that scenario here. Here's here's where we we came from here Uh, this is yesterday's closed. Look at the action yesterday. It's just just horrible. I mean back and forth in here Uh, but uh nice nice big uh spoofing type of activity right here. I mean god, this just looks great. Um and uh This is what it used to look like would you be looking at like your five minute chart or something like that and and uh You'd see these blocks here of uh layering of uh liquidity and then the spoof into uh your iceberg down here um, so the uh Yeah, let's continue to to look at current price action Okay All right, so we saw this exponential move. We saw the break of it We're looking for the pullback to this 46 60 that has unfolded. It's gone even higher now Hey, it's gone up into this area, but we are still in a downtrend Hey, it's getting kind of uh It's testing these levels up here, but we're still in a downtrend Hey, now what about the buying in here compared to the selling over here? Yeah, you know, it's it's not Nothing great nothing great yet. Now what we can look for this is really getting kind of messy. So let's clear them all um, what we're looking for though is a move back up above here or here on big volume on on the Buy side here Okay, so here they come they're going to try to test it and trade into and through this area here Let's see if they can do it. We're looking for big buying here and to move price away from this area here Okay, here we go now. We got some some buy volume up above the swing here. That's good Okay, we need to see more though Okay, it's already pulled back to the to the top of this range. We need to see more buyers in here Hey, if we get that We should see it move through this liquidity at 66 and then on up into 69 and 70 Let's see if we get it now. We're waiting. We're waiting. We're watching Uh, and let's see if we get maybe a move back up here Hey back up to 65 Hey bouncing off of where it kind of broke out from And nope, we didn't get that And we wouldn't have gotten involved in that either We didn't see buyers in here Yeah, I agree with you Doug on this. Um Buying icebergs have been executing all the way down. Uh, seems to be typical of larger larger traders Buying weakness and selling strength exactly Exactly I mean, this is what I think it just gets really interesting The transparency that we're getting into these markets now is pretty amazing to be able to see icebergs like this Um, and then integrate that into our trading Uh, so if we know that, you know, larger players are getting filled Like all the way down and they're buying all the way down Like at a certain point the aggressors are going to give us some insight To the move and the reversal for the move back up And that's what we're kind of looking for and that's what we started this webinar off Uh talking about yesterday's tweet and this in here Uh, and you can see that none of that has unfolded yet and they're still buying Okay, now, uh, Doug if you have a cumulative volume, uh, delta Uh output here for your icebergs, uh, I don't know what time maybe you open up the market But I would imagine you're probably up around You know 15,000 or something since I'm I opened at 10 o'clock and I have already almost, uh, 10,000 here 15 maybe 20,000. I mean, I imagine there was quite a bit of iceberg buying in here and then also in here Oh, yeah. Okay. So you're you're at negative, uh, 21 Negative 21 or no 21,000. No should be positive number So it's you're over 20,000 Yeah, and we can also look at, you know, the the 14,000 that that, uh, transacted at the close yesterday as well So we're we're seeing a lot and when we know that now we just haven't seen the order flow change yet I mean, you can see like, you know, we're looking for that break in here Uh, and then the break kind of above our our, you know, 65 level we we did break this little swing here It it failed. It's a failed breakout and sellers came right back in and we still know we're in a downtrend here We were just looking for a retest back up into these areas here Okay, we can see very nicely holding this trend line Okay, and uh, all this did was kind of break the the top of the little range and trade right back down into it And break the bottom of this little range here as well Okay, so, uh, uh, nice Doug. So since 640 you have icebergs, uh, and you're selling 21, uh, 1,500 excellent. Thank you I mean think about it here like You know, and we're speculating on this, but we're going to try to the backstory. Um Uh, we want to understand these auction these markets as an auction And think about if larger players are getting filled all the way down At a certain point it's in their interest To kind of tip their hand and say like it's time to buy Right and we're looking for that And we're going to look for larger, uh, uh buyers here to move it away from these previous value areas Okay, right here Can they move it away? What that scenario is going to look like Hey is a lower high a higher low Uh, and a and a higher high and then our big green dots Okay, we want to see more liquidity on the on the bid and then pulling on the offer here So let's see if we can get that scenario right now see the buying coming in Okay, now we need to break this area here at 65 on big, uh, green dots here Hey, are we getting it? Yeah starting to do it. Great. Where might it go next? We're looking for, uh, 46 70 Okay, this little area here and there's liquidity there as well Okay, now look what we're starting to break now to We're breaking this higher time frame trend line And we're trading up here where there was previous buying that kind of broke the trend a little bit here Or i'm sorry broke the little structure here Okay, so starting to look pretty good Okay, uh, now we're looking for Uh, I would love to see this liquidity here pull and add higher Up into about here. It's just starting to come in at this kind of 61 and a quarter area And I want to see these guys at 66. I want to see them pull Here we go. All right. Here's here's that little, uh, uh, scenario starting to unfold here They are on the bid I want to see them pull on the offer and we're looking for our big green dots here Okay, it looks like these markets are getting ready to move Now let's add in another confluence here Okay, we're starting to we're kind of putting the pieces together. We're looking at our structure This is a really good one. Let's look at correlated markets How's the nasdaq looking? Well, it's already broken it Okay, how's the rustle looking? The rustle is kind of struggling to break it here, but it's starting to do it now. It's pulling back Okay, so another rotation might be in order here. Maybe we're not quite ready yet Yeah, in the s&p starting to pull back now too Okay, but we're starting to kind of note though, uh, you know that the these markets might be getting ready for this move now So let's start to maybe look for Uh, a bigger trend reversal and what that might look like And let's get rid of these dots here Okay So how many of you guys in here are our pattern traders? Uh, you're not looking at market and volume profile I know that a lot of you are um, but you're looking at patterns like your your um Reversal patterns continuation patterns like your maybe your bear and bull flags would be a continuation pattern Uh, maybe you're looking at reversal patterns like double bottoms or head and shoulders, etc Hey, whatever it is like Um, what we're looking for is the order flow within the pattern is the order flow that makes up that pattern And it's the auction that makes up that pattern and this is why they repeat then the auction of where buyers and sellers are are getting involved and Uh, and getting stopped out and compelled to buy and sell Okay, well, we we drew up our our reversal trend line here and look look at what's happening coming in at 60 here liquidity Okay, well, all right. So now let's see if we can get are we going to get buyers in here Byers already pulled it back to where it broke from here as you can see see sellers Here's your here's your little little miniature bear flag here Sellers sideways consolidation sellers Okay, now down into that liquidity it transacted these guys did stay in the book All right, so we're getting some more insight here now if this is going to hold We need to see buyers back up above it here right around this 60 level here Okay, if we can get that we should get a move right back to 62 Okay, here they come Now we're looking for them to continue on up 62 liquidity is coming in around 63 Which makes sense too. This is kind of where it broke down from Okay, here we go There's our move 62 Okay, now I had a little back and forth in here But here it's very hitting us on the top of the head here for this little counter trend move here We're looking for this here On the higher time frame right Okay, now looking good. Let's see. I want to see them take it all the way back up to 65 here buying pressure looks pretty good It's not bad And I want to see it move up here to 65 And let's see if we can then break out and see and get massive buying up here at 65 Okay, so again looking at this we're looking at trend lines here Okay, so the bigger pattern here we're looking at are different trend lines I'm starting to understand order flow around these trend lines and why these trend lines work Okay, it's no it's no different than sideways consolidation. It's just on a diagonal. Okay pull back Where it where it broke out from Makes sense, right, you know that we would potentially get a pull back up into here because sellers drop it Consolidation drop it again and we got a pull back to this area So now we're just looking to see if we can get buyers back up here yet again If we do and at this point here, uh, they should be able to break it I would imagine Okay, and then we'd be looking for the move to 65 here Yep, so far so good. I like it. We should get the move up here to 63. I'm looking for it and then looking 63 and a half 63 and a quarter and then I'm looking for them to break it up into 65 here Okay, we don't want to see that we don't want to see exhaustion up here We want to see buyers. So so we got another rotation We're starting to find a little bit of buying up here Not a whole lot though not a whole lot. So this might fail Got to get our buyers here Okay retest back Come on buyers one more retest back up over we should get them and then we're looking for Well, we were looking for 65 earlier Now we're looking for this 63 and three quarters. That's where the liquidity is So basically top of the range here where this kind of top of the range of also this little bear flag On this countertrend move here. Here they come All right. So now we're looking for 63 and three quarters. I can't do it Even they even made a lower high here And we're making a lower low here All right, so this might be this might structurally like this is still holding It's getting kind of kind of iffy though right now If we can get if we get down below this 57 area here and and we see sellers here. This this is This kind of small Break here looking for the kind of reversal pattern here. This is going to fail And we're kind of waiting and and the cluster looks good up here We're just looking for one more move up here in the higher time frame and then the break of it because we did break the The trend line and we did break this little high here as well Okay on some buy volume Yeah, here we go. So we're down below the swing here at 57 Okay, we're going to see a nice stop run two down into this area here 54 Okay, and likely hit 50 the figure here so yeah, this is uh Looking for that counter or that uh reversal is uh Failing here. Okay, we're pulling for it But we didn't we didn't see the higher high here Buying looks good in here. It would not it's got to reach up here Then when we started to see sellers down here and they're starting to break the the trend we're or i'm sorry break the structure All right, so the structure is here at 59 and we're starting to see sellers below it Uh, thanks david. Yeah, european clothes coming up We'll always get some volatility during that time We did did we just make an equal low here. Let's take a look Yeah, kind of They'd be i'd be really careful on this. We see the buyers starting to come in here, but uh very very careful on this Uh, it we don't want to see you buying here We want to see it up here For this structure to break Um, yeah, we could look for maybe a counter trend move like I said like we did in some of these others Back up to kind of where it broke from here around 60 for example We could even trade back up to 63 here but Really need to see the the pickup of volume at even at 63 it needs to pick up quite a bit to to make it back up into Uh, this swing here around 66 65 66 Volume looks good here However, structure is still holding to the downside. So we want to be very careful about that right think about All the buyers that just that just came in here And we know that uh, there's not many stops in here and we know that this is new buying is there's not icebergs in here either So if if what if the sellers get down below here All those buyers like At our are at a loss. They're going to be sellers Exiting their position. We would look for and anticipate a stop run Back down into 50 here Okay, so just going through these different scenarios here. We're waiting and watching to see if those unfold We were looking at them I forget who uh, who was reaching out yesterday. Um, let's see here. We got it in the chat Someone yesterday was talking about market structure It was just music to our ears. Um, I don't see them Uh, vince it was vince. Yeah Vince Valentine Yeah, again, like, you know, just just just kind of reiterating like a Talking about market structure and how important it is like, you know, we weren't sure about this move Now it's looking much much better, right that we're looking for our buyers in here Okay, and we still need to be kind of careful here. So here they go. They're going for it They're going for this 66 level here um And uh, yeah, we we could we could get it here. Um, it's kind of audited and dragged down into into 50 yet It could be advertising uh to try to you know, get a lot of people on board Break this by um a bit here Then rotate back down and rotate to 50 However, like we just got to go with what we read in the order flow. Look at the buying coming in. This is pretty strong Okay, now we're looking for a buy volume up here at 65 Great. Let's see if they should be able to break it then. We see the pressure coming in here We've been looking at all of these icebergs in here And let's see if they should be able to break 65 here Okay, and where would it go next? We'd be looking for yeah, maybe up here, you know, somewhere around this 75 level Okay, looking for them Uh, let's see David your question to when you see block trades coming in on the CME Um, does this get added into the icebergs? Yeah, I mean that doesn't matter the aggressor doesn't matter for an iceberg The um The iceberg order is just resting And the the the portion the visible portion of it will trade And then once it trades it immediately sends the next portion So suppose there's an iceberg order in the s and p here of a thousand And let's suppose like the first um kind of Trunch of it is is a hundred So you'll see an iceberg order of a hundred fill And we'll know that that's an iceberg and that the volume at that point is 100 that transacted We would also know if that iceberg is still in the market or not Uh, and uh Maybe we can find some of that right now. Let's let's turn it on So often icebergs on chart show icebergs Let's put in one Well, let's go with automatic threshold. Let's try that So about 196 is what we're looking for here We can make this icon size a little bit smaller Okay, there we go All right. All right. Here we go guys. Let's see if these buyers can do it now looking for our move up into 70 liquidity first Okay, they're coming in here at 70. So just looking for that move right now Okay, the buy volume looks great here. We should get the move Okay, this could turn into our bigger move that we've been waiting and watching for as well Without hitting this 4650 area First stop is 70 This is what we had drawn up. We're looking for it over here And the break we've got one more push or pull back Then they started to come back in yet again We at this point here our trend line is broken. We know that Uh, and in fact, we could even adjust it and look for the other trend You know a kind of a uh adjusted trend line to break as well And it did and look at the buy volume above it Okay So what yep starting to see it. Um And uh, let's see if we can get up into just 70 here. That's all we're looking for for right now And once you see this starting to come in back back in here nice move up into here retest Okay back in the range here, which this could fail at this point But once we see this come back in here this buy volume here now we're looking for our break Okay, primary scenario is looking for our break up into 70 and then potentially 75 What we said here due to the swing up here Now what if we get uh Sellers that come in We we'd have to get below kind of this area here our swing at 66, but also kind of the 60 This cluster here in this kind of 64 and a half area Is where we'd be looking for sellers to try to come in and Drive it back down into the into where 60 high high high volume node down here You know something like that Okay, so we can mark that up in here and kind of in here Okay, primary scenario though still going with it Uh move up into 70 Secondary scenario is red dots down in these levels here and kind of trap and have a false breakout here Okay, looking good. We're just about at 70 looking for it to fill and looking for it to break out Looking for also starting to anticipate pretty big stop run In some of these areas here. Oh, sorry, uh, you want to look at, uh Um Yeah, we can we can do that. There's our move guys here. We should we should start to see some stops hit They're looking for 75 here Uh 10 52 Yep down here. That's what you want to look at Uh, let's see here. You also have some questions David Hold on a minute. Yeah, hold on a minute. I'm just having some problems with this, uh Go-to webinar here Um, let me pop this out. It's just kind of getting in the way. Um Streaming window and I can't read your question. So hold on There we go. Now I can see it. Okay. Uh, let's see here. Um When you see a block tree coming on the CME does this get added to the iceberg? Okay so well The block trade is the aggressor Right, uh, you see, you know, uh one order for like a hundred or one order for 500 or something like that uh, and um We're talking with an iceberg. We're talking about the other side. Uh the passive order They're they're on basically they're hidden from the order book, but they're still passively waiting to get filled um With piecing out, uh, their limit order Each tip of the iceberg that is sent to the market after one transaction the next piece is then sent to the market, so I hope that makes sense. Uh in answering your question, uh, David You know, I'll post some in in here the um, or in the futures chat, uh Some links to a lot of resources on icebergs. We've got a lot Uh that I think you'll find really helpful All right, so then let's look at uh, allen's question. Um And we're still there's one there's one caveat with this breakout here. We've seen this trade so many times Or this pattern We're looking for this trend reversal, right now. We have all these icebergs backing us up as well Just an amazing amount of icebergs here. Um, You know from yesterday as well, um, which could move to um, what what did we say like something like, uh, um, this could be multi-day move Right, so we saw the close here. We captured those icebergs All of these icebergs all the way down below the swing here from yesterday as well And they're still buying right so we're looking for this bigger move to unfold Look at the selling in here on this time frame Uh now look at the buying coming back in right you can even look at the double bottom pattern in here selling Lack of selling buying coming back in starting to break structure. So this is why we're looking for this move back up into Uh, just around this 75 ish area here because this is kind of where we broke down from on the even the higher time frame So we're just looking for a pullback to it Uh at the moment now it could turn into the bigger move Uh, where would all these icebergs be in in profit? Well, they'll they'll be in profit up here Just above, uh, 4,700 Well, I mean, I'm sorry. They'll be even profit up up back into here. Uh, basically, um They all kind of got involved into here. So probably somewhere around this kind of, uh, 87 level Uh, something like that now That's where they're just into profit Where the they'll really be in profit is when this carries can carry on into multi-day Okay, so and we'd be looking for that scenario to play to play out on the higher time frame here Hey, so we got the pieces of the puzzle here together. We're just looking for Uh the um It to unfold That's it All right, no, we can also take a look at our correlated markets Okay, nasdaq's looking pretty good here Uh, what about the russell russell looks great Okay, so looking for continuation I I don't know. I didn't look at the icebergs here In these two markets, but we're just looking at a swing and a move and now we're looking for momentum Uh in all of these equity markets Okay, once that train gets going or that ship, you know gets kind of turned around Uh, you we can it's hard to turn it back around again. So we're looking for continuation then Uh in in these markets. Okay. Now the the one caveat is And then alan i'll get to your question You know, we get this move up Uh to an area we're still kind of in a downtrend here as you can see this this is where we drop from here Okay, and there's still even you can even look at it in here from 75 on down You know, uh, we're still in a downtrend Okay, so all of this heavy selling Uh, and then we're looking for that pullback to 75 and then on this higher time frame We've got to see the bigger um volume dots above 75 here. That's going to be kind of critical For a higher time frame move Right, so I hope I demoed that several times here today. Um looking for smaller time frame and then a higher time frame Um even like kind of microstructural almost Time frames and then looking for pullbacks and moves, etc In that so now we're getting back into where we kind of started this webinar Of looking for when uh, when are we going to get the bigger turnaround in here? And we're not out of the woods yet at all. Uh, but we're starting to notice some very very interesting buy volume coming in here And uh, you know, we may come up here in that caveat that I was mentioning is you get one kind of test up into 75 You'll get another test back up to 75. You may even break it slightly And it just can't trend Then you get you'll get your sellers down below that area and then you'll come back down into likely the first area would be uh, the high high volume node around here at 46 60 Volume or value area or you might even get the move back down into 46 50 and but you know still being open to the The higher time frame move Unfolding due to all of these icebergs. All right, so let's get to alan's question at 1052. Let's take a look Okay Okay, great iceberg in here beauty Just a beauty Look at that. So let's see what your question is alan Okay, thanks, uh, he biden is speaking Nice excellent We get some volatility um alan I see 1500 trade altogether in this iceberg not 1000 so, uh Yeah, I mean this i'm looking at two different outputs here You know, this should equal um if I kind of do, you know Um, as long as my filtering is is correct or As long as I don't filter this iceberg here, which I actually am um Then you know the reading from right down here, which is 82 98 on up to here uh, which is um Uh 98 35 Uh, it should should be about 1500 the if I subtract one from the other So it's somewhere around there. So it looks like it's pretty pretty spot on. Um, and uh Well, this this is how the the icebergs unfold you can this is where it gets really really interesting I I think see the high liquidity here at at 55 The icebergs front running that You you'll see this trick all the time. We saw it just back on december 20th and that large move to the upside We saw some really savvy iceberg, uh management really really um You know some some excellent, uh Trading I I thought from the larger players Uh, this is one of the tricks for example Front they're front running it might even be their own liquidity sellers trying to trying to trying to hit this 55 liquidity here Uh, and and then even the spoof in here you can see Like look at high liquidity here on the offer, but buyers are taking them on So we're getting kind of a battle in this area here But these guys want to get filled in their icebergs. So they're front running the high liquidity They're getting filled in here totally absorbing any selling pressure in here Not allowing price to drop once they're filled they're out sellers drop it Their iceberg is filled. This is it's totally executed here. We know this. This is fact This is the kind of stuff. It's just amazing to see to in my opinion to see this here And look at the stop run right after as well. So anyone buying in here They're getting stopped here. Uh, so Anyway, uh the Context in here, uh is um is amazing. Uh front running it getting filled in here They get filled then the market drops crazy stuff And what we saw in the in on the 20th was Let me see if I can show an example On the 20th, there there was an iceberg that was um, you know, it got filled in this area here So it was kind of it kind of looked like this and you can I can kind of Think of your this orange line here as a blue line for icebergs Okay, they were getting filled in here At this area here and they're waiting And then what they did was they dropped it Below the swing here Or even even below this swing down here, let's say Uh, and uh, let's just go with this one here. We'll go with this swing here They dropped it down below it And then they came back in Where they kept it At that price level and then they got filled down here So they're getting filled here getting a better price down here as they're duping or As sellers are getting the move and like, oh, okay, it's breaking the swing. Uh, great Sellers are coming in should drop lower. They're on the other side It's like sharks. Uh, just just is bait like this is almost bait for the sharks. Uh, and uh, uh, you know, looking looking for them to um Uh, we finally did get that multi-day reversal Right, so I'm kind of looking and curious like if that's going to happen, uh You know next week here Uh, so um, uh, anyway You know, I I could possibly see You know Monday as another kind of down day to get everyone going wrong wrong Uh, wrong direction yet again, uh, and then to finally, uh, turn things around, uh For looking for multi-day move maybe to the upside Next week. Okay, so just we don't know But we're going to be looking at the order flow to tell us We're just going through and outlining the scenarios and what that might look like All right guys, so I've been going for like an hour and 45 minutes almost 40 40 minutes at least So, uh, let's wrap it up. We'll call it a day Uh, keep looking here. Uh, chum in the water. Yeah, exactly. Um Let's see Alan did so I didn't answer your question. Um Main question was buying absorption around 960 Totally worth it today. Uh, uh, thank you. Thank you on point. Oh sure Um Yeah, you're welcome It's okay. Okay. Got you. So I answer your question Alan. Yeah, really great stuff To see now, you know, we're still kind of waiting and watching here like like I said like on this higher time frame Just keep an eye out. Uh, you know, this is the key level here the 75 level as you guys can see Uh, and we need to see the buyers back up above it Uh, boy, can we get a nice stop run and and a lot of people a short squeeze to the upside too if we can All right. So um, uh, anyway, we'll keep an eye out for it All right, so we went over high time frames low time frames, uh, looking at this, uh, Very curious about the icebergs, etc And when this move might unfold and and will we on the on the lookout for the order flow to give us that shift and that change All right. Thanks guys. Have a great weekend and we will catch up Uh on monday. Okay. Yeah, take care. Bye. Bye