 All right. Good morning traders and welcome to the book map live order flow analysis today with a stock trader Jay trader All right. Good morning traders and welcome to the he is going to go through how he looks at the market and learn how to read and Potentially trade order flow based off his professional Stance in the markets here what he's exactly looking for with his Trading strategies how to optimize entries exits and your trade management You guys know who Jay trader is he's been training for quite a while and he's been with us for a number of years now So every Wednesday and see how he looks at the markets here. I have his contact information I'll put this into the chat if you want to reach out to him if you're interested in these strategies Trading stocks resonate with you. You can reach out to Jay trader. Let's go through the risk disclosures and and we'll jump in here 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 the risk disclosure trading futures equities and digital currencies Involves substantial risk of loss and is not suitable for all investors pass performance is not necessarily indicative of future results Right, so let's jump in here and take a look We're looking at the S&P and Jay trader will be in in just a minute He he's working with his own Customers, but he'll be jumping in soon. All right Guys this what does this look like down here right off the bat? There's a strong move down. We had ten o'clock data here. You can see You can even understand in the order flow why we had data here. You don't have to even look at Your your news feeds Okay, I'll ask that question like what why is that and then what kind of pattern is this right here? And why would we be looking for buyers to try to take it back up to here at for a 4080? So right off the bat a couple questions for you guys a good morning prickly Yeah, yeah fast movie market a FOMC later, so No, not exhaustion Cajun trader good good good one. No, that's an important one, but there's not exhaustion here And let's see over in discord. How are we doing? Everyone can hear me and see my screen right? Let's see here Yeah, okay Okay, so just about at 4080 already Anyway, this is you know, we're looking at This is a double bottom pattern here. Okay, well we covered patterns yesterday a triple bottom actually, this is more like it may be a triple bottom pattern and And a nice understanding in here though like you know why we thought that This might come back up and retest 80 it may come up a little bit higher But I don't see that happening at the moment here. All right, so We'll have to kind of read and zoom in here and look at the order flow makes sense We're getting a bounce here at 77 right now. This is really the hit that the key though right now in the order flow Do we get buyers up here? Little bit. What about the order book? No, not really seeing it. There's more liquidity at a lower level here It's trading our 80 level I'm not looking for it to bounce up into 82 right now I'm actually looking for a retest to 77 and then maybe back down to 75 Here's why okay, so and this and we're gonna cover this little move then we'll cover what the original question was Here's why is that here's our stronger move. Look at the buying up here. Okay at this area where sellers came in We would look for a pullback And and then we came back up here and we got a few buyers Okay, but you know not really enough and Now it's looking a little bit better On the buy side. Hey higher low and buyers in here, but not we need to get it up here at 80 Okay, so there's some exhaustion We're finding buyers. Okay. Let's see them take on 80 and then we can get our breakout up into 82 And now this is really small time frame stuff. There they go. Okay looking for these buyers to try to take it higher 81 and 82 would love to see now we have some buying up here. It's not bad Love to see the order book Okay, we got a little bit of it here. Not we didn't get much out of it though What would have helped us to look for a higher probability move up in up into 82 here Would just see the order book bid up up up in these areas in here and you can see a little bit, right? It just wasn't that great. It was more down here. We want to see it up here When we get that and you get buyers it looks great for it to continue higher All right, so what we look for follow-through in those cases now get back to the original question So again that right now like I don't really like it We're not getting all of those pieces here together in the order flow So, you know Hands off right If we if we get another rotation back up here and we do get those buyers. Yeah We we can get not only 82 we can get up higher Anyway, let's go through question number one and Let me show you also in our YouTube channel the review of the webinar here From yesterday, okay, so it's it's down here under our YouTube page live streaming recordings This one here triple bottoms and candlestick patterns Go back and and watch some of this in here We went into detail talking about the variations in a triple bottom All right now. This is more. This is kind of like a triple bottom here. I Called it more of a double bottom Let's look at the pieces in here and the variations and why we thought buyers would come in and move it up to 80 Okay And just 80 right now. We're not looking for a big reversal right now Just we're just looking for these buyers in here down here around 76 to move it on up to about 80 Okay, now you can see that they are continuing here. We are getting some follow-through look there We are at 82. Let's see if they can now break out up into a 85 86 maybe Okay, so We're getting the buyers here. We're just we're looking for that order book in here So light up on the bid for them to pull This liquidity in these areas here and for us to come back up into 86 I'm not seeing it right now we're getting some some buyers here, but That's going to be a stop run in here too above this range. So not not quite seeing it yet but If we went with the order flow, we're looking for it to go higher still Okay We might get a false breakout here. Let me go through that scenario quickly because it might unfold here All right, and that would be sellers down here This is what we'd be looking for. All right big red dots down here All right, and then they'll pull that market down to the bottom of this range and then maybe even down to Here or even the low here, you know down in this area All right, so a different scenarios here And then we look for the order flow to give us insight to which scenario will likely play out Right. So anyway, let's go through this again. That's the live market this Original question in here. What what is this double bottom pattern look like here? Okay? Well, we had data here strong move strong pullback But more sellers strong move down again on the sell side. Look at the buying in here All right, so we have a cluster of buying up here And we come back down here and we do see one seller You know a lot of sellers here, right? Here's our second scenario guys playing out just beautifully, right? And and this is where you know you start to see this, you know This is where that you'd be looking for potentially To When you see this confirmation on that sell side And you know, this is a false breakout here. This is where you're getting the confirmation in here All right, and this is where you're playing it down to to take some off Okay, that swing just like that All right, so that's like a three-point move or so And then you can hold For your runner to see if it continues on down into these lower areas, right? So there's some trade management and some trade setups for trading this action in here Okay, it's not a trade recommendation It's about learning about reading order flow and putting that together into a potential plan for yourself This is something you'll have to study and do on your own Um, let's see. Here's joseph in here yet. He should be jumping in Pretty quickly All right, I'm sorry guys. Let me jump back get to this double bottom here. All right. So we have a cluster of buying up here, right? Let's get the pen out That's good Um We have our buying up in up in here. All right. Now. Do we have a lot of selling in here? It's not bad Right and not bad here too So we do have some selling in here, but we got a cluster up here of buying All right, so uh, what we're uh looking for is like this is basically kind of a a false breakdown right here uh in this area and um This is this is your false breakdown and we got buyers here on the other side and they're lifting it. Okay This is your trap. Uh, and uh, uh Especially down here. This is your trap Uh, and we're finding buyers here. We we know there's already buying interest up here That's why we're looking for them to come up to here Uh and retest it All right, so uh, uh, that that was the um, kind of overall aim in this move up to 80 Okay, makes sense It was due to Good morning, buddy, welcome back. Uh, thank you. Thank you. Uh, wonderful to be back and uh, uh I love it. So, uh, uh, guys, uh, just uh, anyway, just uh, keep this in mind. We'll go over these patterns. Um, More we got j trader here. Let's jump in uh, and uh, go over some stocks with joseph So, uh, let's see. Are you sharing your screen joseph? Yes. Uh, yes. Let me know if you can see book map Yes All right, so traders just enter over here in a position this morning And we're gonna cover what we did market is very volatile. So I really like this market Uh, I just sent over here in a position this morning on ebet and I shared the position in In the room So that you can see my fills What about the bet? One of the small caps that we trade this morning was trading mainly this yes tesla and mgam The bet we have a 12 million float It's a stock with a very low market cap market cap is small market cap 16 million We have uh, only one history over here in the past and this Faded on day one Average I have a daytime was uh 932 So we can uh Put this bigger here This is a stock so you can understand traders right away. What kind of stocks we're trading, right? Uh, all the way down all this year I was looking this morning for levels to trade The plan was to attack the level of the pre-market eye area And this is one of the classic patterns that I trade uh called gap and crab Let's start finding over here levels where we had Some resistance, but you can see the liquidity in the past was very small So we didn't have a lot of high volume areas to trade into Therefore the main plan was done using the into-day time frame And looking for patterns in order to flow I started looking into this extension at the open. This is the nine o'clock bar and hourly chart And as usual I have as reference The half dollar numbers 250 Whole dollar numbers two dollars. Of course. I had three Main point is to find the correct timing As you can see here traders We have a stock with That hit high volume. So we had bars even if it was a one-minute stock off around 1.7 2 million volume bars And this is The first dip that we had at the gate this dip is a bear trap so we have the smart money or the big hands over here triggering breakdown And this is one of my favorite patterns To see more in reversals. Okay, so at this point here We can use this You can see that we go exactly to break That previous level over here, right this level. So here we form a A bear trap Also called what let's see somebody knows it a sell stop For which reason by the way, I'm sure all morning on tesla. I will share over here the trades that I took actually already shared in the room Of bookmark as well in order to enter them in that small cap So when we have the open And you're trading small caps especially small caps You will see manipulation algorithms hitting all over Bulls and bears fighting especially retailers But The main hands. Okay, the big hands who control over here Or say the flow Is gonna try to trap traders and try to push the Set up As they want and I will explain what I mean By the way over here traders ask me what are the targets for ebet? So we're trading over here a given crab so i'm staying for Now a target of at least 140 150 Second target will be 110 Okay At the gate so I can share better with with bookmark Remember that the level that eyes are shared. Okay So we have over here this open 930 and you can see This wash you see that dot That is exactly what The smart money wants to do with you Okay They're gonna be here trap because it is there in the agenda To push this higher. Okay guys And I don't want to see when I trade any of The traders I I teach I meant to to short weakness In the weakness we buy at the tops Backside we short This stock I finished over here to come and to bet before going to tesla We have no history as we said of high volume reason series We have a daily level that I trace around 260 and 220 And we can look also into the illusion Of this company. Okay So as we said we have a small float This company has no cash Your company has war I think your screen might be stuck I'm not sure I I'm looking at. Okay. No, you're good. You're good. I went back over here to this level because I'm going to explain 930 Bruce, okay And but tell me, you know in case I will have like some some problem of connection So we have warrants off On ebet at five we have warrants at higher prices we have also A shelf around five mill left and I'm reading this with With into the filings And so we know there's a stock that has no cash or very low cash And the stock has to survive right And at the same time the stock is a ton of dilution One last thing When I do my plan Is I start looking on book map before the open If we have already levels of liquidity I can see one level of liquidity over here too So I know that two will stall the tape And I believe that Bruce will Uh will agree with this so we'll basically Give you an idea over here the big hands are Sized okay or placed This is 930 And I'm not jumping in the In the trade over here short or long My thesis this morning was to capture tesla which I did Then I see a main support the 120 Just the gate we see another resistance at two dollars Few minutes later we see a major resistance to 50 And then later on we'll see one at three This remains intact for the entire session and still now So the main target On this trade that I have 249 and something on two accounts 249 average Uh is It has this target 120 If you look at how the stock performs At the two dollars you who have a pullback This doesn't mean a two dollars will be the top and this will fade But at two dollars we have over here a pullback In momentum And you can see that we have a main absorption And we start like Uh, you know flipping down over here about 15 20 cents Then it pushes if you see over here this space means it halted So this halted for about five minutes It resumed After the resumption over here went from 239 Around 260s And you can see right away dumped And then I found another support which was the previous resistance two dollars And I started became lateral This is the zone over here all this Where you short it? risking the 260 My first idea was risking 250 But I wanted to give a little bit more wiggle room and I tried to size in as much as I can around a 250 area These pops are the ones that convinced me that we are going to fail And I'm going to point out the reason You can see that right away to move up over here. This is a half the alt Okay around 951 We came down lower high and then we start putting over here some levels of liquidity one two three four So we start topping over here the action And these pops can never reclaim the previous high 250 to 60 And I was alerting over here at yours. We have a huge amount of selling pressure around 240 to 50 This gave me conviction to enter And hold the trade and of course I still will have a risk Being that I trade 240 or 250 risking 260 to 65 But if I calculate the riskable ratio Based on my patterns based on the Main liquidity area that we had this morning It's 120 so I'm risking something like 15 cents To make something like one buck and 20 buck one buck and 30 I took only one cover 30 percent around 191 as I know That's my first target You can get over here and just look at what I post over here In the boiler room or stocks And now we're simply in joining this trade One of the main points of reading liquidity And levels of liquidity Is always spotting who is in control In that exact moment of The momentum what I mean by that If we are looking over here this point and before here we are looking this with bruce We can see traders this dip that you can see on book map. It's around 138 So this dip tells me essentially one thing That we are having a breakdown, but right away if you look at How this Right section over here works We dip We know that support so the support you can see right here in the chart right this gray area And as soon as we have that We start having what a reclaim of that resistance Now becoming support We start consolidating over here and you can see this cup pattern with the break of 144 145 That's a reversal pattern And it's a reversal pattern that you will see At least I probably saw from starting the year 20 times The last one that I saw was actually on Tesla a few days ago And I really like to trade it because it gives me a low risk and a possible great A risk for war ratio or I'm doing something actually some glutamine and BCA really keeps my mind incarnating really keeps my mind going when I'm trading a little bit of coffee All of this move right here was essentially full of manipulation I'll go over here Breaking down supports and purpose trap again first of all bulls Making the stop out and also inviting shores to jump in Thinking this was the easy fail Nothing of this The big main agenda looking to push as high as possible to the daily area back to the daily was saying before 260 this morning so I can Get back over here to the watch list. This is my watch list I made over here at nine. Sorry a 57 Daily level 220 to 60 Gap and crap to shore for our adf adf means all they fail Okay, so looking at this pattern traders. I don't actually want to Look for a long I was said only said beware of the volume because volume is the main essence Uh to understand to get the order of flow The direction of the move And you can see this 260 that I learned in 220 for a certain reasons So we're gonna cancel this. So remember I said 220 to 60 The daily level doesn't lie I was seeing the support over here. It's just a technical support, right? And this is called point of intersection So it's a level that I love to use when I'm trading stocks And we can see that it was the main dip in the main resistance at 260 The other level that I was alerting this morning was 220 Was This level over here. Why dip over here and the top over here So when the stock started to fly Because this was really flying Up from yesterday something like 150. I believe this is what you can call fly We can understand over here I'm gonna write over here. So Bull trap No bear trap. So we have a bear trap sell stop short invited To jump in I cannot rate right to jump in And this is the main theory for the agenda big hands Have in mind The point is to control the flow and rip it using liquidity provided by short sellers For a major squeeze Is it clear guys? This is the agenda Okay, this is the agenda Then over here remember That we have a few things dilution So we have a shelf We have warrants What does it mean? We're gonna try to raise right? They are going to try to raise as much As they can Being they have low cash low cash available right So knowing this traders we're gonna start To understand first of all the dynamics over here of the stock and knowing this We're gonna look to or longer the exact price using order of flow and then attacking short when we will have a bull trap and I will say short strap over here Okay, the last short trap less short covering is the best moment where to trigger your trade So this is the plan over here the bear trap is this one and over here you can see how they move basically up Makes sense guys Yeah, great great stuff, Joseph I think it's very clear If anyone has any questions, please This is the time to get it out and ask because some of this terminology here in understanding order flow and rejection here like a bear trap the market tested there it got people going short or stop them out and then it reversed heavily and understanding this phenomena in the order flow is essential when you understand it you can trade it Exactly and that's the reason why a trader that the day was asking me Jay Is it more important to have a readout tape or the reader of the world flow Well, the tape I still use the tape, I teach the tape but looking at your level two in the moment that we had the bull trap I couldn't know if at two dollars or eventually 250 I had liquidity placed I don't have a level three I'm not an institutional the first I can have is readout flow which will give me a clear read where to wait for the exact price to start looking for a short rather than that I can have my daily levels but without volume the levels mean nothing so it's the combination or confluence of signals to give me the better risk or ratio possible for my trade Yeah, absolutely Yeah, Joseph, I've got some new tools I've got to demo for you as well I think you're really good Okay, always on surprise Bruce Thank you, Merry Christmas Exactly Exactly Alright guys so I'm gonna move on over here to the actual price section that we're having in this moment over here We do have, Joseph, a good question here from Morgan about explaining, can you explain shorting after halts what is your game plan thought process when coming out of a halt what would make you not want to short after this halt It's a really good question I actually had something similar after watching some of your videos our analysis Okay we're gonna do this so this is the level of halt over here you can see traders 945, 950 so band over here halts at 239 generally we have halts of 5 minutes or 10 minutes it really depends price section is here 240 you can see on book map on the left we have the sideline and I'm gonna just put over here 2 seconds this one second so this time is 950s so I'm gonna share what I do on the halts first of all I mark my level of halt over here same that we have on book map okay the second thing is I start looking for the next daily level remember what we had 260 this from the watslist at 857am New York time explained at the open I'm looking for two main price action scenarios if we take this bar and we try to understand how this bar went this bar this is the halt level and it dipped it dipped and then it made a process of push made a process of push and then on the next bar we opened it popped and it start to fail start to fail and then we broke this low and we start to unwind so we can see that after the gate we held the halt level so and we start pushing it so in this case I rather wait than taking a starter in my case this morning you can see the chart that I posted with all the processing smoke improvement also I posted in book map I put the screenshots I took some fillers over here less than 10% I was waiting over here to see a major stuff because the daily level and then I had a confirmation with this point over here so this is what I essentially call pop and fill if you hear me calling a pop and fill the gate after halt means that I'm highly interested in shorting the stock for reason of a halt down or an unwind so main points halt level daily level next to the halt looking for the price action looking for lower highs never reclaim of the relative high of the period and then simply unwind we're short from the 249s risking 265s taking the first part over here in the 190s pretty good risk-reward ratio and now I'm looking traders for the low over here is 0.86 0.90 0.86 we had the 120 but if you recall over here the 120 it simply went away and they canceled this 120 so we'll see if they rejoin with the 120 or possibly they move over here 160 165 any questions on eBeth you're free to ask over here I don't see any questions yet I think you got it next one of the morning we can look at MGAM but this is my tool Tesla so plan this morning even here I share my chart traders this morning I shorted exactly where I'm pointing and I cover down here and then I simply wait it over here no more trades I reshorter over here around 173 and 35 covered down here and now simply wait I'm going to explain a few things for the big cap traders so who's looking into trade Tesla on a daily basis and we're going to look through the price section in the next 30 minutes together and if you have questions please reach out so what you can tell me we're talking about the price action over here how is Tesla today versus how was yesterday or the days before no range and no trend a day that Tesla is trending is this day over here we're talking about 27 is this day over here we're talking about the 30th is this day over here we're talking about the 31st we're talking a range at least for now with essentially the weekly point of control 172 acting as the main support and the pivot point over here at the 177 working as a main resistance ok now what I did today was essentially looking for a field of the gate and looking for a structure that I like which is very similar what we traded on EBIT ok so at the open we had one thing we had a major we had a major pop you can see here traders this is 930 we had a major pop these level I traced from pre-market so we can see that right away we go to this level and start rejecting next bar so this bar becomes over here an engulfing becomes over here an outside bar of this one we're to the previous support that again these levels I traced from the pre-market or previous days consolidation here so essentially 950 we're starting to hold over here the slow and I was looking so I'm going to put this up and I was looking over here at this level this level here so it doesn't mean simply have book map and I will join over here along because there's support but that together with the read over the flow price action together with my chart patterns over here ok that can become a potentially good sign for me of reversal if you see over here we have what I call a stair step down pattern so we can see the price being guided down and we have a contraction of here the volume so the volume gets contracted you can see over here that by 950 there's a contraction the volume right this is a contraction so it means that they're going to possibly look for an explosion in volume if we take one of the two directions wedge this is a wedge formed by lower highs and higher lows at a certain point over here look this liquidity that is guiding down I believe this is a good algo over here like somebody is really using this as a main tool to guide the price where he wants and I believe that possibly he's loading over here along so this is a nice structure over here to start ripping off retailers right let him and do what they what the begins want so over here we have a stair step down pattern right and we're going to put this over here here here and here and at a certain point we cancel that and we start putting that dip so we can put out two things over here over here we're going to put so algo pushing down price stair step down pattern let's see if I can take off only this I'm going to put it back algo pushing down price stair step down pattern here we can see a book map so algo topping out price and pushing back down pushing down the price over here at a certain point over here we have I believe the shift bias short to long and we don't see anymore the main seller so there's a big possible over here there's a big possibility that over here big hands accumulate now at these lows using the algo to push down liquidity that's a very very good you know change over here of bias okay so we have over here the price that is pushing first down and then over here we have the price pushing back up so shift of bias over here Joseph when you're finished keep these charts up I have some comments to make excellent example I will post over here in in the book map room perfect so this is our trend line and you know all traders it's always like you know obvious when you trace a trend line right and how many times you have to trace a trend line and then the trend line doesn't work and it's true because I can make a trend line in 50 or 100 different ways and sometimes it will be perfect sometimes it will be like wow that didn't work that didn't work and then you find out that worked so what I have to do in this case the trend line means nothing if I don't have over here the read of the flow that you can see on book map so look the move over here so this is essentially and this is perfect if you read this it's a big hand ideally an algorithm they're pushing down on purpose over here the liquidity because in my way of thinking this they're not really selling in my way of thinking they're more over here collecting at these prices so accumulating for then clearing that liquidity they were putting and then just like squeezing everybody that's the most beautiful way to make money in the market if you're a big hand okay so over here we're gonna put an example and then we're gonna cover a few questions with Bruce so we're gonna put over here two points this is the first point we're gonna put like this one and then two and now we're gonna put one and we're gonna write about the one so the one we have the big hands using algos to push down price and inviting traders to sell their position for their size their shares two at the same time we believe the big hands are accumulating with this step down pattern at lows tons of liquidity for then basically cancelling their offers and squeezing out so what is the outcome short squeezed long czar stopping out and the big hands have simply very good risk-reward ratio so I'm uploading now this is how you read manipulation okay we're gonna put over here in book map so this is the way let me put over here Tesla manipulation with Bruce any question Bruce you were saying buddy yeah I mean just I mean side by side examples like this is just beautiful I mean like this is why I'm passionate about this product look how much it helped you here look at look how much it told you what's actually happening in the market and look how you can use this to make a better trading decision it's all there look at the candlestick chart and can you see any of that any of that kind of market transparency in that candlestick chart you can't so this is like this doesn't happen all the time but when you start to understand some of these elements in the order flow this is a prime example of how it can help you I believe Bruce that mastering price action and order flow is the key in reading the market me too I'm convinced on it it's just and it's on all time frames but that's a whole nother story exactly so traders now this is 2020 but if you are part of small cap room or if you are part of book map you can see the executions so everything was made before this is just an explanation of what we did but now we want to look at the price action in this moment so let's look what now Tesla is doing and let's look first of all the levels I need to see over here the bigger picture one side I have book map you can see that I have main support 171 now I'm zooming out and I'm looking for the 170 then you can see a major support 168, 166, 165 and below the main liquidity is between 155, 176 178, 180 so these are the major levels that are playing on our chart now on the break of this 171 where is my next target 170 we have two main support over here and this is very logic two main support in this area then I'm looking that if we break this low we are going to shift into low volume node scenario on volume profile and next target going to be 165, 166 where you see this liquidity on book map so book map below 170 we can have a straight unwind to this 165, 166 this is based on analysis of course we have to see during the inter-day session what is going to be over here the legitimacy of these patterns to get rid of the flow if these will change what we have like if an institutional jumps in news market and so on in this case scenario I'm looking at the previous day levels as a main guide and as main targets 165 you can see we have this narrow consolidation so this is the low, this will be the 165 that I see on book map over here 170 we have this main support dip, you can see yesterday it was a pretty good level and we have the main so am I going to long over here in the dip just looking at this pattern well book map tells me we have a support but too long I need also my pattern so I'm not going to long over here unless I have my pattern I'm staying with the trend trend that was formed today on the break of this level now a lot of traders will tell me J but this is 2020 well 2020 not really because over here I have my system telling me over here that we're going to go short Jaylen's forecasting over here for Dumwind book map useful for timing my entries and then all the rest was shared while I was doing this live main key in reading this is looking also at yes and now we have an yes that is pretty weak today we rejected 4090 these were the levels that I had traced this morning looking at hourly these are the levels now expect 4060 over here yes 460, 456 will be the main target so we have a major fail follow through today what means fail follow through it wasn't able to push to this previous high 4091 we have an unwind reversal the market structure and now simply unwinding through this main target we can stay on Tesla over here simply unwinding good and we're going to look for possible entries let's zoom in over here on Tesla we know already 170 168 and 165 the levels that I'm interested into for 170 just now you can see it bounce for me it's not sufficient to see a bounce over here to get along if I don't have my strategy triggering of course Booker tells me this is a pretty good support doesn't mean it's going to hold just tell me we have liquidity over there it's a good spot where we have possibly the buyers good for them I'm waiting for my strategy I'm now only trying following this I'm trying following today we're still following yes yes it's still unwinding reason for me to stay in short on this and holding until I don't have a reversal pattern to get out of the position bounce 170.50 and it just picture perfect you can see it just picture perfect we have the level we have the pivot we have over here the book map level all together now it's bouncing good I'm not short I'm not long I'm waiting over here my position yeah beauty Joseph it's a pretty good bounce one buckle here up we have support 170 we have a resistance now 172 I'm going to look if we have a bear pattern to short if you're short traders this could be a good add so we'll see then back again down from that 171 you can see the fail a lot of sellers over here I think we're going to get back to 170 now more liquidity jumping over here 170.85 again I stick to the main trend if I don't have a reversal it's an error reversal setup right so I expect this to see it back at the 170 over here more buyers came in the 170.50 we're breaking the previous sort of the high 171.20 main resistance 172 so I'm not touching over here anything how would I look look to long over here this day well for now I'm just like short buyers because I'm following over here the trend which is formed by lower highs lower lows so we have over here high section just formula or highs lower lows so we are in a bearish in today scenario only in the reclaim over here 172 so this level over here and a sequence of higher lows I will start looking for long for now we're just looking over here for possible levels we're too short enjoying over here the trend as I said this morning I was short from the 175 and 70s here sorry here add over here short color down here we added over here short color down here and here and then of course we're joined over here book map so I missed this last part over here the move but I mean was already done 1030 it's fine for me to you know close the morning over here trading the pre-market the first two hours pre-market and the first hour over here after this is the price section some of you traders will use probably indicators like fractals or zigzag indicators or all of this and the best way is to do it yourself like I just did so annotate on your charts it's very very important yeah beautiful Joseph thank you Bruce at this point again retesting that 170.70 pre-support but again lower highs lower lows there's no really meaning difficulty over here at the same time we're managing the position on EBET from the 249 now 191 192 we're staying with the target as we explained before down in that 120 and 090 let's look one second at the market what we're doing today meta less volatility over here you can see they just pushed and didn't like and whined like Tesla's doing Amazon a little bit of sideways action yes we saw before breakdown and here over here same breakdown YM over here breakdown and then we have our stocks EBET oh this is beautiful stuff it wants everyone in 30s EBET over here daily resistance that over highs or lows now we're looking for and whined ideally 120s we're just simply holding this no reason to panic or get out from a position that is actually working let's zoom in the last the last fraction we hear the move so it's breaking it's high and right away stuffed into and again you can see sellers jumping in every single pop right just right now it tried to push over here once everyone in 24 a big seller joined in and they're using this level once everyone in 40 once everyone in 30 over here okay so let's look at this once it was 1 in 04, 05 and bounce from that liquidity like a magnet trader simply like a magnet you see that just like a magnet is this a good level too long? no not yet I'm staying with the trend still lower highs or lows in the trend of today yeah Joseph would love to see a stuff right up above this and a rejection yeah just like now you see Bruce really read this pretty good this is Jay Slim it's a pattern that I trade who knows me Jay Slim you can see I fake out this move once everyone in 40s thoughts to the here that was the one in 50s liquidity 14,000 not usually but still there and rejected again I'm not taking short I'm not entering a position just waiting over here yes the same thing so confirmation this is EBT so high liquidity stacked above yeah it's a big question we have FOMC and a few hours and it's just at 2 o'clock right Bruce? yeah 2 o'clock I was looking this morning the the news that we had during the day I can bring it up to seconds it's always important to no traders of course I mean you don't really care when you trade small caps because they really move and that's really looking at what the impact of the news over here so this is what we have today 2 o'clock FOMC and then also there was looking at we had the jobs over here Crudo on inventory is 1030 so some news we're getting over here above the previous resistance going back to Tesla yes it's guiding over here Tesla yeah Joseph just a note I'm sorry I forgot to tell you earlier we will have to have a hard stop at 1130 within about 15 minutes or so but whenever you're finished between now and then whatever you prefer okay okay we can do over here another couple of minutes I was looking over here the price section here I like this price section on Tesla and I believe we can go back over here to the 172 now I actually think that has a little bit of legs yes possible now 4075 and Tesla over here possible 172 nice curl as I got to the 171 in 90 the 475 guys I put Joseph's info in the chat if you want to reach out to him directly once we do hit and yes gonna probably get to 475 so we have a first resistance over here 172 remember traders this is the level of resistance we had before look at these dips over here so these dips means that we had a buyer over here right so now we could see a seller 172 if reclaiming setting consolidates then this will act on support and next are gonna be 173 and 50 alright guys Bruce 1120 think we can wrap it up over here for the day what do you think yeah yeah I think so I'm really curious to see if this stuff works out here I think you got it but anyway yeah look for 170 shortly I think who cares like what I think anyway sounds good Joseph thank you it's great to be back with you and we'll wrap up and guys I put Joseph's contact information in there if you want to reach out to him he does offer mentorship and you can check him out there please subscribe to the channel and give us a like here that really helps and the James is asking about the SI tool alright James reach out to us in Discord and we can answer you there but no I think that's it Joseph thanks so much perfect Bruce thank you traders see you next week risk always have always a risk in place remember and take care thank you very much