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[/et_pb_code][et_pb_text _builder_version=”4.8.1″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]All right, good day, folks this year, a free video today for Friday, October 8, and I just got didn’t shoot this video for a member and I liked it so much that I thought I would share it with the rest of the community. So here we are looking at a weekly and then a daily chart of weebo wb. So we’ve got the weekly over here on the left, and the daily over here on the right, so what I was doing is kind of breaking down the process that I go through with each and every trade, starting with the higher timeframe analysis going down to the lower timeframe now, as I mentioned, and the other video is that we do want to always be cognizant of the higher timeframe, the higher timeframe trend, other significant swing highs and swing lows. So really starting with the monthly and then the week, they go down to the weekly and then the daily for execution. And if you’re really active, you can get down into the even lower timeframes, which I do for the futures and currency markets. So going back here on the weekly, the process is pretty simple is that we are identifying key areas of structure areas where the market has really blasted out with big buying pressure or, or selling pressure causing new highs or new lows from where they presently had been on a longer timeframe. So this is an area that I had drawn out, you know, really weeks in advance on a weekly chart, it could be weeks or months for us to come back down to a particular area or come up to a particular area to even consider being interested in that market. So this is an area that I had drawn out here. Why because this market was consolidating, it broke out and it broke out with a lot of buys strength here taking out these highs. And you can see this, these huge bars here, a buyer. So this is an area of interest that I would want to consider being long if the market came back to that level, which you can clearly see it did. And this area right here is another area of interest. Even though we did not come and take out these swing lows, we did, basically the sellers came in and they’re reversed. I mean, there’s a lot of buyers coming in here. And then the sellers for whatever reason, stop those buyers from going higher, and they push the market down. So this is another area that we want to pay attention to. So there’s a market came back down, which it did to this area here in May, I’m drilling down to the lower timeframes, looking for entries what I call a kind of like a sniper entry where I can get in with really tight risk and have a really nice risk reward ratio. So here we came down. And we touched this area of structure, which is basically this pin bar right here on the weekly, we came down here in earnings of all things caused it to is the reason it caused the price to come tagged this area, I would prefer to see it trade down into this area. But that’s okay, we touched it. And now I’m looking for bullish divergence signals will What do you know I’ve got a bullish divergence buy signal right here. And I can step into this market with confidence with very tight risk and looking to take it to the next level. So my risk reward here might be three to one or two, one, I’m not real sure. But I can buy the stock and buy call options or sell bull put credit spreads. And then notice that we did take a level level and we came back up into this area that we had already previously identified. But this time the sell side, we know that this area could cause problems here. If we took out these highs with great force, then that resistance would then become support. But notice what happened we flew up here for whatever reason I don’t care some fundamental reason it don’t know. But then we get tired, we started getting weaker here weaker here. And then we started getting bearish divergence signals, that’s our key or a clue that we might want to step in and sell this thing. And I just use for my extra confirmation is just a simple trendline we get the break of the trend line here. And I can come sell bear call spreads, I can buy put options or sell the stock knowing that my risk is very tight up here, just what few bucks, and I’m looking to take it back down to the next level, which is what we did.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
