Price Action Rose - Brooks Trading Room November 12, 2024

Bull bar and you can see if a strong close like bar one suddenly the Bulls are buying the close of it they're betting against the market either they're bunch of Traders are stuck here they're buying low and trying to get back to where they bought [Music] morning everyone this is Rose today is November 12th Tuesday 1 minute after 9:00 a.m. eastern time welcome to the Brooks price action trade room and just the housekeeping items uh let's take a look at the news today today is Tuesday so there's not much going on here until 2m we

have uh fed member Neil kashgar is going to speak so is that's kind of important but that's late in the afternoon nothing really scheduled is early this morning so at 10:00 uh Alo is probably going to think to 10 a.m. some kind of news is released so you we might get some volatility but Nothing really scheduled so we don't need to worry about everything all the news is for this week is starting tomorrow CPI 8:30 a.m. uh fed members are several different fed fed members starting uh in the morning 9:45 all the way to the

afternoon afternoon and then treasury statement in the afternoon and then Thursday uh big news again job CLA jobs uh jobless claims on PPI final demand is if you're trading oil you have the status report coming up at 11: Jem Powell is scheduled to speak at 3 p.m. uh followed by other fed members and then of course Friday we have the retail sales you have H import export and industrial production and business inventory so starting tomorrow we're going to a lot of um probably starting some kind of volatility but today not much going on um okay

so we don't need to worry about that now yesterday we started above high of Friday but we couldn't Stay above the high of Friday so you can see right here bar one is a bare bar but if anyone already buying stuck pretty much there and they're probably going to buy to break even just get back up again and that's why you're getting bar two bull bar and you can see if a strong close life bar one suddenly the Bulls are buying the close of it they're betting against the market either they a bunch of Traders

are stuck here they're buying low and trying to get back to Where they bought is or we're going to have a opening uh range whether it's three bars four bars six bars seven bars 10 bars 11 bars whatever could last um only 15 minutes half hour or 1 hour so you have three bars right here so down on this upper pull on this down on this again and there bears Bulls are trapped there and you can see right here bears are selling when a bar does this you have a high there and you have a

mid and then you have another high right so to Me the Bulls exited there and you have an outside down bar strong so I'm selling I'm selling the close of the spar right away and I'm going to put my stop there I'm going to go for one R and there some profit taking at half far um maybe a sculping you could see they they've been sculping with four five and six and then is we closed the bare bar seven so that is the news bar so Market sees this as a leg one and a pull

back in a leg two and a pull back in a leg Three and you have a wedge bottom for8 and 11 nothing's closing below one R I'm not seeing continuation and I cannot linger and you can see that these cell um uh there's there's nobody selling obviously everybody's taking profit at the moving average is Bear's got low two there and the low two is failing so um you have Micro double top here and be sold is neckline to break of the neckline expect a you can also do a measured move so you can definitely get

The break out of the third bar and go for a measurement and be out but obviously you're not going to sell there you're just going to sell here so you get a better price um now that you have three three legs down and the low two failed um and is Bulls are now buying uh you have um the high one high two set up right here so you have um the first time the bar went above the prior bar side and the second time it went above um right there so you're entering one tick Above

bar 11 okay because bar 12 went above it so you what you're doing is you're trailing your by stop above bars until you get filled and bar 12 is filling you but it closes be so I'm sure it gave everybody a quick heart attack there and then but you shouldn't be exiting out you have a wide stop you're looking for at least two legs up because Market made three legs down so you have also three legs here when you have a wedge what are you looking for well um Let me see here if I have

the tool so you have a wedge here right and this is the final leg so basically you're looking for a market to come down okay to this right here but this is for obviously bare selling what about the Bulls so same thing right and you have the third leg right here so what are you looking for if you enter with the second um entry long you're looking for this right here to be tested and then quick pullback and then You want Market to get back here if the Gap here is too strong okay then you're

going to see a either a quick micro wedge top or double top and reverse back down which can create a bare flag and look at look at right here so you have a leg one pull back leg two pull back leg three now we're going up right so we're going there we're probably going to go and test around here right so it actually went up so you have the big down and kind of a big up and confusion And now we have a double top we ended up going and testing starting point of the wedge

which was right around here so is several legs down probably sellers are waiting there and the first sell really nice but you are in a trading range so is you got to be careful here any strong Bear bar bars uh will be sold just like any strong bull bars uh I'm sorry any strong bear bars will be bought just like any strong bull bars will be sold right so there you go so we have we are At the top of a trading range most likely is Bears waiting there because they've sold pretty strong but problem

here is that there was a bit of a gap here and then the Bulls closed that Gap so how strong are the Bears low two failed now you have high two and um is it going to break out that's what the Bulls want but when you have strong three legs down like that probably sellers are waiting they're going to try to sell twice that's your first sell That's your second sell right you don't want to sell this right away because you're in a trading range we're testing at to 50% of this trading range and lower

so if you divide this trading range into three sections right is at the bottom is your buy Zone they're buying again so first time the Bears try now these Bears will try again because they probably most likely um sold the close of 15 but when you sell the first sell you're going to have to sell at the High again so this on its own bar 15 a trading range bar okay um although it's outside down bar but your contact is you're in a trading range so probably it's a leg in a trading range so when

we test the highs again most likely these Bears stuck here will sell and they're going to try to bring it back down to where they got stuck whether it's um the close of 15 or the low of 15 so we've done all of that so I'm looking for several legs down bar 18 possible Reversal if we're not going to break out we're definitely going to reverse so is but not a good is bar 19 is not a good sell signal bar I'm looking for a better bar I'm in a trading range here so not all

that great 1 two 3 four I generally look for three bars inside a strong range bar like 15 to fail at the highs and the Bears to sell so bears are selling but bar um 20 is not all that great but bears are in a mission now you get the bar 21 you got expect another Continuation of leg down why is that think of it bar 21 as a um follow through but really it's momentum it's telling you listen we need to sell we need to get back to the 15 close because we are stuck

there we were too naive to sell the 15 in a trading range right so we sold higher and we want to get the average or the full break even so I expect the follow through which is bar 22 is the actual follow through and a pullback and a next leg down so you have Two legs down right there right and Market it's also think of this as three legs leg one leg two doesn't matter if this bar goes one tick above the leg one that's still leg two and leg three so it's kind of a

wedge um but it's a very complex one but we come down or right here you have leg one pull back leg two pull back leg three so you have also um wedge there with the 20 22 24 U marker double bottom 24 and 25 lower low and um so it's trying to go up not the lower Low to this but um in this area so we took out the 15 low bears made money and they're exiting out now but you're you're buying against one two 3 4 five micro bear Channel probably sellers um not so

far away even though we have uh broken the um channel line right there right so doesn't matter is they're probably going to sell because you're stuck in this trading range it is a triangle and uh we're making bunch of double to tops here so bare SE um as Look we've already made a high we're not able to get above the high of yesterday so it's and it's been 18 bars it's probably uh this is the high of today and we might actually mark it up and Target this area so I was long up until a

bar 30 3132 I did not like what was going on here is we're not breaking above anything is we're not taking out these lower highs we're making now lower highs and is Ms are not getting um good Entries up because you're going against this right there so that means bears are looking for some kind of a double top and bare flag to sell so maybe one two three or one and two double top 26 and uh 31 and two consecutive bear bars a good close below the moving average and that is first entry short um

28 went one tick below you have a quick rally here pull back and the first entry going um breaching um below the low of Prior bar Bear bar and then the second pullback um Bears are G Bulls are giv up so you have a really good U be bar closing 31 I'm looking for an entry so I exit out of my long enter with short so I am looking for 32 I sold a 32 I can quickly put my stop there but not a good place to put the stop why because we taking out this

low so this is they can come in um run my stop so better to measure from there right it and extends your profit taking so I'm going for this Target and uh here it comes and Market is coming down this Is nice but remember you're still in the trading range most likely buyers down somewhere down eight low 11 Low waiting so I'm expecting Market to come to the one R we did come to the one R and bar actually bar 40 close below it this is where we got into a stop order Market which is

great is you also have um another channel here right and the first bar that breaks the channel you can put a cell either you can sell at the high of that bar or the um underneath the bar Uh expect another Channel down look there's another one and it's like three bars right there this is a great entry to sell right so you're getting bunch of bare Flags this is an implied bare flag but it's coming down 40 closed below the 1 R so now I'm targeting um two R in fact we actually have I believe

almost three R but you can at that point measure for measure move Target so I can maybe take that since that's a body or I can take this but we never got there I Measured it from here so is it was I put the stop right there I measured it from here but unfortunately um I didn't get um full full cover of um tagging of the measured move Target but it was close enough and I was done with that is because why am I why am I done with that why am I not expecting follow

through selling here you got to look at the whole chart as a bird's eye view perspective okay you you're getting on if you are looking at a chart like this Okay is look I'm not saying go and spend ton of money on a huge monitor but you are not doing yourself a um good service if you're only focusing on this you need a bigger context is right so is the reason why we trade S&P uh or the Futures chart because of the continuation okay is so we're trading only one asset uh one market is and

we're trading the US session so that means is what happened before is important Market has been very bullish But every time look how strong the bull channels were the breakouts right and it turns into a market cycle says a strong breakout channel it's going to go into um you know probably trading range it breaks out so it's probably going into uh tight Channel bull Channel and then maybe a broader Channel but this one is keep climbing after making some trading ranges and trapping the Bears trying to sell keep marking up so you got to see

the contact so what we're having here is A much stronger trading range okay we did not have a trading range this strong before look at these maybe here but it higher lows now we're um going higher but now we're making lower so what you're seeing here is a a value buy okay Bulls are still buying here now after hours is we closed around here which is this one okay hold it looks a little bit hang on a minute so all right so it this is the 15 minute so we did come down and closed right

There and we went sideways okay came down make a double made a double body and then now we're trying to it's an expanding triangle so you have you have that and most likely take this Bulls are trying to probably get up there and test that trend line so that means um Globex range is um very tight so we can actually double this range to the up or down no one nobody wants to Sell here um experienced Traders they don't like the sell lower so they are looking for a pullback so that means is if anybody

is looking for continuation um but um this bare flag might be failing here so that means they're looking for a pullback into some area that area is here which aligns very well with that trend line expanding trend line and we could definitely get up there so I'm going to use the Asia um Low and Asia mid session as the Apex of this triangle and I'm going to look for Bulls to break above the Globex high and then get up to somewhere here and then I'm going to look for sellers again now we'll see um Bears

what if we can't go what if we start to um stay below the mid Asia which is important range for it Banks okay is it's the first range of the day okay starts before midnight it before London session so this is an important range that's why I mark it on My 15minute chart and anytime we're above it um I look for bullishness anytime we're below the mid level of the Asia range I look for bearishness okay so is this is the London High uh we have already went up and tested the London high so us

session started already so um um it's it can start 8:30 doesn't need to start 9:30 yes the rth starts 9:30 but it's a lot of news and whatnot Market gets us session gets a little bit um hectic right around 8:30 so you can See that we've tested it we didn't really go and test one TI above Bulls can still go on test unless we make a double bottom and start to close bear bars then I'm going to Target this area but we're in the middle but closer to the high of Globex I really like the

SE bulls actually get a breakout get us up here so uh we might need to go and break above the Asia High okay so you can see right here if you based um your measured move based upon the Asia look we came Very close to the measured move Target right there and now I'm going to do the same thing for the upside so if we break out I'm targeting this mid-range 3775 and I'm targeting 4 three so let's go Bulls at least let's get the first sculp Target 3550 area there might be some sellers there

but if we get above it we're probably going to mark up more is so now we're in a trading range uh price is 6027 75 I got to turn these yellow I Don't like I like the current price yellow but anyway I'll do that later is all right so we're going to open up around here so let me get my levels very important is before the Market opens you're going to get your levels is marked so here is the high of yesterday here is the close of yesterday okay uh I'll move this for now because

that's going to be the open of the day we're going to open up somewhere Here and I'll adjust it uh here is the low of yesterday okay we do have a ledge that we left behind Market could still Target this area we have been trying to get down to that level but seem to be is maybe if what if we sell what if we come down well Market definitely wants to get back to the 6,000 um we had a hard time breaking making new highs and I'm going to talk about that in a second is

here is the Daily we tested another Target we've been up and up and up actually um we could still go up but on the hourly this is last week's range right here okay I measured the last week's range Monday Tuesday Wednesday Thursday and Friday and uh we're so high if Market really wants to mark up the prices okay they need to break above quickly like this if this is a value buy okay is and um Bulls momentum Bulls are still holding I understand but the Breakout is really bad so if we need another breakout bullbar

we need bull bars in on the hourly chart taking out the yesterday's first hour and I'm closing bullbar then um the momentum bulls will take their stop from underneath here most likely to put underneath this higher low but is you should they should never have it there because if we start to come down we're going to run those stops but there are buyers here because we have a really Good breakout here most likely even if we come down to the moving average there will be buyers now we can come down that's where the 6,000 plays

a role we could test around the 6,000 bounce again that will give us a one two three wedge bottom yesterday's one um bar one low um bar four low to days one or uh first hour or the second hour low and then we could reverse back up so um or uh we could become bullish go up make a higher high double top and then make uh our way Down make a lower high and then come down uh I don't know so we'll see about that we are at the resistance right now I need to see

a first hour close really bearish with a strong club uh bare body then I would expect the second hour to test it slow and that could get us down somewhere here now that that'll uh we'll know about that on the Globex chart um because we are at a critical level ke level I call these the mid mid Asia this is um midnight open for us so it's Important that makes the key level for me so we are right there and the market is deciding we have an outside down bar be bar we have a double

top maybe triple top one two three so if we start to close bare bars we could definitely come down and test these this um tin bars low and then find look for buyers maybe go back up but that would form a lower high and then we could sell and then we would have a be bar on the hourly and that could that can bring us down to the Ledge and further down to 6,000 before we reverse back up we have quite a bit of gaps we closed this Gap now we went back up we're at

the again some kind of a expanding triangle we're right at the uh apexx is if we stay below the Apex of that triangle will come down we could make a wedge bottom with this that and maybe somewhere here uh so it's I think it's going to be an inside open inside of the yesterday's range uh We'll see a flag here uh they tried to break out um at the end of the day but they sure failed didn't do all that great so um I told everybody I'm no longer trading this this is just too much

I expected Bulls to go higher and test this right here this was the area I wanted to be tested which we did but it was just too late it was after 4M there's no way I'm trading that so I ended up not trading anything it just stopped trading right around here so it I sold here it I vot here so and then double top you do have to need to take profit there Bulls were looking for a cup and handle but um unfortunately it failed once we take out the neckline 2425 low with a strong

bar 34 expect a follow through selling this is your small trading range right here right you can um double it down if you like I will give you two R it that's the easiest way to measure for um rewards you have a huge bar here look um Bulls got stuck up Here right they kept buying and buying they got stuck above 24 um they got stuck above um uh 29 and uh give up bar 34 they try to buy scale in there's no way once the these lows are taken out you got to exit out

of this because this is going to sell and but anyone who's still holding they're scaling in there's another one they now it's the second time they scaled then now Bulls are upset and they're looking for maybe we can buy From the low I said um watch two points or five points two point buyers right there and then a fiveo uh it actually bar Clos right around there so he's a five 525 five point and a quarter so the buyer started to enter from the prior low looking to get back into this uh Gap again so

is what you're looking for is a retail Trader a strong bar like 48 and if you were stuck up here maybe up there right you measure from there we got an 80% probability right here we were long and we took profit now the 60% probability they haven't gotten it yet okay even on the is on the premarket session they didn't but this is pretty much done but if you're trading this session and you're still holding you're basically waiting for a market to whether either get on the 24 high or the 29 high and we accelerate

right there okay because that is the 60% probability if you want to learn more about this is Go to the Brooks trading course.com okay go to the Brooks trading course.com and type London and search and watch this video um this is El's presentation at a major seminar um um hosted by Tom hugard I believe and um go watch this and someone around here L actually talks about the scale how to scale in um set multiple times and what kind of bars to look for that bar right here bar 48 is this bar okay and that

is um that actually went Right back up and gave us a 60% probability we had the 80 right here they might be still going for 60 and we'll see but uh watch that video it's free it's um available on the Brooks trading course.com if you don't have access to the trading course but obviously you should get the access to the trading course anyway um all right so we did open inside I'm going to is get rid of this obviously I'm not stuck is and I'm not one of those Bulls Looking for that 60% probability we

already got our um Target there and the market went sideways is but you do have a gap here um and Bulls kept that Gap you have a more than 20 bars sideways is it's going to break out somehow it did now it's coming back down Bears trying to close the gap that means they have to close a bear bar somewhere around the 78 open is or 70 um 77 open to close that Gap and continue to sell that could create some kind of a Head and shoulders pattern left shoulder head go back and make a

right shoulder and they could sell bar see a bare flag here a bull Channel like this lasting this long um too many bars could be actually a bare flag instead so I'm counting one two three unders shoot and overshoot and uh no follow through for the bullbar 78 is so either they're buyers here and they're going to prevent this Gap from closing or we're going to close the gap we're going to come down And test around 7678 lows bulls will buy again that could make us bounce and form that right shoulder um bears are looking

to bring Market down around this area but good luck with that there's a Gap open here and these Bulls we probably going to um try to defend all right so we have bar one I'm waiting for bar one um to close so I can position the I guess I could do that right now assuming this bar is going to close Beer so that's the open of the day so is you have is maybe what top double top lower high Bears trying to close a bare bar below the open of the day below the close of

yesterday there's not much of a information here if you're trying to trade here in the middle of this trading range it's a very difficult place to open any trade think of this as yesterday's range as your trading range you're smack in the middle of it best way to buy and sell okay either wait for Price to go up to the upper third or come down to the lower third okay so all right so we're above the 50% now and uh we did not close anything bull bearish you can't sell so Bulls are still trying to

get back to the high of 25 or 29 or the heart of or the Apex of this triangle right here um right so here we go selling began with bar 34 so we might be targeting the 34 open or the apex of the triangle which is 3775 3550 is my Target anyway so you want to take some profit there if you're already long but um you can see how Market is still trying to push higher apex of the triangle is just around there or no that won't be accurate but that will be accurate doy is

not much of a um that's A one tick body not much of an information is but we are now above it so strong buar it's trying to reach this line right there so I start from is this is a document that I read online and I get my levels from there it's published um so it's it's um so basically it's a study um it starts 700 p.m. eastern time 1900 Is and then is 1900 to 2400 so um so basically it's uh mid to midnight 7:00 p.m. to midnight uh I measure that's the range and

got to get rid of this oh I didn't want to get rid of that sorry guys that was the we can definitely test the 38 3775 yeah which is right this line that's where we're trying to tag if we get above it then we're going to um test yesterday's high so Market is Trying to become bullish but first we need to go and test the 3775 and then get above it so we are right now testing I said we're probably going to test the open of 34 which we did now so that's good they're taking

some profit there because it's the breakout of the triangle but there's not much room here so I would probably hold this so we reach that Target that I Mark premarket it can we go further Up I mean seems like that's where it's trying to go or a bit of a resistance there if I take this as an overshoot it that is it so you can have your sometimes you get these overshoots so we should definitely tag that line we trying to close this bar as high as possible with um smaller Wick but uh there's not

much time left two seconds Left to spar to close it's got an upper Wick and you know why we have that upper Wick because of bar 34 it so it is the breakout of the triangle area so some machines started to take early profit is if we do close another Bull Bar taking out most of that upper Wick um uh with bar three then that's it that's that would become the momentum and we could definitely tag here and go higher so I'm still expecting Bulls To try one more time go in a little bit more

higher at least tag that trend line unless this bar fails and then start the close bearish is at the breakout level of bar onean High Bulls are waiting to buy so if we do pull back is probably buyers at uh 6033 waiting to buy Bulls want to take out the one high is but we are reaching the upper third of this trading range so we know there are some sellers waiting there They sold several times in fact and then is if you based upon your trading range with this they bought at the lower third so

they're marking it up so we're just about there almost there back to the breakout point of high1 let's see if there are any buyers there if this is your range all right so I'm going to remove that for a second look where we are it so think of this as your boundaries right So it's 100% 33 uh 66% uh 50 in the middle 33 so you could see buyers at the lower third marked it up and now they're testing the boundary line just to show you guys the levels make that a little bit prominent so

here was three we are above the 50% of this entire range is they want to get back in here probably go to the mid-range area um but we have nothing closed above the boundary line so um sellers are eager here but let's just wait because Buyers did buy um you see bar three came down to the breakout point of I said um above bar one there might be some buyers waiting there uh bar three comes down and bounces very quickly now if we close a bullbar uh we could go higher but if we don't then

where can we go well let's see uh let's see we have maybe a leg here pull back leg two pull back leg three so bears want to come down and test the bar 81 low bar one low um Somewhere around here again but they have to keep closing bear bars and close this negative Gap so this Gap right here stays open okay um fail if Bears fail to take out the two open we could still go right back up but if we do close it then we're definitely coming down and testing the 81 low I

don't know if we can test the bar one low but um we might we just need to keep closing bear bars so and this is happening because bar one Wasn't a bull body if it was a bull body we would not have pulled back this much okay um so now everybody's scared and they're like wait we were going up well yes we were going up but this is a trading range we're open within the range of yesterday so therefore you got to divide it into three sections and see where we are we're right at the

boundary line of the upper range so this is this is a cell Zone this is do nothing this is a buy Zone you buy somewhere down Here somewhere in the 50% do nothing nothing Zone you take some profit and you leave a runner your stop is somewhere down here you're targeting this level so those who bought down here yesterday targeted that level and they actually got a nice tag the only problem um for them is that none of these bars two and three Clos the bull body so now you're getting Bears excited about it so

they're trying to close this Gap come back to the 50% close below it and they Want to come down and test here so that puts us into a um trading range so if you were still long if you were long I said take profit around 3550 we couldn't really get to that is um trend line so it's kind of a bummer but it's a morning price action it's not over yet for Bulls they're they're targeting somewhere in the middle so they're targeting this area right here I'll mark it and eventually I'll add it to the

Template so but we need bull bars get those bull bars then we're going to go and test this we start to close bull bars that's going to be my next Target there's a trading range here you can also measure that and and one of the reasons why we're also taking profit there because that was the breakout of the TR uh trading range is projected up and that was their target so either you got your target From there or there and now you know so not not able to close the bar two uh above that boundary

line you can see profit taking accelerated but if we do close Above This boundary line we're going to go up here we might even go tag that to R Bulls want to close the gap here there's a bit of a gap here with bar 34 they've tested the 34 open but no bull body close yet so what about bears can they sell well Is I need to see them is come down uh and start closing be bars below the open of the day that Gold Line and uh and then I once I start to see

bare bodies I want to see this 50% of this trading range violated and then I will look for Bears to come down and test this area we are um we broke out of the Globex range is with the first 15 minute bar we're back to where we broke out are they going to collapse back in into the key level which is right here or are we Going to close this 15 minute bar in about N9 and a half minutes above the Globex range and continue to go higher so it's important and I can see the

weakness there bears are showing some weakness here four did not close that Gap needed to close bare body somewhere around the two open so we do have a negative Gap there so if we don't get this bar inside bar five Clos bearish bulls will take over or they will try to go and test a high again which is too High but if they do close a bear bar then you know what could happen or what will happen so we have a um somewhat of a weak uh very weak um breakout is pull back here and

the market is deciding if this is a good enough pull back it is kind of a two legs think of this as a down up down so this is the second leg for bears and we're stuck inside the bar two range so what does that mean if we get three bars to downside that's a Three Bear bar cell failure Bulls can come in and um go and test and close a bull bar and test somewhere up here Bull's trying to trap the Bears um at the lower third of trading range bar two that is the

outside bar followed by an inside bar so lower third that's your micro um trading range within a bigger trading range so if you're looking for an entry uh expect bar two okay uh low lower third buyers and those buyers did show up so hands bar four lower Wick if They close this bar five above the midpoint of bar two we're going to go higher we're going to go and test um upper third of bar two so I want to see this bar close bullish I might quickly buy and expect the high of bar two tested

but if it fails not interested at all because I'm kind of late I should have put a buy order at the lower third limit buy I would have been already sculping and then leaving a runner so if you buy In the middle I I'm not so sure um not without the close of the bar I'm not interested so the midpoint of bar two is 3350 60 3350 I need a bull close above 3350 I get that and uh I'm going to have an interest from Bulls wanting to test the high of two limit Bulls already

bought it so they're sculping a few points because they know they're at the middle of this trading range bar which is two and some will say how's that a trading range we have a Breakout and closed on its side well look at the behavior you get a breakout here from yesterday and two legs down and a horrible breakout no follow through and now you have three bars inside stuck of bar two so you're in a trading range here okay small trading range and you're in a bigger trading range mid mid-range so it's very difficult to

um think that there is a stop order Market no it's a limit order market so Bulls buying and Sculping so you have no choice but to sculp a few points since ATR is four it's not 425 so it's only four points the he the ATR is two so if you did buy here let's do the mat say you bought um right there that's right there more than two points so you had a twoo sculp there if you do the math that's all you had and that's why we're going still sideways now the bar can close

bearish but that doesn't mean that it's going to sell it it's a three bar failure uh Within the range of bullar to Bulls can show up here but three bear bars is we could still go sideways and down um Bulls want to go and test the open and the high of bar two but I don't have the trigger I need 3350 to be breached with a bull close and there you go so the bull started to show up there but I still need the buos I can't do anything here as far as I'm concerned Bears

can go sideways and have another go and test the low of two so um I rather do nothing here yeah lucky you guys I've getting the TR traing range open which is fine but it's kind of um um pointing up so is if we start to get bull bars we can definitely test the two high and breakout so let's just give it a minute because we're only um three and a half minutes away from 10 o' Bears closed um a bear bar below the Inside bar so they want this right here to be tested this

is their target this is why I'm hesitating to do anything in the middle because if I buy right now without the 3350 breach um Bears can still sell and get their first Target here okay and that is 6030 it's um it is an uptrend So within the trading range Market is trying to reach this midpoint if we close above The boundary line it we're probably going to go higher but I yet to see a bull close and uh we still have 1 minute and 45 seconds yet to close above 3350 a bullbar 3350 is the

midpoint of bar two the bar that we are stuck inside of its range so you have three bear bars sideways and the Bears are selling above the bear bars right so you can see how we're in a Limit order market and you could see if I were to buy here how I would get trapped right there that's because Bears closed below the inside bar they want their one R and that is their one R 6030 let's see if they can get it so it's um three bear bars sideways we're still in sideways bears want down

and Bulls want to trap the Bears again but they need a Bull close Bears um can still get their target but it's you're stuck in the small trading range they have to me they have the priority here but it is 10 o'clock now so um uh fed Wallace is speaking also somewhere making comments bar six did not close above a 3350 so that's right there is a problem but it's it's it's a good thing for the Bears and they're still trying To um come down and close a bear bar but they haven't done anything so

still sideways and they want sideways and down but they should have closed bar six bearish it's the news back and forth right now that we're getting here bears want the 6030 that's their one R and that is the sideways and down price action three bear bars sideway six Down it went one tick below six low now my question is can they finish this job they just dragged it too long we trying to prevent bears from coming down and uh and go beyond the 6030 because they know if they do and close a bear bar below

one tick below bar two open is they can get a breakout and come down further to one and a half and two hour but these Bears earned this okay 630 so I did sell um that sideways price action Expected a follow through second leg and um and there you go so that is the one R right there just got the one R y'all so that's your sculp within the range of bar tube now if the Bears do get that bar closed bearish one tick below two they're going to accelerate into one and a half and

two R so one and a half is right around there so it's like 2850 or so so instead of buying is okay I ended up selling so um How did I make that determination well several times Bulls tried to get above that boundary line failed so this I'm no longer interested right this I'm not this already got a one arm what done so there you go they're going for the two R and that is where my Runner is so the 2 R is 2725 I'm one tick above there you go I just got filled excellent

now can they Exel rate doesn't come down more it just made a head and shoulders Pattern here small head and shoulders I did say that if they do close the gap here and they could come down and test the bar at one low now that's not it they're looking for this so I'm looking for 20 uh 24 60 24 test that's I don't have three R but um oh I do have three sorry three R and then the 4 r so it that's your three that's your three R right above the boundary line bears want

to test the boundry line move Underneath so I would expect them to give us the three R and then in the meantime maybe tag that black line buyers in this area but if selling continues then my next Target will be here which is also one R2 R3 r four R and five R that's your three R take some profit here we could bounce but I think we're just going to tag this anyway before bouncing we should okay excellent so I Have gotten more than but big bar should get follow through and another leg down but

it's an important area we could bounce a little bit for first because you're at a support and a boundary line is a support so what is this boundary line I'm talking about is this is in the course um trading ranges El talks about how he divides trading range into three sections so let me clean this up a little bit so is let me extend the line Okay so basically this is the trading range I'm measuring and extending right so he talks about um you know entering in the right place to is you know um just

make the best reward so you enter here and you can see it right there and um these I call these boundary lines he calls them the upper trading range starting point possibly I forgot the lingo but I call them boundary lines right so um and when we cannot go above beyond the upper boundary line and the Bulls try twice and fail we're going to reverse back into the prior one but it's generally if uh buyers were there before uh we could Bounce from there but if we close a be bar then expect follow through to

the midpoint of this lower um trading range which is where I marked eventually I'll add those levels as well so is bears want probably 4 R but they need to close a bear body here they're getting a follow through that is Fantastic right there you can also measure uh measured move right here this is probably the target so we can end up coming down and test there that is 4 R this is also 5 R so you should be making money going down um with the Bears and um I tried my best to keep you

guys not entering long there for several reasons I think I beat that dead horse back to life so hopefully nobody bought There and um finally and that was three bear bars momentum sideways and down expected except that I mean bears has really had a huge plan there so we got the 4 r 1 two 3 4 that's fantastic going to get rid of it is at this point you're trailing your stop you're looking for a 5 R but at this point I'm looking for mid-range tested mid-range of lower level we can not close on the

higher time frame we could not close above the 3550 that was profit taken again and then we collapse back inside the Globex range is so what does that mean um it means we could come down further now I need to do a little bit of adjustment here because um if I take this okay instead of just a Wix like yes this these are overshoot but doesn't matter so that means I have to adjust this one for accuracy so I'll take those and yeah we Can either there or there so I think that's even better all

right so no Bear bar closing below the boundary line they're still taking some profit here but I like to see follow through from bears because Bar Seven is um pretty strong bar however uh we could still pull back and then look for sellers there and then come down I like to see follow through so if this bar closes that bare body in about 26 then we'll definitely come down if fail to close that body we're going to go up a little bit and somewhere at the breakout test area 2650 or a little bit higher maybe

the midpoint of the barar we're probably going to get some Sellers and we can mark it down again so waiting for this bar to close Okay bar failed to close below the boundary line that means we could bounce now bears are probably at the 50% of uh bar 7 is waiting to Sell 50% of the body could even go up to the 66 but um their job is to keep the Gap open and then sell okay we're just about at the 50% see if there are any sellers here now where are we look look at

where we are we are at the midpoint of entire range and also the mid-range okay midpoint right there so anybody who bought if they had a buy order at the boundary line or bears took profit and An exited into the Bull's Bo they're going to sculpt here okay so we're going to slow down here a little bit and this is why these levels are important when you're in a trading range bears are trapped below bar seven so they're looking to sell and um minimize their losses um if they because they were still selling with eight

so they're trap so they want to bring Market down to Again um to the bar seven um close or one TI below 50% of the bar seven limit Bears entered the markets and hence the upper Wick of bar 9 which we expected now they're also trying to break even they want the close of seven tested excellent so I did sell there at the 50% and I took profit right around the close of seven and I left a runner just to see If we can um close a bear bar and continue to come down this is

my target now this right here but I do need to see that be body because if this ends up becoming okay trap bears are exiting and they're not able to close the bar bearish then um I have to somehow exit out like is but this bar I expect follow through another leg maybe two legs down um but even if you sold here in scul you made Money so did anybody actually put a limit order right at the 50% of this bar 7 yep great all right excellent so you're pretty much done trading today you can

find something else to do something more fun right I don't know what is more fun than trading but you know life um should not be only about trading that's all about you got to find a good trade is you got to find a good is lowrisk trade enter get in get out And then just live your life all right so what happened there is well I am done why well bears are failed to close that bear body so now Bar Nine Clos bullish again bullish again so what what can it do well I'm sure these

Bears um want that next leg down and want to come down and test the eight L but um This Bar Nine made it difficult okay Bar Nine closed bullish is as far as I'm concern they can now go up and test the Six low okay that's the 66% pullback so when I see something like this and failure to close a bare body um I'm not very tickled but one thing that is going for notice where the bar okay came down right so opened here came down went up came down and then finally closed there um

these bears made money but no they're not all that happy okay so if this bar now closes bar 10 closes bullish I'm afraid we could go Right back up to these levels to the open of the day we have a trading range so open of the day becomes magnet now Bears obviously want to um um invalidate that and they want to close a bear bar now it I want to sell again but I'm not liking this situation we're right at the um midpoint so if you're either holding your short looking for Market to come down

um test the um test underneath Bar Nine test the low of eight close a bare Bar and come down here is or you just sculpt it and be done with it due to this support area but a bar like this should get follow through couple of legs down okay this was a bad follow through pull back it could still get follow through I'm targeting this area so I need Bears to now close a bear body um below the open of bar uh KN so then my target will be not only this but this so you

can hold it into here here here there's a measured Move Target there also so we could end up testing this area before bouncing so we could test the 2050 60 2050 let's see it's also a flag bare flag looking for 2050 area tested see if they can accelerate down and if it reverses fails to close a bare body on underneath this boundary line reverses back up sellers are waiting up here so when the Bears see the second Time bears trying to sell but not able to close a bear body then they're going to give up

and the Bulls will take over bring market up here and those Bears will sell up here so we could end up getting like grind up for a while so it's very important that the Bears do close a be body here if it fails we could end up going right up here I need that bare body closing below the Um open of nine then my measured move is right here is mid-range here that's uh quick sculp right there 20 25 I'm at 2050 I sold again by the way and uh it's because that bar closed so

let's see if we could get to that 2050 but I'm really more interested in this target right here strong selling from yesterday Market probably wants to test these lows there is a gap here this Gap is the problem okay um Bulls are trying to uh Keep this Gap open their buyers here with the uh bar 49 range that is the first test and not a good buy signal bar okay so we need to come down and test again and look for another Buy Signal bar if the bears actually come down and break this area um

there will there is another Gap right here we could actually breach and find buyers somewhere here is that's why I needed that bare close below this boundary line now I got the be close below the open of bar 9ine Which is great so I'm looking for follow through leg for Bears to continue to come down at least to 2050 one tick above the target half hour and then I'm looking for follow through into one hour or at least to here before with bounds but we'll see so right now I'm just trying to be patient here

okay another test with 11 but not a good buy signal bar and bear still pushing further down but 11 should have Been a bear bar so this isn't really working out well because of this Gap right here and there second test is we'll see this as an opportunity to buy but um a bar like seven should get more follow through so and see Bears bring Market down to the 2050 2025 21 I don't if they can tag 619 but H yeah so looking still looking for a follow through Bulls want to get another Bull Bar

and a buy um because they see this as a second entry long but it's kind of if they do buy Here anybody sold with B 10 will sell somewhere up here and try to break even or will sell even higher because of this this is support okay this is a buy Zone this is where buyers are so I warned you about the gap here which they didn't close there's more Gap here I prefer to buy down here is not here the One thing that is not working out for Bears is that they still yet to

close that below that boundary line that's why we're going sideways here so now disappointed Bears um with this second leg down or it could be leg one pull back leg two pull back leg three they're disappointed they're going to sell somewhere up here and they're going to break even before Wills take this further up to near um the high of nine or the open of the day Because we're in a trading range now open of the day becomes uh magnet so many bears including myself now looking to see where I can sell and break even

so I don't want to see a bull body closing uh viously that would excite more Bulls I have not added to the losing position yet waiting to see if Bears can fix this on their own by closing the far bearish below the boundary line then I don't Have to do anything I'll just sit here and look pretty with them give me my target around is 20 50 20 yeah 2025 you can't Panic you just have to wait and see it work because a bar like this um wants to get follow through and another leg down

is not two legs down so I am is you know still interested in lower prices here part of the trading um is waiting being patient and uh everybody wants to Scul uh and you know nobody wants to swing swing trading is um it requires patience and there especially in a trading range like this you're worried that it's not going to come down here and um breakouts and follow through is weak breakout is nice but a follow through is weak so you're wondering if you're going to get a micro wedge here and it's going to reverse

and the third leg is going to be very weak so then is then definitely sculp while um holding The position is minimize the losses right you pay yourself a little bit because of the conditions that we're in but bar 11 is not a good buy signal bar so I didn't feel like exiting out of this yet so it's as far as I'm concerned still coming down so this is a scul right here 2050 2025 we do have a close now bar 12 so that's good news for Bears we are in the buy Zone bu's trying

To get a much better buy signal bar but um Bears still have three and a half minutes to finish the job now there's another um let's see retest of where the breakout happened with bar 12 but Bears need to keep this bar underneath the boundary line and elimin a good buy signal bar and if they do get that uh bull close above the boundary line then the sellers are at the High of or the open or high of bar 10 so looking for The Spar to close bearish so 2025 to possibly 1975 area we could

still come down and then continue further down to 1850 I want a test of 1850 so I moved my profit taking down a little bit more no Buy Signal bar yet be have one minute and five about five seconds to bring price down to here they Can but it is still buy Zone if these bears are disappointed then they will sell again somewhere up here buyers were here so those buyers are buying again because they were long and they're disappointed so they're buying again to break even and a good place to buy also so if

this this gives up because the second time the Bears are trying if if this fails I'm going to have to exit because I don't like this shouldn't have taken This long to come down more so now Bulls are trying to get a much better bull signal bar but Bears will try to sell at the high of 10 or open of 10 and they will try to get a quick break even before this goes against them further really good buy signal bar is for Bulls here but disappointed Bears they are looking to um sell and break

even they want Market to come down and test the close or low of 12 if they can't sell here or not many Sellers trying to break even then they're going to sell higher like I said somewhere up here you can exit if you're worried because it is a good signal bar for bulls and they can mark the St for a while and we may not get the Bears um until we reach the moving average okay so look what happened there this bar actually came down and tested the close uh of 12 so those Bears probably

exiting now let's see if more bears will Sell around here or we're just going to go and test the moving average I would assume we're going to test above the moving average I've exited and then um instead of selling I've actually exited for the second time it came down and then I bought it I'm looking for moving average test see if we can get that but like I said there could be sellers here at the high or the open of 10 but I um expect Bulls to Actually push this up a little bit further because

Bears failed this is a terrible follow through and a really strong bull bar so I'm no longer interested in this is can we still come down here um maybe I don't know this is a buy zone right now they're buying and we just tested the moving average bears want to bring it back down again they could and that's right there we just hit Sellers moving average is a good place they want to double top and they want Market to come down further and there you go they did sell right there so I took a little

bit of profit at the um moving average in case these guys show up I expected high to be tested maybe had a double top with um um nine instead but bears were no we're not satisfied with bar 12 setup so we're going to sell at the moving average and sell at the high of The Spar that they Sold earlier which is 10 and that's now they're getting their full break even if they exit out of the market we could get um Bulls but otherwise this can continue to come down so that is a fantastic job

by bears kind of disappointing that we couldn't go any further above the moving average but I didn't expect it that so you have to take profit there um now what now what do I Do well either Bears start closing bear bars here and we continue to come down to that midpoint of this lower range or it those Bears will exit out and then bulls will come back in again so we have a Gap open from the close of 14 bear seem to be showing interest again but I don't like the fact that they allowed Bulls

to print bar 13 like that so blo want another leg up here so anybody bought the 13 will buy again expecting 13 High to be tested Again so that'll be their break even difficult morning difficult open and uh Bears did a really good opportunity here but they seem to be giving up and a good buy Zone Bulls are trying to get a swing up but um if they do that they really have to start closing bull bars above the 14 High go and test the nine high and then start closing more bull bars and try

to close this Gap right here so that's not yet decided yet I I'm not seeing strong bull closes so here's a Possibly this bar can now close bullish it needs to go and test one tick above 13 to give these Bulls a chance to break even anyway or at least a test the close of 13 so I still expect Bulls to try to do that and if they decide to close a strong bullmark then I would expect them to go higher so is any Bulls bought here they see a bar like 14 closing like that

they will minimize their losses so if they Entered with three contracts they will exit out with two in loss and they will hold one and then they will wait for Bears to bring Market down and buy again and then they will start to buy with good um bull signal bars so we have a bare flag here and um second entry short at the moving average and Bulls are now bears are now bringing it down to the Target which was there are too many lines so I removed it so it is um they could still Come

down to 1875 which is the mid midrange but Bulls are disappointed so it is a bare flag bears want to take out the eight low buyers could still be here but if we break this area buyers are going to be in this area this Gap area there's a measured move here we could Al come down all the way to 1625 so great job Bears they've done a fantastic job here continued I did say Sellers will be here and it'll probably going to come down I exited due to this bar bought it took profit there and

then 14 close like that I exited all together so now bears are winning this so 1875 was the midpoint I believe and we're just about tested so if we're going to bounce it's going to be right around here so here is the gap right here there could be some buyers if Anybody's still stuck above bar 13 they couldn't get their Break Even they're going to be start to scale in around here and then they're going to look for so here we go from here they scale in this is their break even right there that's their

average break even but let me test that again yeah I mean it didn't really test should have come down and test right here okay so it is trying all right so it just tested the mid Mid-range now if I measure from there from here to there this right here where I'm pointing is is the break even for average break even for Bulls so they might try to get there and that is 22 6022 was trying to reach to 6022 and higher so that's their average break even right there if I measured it correctly bears want

a 20 point down somewhere here tested they have a measured move Target here Yes I did say it's a double top and a second entry low to sell below 14 or the close of 14 so I didn't warn you um limit sellers are at the high or the open of 10 which happens to be moving average so um I did took profit there all right so there you go that is um we just tested the break even and and you could see how that was the average price for many bulls who just bought there at

the midpoint of this Lower level and look for a quick bounce get to the safety so good job bulls for buying there into the profit taking and a bounce now Bears can still sell this they won a 20 point around uh 1750 to, 1650 area tested but what if we start to close bull bars above the average price then we're going to keep pushing higher to here I don't know if we could get there but um bears want to keep this Gap open and continue to sell um there is a let Me see see if

I can from this high uh bears are targeting the 20 point 20 point swing is right there which is right around the measured move Target is so we could actually continue to sell if the bar closes um on its low is eventually then what this is going to be a pullback and the Bears can sell but if the bullbar closes above right there um 6022 that'll be a problem for bears bears want to come down to 19 or 20 points so one Point above this area on Mark or I would assume we're going to test

that 20 point eventually which is also the measured move so see let's see if they can actually sell more all right they could not close above the um average price see if they can sell right here and continue to bring it down to 1750 or 1650 area bar 16 is a decent bull close so You can see those Bulls are still trying to get back to the actual Break Even which is the close of 13 but they have to close of bullbar above 20 2 2 6022 so if the second time they fail Bears can

take over and this is still my target but because this is so low and remember I'm going to get rid of this because right here is I said buyers could be here in this Gap area those buyers trying to hold it but this is a strong bar bears want to Keep that little Gap open and they want to come down one more time so if this was too low to sell I would understand that this is a pullback and nobody wants to sell in a bull Gap or into the support so this would become the

pullback but we need a be bar here Target is 1750 to 1650 area 1750 the 1650 area we should tag and we have a measured move right there 20 point swing right there starting from 19 Point goes to the 21 point so it's right around that vicinity it would be nice bears to come down and test so let's see if we can get that so close at least 1750 tagging I would prefer here but it can come down to 16 okay 175 Perfect all right I did sell um the right around here and because I

knew these Bulls were going to exit there so it gave me a good entry With a pullback and expected 19 point at the minimum is for Bears to come down and claim that is 1725 so it came 19 plus one tick that is pretty good that's a swing Target but really 20 point is a swing Target plus the measured move so we came very close to the measured move still holding a runner here and um let's see if they can actually sell and finish the job there's a ledge here this red line so Market is

is looking to probably test That if we continue to come down okay Market wants to test this ledge and that's coming from here Friday so 20 point swing it's uh is it's kind of a tight bare channel here so scalp sizes um so swings are basically is four or five times more of sculp size so I'm expecting that to 20 point right There or the measured move right here which is exactly the same price point 1650 fantastic so we got the 20 point and even accelerating down I have the 200 EMA which is um almost

as this I don't have the script that I used to have is I have a new computer so I have to reset everything I don't have all of the indicators but this is basically equivalent to the 1 hour 20 bar EMA there ISU one a test there and that is 607 um I'm at 6,13 so it might actually go beyond that so 6,000 is actually what Market might be looking to test this is a strong sell okay from is yesterday so I said we'll probably going to test the lows and I'm still looking for buyers

here if we make a new low because is a trading range we might buy that new low so buyers could be somewhere down underneath the 200 EMA or um we're going to keep selling into this one hour EMA is we might test yesterday's um low Also we're not all that far away where is my yesterday's low oh did I delete that I must have deleted it accidentally yeah I did hm oh no it's right there it's just hidden behind the yeah it's right there that's the yesterday's low so is we might actually come down and

test yesterday's low but there will be profit taking here so measured move Target uh is met now so we have is here if I actually another way to find your target by using the is Break Even levels is this right here so that's the health R but really this is the target this is where Market wants to come down low of yesterday breach the low of yesterday this is why now now bears want now why do they want this Target because look this was right here okay the midpoint and they bought it Right there they

bought it right there so they had a break even right there but Bulls could not close above the break even to get the actual break even so this was average when the average price holds like this um there's sellers waiting there so those Bulls exit this is your health R you need to sculpt here and then you would look for is Market to come down to here High uh low of yesterday possibly that's the one R so we could actually reach there so they're Exploiting the situation but it's a 20 plus move so there will

be a bounce eventually somewhere around here profit taking I call it but we are so close to this and you can see we just tested the half far and they're taking some profit there now what if we don't go beyond that if we make another five six points up and the bull start to close strong bull bars then we could we're going to go up but right now um I'm expecting This is their target so they will probably going to try to push into that but you take profit here like I said next low of

yesterday is right there we're so close to it we might need to test below Lev of yesterday maybe like a couple of ticks or so reversing back up right now they're taking profit here so everything's working out pretty good for Bears 20 point uh swing profit taken here but if the profit taken um slows Down and it's only a profit taken we're going to continue to come down to the moving average and to here I'm no longer interested in this it I think that just is done I am now looking for Bears to keep pushing

into low of yesterday and here plus is swing Target on the higher time frame this trend line right here so we're probably gonna get to that originally I connected all of these with this but I either or we should test around Here all right is we have not closed below that hell far but good job for is Bears now we have 18 bar can we actually reverse but we have a huge leg here pull back is second leg pull back we didn't really go above bar 16 so to me this could be just the second

leg itself and then we could finally get the third leg down bear still want to probably mark this down we're still inside the 20 uh Point swing area and as bar 19 was is d Uh profit taking bar like I said and uh bears want to take out the 17 low and continue to sell this further down but there might be some buyers um I think there were buyers already there and they tried to buy and trap the sellers with bar 19 now bears want to get a breakout below from below bar 18 and there

continue to sell but they have to close a bare body here one tick below the bar 18 so sometimes these reversal 18 bar Reversal comes in a couple of bars later like we need to wait for 24 22 20 bar 22 bar 24 there's still room to downside so I'm not interested in buying anything this is still my target so I'm still waiting here see if they can close that bar below the 18 low or are we going to reverse here now is how do we reverse back up is with the bar 18 that's a

micro double bottom is Believe It or Not yep it is so we are at the lows um bears want a new low but the buyer is probably down here waiting wanting to buy the new low two bear bars I didn't feel like buying anything there I'm looking for a little bit more to the downside to the low of yesterday sometimes we go up first before coming back down again when we get closer to the low of yesterday but I have no reason to buy here um I like to see this low Breached before buyers show

up so there is still room to downside um we had a lot of time past so you have a nice Spike pull back and a channel down eventually we will reverse back up to the bar 13 where the Bulls got stuck but is you can also find your way around is Brooks price action um encyclopedia L has um um done his homework over the years and created this Brooks encyclopedia chart patterns which is is which is a membership uh based uh database um you can go to the members area and then submit um where is

that chart um where is that yeah right here you can sign up right here if you have the course uh that's a lifetime one-time payment $199 and then you have the access so uh basically what we have here is a failed bull breakout and the first reversal down and so you could go here and start to look Okay so this is high one high two failure you can also let's see if we can find something here so this is bare trend from the open I would call it or um failed High two let's see uh

if we if I can find it underneath here uh failed double Top This is double bottom it's not really a double top so but you can call this a double top reversal and but I'm looking for high to failure See if I can or you can you can also say Head and Shoulders so that would be under um p and shoulders or you could say bare trend from the open like a lot of ways to find it I'm just showing you the examples here so always in Long bear bars everything's organized nicely always in short

um let's take a look because we have became always in short with bar seven so Market went up and then continued to come down so we're not oh nope I'm in the wrong here these are moduls that was only one bar that's one chart so that's why it went always in I'm looking for a bare trend from the open so let's see bare breakout bare Trend there also failed bull breakout and then it sells goes to the um sell Climax and then it reverses so this is what I'm looking for okay is if Market Comes

down to that low of yesterday which we are very close and then even if we breach below that I'm looking for buyers and then to reverse it back up because look at it Market was bearish we went up we couldn't even take out those highs and then we came down start to swing eventually there will be buyers somewhere here and so this is something like this I'm looking for a it could be either we reverse now or if we close really strong bear bars below the low of Yesterday then we are going to come down

even further okay um then I'm going to be looking for Midday reversal with bar 40ish so this can still continue to come down but depends on how the bars are closing below the low of yesterday that could bring us down to the 6,000 somewhere around midday Around Bar 40 then I would look for a reversal but we are in a trading range now um so we are at the lows I'm looking for a little bit more this is not enough I would not buy Here I don't think Market is ready to buy I would like

to see a new low made and then trap those bears you can also say sell climax is so let's see it is not the best sell climax but it's still um kind of parabolic so it's coming down a nice bare Channel we have several ways of determining uh whether this is going to continue to come down so we are in this channel okay be Channel we got the sellers right there sorry about that Guys so um we had a rejection we are finally um okay so this is a different way of measuring now that I

could see we actually did break below the 50% so I'm expecting follow through earlier I actually Drew this channel from here like this and connected so we were right at the okay we were right at the midpoint and we have not broken below but you could see why I don't use channels very often it's just so arbitary so you could you could drove Them so different ways but if you really want to uh draw them tight okay like this then you can see why bears can continue to sell this they already broke below the midpoint

so is retest now why did this bar went up why did this bar go up and then sold again that's because now I'm going to get rid of this this is a sideways and it's a bare flag but it's an expanding triangle okay so you have is the upper trend line Bulls want to get back to you have the lower trend Line if bears want to break below and you have have the midpoint okay mid-range so what does this mean price can go up to that mid-range it's like a 50% of a trading range and

then Bears will be there so now bears that show up they sold but the 24 did not um close bearish enough now as long as we are still below this line the midpoint of the triangle or the apex of the triangle um we could still sell we could still come down this is still my target Target below the low of yesterday we might have tested did we test the low of yesterday so 1350 yeah we did test the low of yesterday so we have tested the low of yesterday but is we have this target that

we left behind can we finally reverse well I'm not interested in exiting out of the short but if we start to get the bull bars above the midpoint then I'm going to exit because the market can reach back up here to me this Is still a bare flag um to me bears are still looking for this target but we have accomplished something which is the low of yesterday test and we did not close below it so if we fail to close below low of yesterday and we get another bull bar here we have an inside

bar 24 okay so but it's not all that great of a close it closed at its mid point and it's got a really strong upper Wick that upper Wick is too strong for me to buy okay so I'm going to wait for Bears to finish this job so bears are still coming into this target how did I find this target why am I so adamant about this target why do I want this target that's because any bull who got trapped there okay somewhere down here failed to get their break Break Even fully and it was

only an average break even and then they exited out the market so now I am exploiting that and this is My one R so I'm looking for Bears to continue to come down another way I could say this is the measured move and the market can reach down here maybe or you can just measure the Gap measured move is right there so just about maybe right here Gap it's very close to is the target so I'm going to hold this until Bulls tell me this is it we're no more going down below the low of

yesterday and is we are done here I don't have that Yet as far as I'm concerned bears are still trying to go below that trend line there's also the ledge which is magnet on the higher time frame I have trend lines that we have not really tested Globex low is right here so I have no reason to exit out just yet and I'm looking for market to continue to sell this waiting for Bears to finish this but it's a really messy um price action here Bulls are trying to trap the Bears right here Bears is

still trying to Break below the bar 23 now what if is bulls actually trapped the Bears what do we do what could happen then we're going to go and test this mid-range and if we start to close above um I'm done I will be exiting out from this short and uh I'm going to say okay we have tested thoroughly the U low of yesterday and we're not closing so now we're going to go and test the 25 I'm sorry 23 High not five Bar 23 this Big Bear bar you have An outside you have an

inside outside inside so it's a breakout mode I'm still hesitating to exit out we could still be looking for because it's so low to sell we could be still looking for a pullback to sell here but this right here won't make me any happy uh about the situation so there's no bull close above that mid-range I still don't have a reason to exit they're still holding this okay but the moment this bar Closes I'm going to be done with this remember I said with the 18 bar reversal is sometimes we get the 18 bar reversals

very sharp and clean but in a situation like this we might need to go sideways and I said somewhere around bar 22 or 24 which is the end of the second hour we might we might finally see some reversal and look at look where we are this is the um end of the second hour the new hour the third hour started so is we might need to still test the um Prior hours low we do have a double bottom here but I think Market needs to test the prior hours low so I still don't want

to buy plus I don't have a bull close above the mid-range so I'm trying to talk myself out of exiting this prematurely because I still have targets here so might as well just hang on a little bit and get the target here we go we just got my Target and it just paid off to do all of that That crazy work which is uh basically charting right so we're all chartists and we trade with price action we don't trade with fundamentals all that worked out so now because this was a bare flag we finally got

my target right there we got the Gap right there so what did I measure there so here's the Gap I'm measuring from here now can we actually do better can we actually get to this target yeah we might but I want to see Really good closes below the low of yesterday not just one but many strong bear bars and then we could then accelerate probably into the ledge and we'll probably test one tick below that and I've been waiting for this ledge test for some time now right so this is Tuesday Monday and Friday so

and let's take a look at what could make us bounce here we still have more targets to down side uh there's a bit of a gap here uh a lot of big gaps here so you could see Right there right I'm going to measure from here all the way to here this is a gap okay actually yeah okay so this is the gap used to be white so now that I have a white screen I'll have my gaps Gray is we just reached the G um we just reached the ledge is and this is good

now you can take profit but we now have a Stronger leg down you have a leg one pull back leg two pull back leg three it could this get follow through yeah it might I still have targets to um and a room to downside but what if we reverse from here strong where are the sellers sellers could be at the 50% of The Spar 26 okay so we might need to um test that trend line that we just broke and then see if there are any sellers wanting to sell again and move Underneath the ledge

but we have pushed three times so finally I'm thinking we're going to reverse soon we have reached the 15 minute I think this is pretty good so now we could finally um there's a huge gap here we could finally reverse so this is getting a little bit uh too much I think is we also have one two three wedge bottom here and we have broken the trend line And we could actually finally reverse but obviously I'm not going to buy the first bullar I see right the bar 26 is still a strong bar could still

get a little bit more follow through to downside below the ledge area so is if that's the case then this area we might actually test what about 6,000 can we come down and test the 6,000 what am I missing there this is the gap so I don't want to Change that uh we could definitely test below the Gap reach the 6,000 and then reverse back up so still nothing to buy I did say that we're probably going to test a prior hours low which we did and now we also reached the 1 hour EMA is

some point I need to change this because I want this line to be exactly where the hourly 20 bar EMA is but we have reached there we might Need to test it a little bit more maybe underneath a little bit before reversing back up can Market become more bearish it one thing that I want to point out um 20 EMA is still is above the 200 EMA okay so bulls will try to prevent that crossover bears want the crossover when crossover happens we could get even more be bars can this continue to come down more

look since Bar 14 we've been gapping down it's been only so 14 24 10 It's only been 12 bars to downside okay we need eight more bars to downside to create 20 bar gapping then we could start the reverse back up so I am not ready to buy anything there's nothing to buy Here Market is still making its way down I've got a measured move Target here I've got a gap here so I want to see Market come down and test this area before is I attempt to buy anything what if the Bulls close a

Strong inside bullbar with almost no upper Wick in about 44 seconds well then um then I might be interested it because there could be buyers one tick above that inside bar but I don't have the bar so I'm not interested 26 should get follow through and maybe another small leg so let's see how this oh my gosh everyone was trying to reach me okay um Okay um Brad will I might extend this session a little bit as I'm going to open up the question box um brat might come in a little bit later so I'll

just wait for him to arrive I'll just extend the session for the um muted time that I've lost um when maret gaps from the moving average um 20 average 20 bars right um eventually it will reverse back up but It's such a strong uh move down with 20 bars or so um that creates um if it's a bare move down that creates a pressure the first pullback back to the moving average at Key price probably sellers will be there to sell again so if we don't get that then I would expect price to try to

get back to the moving average maybe two legs 10 bars and maybe even get above the moving average but we do have a really nice um bar 26 here not interested in is that inside bar 27 bear still trying to move underneath the ledge I'm not really interested in ledge anymore so I'm going to get rid of it did its work I do have a trend line possible wedge here here um I don't have a good buy signal bar reversal bar to reverse this yet this is done with this because it was the bare flag

so I'm looking for little bit more from Bears Target right there now I also want to measure how many points the market moves since this morning to downside we had a 20 point there possibly 30 point test right here but um we could go a little bit more reach the Target or we're going to come down to 30 and we're going to finally bounce if we break below the 30 point generally my target is uh bare Target is 40 Point 40 Point Bears is right there so this is where I would like is Market To

come down but that only if we the pullback from the 30 point is actually weak so maybe we bounce about like five six points that would be profit taking right 30 to 31 so it starts at the 29 goes to 30 31 and then we bounce a little bit but they continue to sell I will be expecting is Market to give me another 10 points 6,000 is slightly above 40 Point um looks like Market wants to go there if you read the daily Blog um which is if you're new here and um you're just finding

out about Brook's price action um go to the brook trading course.com it and definitely sign in uh register so you can get the weekend reports uh which we talked about and then on the blog I'm just waiting for it this is daily updated and is if you go to yesterday's blog we have several of us um contributing this actually for Today's but let me show you the yesterday's so that's right there we have the video updates um um Joseph uh myself uh Brad and I think more people were adding I'm not sure Richard is um

setting that up so we all um contribute but um these you could see the U charts yesterday's charts here Richard actually updated this so you can see here Brad talked about that 6,000 round number and the market actually pulling Back to it so this is why I'm still selling this and not interested in buying just yet so and then we have the um intraday updates is such as this right here today's update user should always keep your eyes on the blog and check it couple of times a day and uh it can really help you

with your trading okay so here is today's blog okay so if you make that a daily habit is you can Really um improve your chart reading skills and where the market can go all right so we did get the follow through is we did uh come down to just about 30 points as expected um Bulls are taking B bears are taking profit now how much profit are they taken now let's find out anytime um sculp is regular sculp is Five Points right so and ATR is about four and a half so fivepoint move is expected

it could go Five Points it could even go six points but if they Cannot close Bulls cannot close Beyond five or six points they're not going to get their 10 points so this could actually end up becoming just a shallow profit taking and then weak profit taking and then we could continue to come down more so it's very important that you mark around five to six points and wait to see what the behavior is sometimes profit taken can turn into a 10o 15 Point swing up but first you need to see if the sculp is

just a sculp Around five six points and the Bulls cannot close beyond that but right now we're actually going beyond that okay so this can actually suddenly reach to nine minimum here's the nine point okay and even 10o Mark okay so but first it's accelerating a little bit because ATR is slightly higher than five point that gives some volatility quick profit taking but you're still in this channel we have pushed several legs down Um but this is very strong profit taking now if you have a channel line right here or a trend line if the

Bulls break the trend line pretty strong okay um then you can look for a pullback to the trend line and then buy that pullback but that will happen so here it is this is already um trying to get to the nineo minimum all right you should Mark the 10o 10o is one point above it could get there take profit come back down to this Trend line okay and or the midpoint of this huge Bull Bar I don't like it when the bars are this big because is buying this bar with a huge risk down here

okay it's not ideal so you buy this suddenly this starts to come down because we reach the nine 10 point is right there and Bulls can start to take profit as you buy here it could just reverse right back down but it's a very strong bar and watch it now they're going to be taking profit you end up buying the close They're going to trap you so you wait for a pull back to this trend line we just broke okay and then you look for um buyers again so it can actually come down four five

points you can also come down and test the midpoint of The Spar before bouncing again well we couldn't get to this target but 30 point is you can see how I um resorted into looking at Point counting right 20 point was a swing and They kept going said they're going to get an additional 10 point because um the five point is a um standard deviation on S&P which is why we call it a fivepoint scul but 10o is a swing so they got additional 10 points now profit taking is imminent so um and this is

a very strong profit taken but I still think that we're going to reverse back a little bit so this is why when I see Market makes um one bar 10 point I don't jump In and buy that bar very quickly because I know they could trap me right there and any bears that are trapped down here now they're looking for a reason to sell and bring it down to the midpoint of The Spar bullbar okay I'm gonna open the question box is because I'm kind of late on that one all right go to webinar question

boxes open we've tested yesterday's low thoroughly is can this continue to come Down yes it can but this bar now is a problem I'm now looking for Market to come down see if we can um reach the 50% see if there are any buyers that's the 50% of The Spar we could come down a little bit more is bar 28 is not a good buy signal bar we might need to come down and test its high perhaps and uh I don't like the strong bars like this to reverse the market quickly and I kind of

missed my chance To buy with a market order as I was explaining so I saw this bar going up I could have bought it and then took profit at the taking profit at the 10 point but I just didn't have time to click on the button so hopefully somebody actually took advantage hit by market or exit and take profit there so now we're at the um almost at the 50% is we might need to test that 28 High what if we breach 28 high and come Down and overlap with the bar 28 body uh well

is then there you go this is why you don't buy These Bars wow look at that so so hopefully did anybody buy the close of 29 I warn you hopefully didn't but now if you did um wait for The Spar to close because you might get your chance to buy at the lower third of 29 and be able to break even there's still a gap here if there's also the 40 Point here but the problem With this 40 Point not interested anymore that's because the Bulls already made 10 point okay this weakens this uh bear

Trend down now plus anybody who bought into it and didn't know anything about the 10-point sculp um now they're looking to enter again and break even there is the um Gap area here if they cannot find buyers here at the lower third of 29 they're going to try to buy within the Gap Area all right some questions came in is can you please elaborate on the ATR and it's uh relation to point move well as ATR is basically your average true range okay this is the only is one that I use on each tick so

I wanted to up dat every time is price moves I don't want it to be bar Clos I want it to be is on each ticket because it's important it's telling me the what what is the average range of each bar like this bar for example average range Um is about six points right so that's 575 body or the entire that's about 675 yeah about six points right so that means is Market can move uh one time the ATR down or up okay so depending how or where it moves depending on how good you are

reading the conditions so we are in the small trading range here it's a limit order Market if you sell this bar close um it could go half the ATR it's now lowered down to 489 so 475 so it's Like a 225 right two points in a quarter it can actually bounce up why because this is a small limit order Market um bears look Bulls bought the 28 close Bears sold the um 29 strong bull close now if you sell the close this can go against you about two points and or uh like two and a

quarter before coming down or it's just going to sell um about F now it's Five Points Five Points down there's a double top is at the moving average so the bear see a be flag yet Again and a channel down so that's how you have to um take a look and see how much they can sculp or leave to run so one time the ATR or two time the ATR for swing um half the ATR or one time the ATR for sculp that's how I use it okay it's just telling you how much it could

go up or down by calculating the average size of the bars all right so is we let me get rid of this um kind of got the 30p point Idea got the 10 right there all right so we've been gapping down since Bar 14 uh that was the last touch uh but we did not get 20 bars so we only got about 24 14 bars so now we have another touch at the moving average we do have a double top bare flag but this is a small trading range here and Market is confused here they

want to continue to sell this because we're below the low of yesterday is we're closing bare bars we have the Gap area we have the magnet um 6,000 we have a 40 Point down here as far as I'm concerned we can continue to sell but is we now have two strong bars okay overlapping but now we have an outside bar followed by an inside bar bar 29 and 30 because the outside bar is bullish there could be buyers slightly underneath bar 29 and the Bulls want to trap the Bears and go back and retest the

upper third of bar 29 bears want to get a breakout from the low of 29 and Continue to mark it down and then reverse back up so how is this um is it going to go up is it going to go down so wait for this bar to close because if the Bears cannot close one tick below bar 29 we're going to reverse right back up is we could get a double bottom with 28 and then reverse right back up but if we get the bare body close then I'm going to expect follow through selling

and I'll tell you right now Where this can sell if the body closes bearish it could sell into 0450 6,000 and2 quarters or we're going to reverse right back to the 50% is of this bar right and then sell again now problem here is that we made a new low okay so this channel is continuing to go down remember I said if there was a wedge here and we needed a reversal maybe one two three is maybe one two and three so I told you guys not To buy this the reason why you shouldn't buy

this okay first of all it's a big bar now here right I'll take that and I said we're going to test the 50% but if we start to move underneath the 50% we could take out that bars low and that means Market is still marking down the prices we're not ready to reverse this can come down even more and look what just happened here it's with a wick but we did take out the strong bars Low so now if you're still bearish stay bearish but be aware if this bar now closes bullish okay we could

have a double bottom get back to the 50% if we start to close above 50% line of this 29 bar 29 we're going to go right back up here again maybe to the open maybe to the high and we could finally reverse but only if we get above the 50% now the Bears sold the inside bar if with a stop above they're looking for a lower prices they're disappointed so what are they Going to do is they're going to try to sell okay right around the 50% or somewhere in here now look what just happened

here the Bears the Bulls closed the bull body right at the 33% is of this bullbars range but not above it maybe I don't know I can't really tell where they closed it but it's a decent bullbar so now that's a trap Bulls tra the Bears and they want the midpoint Tested Bears Who Sold disappointed they're trying to sell here so they can close a bare body and continue to come down if this body won't close below the 21% we're going to go and test the midpoint possibly up here then these Bears will sell inside

these two red lines so that's also possibly High one Bulls are trying to get a high two um we made a new low so I'm waiting to see who's going to win are we going to be able to keep These Bears trapped here so how this bar for 32 closes is a big deal so be prepared if it doesn't close below the 21% we're going right up here and then they will try to sell here then they will scale in right here then these Bears will give up and then Bulls can come in if the

bar closes bearish below the 21% then the Bears will try to sell again come back down to the 29 low and try to get a breakout this time so this Is how I look at things uh by measuring certain Outside Inside bars and see what kind of trading range I'm stuck in is what kind of limit order Market I'm in where are the limit bears and Bulls and how can I not get trapped so bar 31 is bear trap okay Bulls trapping the bears but it failed to do one thing which was the close solid

bull body above 33% so bears are now taking that as an opportunity to close a bear body to Continue to come down and they can very well do that if they do close this bar like this I'm going to be expecting them to take out the 29 low since they already taken out with a wick I would then expect them to take that out come to the minus1 minus 23 we might even test right here which is around 650 all right next question sorry I just carried away there um Brad will come in I think

in about 15 or 13 Minutes let me know is where can I find that London article um Michael just go to Brooks trading.com and then in the search box type London and it's the first is article that um blog post that comes in and that's where the video is uh if you want to add a winning position how do you how do you do it can we can we confirm break this bear is Channel and reverse for Bulls go up so I've been explaining that already um the Best way to do that well first of

all bears have been selling it this right here is always ins short okay so Market reversed and now we have a low to Bare flag and market now we have a bare flag extending and selling right and we're making gaps so if you actually look at the line chart there's a gap here there's a gap here there's a gap here so it's kind of parabolic okay when the gaps are um still open like this right the selling is pretty strong look it This is the first time be's actually closed the Gap so now I'm thinking

are we done here well we could be forming a trading range we could still make a new low and then come back up again but that could form some kind of a trading range so that right there is kind of signaling me we might be going into the trading range phase because this is the market cycle right the um Trend needs to go into a trading range before either continues to come down or reverses back Up so and you can see right here Bulls closed the Gap and then bear sold again to break even now

Bulls are trying to reverse it back up again so can we go up now wait for this bar to close first because this is still bearish it's still pretty strong all right Bears did close bar 32 below the 21% that is not good for the Bulls if you ask me they should not have allowed Bears close cling that body there so these Bears could still sell so this could be a actually a final flag a triangle right here right could still break down now um I just take a look at okay so say you know

I have this channel right here small micro uh it's only two bars first pool bar and the Bears are selling I will sell that right so first break of the line uh trend line and the Bears are selling already so that's one um another one here is another one first break and then is Bears again Clos the Bear bar so Market is telling you they're selling these um trend line break this one was not a good good of a break but this one is and they sold it something like bar 22 selling like that so

I wonder um if this can continue to come down so here's another one this the one big okay bar so it's actually breaking the trend line way too much but it's also getting rejected way too much so now I'm wondering is if this is another flag okay and but could be the Final flag looking to reach somewhere where Bulls might be waiting eagerly so maybe that Target maybe Gap maybe 6,000 I don't know but I'm not ready to buy this is however second entry long probably but it needed a one more bullbar so I'm not

very happy don't want to buy against bar 30 and uh bar 30 closing like that below the 21% that that puts that just keeps me in my tracks stopped and not buy anything So this trap is not working all that great for Bulls all right is let's see next question do you think this big bull bar is still a big problem for Bears even if no follow through appeared well it is a sign that the Bulls are saying something look we're finally printing good bars and they're in the range of 10 points but that's all

we're doing um trend is the trend once we are below okay it's a little bit wake so let me make That okay so this is the low of yesterday once we are below the low of yesterday this draw okay I generally expect about um 40 points okay because average range of a day could be 40 points so so here it is um I'm still expecting market to continue to come down now where we are and that is right there look this is the last outside bar followed by an inside bar that we're measured its range

if we get a breakout right there you see why I Didn't buy Above bar 31 I needed another bull bar and then now the bears actually close that bar um there's possibility that we can break out to the downside more and in fact this would be the first shallow Target second Target and the measured move right here and that happens to be just about 40 points okay now where are we in terms of okay we're still at the 30 point now What do I need for market to continue to come down I needed to close

below three ticks below 31 The Zone it starts at 2930 31 if we start to close below right here we're going to continue to sell another 10.9 Point into the 40 point so Market can continue to come down here but if we don't and we finally tra for the second time fail to break below the 29 with a bare body that 0% if we fail and suddenly bulls do show up then I'm going to look for Bulls to actually Close above 33% get to the 50% then I'll buy I will expect bar 30 uh I'm

sorry 29 highs to be tested maybe further up above but don't have that yet there is the measured move targets still in play there's the Gap still in play okay you see the right there bears try to sell and they failed again they did not break below bar 29 range they don't have a solid breakout Bear bar so now Bulls are trying for the second time Trap these bears but what do I need for this trap to be successful or that I determin that it is successful enough so I can start to buy here with

a small risk I need a bullbar closing above 33% or at least 21% but there could be still sellers here that's why those lines are red so still waiting I'm not ready this is still coming down there's no point exiting out of your short right Bulls Pro Bears prove to you that they're going to reject a bar like this and um They could still Market down well Ro John you say that you oh 28 sorry oh no that's not a mother bar bar 28 is nothing because bar 29 is not encapsulated bar by bar 28

so bar 29 is not an inside bar okay now another way to find Target right so I'm G to read that for a minute so look at the inside bar 30 we have a bar close like the third bar one two three bar 33 closed a be body oh no actually it didn't I'm Wrong sorry I'm wrong yep they failed so Bears really didn't close a bear body so I don't know how far this is going to move further down I'm not entertained here by bears Bulls are still trying to trap these guys we don't

have a solid breakout we don't have a solid bare body breaking below the in inside bar 30 yes it's still coming down and obviously trying to read somewhere so if you're still short don't do anything just keep It but if you're looking for a reversal don't buy anything um yet but also if you are flat um don't sell anything because if this fails we could finally reverse and you can finally buy so right now bears are still pushing this could be the final flag could it last all day long well we'll find out about that

with Brad wolf but right now we're reaching this area I'm excited about these targets I'm sure We're going to get some buyers here uh we can continue to come down to the 6,000 and then finally verse there but I'm worried that there's no breakout and if this is final move and then suddenly we reverse I don't want you guys to get trapped here either because you needed to sell up here when I said we're going to test the 50% pullback of the SP this is a swing now we're going to we're going to mark It

down all the way and all you do is Mark those bare flags and sell with them you see second two legs Bulls are um having or just one single pullback you can sell that two legs no follow through bull bars sell um even this one but this is kind of signaling you that um finally we might actually reverse when I don't know I need a good buy signal bar Now is what happens this far closes bearish well they're going to keep selling Target is is minus 23% we're probably going to bounce there briefly at what

point uh would you buy Market on 29 you mean bar 29 as opposed to waiting for it to close it okay so um if it's going above 28 right so I'm looking for um I was looking for a follow through but this is reversing and if I'm not selling if I'm not in any kind of Train and I want to get in and this bar is accelerating like that I did actually talk about I saw the bar going Beyond Five Points that's a regular sculp and it was accelerating that's where I would buy and I

would expect 5 6 7 8 9 around around 9 point I'd start to sculp very quickly because it's happening in one bar so you have a very limited time but only if I'm not um trading I'm not short I'm flat I'm not long you know I'm looking for a quick sculp there that's The only time I would buy with a market order and I measure it very quickly and exit around 9 point all right so we just reached the measured move and we also reached the Gap area so this is we also reached the target

look right there now how do we continue down or how do we reverse back up well first of all we're at an area where buyers are waiting this gray zone is the um small Gap here okay now Bears can close this Gap and continue to come Down that means I'm looking for um either in three three and a half minutes this is going to accelerate down to this Target and then close this Gap in the meantime or it's going to bounce go up and right at the breakout Point 0% I'm going to be looking for

Bears to sell again if this bar closes with a bare body in 3 minutes and 13 seconds below minus 23% they're going to get a follow through okay so is there is no Buy Signal there's still Selling you might want to take a little bit of profit here because you don't know it could bounce here due to being a bull Gap and you can see they're already taking profit it can go all the way back up to the 29 low it which is the breakout point and the Bears would sell there once more but if

they do close the bar bearish or start to accelerate then expect this to be taken out and gets us closer to that 6,000 um magnet anyway so let me check with my teammate and see if if he is around and ready to join still going down pretty nicely and a nice double top you can see that one be flag after another bare flag now you have another really nice is here I'm going to get rid of this for now a really nice channel here but um look how many times we pushed there's one now there's

two there's three and divided into two legs leg one leg two Eventually Market will pull back to the high of 29 most likely or the 30 but I'm not ready to buy anything there's no point trying to reverse something that still wants to sell if the Bears can close this Gap then is yeah we can even move all the way down to 5996 six and let's check it out all right so here is we have moved underneath went back up and retested look closed be bars went back up and retested came back down Market is

trying to get to the 6,000 so it's got a little bit more room to is downside like for example is people always ask me is how do I um you know trade exploit like for example here is I look at double tops and double bottoms right so I have a double bottom here and I have a double top there and a two bar right there so um what I see is Bulls are not able to buy this double b double bottom and the bear is taking that out so Here's what I do hold on just

waiting for connection to be established okay so here is the double bottom I put the stop there and I sell is with the confirmation which is bar 15 took out that double bottom so now my stop can go there and I'm going to exploit one R is 2 R okay and let's take a look um there is another double bottom here say you missed that entry and this is happening there's a double bottom There's a double top here right so double top now is I'm looking for Bears to sell right and what do I need

double top a bear bear body right that's great and there's a double bottom but the Bulls are not able to so then I can put my stop there perhaps and I go for one r one and a half is reached but we could not close a bare body so time to take profit all right so we have bounced is here let me get rid of that we have bounced um at the Gap all Right so some buyer orders um actually there but there is a uh channel here micro Channel first break it is kind of

a strong break so now I said we're probably going to go and test the 29 low we're kind of accelerating inside bears are not very happy with that because they wanted to continue down now the first sign was failure to close a bare body below the minus 23% now the Bulls are accelerating this but where are those Bears those Bears Will sell again because they're not happy that they Market reversed on them too fast so what do you think that they're going to do first sell um I expected it here but it didn't really go

there and close below so now it's over reaching so the first sell is here they're going to sell here and they're going to try to break even somewhere in the middle and the second cell if the market continues to go it's going to be this right here the 50% if we breach the 33% okay so if anyone already sold here which you can see the upper Wick right anyone sold to close sold again maybe somewhere in the middle right so this is where they want Market to come down and test right there or anyone sold

underneath 34 latest um either or they're getting a break even see so when you use these levels is there's a way to get out of a stuck situation so when you're Trapped um you can easily exit out before it reaches back up to the 50% so I'm not bullish at all um not yet anyhow I need to see bulls actually close above 33% and a 50% then I'm going to expect Market to get to the 29 High then I'll buy there's plenty of room there for me to buy and take a little bit of profit

here before they try to sell again right now we just hit a limit Zone and the Bears are fixing their trades and see how The Spar Closes in 48 seconds it can still come down I'm just waiting for Brad oh here's oh okay so Brad is ready everyone I'm sure I missed bunch of questions here um you can bring your questions again I'm in tomorrow um after Al Brook's session um he'll be on in the morning and I'll come in in the afternoon and we can um take a look at your Questions whatever is left

all right is no these are enri enri en enri enri I don't know I butchered your name there sorry about that no these are not FIB levels these are um levels that um I use else here I'm going to leave Brad in a second but let me show this to them before I leave so if you have access to online Brooks um trading course go to the course okay and H scroll down so all that I've been Reading is basically what I've developed years ago to go to the bonus video section watch these video These

are amazing by just watching the bonus videos and you become a very good Trader bar um the video 15 and video 16 basically explaining how to trade is Al talks about um you see this outside bar inside bar is so basically I took what he was explaining and added my level so these levels their machines read these levels How did I how did I decide that did I ask every machine that how they read this no but I've talked to institutions and um a couple of people institutional Traders and they said that oh yeah they

have um they do pay attention to these levels so I started the test and test and I'm using L's um Range the 66% to 33% 21 and 79 are institutional levels 11% minus 11 0 89 100 um not 100 but 111 these levels are basically these trap zones that um if There's a range there's a trap zone from the high of the range breakout high or the breakout low towards the inside the lower uh like lower third um there is a trap zone so the breakouts always fail 80% of breakouts of any range fail okay

so I develop these trap zones and even though it breaks out right I always look for those traps right so now we breached a trap zone from downside and reached a first Target now it's reversing back up but the Bears were happily selling those Bears will want to probably sell again to fix their trades which they did I just show you how they did it now if they actually close the Bear bar now below the 0% they can continue to sell because they eventually breach that trap zone from 11% to minus 11 with a bare

body so they have every right to sell and continue to sell but my job is to look and understand what they're doing or what they're failing to do because I want to eventually exploit and reverse This and I don't want to miss it but if Market is not ready to reverse it I'm not going to do anything I'm going to keep selling this right so watching this video and the next video you're going to learn lot about these levels and then um and then I started to add the breakout levels right it's very difficult to

trade the inside if you're not experienced so I recommend everyone wait for the signal bar 34 is the signal okay it's a breakout but it's not a breakout Okay from the trap zone they can still trap you it's still above the minus 11 but you can sell with a small risk and do a quick scul but always expect those Bulls to come in and trap those bears looking for a breakout and reverse it back inside so when that happens I look at the 50% level if Bulls are actually closing above now I can buy and

expect a test of the upper trap zone and expect Bears to sell again because their job is to prevent a breakout but if the Breakout starts to happen with a solid BL close above the 0% then I'm going to mark it up and I'm going to expect this shallow um Target to meet and then further up so those are going to be my breakout targets so something that I've um tested by using those videos so if you don't have access get the access um to the course and watch those videos and then you understand what

I'm trying to do here it's just I like to measure things and I like to be dead on I want To see what the machines are seeing so I can be at least 90% accurate of what I'm doing with my trading okay I'm done done with my session I'll see you guys tomorrow afternoon bye everybody