0:00 Good afternoon everybody. Um, we had
0:02 kind of a breakdown today and we had a
0:04 bounce right from open. Um, I talked
0:06 about that a bit in the morning video.
0:08 So hopefully maybe somebody was able to
0:10 take advantage of that. Let's talk about
0:12 exactly what needs to happen to make
0:14 this a bull trap or rather a bear trap
0:16 versus um a bullish move. And um, let me
0:21 just start over. Let's talk about what
0:23 we need to do to turn this into a bear
0:25 trap for a bullish move or whether it's
0:28 just a short the bounce type situation.
0:30 Okay. So, what we need to see for a
0:34 bullish move, we need to find support.
0:37 We need to test all the way up to this
0:39 blue bar and then we need to find the
0:41 higher low. That's it. There is really
0:44 no other scenario I can think of that
0:47 would make this into a bull move versus
0:49 just a relief bounce. We need to take
0:51 out right here this 5900 level which has
0:54 not been back tested. We need to find a
0:56 higher low. If we can do these things
0:58 then we will rip. So make sure to put
1:00 them in your calendar because
1:03 uh we will have uh a scheduled move much
1:06 higher if we can pull this off. That
1:09 said, doesn't have to go that way,
1:11 right? Um we don't always get what we
1:13 want. So what this can look like if this
1:16 flags here does whatever it does and
1:18 retest the lows and eventually the lows
1:20 give way we are going to expect that we
1:22 will gap fill we will take it down here
1:24 we will take it down here so on and so
1:26 forth we're just going to continue down
1:28 the chart and we have uh we have more
1:30 down to do right here here whatever so I
1:34 don't want to give the
1:37 um the indication that you should be
1:40 bullish and today was a bear trap I want
1:42 to tell you exactly what to look for to
1:44 confirm that it was a a bear trap and
1:46 then um react accordingly, right?
1:49 Because there is no like outside of the
1:52 scalps from this morning that we talked
1:53 about. So, this means you could scalp
1:55 long, but you wouldn't want to swing
1:58 outside of that, you uh you have no
2:00 indication yet that this is a bear trap.
2:02 But if we get exactly what I just
2:04 described, it is and it will transform
2:06 into one. And there's no way of telling
2:07 until price lets us know. day is uh off
2:12 on Monday. So, we will know by most
2:13 likely Tuesday or Wednesday and uh we'll
2:16 try to do it accordingly.
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