Today's day is December the 9th 2000 and 19.

Making a Monday So we have in front of us is the NASDAQ 100 which is a futures.

We could trade this on e many.

Or you can also trade this on a micro mini.

Okay, now what we have here is we have a channel.

You may not see it now, but that we're gonna outline this and essentially there's over 1000 plus ticks of trading opportunity.

So what we like to do is we like to identify where the markets you turn one of things that we see back in August of 2019.

This market is beginning to form highs around the same price points and notice how the market forms a high than fairly high price and fell a high price and fell.

Now, we also have the bottom side of this what you can begin to see starting present itself like so.

So you have support, resistance, support, resistance, support, resistance.

Right now, the market, the top of resistance and appears, could be getting ready to fall toward support.

Now it's need about this is this is this is what's referred to as an up channel.

Essentially, it's sideways, but at an angle, okay, and a channel could be angled up or could be angled down.

Essentially, it's the same exact rules as just a normal consolidation range.

When it touches the top of resistance.

Look to sell to the bottom of support touches bottom supported by towards top of resistance.

That was neat about this is we draw another angle.

You can see the most recent upward angle that was once pushing the market up.

So from support, support, support support that broke, we have what's referred to as a head and shoulders.

It's a reversal pattern.

Essentially, the market breaks you up.

Angle comes down forms of low, lower in the previous low.

Here's your left shoulder.

Here's the head.

Right now we're working on the right shoulder.

So in theory, if this market begins to form a high lower this high, we're gonna have a bearish reaction Well, over 1000 plus ticks that was neat about this.

You can entered a trade this offer, like a one hour time frame on vests right around $500 an average trading during the day, dependency broker and every ticks worth $5 A to market falls over 1000 ticks that essentially as a 5000 U.

S.

Dollar trading opportunity was pretty phenomenal.

We had is really an incredible upward run.

But a lot depends on what the market's gonna do now.

So how do you trade this?

Well, what you don't want to do is just jump in the market selling instead.

What you could do is you could go to a one hour time frame drawing up trend line.

If the market breaks into the cells, don't start applying like down.

Fibonacci is country living breaks.

I like these.

The tunnel traitor or the destination trader personally.

But you can realistically, once you have confirmation of the zone, then you pretty much good to go.

Isa Risk involved?

Yes, is a reward of all the s.

As long as your reward is larger than risk and the long run, he should be realistically a Okay.

Aren't everyone rumor there is risk involved in trading, but we try to stack the odds in our favor.

How do you do that?

You find the areas of U turn, and then you make a decision on whether or not you want to trade those you turn.

This looks pretty good over 1000 takes on the way down.

I would like to go to a one hour time frame, and as long as we're the Cell's own start, applying my selling strategies is Josh Martinez, and I'll see you next week.

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