all right so we're taking a look at CPA why it jumped up here pre market 25% and
look at the top now they're at 7:35 so we're looking to get in here above 7:30
had a double top pre market there at 7:35 it dipped down at 650 so looking to
jump in there above that resistance level once that resistance level breaks
looking for a move higher here so you see it's coming up now get in there
thanks for that 7:30 we want to see 7:30 printing printing over there there it is
not going to get filled ha talking you guys two months I need to focus on the
trade there it goes now at the 7:40 see that move now it went from 7:30 up there
to 743 now and going higher now 750 750 9 760 so that worked out perfectly just
like planned we're looking for that move to break at 7:30 area looking for that
move to 750 760 area and there it goes up to 760 beautiful move there you can
see the volume increasing there people were watching that move there they are
watching the seed at 7:30 break once they saw that pre market high 7:30 735
area break they jumped in here to see this huge squeeze and volume there you
had the shorts that sorted this they were watching there to see if this was
going to break above 7:30 and there it goes up to 766 now beautiful move here
missing out on that Phil I was talking to you guys and we're looking over here
it should have been ready to buy but it is what it is so you can see how that
worked out probably those beautiful trade they're on cba why talking about
this how it worked out looking for that pre market break pre market hi once that
candle broke new high they're breaking over that pre market resistance that was
a key indicator to jump in there and you can see now attending a higher it's
building support it's got it actually built support there at 7:37 so the pre
market high was at 7:35 it found support there at 7:37 and squeezed up there to
777 so beautiful move there on CVA why we'll see that 7:40 holds watching level
2 here it looks like it's going to pull back now pulling back through that 7:40
area now battle right now shorts Long's there are shares or short this so you
can be sure that people are shorting this hoping this is going to crash back
down below that $7 area like you did earlier that's kind of their goal here
7:30 area is key to watch right now here on CBS e that 7:30 hold and support
there if it breaks down against you can expect a little crash
here might go short if we break below 7:30 here jumping in there on CVI you
can see it's crashing down here looking for that move lower now and keep my stop
at 7:40 area it goes 721 now 724 so you can get filled here 722 couldn't get
filled there at 725 now it's going higher so I'm out of there it built
support there it held support 3720 I'm trying to get 722 I was a little bit
greedy there so just taking that profit earlier there maybe get back in if it
breaks down again here or I might go long here about 7:40 so we'll see what
happens two different ways to play that so we can play this below 720 plus above
740 it's holding that area there 720 area wants to hold but doesn't like it
wants to do it getting back in there right there at 721 so you can get a move
below this 7:10 area building support there at 7:16 it looks like 716 about
the crack looking for the 710 area to crack 712 area if we get a crack we're
going to move lower here it'll be a beautiful move for a nice little crash
down on a $7 area possibly think we're seven technical crack here 710 holding
in 7:10 about to break there it is 710 breaks now 711 708 taking profit there I
made $50 on that move so the reason I went short there couple reasons so I was
looking to go long as it's having some trouble they are thinking maybe above
750 go long there you can see had this resistance at some of the day so really
and then once I saw that okay I'm going to go short here once again see if I can
get this drop got a little bit of a drop there it pulled back down here just 703
it's very just jumpy moving around a lot of bonds so didn't have a lot of time to
get a good fill there on the drop but still may $50 there guys 10 cent drop
there on CBA why well would you look at that look at CBA why oh look at this
thing crashing down from that 780 area down
here to 659 I talked about shorting this one earlier I ended up shorting it twice
actually ended up shorting it there at 729 is squeezed up here to 750 I covered
early on that got out for basically breakeven and then later on short it
again at 721 and it squeezed up here to 7:30 so I was like right there I think I
was a little bit early on the one I probably should have waited give
it a little bit more time to build some resistance up and you can see probably
shorting it here on this 7:30 area on this last pop and then it suspends
dropping it dropped down there to 680 pulled back up here to 7:15 and really
from there it's down to 656 really the best entry would have been here at the
7:15 area on that double top like I always talked about I love shorting
those double tops editing the video not paying attention and you can see now
7:15 double top there and now it's pulling back down here 757 so beautiful
short there if you'd have waited for that double top like I always say double
top so you get that downtrend obviously this had a big pop in the morning but
then the rest of day right now we got this downtrend it's pulling back and
look at that move so really just crashing down here if it got in there
you know had this support there it was looking like it might want to go and
then got a double top 7:15 coulda went short here could have kept your stop at
a 722 area 730 area and let this one ride and look at it now down there to
650 live to fight another day so hopefully this video helps you guys
hopefully helps you guys understand the idea of buying pre market highs and then
possibly win to go short here on a stock like this remember that when you're
going short on these stocks and they start to squeeze if it starts going
higher just cut your loss get out quickly
because you never know this stock does eat this stock could have easily ran up
to $8.00 from this area here at the 7:10 air you never know so if it starts to
turn if it starts to build support if it doesn't look good doesn't look like
wants to crash cut your loss get out of it and it wait for the next opportunity
don't be stubborn don't get stuck in a short squeeze as this is squeezing
higher so it's one of the things I think about when you're shorting be quick to
take profit if you got it don't be stubborn and I will talk to you guys
later hopefully this is kind of a different video than normal kind of
breaking down the entire move here on CBL see you guys instead of me just
saying hey I'm bond here hey I'm selling there and boom boom boom you know a
bunch of trades hopefully this kind of breaks down the overall trade here on
CBA 2 possible ways to play either up or
down here long short breaking out at free market high or shorting it once it
found resistance there later on in the morning
you