All language subtitles for 022217_l EN (F)

Okay, good morning folks.

Welcome back.

We're going to be doing a quick
session, just overviewing, what

we've seen so far for today and what
may be unfolding for Thursday and

maybe going into Friday's close.

Alright, so I've kept the
levels from our markup.

Top-down from, uh,
yesterday evening as well.

So the levels we have here on our
daily chart, we mentioned there's a 40.

Fair value gap up in here.

Price me want to punch through this
hole is old high to get up in there

and close that little range in
this smaller pocket price action.

We so far have equal highs.

We've had a nice little pop off the
four hour bull shorter block over here.

Excuse me.

And prices ran $1 off that level
of a small, low fair value gap.

That if we start to trade
lower, that may be a catalyst

for an intermediate term lows.

So we can come down here at a later time
and create another buying opportunity.

So say, say, this occurs and we
trade up, you're closing the range,

filling this gap, and then we stop
there and start drifting down lower.

This could be a potentially a
longer term intermediate term.

If we get back down to this level
and we get some support, once this

is filled in, if we break below this
low, that means they would have it

run on cell stops, just like they
did back here or at least equal lows.

So that would give them freedom to trade
with another leg from this low to this

high, that measured move that could occur
from something like off this level here.

Should we trade down to that level?

But I'd like, it only if it gets to
this level first and then it retraces,

I don't want to see it, do it here.

Because then what it would do is
probably just leave the double

top in place that stops build up.

And then if they went back up here,
we just clearing stuff and then we

could end up staying in a longer-term
consolidation sideways, or potentially

trade lower either scenario.

Wouldn't be good for a buy off that level.

So it has to come up here
first and then come down.

And then if it hits that level,
that would be a better enemy,

a term or swing trade idea.

Um, we had this area down here, south
side liquidity mapped out for a while.

Now we did in fact, go down into
it convincingly today through it

went down below the lowest, well
that all tension now changes to

below these bodies down here.

So I'm just going to add this.

So Lois of all the bodies are
on this candle here, the open.

Comes in at 100, 3 93.

So it was going to keep that for an hour.

That's the level we're looking for.

We're looking for one to 3 95
to one to three 80 downside.

And eventually if we get some momentum
creating a lower, low, and again,

nothing's changed in my long longterm
analysis where we're expecting

parody with the dollar and Euro.

Nice rejection at that breaker.

So you can see it now in hindsight,
why we were expecting this down

candle, being a catalyst, the
wound, the lungs, they used to drive

price up above the short term high.

When you have this, you need to be
taking a picture of your own chart on a

Europe dollar daily, and really do some
notations on this whole down move prior

to this up, move this being a stop run.

And then once we break
that low, these are.

The scenario you need to
understand for breakers.

And if you see that in your charts,
you want to be making notations of

that and studying every single week.

Look at it, look for the markets
to provide that every single week.

If you look for them, you're going
to see where the institutional

order flow is at range extremes.

In other words, reversals, there's
a lot of work that's been done

by a lot of teachers and mentors
and such as it regards to.

Reversal patterns.

And I'll just toss that out there.

Um, Chris Laurie did one, um,
reversal pattern saying Emma

first started buying everything.

I could get my hands on with Forex.

Uh, he had a video, he put
out, um, reversal patterns.

The only one in that collection,
in my opinion, but worth of any

concern was his Riptide reversal.

And basically without ripping the man off
or anything, it's basically a turtle soup.

It's all it is.

It's a false break above old high, and
then it trades back down the range.

It's not something earth shattering.

It's nothing new and it's
nothing bad about it either.

It's a good pattern, but, uh,
the street Stuart's book where

I learned the turtle soup.

And from that idea, In my opinion,
if that's the, that's the pattern,

that's the reversal pattern.

Everybody should know, um, much
better than a head and shoulders

pattern inverted or otherwise.

It's just the easiest one to see.

It's, it's very telling in terms
of what the market may want to

do in terms of directional bias.

And if he signed them on a higher
timeframe chart, like a daily, it helps

you, it helps give you a directional.

Just have that notation on your own
charts and have that in your notes.

You should have this whole business
in here mapped out and keep this

level in your notes as well.

That 1 0 3 95 to one to four big
figure as downside objectives

and just draw it out, type it in.

Format and save it and look at it
as we go day by day in this pair, as

it approaches this level, reflect on
it and see, okay, this is how long

it took for that mood to take place.

This is the levelness sensitivity took
to get that level traded to, and by doing

that, you condition yourself to prepare
your mindset for the length of time that

these swing trades take to come to pass.

And we mentioned there was weakness on
Euro versus pound, and we would expect to

see the Euro pound the lower as a result.

Let's skip over cable.

We'll come back to that in a minute.

We'll go to Euro pound

and price did in fact trade lower.

We have a little bit of a rejection
so far, but it was really nice to see

it trade below here, after closing
in that little range right in here.

And again, this isn't another opportunity.

You want to have in your notations,
you know, when I'm sharing these

charts on a daily baby, I'm sorry.

Daily basis.

Just because there's very little
typing or commentary on my chart.

That's the interactive portion for you.

You should be doing on your own.

And some of you are sharing them on
the forum and some of you are sharing

them with me in email every single day.

And while I appreciate your
enthusiasm, please don't do that.

I mean, if you have a question.

Yeah, great.

But I'm not asking you to supply
that to me in email, it just makes a

ton of emails for me to go through.

And it's, this is for you.

This is your personal journal.

So these are the things that you
make notations about, uh, you

know, how much the ranges were,
how much did it move in your favor?

How much draw down was
there against the downdraft?

You thought it was going
to take place each day?

You know, how much negative price
actions did you see and how much of

a positive direction in terms of pips
that it moved in each individual.

Keeping record of that.

And it helps remind you to, even though
when you're in a swing trades or if

you're in a, even a short term trade,
or when we get into day trading, the

idea is don't get caught up in the small
little, tiny little movements that would

be counter to your trend or your trade.

The.

The submission of waiting for time to
allow the markets to move to these levels.

That's very hard.

And the only way you're going to
learn that is to allow yourself

to be desensitized by it.

And the way you do it is the
way I teach it to everyone.

And it's the way I learned it.

You have to literally work off
of a higher timeframe chart,

make the notations of what you
expect to see and look at it like.

They daily close basis only what
transpired, how much movement was it?

How much movement was it against you
and the idea of the directional bias.

And by keeping that in mind, you're also.

Encouraged.

And when you have a stop-loss that's
30 pips or 50 pips on a swing, you'll

see that it's still a good idea, not
to trail a stop-loss because you'll

see how very easily it can come
back and grab what would otherwise

be a really tight stop that usually
everyone else will be trailing.

You don't want to be doing that.

You want to leave your stop
at a level that is outside the

reach of normal static prices.

Since the minute the
manipulation is intraday.

Largely.

You want to keep your stop-loss outside
of the last three days range at the best.

I mean, at the minimum, you want to
do that because the market makers

work in a three-day rotation.

So they're going to look for
liquidity in the last three days,

highs in the last three days, lows.

And if you want early Jan, your
stop loss just above a short-term

high or below a short term, low.

You're asking for it to get taken out.

And they're going to take that stop,
especially if it's going to move

what you think it's going to go.

They're going to take those stops.

First.

We talked about this.

The phenomenon a lot.

So right before a big move,
they're going to run stops

out in the opposite direction.

Take those positions off in an, let the
market releasing, go in the direction

you thought it was going to go.

And it's very frustrating.

So as a reminder, please, don't
send me your daily journals.

I'm not interested in seeing
that because it's number one.

It's a time consumer for
me and I, I'm not grading.

It's not like, you know, I'm
saying, okay, this is good.

This is bad.

But if you do have a question regarding
something, then obviously you share

it through the forum because it
may be a question that's otherwise

beneficial to just not only you, but
to me as a teacher, it helps me see

where I'm lacking in what I need.

To help educate you better and be able
to speak more fluidly about what it

is you're struggling with, because I'm
sure some of you are probably silent.

You're just being very polite and not
saying anything, but if you aren't

really getting something and you're
just making a notation, if I know

I'm going to be able to clear it up
by a future lesson, I'll tell you.

But if it's something that you should
know by now, I don't know if you don't

understand it, unless you talk about it.

So you use the forum for that,
make a post about it, and

then send me that tweet, like.

And I'll get right back to you in
about 24 hours or so it's about

their usual turnaround time.

If it's directed to me.

So right now, we've already extended
below these loads on your pounds.

So we can consolidate
a little bit in here.

Um, we already came back up essentially
to this low here, so we want to

see a little bit of a consolidation
and we do not want to see it.

Come back up aggressively,
closing anything up here.

It can pop up and close this little tiny.

Yeah.

Been here.

See how that low stops right here.

And we had one big candle
and we traded up here.

So delivery on price has been
offered by five here, but stop.

No buys has been delivered
up to basically 84, 75.

So what's that low 84 75.

So it can trade up to 84 75
closing this little gap and

instill be okay, the roll lower.

I'd rather leave it open.

If we keep it open, it can
be used as a measuring.

Which would be like, this is the
midway point, go back to this high

and we can see that same level
of price action projected lower.

And I'll show you what that looks like.

So let's assume we're correct that this
becomes a measuring gap right here.

So price could come up here and close
that in, but it's better if it leaves

it open because we could see this on.

I'll give you two measurements to WIC.

So 83 50 downside, and then we can see.

That the best version of the lower
version would be using the body's

83 65.

Okay.

So it's not much difference in
terms of the objectives, but 83,

65 to 83 50 downside objective.

If we keep the gap open, that's
the levels we're looking for.

Okay.

And that would put you essentially below
these candles bodies in here in this

little area here, and then we'd obviously
make a run potentially for these levels.

Outlined already that's been described in.

Last night's session.

So we'll keep that little gap
in our chart going forward.

Let's go back and refer to the cable.

Okay.

All right.

So we have British pounds
on the left-hand side daily.

And we were a hand sites to four hour.

And like I said, this pair, you gotta
be careful with this thing cause it's

going all over the place and it's
literally just beating people up if

we go back and we were to look at now
taking the, again, completely out of

the equation in Swiss as the equation,
because already made a very common

knowledge that I don't like to trade these
parents because they're highly material.

And only in there certain
conditions that will I trade again.

And, but it's gotta be like
really insane odds for it to

move on a hard timeframe level.

CO2 has gotta be in line.

I mean, everything's gotta be basically.

Telling me it's a good buy or it's a
good sell, or I won't touch in period.

And as a, as a general, I just don't trade
it because it, it burned me and I've made

money out of that pair or that currency.

And I just feel it's
like a conspiracy nut.

I just don't want to give them an
opportunity to get any of it back.

So apart from those two pairs
or there's currencies, again is.

Um, the pair I've lost the most money
in or the currency I've made the most.

I'm sorry, let me say it correctly.

Michael, the pair I had lost
the most money in is table.

Now that could be said, because I
trade it more than any other payer.

So therefore obviously the most
money would be shown in that.

And I say this because cable or
British pound has the tendency to

go into really choppy condition.

And really make it difficult to
trade, especially if you cannot

work on a lower timeframe.

And so if you're trying to do higher
timeframe analysis and you can't

get down to the lower timeframes and
understand what you're looking at as

initially, I didn't know how to do that.

Then I was only trading a day trades
British pound, and I was trading, uh, the

Denmark and I was trading, uh, Denmark.

Denmark, the Deutsche mark and I was
trading, uh, uh, Swiss Franc creatures.

I was trading every, every major currency
as a commodity and the times it would be

like this, it would beat me up and I had
to learn what it was that it was doing.

And once I understood that, and
obviously you've been seeing examples

of it for the last two weeks.

Now, we've been respecting
the fact that this market is

in a really sloppy condition.

Folks that are in here, still not
listening, trying to trade this pair.

I'm telling you how you feel
about it now, are you learning

or are you paying the price?

Because if you're on the sidelines and
you're not feeling that sting of being

whipsawed back and forth, No, that's the
seat you should be in, not trading it in

sign and say, well, you know, I beat it.

I got money out of it.

Or I didn't lose that much money.

That's not what you should be
doing to get the benefit of this.

Mentorship is if I'm telling you to avoid
something and you stay out and you do the

very thing by following that instruction
and then seeing the adversities that

you would have otherwise experienced.

Had you been in the marketplace
that is constructive.

It's not constructive learning for you
to go against what I'm trying to tell you

and avoid it and instill, try to trade it.

Because what you're feeling now is an
emotional commitment to the trade idea.

It becomes an arm wrestling match with
your analysis versus what I'm telling you.

And it becomes a monetary loss.

You have money in this now,
which compounds everything

and you can't learn by.

The except for toxic thinking,
oh, I should've did this.

Oh, I should've done that.

I wish I wouldn't have listened to ICT
or I wish I would've listened to ICT.

I wish I would have traded something else.

And you spend more time thinking about
that then had you just listened to me

then on the sidelines and say, wow.

Yeah, look at this it's mood erotically.

It's taken out the people that
want to use trend lines here.

Blew it all the way up here.

And now we're right back
down inside the range again.

So what is it?

Is it a trend?

No.

It's inside the consolidation.

I said that we were in, nothing has
changed now in a lower timeframe.

There's all kinds of opportunities, but
we can't talk about those because it's

day trading, but when a hard timeframe
basis, you can see how by staying

on the sidelines with this payer.

In this timeframe, that's the
constructive way of learning.

It doesn't cause you pain.

It doesn't cause you grief.

You don't feel like you missed anything.

If you do feel that
way, you need to relax.

Okay.

Cause there's opportunities come
in, but you can't be in everything.

And this is not the ideal scenario you
don't want to be in this environment.

You want to learn to anticipate
consolidations because by doing that, you

also know when it won't be consolidating
and when it's not consolidating, what's.

It's expanding its range.

It's, it's breaking out of a range, rights
and leaving a range, our consolidation.

So therefore it would be a trend
and that's where the easy money is.

And you have to learn to wait for those
opportunities throughout the year.

And when it's there, you milk
it for all, everything you

possibly can out of that move.

And then when it goes into conditions
like we outlined beforehand, we

were trapped between two fractals.

We couldn't be at below these lows.

I'm sorry.

These highs here.

A lot of structure in here after
what a big breaker, this low was

violated by this move down here.

So we got to go back to this
reference point is last up candle.

This last up candle is a breaker.

It's a bullish breaker.

That's why we've been unable
to get down below all this.

Okay.

Same scenario here.

We had an old high here
violated on the upside.

Okay.

So what does that mean?

The down candle right here?

Is it.

So it's a bearish breaker here
and it's a bullish breaker here.

That's why we're struggling in here.

It can't find its way.

So we have to wait for it to
do what it needs to leave.

The range that it's in.

It's got to get above this high, or it's
got to get below this low, that's it.

And you have to wait and it means
you're gonna give up some move on

the daily chart and too bad if you
want to be in every part of the move.

Just accept it.

You're never going to get
to that degree of trading.

Okay.

And you don't need that to make money,
but that's the reason why we're trapped.

We have a bullish breaker here and
a bear Spreaker here, and that's

exactly why we're stuck in this rut.

And that's what was the catalyst
for me telling you why, if we fail

above this high and traded lower,
we're going to go into consolidation.

So now you know how to figure out
when we're going to win and we're

going to go into consolidation.

There's your.

Your tactic, if you will, or your concept,
you know, I get a lot of questions.

How do you know when it's
going to go into a range?

I just taught you.

You got to understand the breaker
because the breaker is giving you a

trend reversal here, and it's giving
you a trend reversal down here.

Well, which one is it?

If you got it, if it's conflicting on
the buy and the sell side, and you're

in what you're in the middle of it
here in the middle of the range, this

high and this low your equilibrium.

So is it high probability
for it to trade higher?

Whereas the high probability trade.

Neither.

So if it's neither, then it's doing what
it's staying in a state of neutrality,

it's going to be held in consolidation.

That means check Euro.

If Euro is being able to move.

It's trending.

That means though.

And the Euro pound, see if
it's confirming it does.

Do we, uh, do we see weakness in European?

We called weakness in European and
we said that it was a void that

was closed on its four hour chart.

It was done.

And now we'll probably
see it rotate lower.

It's been doing that.

Euro dollar has been trading
lower Euro pound has confirmed it.

You've seen consolidation in your
I'm sorry, pound dollar as a result.

Why, what was the talus
for all that stuff?

Bear Spreaker bullish.

Stuck in the mud and
you can't find its way.

So it's going to take some entity to
say, okay, we got to get this thing

moving here and they'll start doing
dramatic pricing outside of the range

to stimulate either buying or selling if
it takes down and breaks below this low.

Okay.

So that's your notes for today for
your teaching in regards to, you know,

why markets go into consolidations
to have anticipated before.

Trust me, if you didn't appreciate
that you will years from now

because it's a million dollar maker
and it saves you a lot of money.

That was the hardest
lesson for me to learn.

And I just taught you in
less than five minutes.

All right.

So a dollar CAD let's get the,
for our, to, uh, we have buy-side

liquidity ran out this morning above
the buyers of these candles in here.

Rejection, uh, block has been.

I still like the idea of getting about
this high still could potentially do that.

1 32 15 is likely, um, that may be what
we go back up here for again, um, above

that we have our four hour order block,
and then we have a four hour opening on

the, or block, which you scroll back here.

What is that low here?

I'm not sure.

I ha I didn't.

Yeah, I didn't take these levels
and transfer it or not four

hour, but this is a four hour
order block, low and the opening.

So that could be the upside objectives.

Should we get above 32 15.

It needs to get through that in a
closing basis and then consolidate,

and then I'll be con out to have
conviction, to look for longs.

If we find some support above
here, otherwise I'd like I said, I

just think this is still a range.

We may maybe just coming above it to
get a false breakout and then come back

down inside the range or break lower.

So again, I'm not trying to
predict a trend change in this

payer or nothing like that.

I just want to see.

If we can get above this old high,
like we've been talking about, if it

happens, then I'm willing to submit if
the dollar index does resume bullish,

then both of them would be income in
concert with one another, as it has.

It's been, we've seen weakness in this
pair, even when there's been dollar

strength, which is not in alignment, does
not symmetry, symmetry would be, but.

Dollar CAD and your dollar
moving in the same direction,

moving in lock step for step.

But oil has been the catalyst
for this, this payer, because

of the Canadian dollar.

We've seen weakness think
Canadian as it relates to a

Crudo trail has been slipping.

All right.

Aussie.

You guys can tell, I have not
have my charts open until now this

morning, because everything's still
stuck on last night's presentation.

All right.

So we had a, for our rejection
block is noted in here.

Uh, we have overall price is still
in consolidations, in equilibrium and

nicely really break down in this pair.

I still really.

The 77 50 level and maybe even 78
and I'm not going to let go of it

until we see a concerning breakdown.

Um, if we get down to this.

The 75 95.

And then w we keep saying all
the time, but that's the way

this is, this is the business.

You have to know your levels in advance.

And if we get down to this level and
we break down, this would still be in

my opinion, something to be buying,
I will try to do a buy if we get down

there for a swing trade, if we get to
this level and we just Rory on through

it, then obviously there's no setup,
but we have to see some kind of a.

Uh, short-term bounce in here, like
a pause or a, uh, a reason to stop

wanting to go here and then we'll
have an ability to go in and use our

buying on a limit or buying one to
stop idea for a swing trade entry.

And then we'll look for a 77
50 to 78 big figure and gold.

Let's take a look at the gold.

All right.

So we have a gold.

It's still holding it's
consolidation here.

I like the fact that we still have
our load that we called in intact.

Nothing's broken down since
yesterday's whipped down into

it's low and the rejected, uh, it
just simply looks like it wants to

expand up through these equal highs.

We're looking for 1250 still
on the metal that, uh, we've

been found for bullishness.

Uh, It just, it just wants to go there.

It's one it's wanting
to go to 12 50, 12 55.

I think it's going to go there.

It just may need a dollar
index signal real quick.

Coca, it may need to see dollar index
trade above this high here and then

consolidate or reject a little bit.

That may be the catalyst that sends.

Up to 12 50, 12 55.

So this be mindful of that.

Beadlock, uh, keep your sights set on the
relationship between gold and the dollar

index intraday or for our basis, once the
rotations between the highs and the lows.

And you want to see gold hold onto
its gains and saying consolidation

while dollars rallying, because
that means that they're holding.

For a later time when dollar goes
in consolidation or retraces lower,

this thing is going to spring.

Okay.

It's the same way that we look at
like Euro dollar and pound dollar.

And when regards to Euro pound pair, the
same scenario you're seeing here, where

if the dollar index is allowed to be
trading higher and gold, isn't going lower

as it should, but it's consolidating.

All they're doing is keeping gold
in the consolidation, waiting for

dollar to get to where it needs to go.

Then they'll retrace dollar index or
hold it dollar index in consolidation,

then go and we allow the trade.

Otherwise, this should
be trading lower notice.

It's not doing that.

So what does that tell you in
relative strength analysis?

This is not weak, it's bullish,
so it will wait for dollar index.

It's flex its muscle, but when it gets
to what it needs to get to in terms of

its dollar objectives above the current
price, action, gold then will be permitted

to release and trade to the upside.

It will not go lower with the dollar
rally because it's underlined.

It's being held at relatively, um,
against what would otherwise force

it to bend the knee to the dollar?

Because if the dollar index is
going higher, excuse me, gold

will be going low and sympathy.

And when the dollar index is
going lower, go, we'll go home.

It's inverted.

Okay.

And lastly, silver again, it's still
staying in a consolidation as well.

I still think that we're going
to get 1820 on this bad boy.

Um, and again, it's still may
required the dollar index, same

scenario we just mentioned for gold.

That may be what we're
having to endure here.

And if we see the dollar index going
to consolidation or retrace lower.

Both gold and silver will rally.

And I think gold is going to
move up a little bit higher

initially, but longer term.

I think silver is going to go up a lot.

I think we'll see twenties and 20 fives
in the next 18 months in, uh, in silver.

So you can put that in your note
pad for longterm prognostication.

Uh, keep those numbers to yourself.

Don't make them public.

I don't want anybody sharing a tunnel
sitting around, but for us as a

group, I think we'll see 20 and 25,
uh, potentially in, in silver market.

18 months.

All right.

So that's the business for today.

Um, I'm going to bid you farewell and I
do, and I will see you all later on this

afternoon in a short, daily recap video.

I promise you I will check my, uh,
um, notes before I do anything.

And I will include the Japanese yen.

They will, it will make its way into our
daily discussions and, uh, charting in.

Keep that promise.

I'll do it now in closing.

Always left when I couldn't do it.

Okay.

Let's see.

Scrunches up.

Do a quick

15 minute video.

You say Michael, nothing has changed.

All right.

I'm not going to calibrate the levels.

I'm just gonna do a quick eyeball and I
can refine this later on this afternoon

with the levels, but, uh, we have
our monthly high, monthly, low range.

Uh, we have a monthly void, his
entire range here from this low

or this month and this high.

So that is a void.

I don't need a new debt.

You can see that, uh, we have a mitigation
block here as the market was going lower.

Every up candle, we look at that as
a potential short-term support level.

And again, I will refine these levels.

And it's afternoon.

Okay.

And we've already traded down
away from this last up handle and

back up into it this month, right?

To the opening on that candle.

So we've already hit this as a
bear's order block right there.

I'm going to leave that range as it is.

And anything else I need to add
this evening per afternoon, rather.

All right.

So we've seen

last up candle here that can be refined.

You can now better see
the, the level right there.

This candle is low 1 14 74.

Yeah, 1 14 74.

So it was only when I went to two
pips into that range as, as a monthly

or a block and a weekly now refined.

Uh, we have the void
in here from this high.

Oh yeah.

Up to here.

So that's your liquidity void right there.

Buy-side delivery.

And we have mitigation blocks.

The last up handle here on a weekly,

more specifically refined
to this level there.

And we have this one as well, but
I'm going to keep it relative to the

monthly level that we've identified.

So I think this is going to be a support
level that we need to be watching.

If 1 11 41, 11 35 breaks and gives
way, uh, we will look for the

markets trade down into that 1 0 7.

What is that?

One of the seven 50 to 1 7 80.

It could be a downside objective.

Should we lose this low and break
convincing above of below this monthly

word block or mitigation block rather,
still have equal highs up here.

So if we do fail to go lower and
start to rally, um, we're going to be

watching this down candle right here.

So if we trade.

This becomes a weekly
or blocked it's bullish.

And we also have an overlapping of
that bare short block, almost level.

It could become an inversion level.

Okay.

So while it's acting as resistance
here, we trade back above it.

That coupled with the fact that this
is a down candle when we can chart,

and this is the bull shore block.

So monthly bear, shorter block reversion.

And foolish or block on weekly, this
level could be a flipping point.

And if it trades through
it, it becomes a pivot.

And then we can see it spring
forward and take up the

liquidity above here on a daily.

Okay.

We have our daily bullet or block here,

opening it right there.

Can we have the eight mean threshold?

We had identified that cause
that is not been traded to yet.

That's our last line in the sand for both.

So price needs, ideally to stay
above this low, if it does, we would

permit it to trade down to 1225.

That would be permissible.

Anything below that on a closing
basis, puts us in line with.

These levels out here.

We already hit the last candle here.

That's why we're struggling.

We sold off.

From yesterday's rally higher.

We have equal high saying you're
west of buy-side liquidity,

pressing above these equal highs.

And I think that's about it for this.

I don't want to get too more ingrained
in that because ultimately what

we're looking for is, is there any.

Strength in what we've already
priced in here, because we've

already worked inside this glass down
candle, which the bull shore block.

We capitalize some of that here, but
notice that while we rallied, we didn't

take out the short-term high, which
would have been an ideal scenario to

see market structure, shift and resume
bullish because it failed to do that.

We're waiting to see if we
break below list low here.

That may be the catalyst that we're going
to drive below this low and then make

a run into that 1 0 7 60, the 1 0 7.

We also have a board or a
block in here on a daily basis.

Circa posts at 109 75.

With the opening at these
would be downside, objective,

not buys 1.9 big figure.

So if we see continuation any
erosion on this pair, go and lower.

There's your left.

Okay.

And lastly, we'll look at the four hour.

I don't like this in here.

I don't like how that's formed
a low, I think we'll probably

go back down into these candles.

This is a much better area of stroke.

But it could ultimately be
a market macro cell profile,

which is a consolidation rally.

Regulation regulation, smart
mining reversal, low risk sell

is in here on a lower timeframe.

Now we are in a distribution area and if
we trade back down, make one more higher.

I'm sorry, lower high.

Uh, then it would probably drive us lower.

Taking out these equal lows, completing
the sell side, uh, delivery on

price and marketing or sell profile
would be completed at that time.

Trading below.

1 11 60, the 1, 11 50.

So that's the scenario that maybe
unfolding in here and that's it.

I'm going to wish you all
a very pleasant afternoon.

I will talk with you all then.

And until then, good luck in the training.