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all right welcome to another episode from the
chart reader so I'm actually going to be spending
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the day with my parents today so I have to make
this video now we are in live trading hours all
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right it's still 2:00 Eastern there's still
about two hours left of trading you're going
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to see percents move you're going to see candles
move you know I care about the close more than any
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moment during regular hours right but I think
there's some really good things to talk about
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here so I just made a video a few days ago and I
mean the the big emphasis was really two things
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right and you know I'm not here to say Buy sell
hold that's not my game right but we were up at
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4 something on my last video My worry was we might
fall all the way down to the twos but hey as long
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as we held the moving averages the the the sector
still felt good okay and and yeah you see that
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right here with qubt there was some headlines I
think about a purchase order if I'm not mistaken
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but yeah look to me oh I'm loving the moving
averages I'm loving the technicals here right
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there was there was things that were were knock on
wood predictable and I say knock on wood because
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again you know nothing's guaranteed right um ion
Q you can see it kind of the same story right not
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as hard as a fall but basically came back to the
moving averages so far so good RG TI um not as
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pretty and again that's why this one was kind of
at the end of it qbts is the last one we'll look
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at trying to recover a little bit better than than
um than buatti I would say right so um interesting
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things going on here again the one important thing
is NVIDIA is after hours earnings today right so
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Nvidia will very very much dictate what happens
here okay here being on the NASDAQ the the the
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one worry I had on my last video was nothing
to do with these four stocks right it really
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was what's going to happen to NASDAQ keep an eye
on NASDAQ keep an eye on NASDAQ and and really
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in in about three hours we'll we'll see what's
going to happen right so I'm really excited to
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talk about all of these for sure but before we do
go any further and I give you more of my thoughts
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and opinions what are we going to do same thing
we always do right we'll take a look at the daily
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and the weekly to see how these are setting up
shortterm we have our five moving averages there
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are horizontal support and resistance lines that
I do draw manually myself and then when we are
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done up here we're going to use the macd RSI and
volume as our lower indicators hey really quickly
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if you can please subscribe to this channel share
this video online with your friends comment good
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or bad if you disagree look anything you can do
helps so so much with these YouTube algorithms
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but for real just just being here giving me your
time oh I'm so so grateful for it all right so
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qubt look I am never never I mean knock on wood I
hope never I'm never here to say Buy sell hold all
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right there are plenty of people out there that'll
do it that's not what I'm here for all right I'm
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here giving you my thoughts and opinions and and
we attack and one thing that I sincerely believe
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is if you're looking at a stock at four bucks and
and you're ready for it to fall to 250 your game
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is significantly better than if you just watch
it unfold live and trust me the freakouts and all
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that I used to be on the other side of that and
and man this is literally what the last video was
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talking about and I'm going to bookmark it right
here right around four minutes and I promise you
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it's not to brag I I I swear it's not but when
you can anticipate the Fall have a plan and go
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from there oh my goodness you have no idea there's
so many different ways you could have attacked it
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right could have sold up here rebot down here
you could have even waited for today's Gap up
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and attack most of this you know what I like there
there are so so many ways that that knowing would
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have done you really well all right so um what
are what are the couple things I want to I want
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to stress right this is going to be a quicker
video look our RS I on this day that's why my
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mouse is down here was at 90 okay 90 you can see
it in the box to the left over there RSI 14 was
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at 90.2 s that's that's crazy high 80 is really
high 85 is wildly High 90 plus is just silly and
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wild and look you're going to need a healthy reset
a healthy cool down from 90 all the way to right
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here what are you at 59 oh that's lovely right
more than anything though look I'm always here
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saying that these moving averages matter than than
the manual lines I click right look hey Quantum oh
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hey an alert is not an immediate buy it's not an
immediate sell I'm not even going to react to this
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thing right we're making a video here but yeah
you're going to see some alerts I have a couple
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alerts on this thing right so um nonetheless
um I always and again this is quantum Computing
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right like computers are smarter than people and I
believe that these five lines are way better than
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my clicks cuz that's some computer doing some math
right to me we fell exactly where we needed to I
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obviously could brag about that click we never
lost below that right but no the eight moving
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average really did the job it allowed the RSI to
cool down man the macd never really even slipped
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either we basically had green over red the entire
ride we stayed very positive the entire ride and
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yeah it looks like we're about to get green over
red on the RSI after today's close right I like
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that volume clearly neither is more than this but
hey we still have 2 hours you never know what is
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the what's the hourly look like hey this ain't
a ah it's a 82 RSI it's a little higher than I'd
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like to see it but that 70 ain't bad oh I think
this has a good shot if this thing could break
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$368 maybe 3 yeah $368 that actually could still
have um a decent hour because that's actually 82
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is a little high but hey it wasn't that long
ago right here we had 92 right on that hourly
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nonetheless okay what I like again a healthy RS
I very nice volume all right look from down here
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to up here that's a wild jump from here to here
that's a wild jump okay obviously volume going
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down is not a good thing but hey yesterday was
good today is what I would call a healthy better
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hopefully tomorrow can be even nicer all right
right now the bigger money line is basically
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four bucks all right between $4 and 405 whatever
you want to kind of make your risk tolerance break
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half of this candle right here what day was this
the 14th ah this is going to be pretty hard to
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stop all right where are we on the weekly look
at this thing there's so many different things
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jumping out at me all right we're doing our best
to break the the to sorry to confirm the 200 this
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week that would be great cuz look the RSI is
really high on this weekly and if I'm saying
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we needed the daily to cool down when it was at 90
right you got to believe I'm thinking this thing's
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at 95 and for sure needs to cool P out right so
you know I would love to get over this line very
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well by Friday's close like really get me in that
$4 range and that'd be that'd be awesome right
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but um as long as we don't lose this line I think
it'll be really good I can see us coming back down
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towards 280 and again still being very bullish and
still being very healthy right because this needed
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a cool down I think the weekly might all right
but let me just zoom out really quickly to show it
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there is a lot going on this line basically
represents the first real trading moments so
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that's that's really why all I'm going to be
looking at is this right from here onward if
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we can break this this line man there's not a lot
stopping it this is a very fast Channel and then
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from there it's basically all-time highs right
so a lot is going on and really as long as the
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weekly can hold 280 oh my goodness this this could
be difficult to to to slow down for sure all right
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there's there's one quick comment there was a user
on stock twit that was talking about this being a
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shady company and I can tell he wasn't bashing all
right I said I was going to look it up and do some
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homework honestly I've been so busy with work and
stuff I I didn't get the time there's there's two
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things I want to say number one hey this for sure
might be a shady company for all I know I think
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one thing I love is is ignorance is bliss to me
the the way I trade everything everything is a
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random three four five letters and I'm just here
using the technicals to kind of make them all the
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same and and and dictate where my money goes right
sometimes it's a little easier not knowing it's a
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shady company even though it probably is cuz Hey
break all five and fly hold the eight and the 20
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are like there all the technical things that I
talk about all the time did it here right and
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believe me the Shady ones do it just as well as
the Blue Chips you know what I mean it's all about
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volume it's all about what people are willing to
buy and and in my opinion what the MA's dictate
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will hold and continue you know what I mean so
lovely lovely technical moves here just keep an
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eye on the weekly being a little hot but man if
if Nvidia crushes earnings Ai and everything that
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goes with it especially the quantum computers
that have those chips that's going to be hard
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to stop all right let me know your thoughts let me
know your opinions even if you disagree let's come
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into ion q and hey ion Q I talked about beast mode
on my last video what did this thing do this thing
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kisses my golden line up here all right so um
look at this thing right it's literally the exact
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same things I just said on the other one and hey
maybe I'll just chapper them together right but
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we're getting these crazy crazy 90 rsis in in the
sector and and look that's that's kind of a good
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thing right it it it's showing a hype just look at
this volume to down here right that's crazy that
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that's an unsustainable jump and and and silliness
you can also say that one is right there right but
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as you look at the month of October into today
man I'm seeing such a nice and you can actually
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see it with the 50-day average line I don't even
need to draw anything that's such a nice Healthy
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Growth and sustained growth volume right not
too many like wild Peaks and and drops but o I'm
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liking it and literally since I mean you can
even take it back to the middle of September
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but let's just say since the beginning of of of uh
sorry since the beginning of October this October
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1st right here right we have never been under the
50-day volume average that's that's amazing that's
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so hard for stocks to do and hey this thing again
you break off five and you fly you bounce on the
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eight Like A Champion occasionally you're going to
lose it but the 20 is your best friend literally
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everything I say on every single video is is
happening in this month and a half view right
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here right so this is what a sustainable uptrend
looks like this is where you literally buy it
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you set it and forget it like that one that one
old old infomercial right like you average up at
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points you do so many different things there's so
many different ways to win on this thing right but
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um break the golden line and this will go wild
clearly clearly there are higher moments we've
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been all the way up here right to me if you break
this line you're in all-time highs and you're gone
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so 3113 that's a beautiful mirror number right
there that's the money line and again I keep
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saying it I'm loving the strength of the sector
as a whole right this thing needs to cool down
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I know everyone's used to rocket rocket Rockets
but hey that's why we're using the macd and the
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RSI right to kind of keep us in check but um oh
my kitty's at the door what's wrong do you want
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to learn about stocks hi all right sorry about
that so again these are doing very very well and
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they're staying very very healthy again look the
the last one was a 95 RSI this one's an 85 RSI
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to me they're both still high all right crazy
crazy dogee right here but hey at this point
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we've definitely confirmed the eights again I
don't know the math here right but the Eight's
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probably going to come to a around here I would
say on the weekly there's a chance that this thing
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comes down to 21 but that's way too low I can't
use 21 as my number I think for oh wow no maybe
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that's a decent number let's use this I think 25
what's this line give me a second can I lower this
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26 number let's lower it to the top of that ah
it's still 26 okay I I wanted Draw Something I
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want to I'm going to put it I'll put it right here
I think that's my line look it seems like the 20
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moving average is probably going to catch up to
this at some point maybe it was dumb to move it
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and I should have probably left it where it was
since we had that like interesting stuff going
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on but I think I'm okay with that look ideally we
never lose the eight moving average and ideally
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we never go below 26 okay I think 2355 would be
next and then whatever the 20 moving average is
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roughly speaking 21 we have seen ion Q bounce
on the eight Like A Champion use the 20 moving
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average like it should to get back up and hey as
long as we don't lose this 20 moving average I
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I really like the stock and again I basically
said 21 on the weekly roughly that's echoed on
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The Daily I would hate to fall from 28 to 21 right
but again I think that 24 2350 might be decently
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strong right there all right so um let me know
your thoughts let me know your opinions please
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watch Nvidia after hours today that will dictate
what NASDAQ does NASDAQ will dictate what these do
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right nasdaq's the tech ocean these are just the
little boats that we're we're in the middle of
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hoping we get no big waves to take us down right
so um lovely let's go to R GTI retti is it retti
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I've been saying ratti either way look there there
is there's a choppiness here and choppiness isn't
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NE necessarily a bad thing especially if you're at
least kind of still uptrending with the choppiness
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right but look this is all about the 200 moving
average we we've been we've been battling it and
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battling it and battling it and battling it and
hey we're now over it but we can't confirm can't
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confirm seemingly bounced seemingly bounced can
we I mean look this thing is still choppy and
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I know it's easy to focus on the eight and the
20 I still am not a believer that we've broken
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118 all right 117 is actually what the 200 is at
right this is the first good candle over it dogee
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don't count that's a good candle that don't count
dogee don't count that's a good candle that's not
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good enough that's a good candle that's not good
enough all right like I realize this entire time
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we've basically been over it there are significant
differences between being over a line and breaking
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a line right especially when you're talking about
breaking the 200 the last one the hardest one and
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when you're talking about breaking basically all
five look I know it's not the tightest of clusters
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but within within 50 cents there there are all
five and and and it doesn't give you a lot of
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room to battle one rrest battle one R like this
is pretty much all five right so at the moment
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it is still technically bullish as long as we're
over 117 really I think this is the number to beat
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no it's a little too I think I think I would wait
for 160 on on on ratti I think I would give me 50%
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of this candle you'll get me over this October
candle as well I would wait the 30 cents and I
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mean from there there's beautiful channels and
basically yeah my next line would be up there
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let's draw that let's draw oh look 162 look at
that I love this stuff right basically the bottom
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that I like bottom of that that's a good line
right there break 162 I don't think we it's
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going to fly to four something I probably should
draw one more line probably that right there yeah
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look at that that's not bad that's a lovely
channel right there that's an even better one
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right there right so needs to make you believe
it's broken the 200 moving average all right
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qbts it's the same story but again I would
say this one has done it a little bit better
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I I I I would say that's a good one too right
there and hey I like that at least the eight I
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mean I I just look they look the same they do
and I I I don't know if I'm just kind of like
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pulling a little bit more here but I like the
candle structure over all five over the 200 and
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overall five moving averages a little bit more
than I liked it on on retti ratti let me know
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how to say that thing right but I think this
is still the line of beat if we can get over
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199 if you can basically get into the twos again
from there you're going to get some nice channels
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and oh my goodness channels really after that
right I'm not going to draw any higher lines
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this is still a buck 50 stock right but um I
would wait for 199 I think you can make a very
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easy argument at 170 maybe like 171 is give or
take 172 just creep into that a little bit um
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but yeah again at that point maybe just give up
the 10% and go from there right I like the volume
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here I really really do and again you can see RSI
wasn't as high as the other ones but it goes up
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resets down hopefully it goes back up I like that
volume a lot obviously a couple a couple spikes
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and reduces but yeah I'm seeing a nice little
Improvement right there not as beautiful as
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some of the other volumes but yeah that's a nice
one right there let me look at the weeklys on
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both yeah there's a lot going on here we're
actually golden crossing the eight on both
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both the the 100 and the 50 that's that's
actually pretty wild right there and look
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at that that's at the exact same 117
range that we're talking about on the
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other one right so as long as this is
over 117 it's it's bullish it's very
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very bullish actually right um nope
stay on the weekly and let's look at
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qbts again same thing this one just hasn't
confirmed as well on the weekly I I it's
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easy to say over 141 is very bullish but
yeah really as long as you're over 130 I
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think 130 is is the bullish number for for
d-wave here all right so let me know your
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thoughts let me know your opinions even if
you disagree oh I appreciate you so so much
