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the couple analysis the first chart we're gonna take a look up is my L to healthcare stock here obviously you know this and this can get really really really explosive and I'm gonna go over this I'm going to show you the weekly timeframe there's a lot of lines here but what I want you to focus on is this downtrend line that we've made here since the middle of 2015 started here there's a rejection here it is here it is and here we are again once again at this level okay another thing that I want to point out too and we'll really quick first before I move on to the next thing is that if you notice here this trend line is getting hit spot on okay spot on so it's really really respecting this angle okay why is that important well it's important because if and when it eventually breaks you know that that's going to be significant okay because it's been keeping this stock down for two and a half years okay or maybe more than that yeah about two and a half years it's kept this stock down alright now we've got something we haven't seen in a long time as well we also have the 50 week moving average where the price has been holding above the 50-day 50 week moving average for the first time since over here back here in 2000 the beginning of 2015 before we broke down okay another thing too is as we headed lower it was pretty orderly okay it was pretty orderly wasn't some big dump and some big pattern break we just kind of went down very orderly a little bit so to me you know this could be just some huge bull flag right here some huge bull flag ready to to break out the other thing I want to point out too is if you zoom in here you can see it is we have a really nice somewhat of a head and shoulders or inverse head and shoulders pattern okay if you know me and you've been watching videos of mine for a while you know that I'm not huge on technical patterns and you know the exact definitions of them but when you see something that looks kind of like this you know that's what we really want to focus on alright so we've got the left shoulder the head here's the right shoulder and then here's the neckline right there that's lining up perfectly with that downtrend here so I'm gonna go back to the daily timeframe so I can discuss the next thing here is if you look here we're also right here at ese big red bars in green over here so what is that that's just where the most volume has been traded on my L in the last two years okay that is very very significant hugely significant and it's great that it's lining up perfectly with this downtrend line so if we break over this price point we're not only going to be breaking over the volume point of control but we're also going to be breaking over this downtrend line at the same time so the way that you get a high probability trade is when things like this line up okay you could easily trade the downtrend line a break of that on its own and this would be a good trade or you could easily play the break over the volume point of control and that would be a good trade but we have both of those things lining up at the same exact level and when that happens the odds of the trade working out are very high is it a hundred percent no it's nothing is a hundred percent for sure okay we can't say that but I do like the odds here if and when my L breaches about $40 which is just where we're at right now then it can get pretty explosive the first target would be 45 bucks and I suspect that it'll get there and then kind of take a break and then potentially even break out even higher than this I mean this is a huge huge pattern here so do not sleep on my L it's one of my favorite now looking charts out there so another thing just really quick I'm gonna go over to be my to show you what this can look like all right so here we are in B my same kind of setup here's that downtrend line rejected rejected rejected here we are breaking over the downtrend line and the volume point of control right here at the same time as you can see it went from 57 bucks all the way up to about 67 bucks so a $10 a move on this stock that's a pretty big move in a very short amount of time and see how can get it pretty explosive that's what I'm expecting here on my L and it's great that they're you know both in the same sector and industry so just kind of showing you that as an example of what can happen and this is pretty much almost an identical set up on my L okay except the only difference is that my L is just a bigger version and going back two years whereas the B my pattern was maybe you know a seven or eight months pattern I'd have to look at it again to go over the exact amount but definitely my L is much much bigger prouder so we could potentially see a much bigger breakout here for this stock so that some way out just want to point out we've got this uptrend line right here this volume porn and control support right here if we head back in to about twenty dollars and fifty cents to twenty one dollars I suspect this level will get a bounce and then we'll continue higher from there if for some reason that breaks and we break about twenty dollars yeah let's call it about sorry about that okay so let's say we break about get out of here twenty dollars on Twitter I definitely think it's gonna hit lower down to eighteen fifty but as it stands right now this is support ok this big-time support and most likely we're going to get a bounce and I think that's probably a good long entry right there and if not it's a good risk versus reward you know maybe a fifty cent loss is what I'd probably set it at at about twenty dollars and fifty cents so Twitter looking good for a bounce against this trendline and nd Amazon here you can see bounce right where we had two came down into support you can see it was support from these levels here bounce right around there we called for the bounce around this level okay didn't exactly hit our level we called for a bounce at about eleven twenty and the low of that day was eleven twenty four okay so hopefully you guys caught that low you can watch the videos that we've been doing back here in early December then we were calling for a bounce they're on Amazon so now that we did bounce what are we looking for well we're coming up here ose resistance there there in these last several days we're just holding high and tight building up that energy energy so if we break over about eleven seventy five let's just make it a nice even number a break of 1175 to me that's gonna signal a new breakout here for amazon and then i'd target up here at about 1203 all right 1203 based off of the resistance of these two days right there so definitely looking good for amazon here and you want to be paying attention to that break of this resistance because it's definitely a significant level the next one we're gonna take a look at is netflix and we got a couple things going on on netflix okay so we've got this set up here i'm gonna touch on the 15-minute chart here just because it's a little bit cleaner and as you can see we've got this volume point of control right here at about you know one in 189 189 50 so a break of that and we can see a pretty nice move here up to maybe 193 up to maybe 196 or so based off of breaking over that volume point of control breaking over this resistance here we've been trading sideways it's building up energy is it building up energy for that break higher or that break lower we don't know but if we do break higher okay if we do break higher we've got a lot of resistance above us so if we head up to you know 196 to me that first test probably is going to get rejected and then we'll come back down here into this level okay and then we're gonna kind of squeeze between these two levels here what I mean by these two levels is this downtrend line started here rejection there rejection there and here we are potentially gonna come up to that level right there so that is a big level of resistance here for Netflix that you really want to pay attention to and then if we squeeze between here the break whether it's to the upside or the downside is going to be huge okay I'm interested in playing it either way either way on a break out of the either of these trend lines over the downtrend line to the upside that would be a huge breakout for this stock and then a break to the downside especially if we squeeze here if we squeeze here and trade sideways within this range here for a little while that would be building up more energy and it'd be really really interested in trading it really in both direction so if we break to the downside most likely I see you know maybe head back down to this level here would be that first conservative target and then maybe even down here at 166 where that pretty big level of supportive so we'll kind of see how it plays out that's a long ways away but it's definitely something that you want to keep in mind and and pay attention to and take some notes on for the future all right so the next one we're going to take a look at is Priceline Priceline here is I'm just going to touch on the hourly chart here because it's a lot cleaner so we've got I'm gonna clean up this chart or I'll just delete all my trend lines there and then you can see me draw them all right so here's the hourly chart we've got a couple things going on we've got this downtrend line started here at these highs all right and there's that one okay and then there's this one started right here you can see all those highs getting hit all right high here getting rejected they're there they're there and then we squeezed over that right there so not only that but we have this Bollinger Band squeeze right there on the hourly chart and we also are breaking over the volume point of control you can see right here here's that volume point of control we into it right there got a bounce and now we're breaking over it right here very clearly a very clear break of that level for Priceline and I'm going to delete these trend lines here because I'm going to touch back on the daily chart and it makes it a lot cleaner if you delete those intraday trend lines when you want to see it so what I want to point out here is that we had this dip this big drop here which by the way we've been calling for a big drop on Priceline pretty much ever since we failed and we broke down right here we called for the breakdown right here all right you can watch these videos we did back here in August on our YouTube channel and on the blog if you want to see that and kind of go over exactly why we called for the breakdown but now I think that it's time for Priceline to bounce all right and if you notice here you notice that I keep talking about well it's gonna head up here and lower there I I don't care what direction stocks going okay they can go up they can go down they can go sideways I don't care all I care about is making money on the movement of the stock and that's what you should do whether we're in a bowl chart of a bull market a bear market it doesn't matter okay you want to all you care about is making money okay that's all you should care about is making money when it comes to the stock market all right so leave your opinions and your biases at home play the patterns play the price pattern if that's what you choose to to do I know a lot of people use fundamental analysis but if you use charts got to focus on the charts all right and I personally focus on charts all right so I'll get off my set off my soapbox here so what we had here is this big dip right here this recovery all right and then this little rejection here but notice how this little dip here was very shallow didn't go very far right there and we traded sideways right here built up this pattern here and now we broke over this little resistance you can see those resistance there there here and then we broke over that level right here all right and so to me and this is the first time we're closing over the 20-day moving average we close over the 20-day moving average for the first time since what two months ago is when we were over the 20-day moving average right here the other thing too is that we've got the Bollinger Bands that are very very tight here's the upper Bollinger Band here's a lower Bollinger Band so the range is getting very tight and what happens out of range compressions is range expansion so we're gonna trade sideways here Bollinger Bands are gonna get tight and then we're gonna have a big move all right so that's kind of what we're looking for here is a bigger move on Priceline all right so the next one we're gonna take a look at is one that we called for the upside right here we got our first target that was hit today at 335 that was our first conservative target and we clearly broke over that the next target which I definitely think is most likely gonna hit is right around 350 for approximately 355 354 somewhere around there and that's based off of if you look right here it's some volume resistance right here it's where some of the most volume has been traded here on Tesla you can see it was resistance there and also if you draw Fibonacci retracement level like I did right here here's the Fibonacci retracement level I drew it from the high here to the low here and we've got that sixty one point eight you can see that on the left hand side of your screen that matches up perfectly with that level so that level I can definitely see giving Tesla some trouble here we're gonna pay attention to and monitor monitor it I definitely think that that first test of it um it's definitely going to see some kind of a rejection maybe come back down to 335 and then we'll kind of play it from there okay so 354 or 355 is that level that you want to pay attention to for Tesla I think it's going to get there and then we'll kind of see how it reacts once it gets ther and just start making winning trades as early as tomorrow we give our members start learning and getting better as a trader 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