Don’t get Sucked in – Another Drop Is Coming | Head and Shoulder | Mining Stocks Slingshot Coming

Don’t get Sucked in – Another Drop Is Coming | Head and Shoulder | Mining Stocks Slingshot Coming

all righty Traders so do not be sucked
in by this rally that’s happening in the
market since the last couple of days
because I believe it’s a bit of a sucker
rally before the sellers come back in
and knock it back down also I want to be
sharing something that’s happening with
the mining sector right now also
something’s happening with Microsoft
right now there could be a really
significant topping pattern happening in
Microsoft and
also last but not least there’s a
there’s a bit of a sector rotation
happening in the car sector right now
sector rotation happening in the car
sector right now let’s get straight into
it don’t place a trade based on what
you’ll see in this video because there
is no guarantees of making a profit in
the market it takes you a long time to
become a good Trader so this video here
is just to educate you to become a much
better Trader all righty Traders let’s
get straight into it uh Traders make
sure you grab access to that free
trading course as you can see on the
screen right now make sure you grab
access to that and make sure you um yeah
you you you start to utilize all all the
training in there if you want to become
a good Trader then make sure you get
access to that so uh coaching is closed
right now guys as well too if you guys
have been emailing me coaching is now
closed it’s done and dusted no more
applications I’m done and dusted for
that there so coaching is closed for
that for now um let’s have a look at I
was just looking at well Faro just
recently so let let me show you what I’m
saying here so first let’s start off
with the good old stock
market this is a soccer rally sucker
rally sucker rally sucker rally do not
be do not be sucked in by the suer rally
okay let me show you what I’m saying
here so let me bring up a blank chart
from here all right so we’re going to
bring this up from here from there to
there and let’s go look at say the Dow
Jones right firstly look what’s happened
here on the Dow JS right there’s there
is there is here let let me show you
this here right you know sometimes when
you when you go to say something and you
have like 14,000 thoughts s like and you
go to say one but then you start saying
the other then you
start that’s what happens
to brain freeze let me show you this
here guys look at this so if I’m showing
this here let me actually go down to the
alley chart because I think it’s a much
much much more clearer on the Aly chart
here if I show you what’s happening on
the Aly chart look at this we had what
see these high lows higher lows higher
lows higher lows higher lows all right
higher lows all the way up look at this
here lower low now if we do Traders if
we do indeed start to fail through here
which there’s probably a high
probability of that happening if we
start to get a fail through here and we
start to get a rolling over like that
coming back
down then guess what we are now going to
be heading down towards at least 36,000
if not probably a bit more than that on
there so this actually is this last
couple of day rally as you can see here
from a Candlestick
perspective this last couple of day
rally through here guys h i don’t buy I
don’t buy get ready get ready for for
for them to to to drop it on you okay um
that’s what I’m looking through there
also guys uh when it comes down to um
what I believe is coming see these boxes
through here I won’t get into too much
detail of how I draw these boxes here
but just show you here that we had this
movement from here to here in this box
so now this box here I’m
expecting this box here is is is
basically I’m expecting something like
this to happen right and then towards
the end of the and then towards the end
of the year we can start to see
something like that happening as well
too so I believe the second half of this
year guys is going to be really really
really strong uh but from now to then
guys especially not right now sucer
rally sucker rally sucker rally so if we
go look at say the NASDAQ now look at
this here from a NASDAQ perspective
NASDAQ did what NASDAQ actually did a
false breakout to the upside there’s my
there’s my box once again guys so this
is what I see I see this being filled in
from basically sideways up down see how
we got all this movement through here
that’s basically what I’m expecting to
see
happening and then possibly and then
possibly something like that happening
through there but this move to the
upside let’s go back to the houry charts
let’s squeeze this up here look at this
here this is the really really really
the market speaking to us right now
right so we had this big strong drop
down through
here all right strong drop down now
we’re coming back up there’s a high
probability we’re going to start to roll
over now and create another lower high
and down there cuz why we were in a look
at this here strong upward Trend then we
flattened out now we’re actually
starting a bit of a downward trend from
here now guys this are hourly charts
remember allly
charts and the thing about the charts
right is that it’s just that right so
it’s more looking at the and especially
looking at these daily charts through
here right it’s more looking at you know
what’s what’s to me what’s likely to
happen over the next couple of months um
and that’s the reason why this rally
we’re getting right now on the daily
charts is probably going to be you know
sucked in it’s probably going to suck a
lot of people in let’s go back to the
also back to the S&P 500 look at this
here S&P 500 big strong move up a move
down now we’re getting a rally up let’s
go back to those houry charts once
again and this is the really big key
here right guys really really really big
key here right so come down what we need
to confirm this as a downward trend is
up through there and then we have a move
down and if we get a Breaking of that
low then guess what we are likely to see
uh that’s when we likely to see the real
strong sell off right this sort of this
sell off that we’ve seen this last
week uh I don’t think it is I don’t
think that’s going to going to be the
the one that’s going to really freak
people out okay I believe the second leg
the second leg is always strongest in in
moves from there and so I believe the
second leg down is going to be the one
that’s going to really really sort of
freak people out when it comes to that
from The Good Old Stock Market from
there so let’s go have a look at the um
let’s go look at the mining sector now
looking at the mining sector Traders one
of the big things I’m looking at the
mining sector even the gdxj as well too
is that we have completely an idol
broken out of this level through here so
while I do see some more drop coming
through here I believe this drop is a
mock charge for a slingshot move coming
to the upside for me so I do see more
downside coming on the short term I see
actually a lot of weakness across all
markets coming coming from there um now
the other thing that I want to share
with you guys is check out this
Microsoft check out this I was actually
sharing this with my client
today look at this here in Microsoft is
Microsoft about to form a Head and
Shoulder
formation is this a what do we have here
look at this here right move up
shoulder head oh we about to get a
shoulder formation if
so there to there projected down we
could be getting a move ready now for
the for Microsoft they come back down
towards towards around the 340 body Mark
if indeed we do start to see this Head
and Shoulder formation start to play out
right so it’s really really really
really really key from there and the
last thing I want to share with you
today Traders is check this out this is
pretty cool we all there’s there’s been
a very big loved child when it comes to
Tesla right um even there’s been some
back and forwards about people shorting
Tesla and then Elon Musk has been saying
yeah how the how’s those shorts going
for you and all that sort of stuff right
all that sort of
stuff and now looking at this level here
right there’s been a reasons why there’s
been a reason you can see the reason
there’s been a reason reasons why people
have been shorting Tesla because you’ve
been seeing I think Michael Brey was
short Tesla for there for a while um I
think Bill Gates was anyway so you can
see there’s just there’s just a lot of
things um happening here but um the
interesting thing when it comes to the
car sector here check this out so Tesla
has been going down the thing that I
look about with Tesla is like Tesla was
one of those big love child right it’s
like Tesla Tesla Tesla Tesla was a big
Lov child and now that thing happening
with 4,000 trucks being pulled
back
wow wow like what’s going to happen
there I don’t know um by the way guys do
you guys own a Tesla uh if so how is it
I’ve never owned a Tesla but my kids are
like there that there’s a
Tesla so I’ve never I’ve never owned
I’ve never owned a Tesla before but look
at this here the Tesla’s gone down but
when we start to look at say say the
Ford Ford Motor Company Ford Motor
Company is actually being stting the
from bottom and going
up what about General
Motors right look at this here General
Motors has been in a very very very
strong movement to the upside so I’m
seeing at at least some of these car
companies guys there’s been a massive
there’s a a rotation in the car sector
right now massively where a lot of
people were not interested in other
sectors where it just seems like Tesla
was that big company right now Tesla’s
been getting hit hard but there’s a lot
of buying action coming into the actual
uh car sector from there so anyway
Traders there’s a bit of an update for
you across the world have a great day

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