Hubert Senters here.
Let’s take a look at the markets and in last night’s webinar this was one of the stocks that we scan for it on a potential short side.
And I kind of want to follow through and I’m going to walk you through of a little bit of finer details.
So we scan last night in front of a lot of people on the webinar and where’s like hey, UPS is one of the. We’ve had a lot of different ones.
We have. Let me count really quick. We had 10. I’m just showing you this one because it’s a good teaching moment so that you can learn how to use multi timeframe analysis. This is one out of the 10.
So short was found here. It was below the cloud. So we want to short this on to the down side. Now, when you’re setting there going hey, I’m not really sure what I could use this as a target.
So what we’re going to do is this is the daily chart. I’m going to swing this over to the left hand side. We’ll still bring it in there.
And then what I’m going to do is I’m going to come over here and I’m going to bring the 10-minute. If you’re a member from the powerpoint a 10-minute sell signal or buy signal is good for two to five hours.
So there’s your sell signal during the first opening of the markets and you can see obviously it went down the majority of the day so it lasted for more than two to five hours.
Now, notice in this side over here you’re looking at a 60-minute timeframe so we’re talking about a bunch of different timeframes daily down.
And then we’re going to confirm that with a 10-minute signal which is a 10-minute chart right here and then that’s your short and then look where it dropped right to the cloud on a 60-minute.
So you short here. Let it drop. And then you’ve got a mid term timeframe support and you can see that it’s bouncing right there. So that’s how you kind of do that stuff.
I’m going to be showing you some more examples this Saturday on a special live webinar. I’m going to HYPERLINK you to the registration form.
Good luck. Hope it helps. See you on the next video.
Hubert.
