You ladies and gentlemen thirsty. Because if you are you shouldn't be drinking this this you need to be drinking diet all right get into it guys these are plays that i think are gonna make some money this week. I've picked out three separate charts that i have uh drawn up some levels for that i'm personally gonna be playing this week. That i'm gonna be watching this week.

Figured i'd share them with you do with this information what you will uh and i'm not gonna waste any of your time. Let's get straight into it i guess i did waste some of your time you watch me drink water for a couple seconds as a preface number one thing monkey pox. The who declared monkey pox. A public health emergency of international concern.

This leaves the option on the table for all of these setups that i have to be invalidated and what i mean by that is if we get a crazy gap down or any sort of a gap down from the market as a reaction to the monkey pox news uh. That is going to affect all the charts that i have set up right now which means they may be worthless all right i want to preface with that because that could be the case with a lot of charts that exist out there. So if you have setups in mind just keep in mind unforeseeable circumstances can take place. And you kind of have to adjust as things go.

Nonetheless if monkey pox doesn't gap things down these are some nice charts. I think they look good and i want to talk about them my three charts that i've got are snapchat neo and meta. There's a reason behind all of these. I think that all these have good money making opportunities for both the call and the put side except for snapchat snapchat.

I would not play for puts myself personally uh so i'm gonna go over sort of what i think makes the most sense uh for snapchat and i'm also gonna sort of outline uh what i'd be watching for in terms of risk and reward. And what i mean by this so when we've got guidelines here. It's the same as the previous video right there's two types of uh trades that you're looking for in these scenarios. One is channel trading right taking advantage of a pattern of trading and number two is breakout trading.

So really the big thing here uh with snapchat neo and meta. Frankly is these are all channel trading place you're taking advantage of channel trading back and forth between specific zones and every single one of these that would allow you to make money. Perhaps. Neil you're able to captivate uh.

Sort of on a breakdown. Which would be the same as a breakout. If everything plays uh as planned. But we'll get into that as we sort of go snapchat.

This would be considered to me a channel trading play now this is a weekly outlook video meaning you might not have the opportunity on monday you might not have it on tuesday might not have it on wednesday. It could take three four five days for this sort of setup to validate and uh become attractive uh. But there's two ways in which i would enjoy playing snapchat. My favorite one would be if i see it come down and test this white line right here.

Now if it was to happen tomorrow. That would mean that snapchat would drop about another. Dollar it would go from 990 down to about 873. Which is a significant drop off i i don't know what that is percentage wise.

But thankfully tradingview will do that for me if we were to take it all the way down you were dropping another 13. So if snapchat's down. 13 tomorrow. It would hit sort of that bounce zone that i think is going to happen.

Why do i like this dotted. Uh or dash falling support line. Because every time that it's tapped this it has bounced right. So if you're looking right here.

And you're looking at sort of this line. It's got to bounce off that line if you look here same exact thing right now. It's on a trajectory to come down test this line in which case that would be the third time that we have seen a test of this falling support line. I believe if it touches that support line you will get a push up.

But there's also the chance and the opportunity that it will not touch that white support line because i thought about this right. It's already down 39. There's a reason that i don't like the the sort of opportunity to play puts on this and it's because the risk reward doesn't really make much sense to me why well risk reward is all about how much are you willing to risk versus. How much you can make and if i'm playing puts and i personally think that snapchat is close to uh sort of a bounce territory.

I think it's close to needing to get some relief uh. I think it's close to shorts. Perhaps covering some positions. It doesn't really make sense for me to try and captivate on another five percent move down 10 move down versus.

What could be a 10 20 30 move up right. I don't want to catch the back end of a move. I want to catch the start of a move even if i'm a little bit early right so r and r. Wise.

I don't really like the put side of this which means. I think that it's going to reverse. Even if it doesn't touch this white line now what i have here are candlestick patterns. These are typical and i just got this off the internet.

So you can find the same thing. But if you want to pause the video and uh screenshot. It you can certainly do that these are reversal. Candlestick patterns right take a look at them this would also be an opportunity for you to take advantage of snapchat.

If it shows one of these things right evening. Doji star. Bullish harami bearish. Engulfing.

Blah blah blah. And go on and on and on the whole list whatever uh. But if i see that on a one hour time frame. If i see one hour time frame reversal.

Uh candlestick pattern. Something like for instance. If this is a red candle r for red. We get a hangman and then you get a green candle right.

I would want to be a buyer somewhere in this territory between the the doji and the green candle right. It's the same sort of uh thought process behind the the picture. I just showed you right you're trying to take advantage of sort of the reversal and not the back end of the move uh regardless. I like snapchat for calls don't like it for puts.

I think that's what the best risk reward is for that play uh. You do as you see fit. This is probably the one that would scare people the most to be frank. It is down a lot it could go down more specifically.

Because of monkey pox. You know if if stocks gap down shorts are just gonna see this as a really solid opportunity to uh continue to hold their positions. Which by the way i don't really think they've covered focus on the 15 minute time frame. No buying pressure whatsoever.

Just pure sell off and into the end of the day uh sellers lost some strength. I mean the volume was fading as it came down. Typically a good sign that sellers are losing some of the momentum that they previously had neo neo. I like for both calls and for puts both have beautiful opportunity the first one that i'm going to show you is for a put.

So if you look at this yellow circle right here. What you're going to see is that it is broken down from this bull flag when you have a bull flag typically you expect it to uh push to the upside it doesn't always do that right. But i'd say eight or nine times out of ten that's typically what happens this time it has broken down from the bull flag. Which leaves two opportunities right number one number one what could happen on the put.

Side is it could come back up and re test. This falling green trend. Line with touch points. On.

29 june. 5. July. 6.

July. 12. July. 15.

July. 19. July. It could come up re test and push down.

I would want to be long on a put on that retest and rejection off of the previously respected bull flag channel right pretty simple pretty straightforward. The flip side of it is you can also be a buyer for calls right so if this happens and instead when it comes up to retest it breaks. I want it to do the exact same thing retest and push back up here. You would want to be a call buyer.

That's personally what i'm looking for i won't take the trade unless. There is a retest. I like the retest. I like to see patterns be validated.

I like the extra confirmation sometimes i miss opportunities because of it. But that's okay. That's personally what i enjoy and that's person. What i found works the best uh you gotta do what's best for you regardless uh.

If you're a call buyer. I'd be targeting uh of the top of this green trend line right here. If you're a put buyer. I'm watching fib levels.

Uh 1164 is a bottom pretty solid. As the top 24 40. And then you're just watching all these lines. The 382 is 1952.

I think if it breaks down. I'd probably be watching about 18 and two cents as sort of uh a level to be pretty watchful for uh to make some money right in the same way let me come back to snapchat as i realized i didn't go over sort of what you could be looking for moving forward on snapchat. A little bit of a different situation. I would probably just be watching the overall sort of demand zone supply zones.

That presently exist. You can see that there is a zone right here right that would be considered probably supply so if it bounces up off 990 to uh let's just say. 12 26. You could see some rejection there right that's just a sort of starting point drop.

Some supply and demand zones watch for the one hour reversal. Candlestick patterns. If you're playing it on a shorter time frame. It's the same concept.

But with five minute candles three minute candles one minute 15. Whatever you're using right so that's neil right. I'm watching that for a call scenario for a put scenario. It's just the fib levels next one meta meta is probably my favorite chart.

Meta to me is on this falling white support line right now and if you look at the rsi. This is what i like the most i like pattern recognition. I like to look at a pattern and say yep. This is something that has repeated for quite some time you can see rsi when it taps down here at about 30 likes to reverse back up here to about 70 does that mean it's going to happen no right.

But when you back that up with a couple different key things. What you find is a divergence right so here you see price is going up. While rsi stays. The same that's a divergence.

Which means it could be a leading indicator as to price action that could come in the future so just keep this on your radar myself personally i have a bias towards thinking this will go up right. But it might not uh maybe it bounces up off this yellow white line. That's personally what i'm watching for in which i'd be targeting this uh falling dash line. Which has uh price points.

That touch at 0 4. February. Uh. 10.

February. Uh. 28. April.

16. May it's 3 june. 9. June.

And then 21 july. I think it would come up and retest here same concept as before same with neo same with uh you know just neo. I suppose i want to see it bounce up off this trend line you're gonna bounce up this trend line. I'm gonna be a call buyer.

I'm gonna be a call buyer and i'm gonna be looking for it to tap the top of this falling trend line right. Here flip side. This is why i like metal. A lot meta has set up beautifully.

Because it can have the exact same move to the downside right albeit. I want the confirmation when it breaks. If it breaks down from the falling support line comes back up and retests and then rejects put buyer bam. Nothing else to it that's it i'd be targeting falling uh support.

This is about what it falls to if it was to happen. Within the same week. You'd probably be looking about 148 bucks uh. There is also demand.

I'd say at about 160 159 target right about there change the color to green and bada bing bada boop those are the plays for the week. I'm gonna keep it short simple sweet to the point that's all i got uh. These are what i'm gonna be watching for this week. You do what's best for you i hope you all have a good one appreciate you take it easy as always much lovely taps peace.