Full transcript
0:00We are going to start this class today.
0:01The topic we're covering is story line.
0:04Story line is just like trend, bullish
0:07trend, bearish trend. In Malaysia, we
0:11call it story line. And let's go into
0:14the chart and see how a story line
0:16begins and how a story line ends. Now
0:20for us to have a bullish story line
0:24remember everything we learned both the
0:27apex the support the resistance
0:29everything is called everything is
0:31called key level your apex your support
0:33your resistance your QM your OCL all of
0:37them are called key levels they all
0:40called key levels so now we have
0:43something like this this is a key level
0:45you see this line here is a key level
0:47we're going to go into the chart later.
0:49This is a key level for us to know if
0:51the market is in a bullish story line or
0:53bearish story line. If this is a key
0:55level here, I'll say this is key level
0:58on the same way we are going to do this
1:01on daily. We can do the same thing on
1:04weekly. We can do the same thing with
1:05monthly. So if this is a key level, I'll
1:08start with a daily key level. We have a
1:12daily key level and we have a candle.
1:18We have this candle.
1:20What we need for us to get a story line
1:22is this. We need something like we need
1:26look at this X
1:30X reject
1:33X reject X
1:37and Y
1:42breakout.
1:45This is it here.
1:49This is the formula we are going to use.
1:51X reject X
1:54then Y breakout for the X there. The X
1:57there stands for
2:00or we can use this X. This X here can be
2:061 month.
2:12Okay. This X can be monthly time frame,
2:16weekly time frame and daily time frame.
2:21That's for the X. The X is just a
2:23variable. Is a variable representing
2:25this MWD. Then for the it X reject X the
2:31same thing. The X there is the
2:36X there is the MW and D which stands for
2:41monthly, weekly and daily.
2:46Then the Y there means the Y for the Y
2:51we have we can have
2:54weekly,
2:56daily
2:58and 4 hour.
3:01stands for the Y. Now the X there stands
3:05for the higher time frame while the Y
3:07stands for a lower time frame. That's
3:09why I said X reject X and Y breakout. So
3:13how are we going to get that? We're
3:15going to call this a key level. It can
3:16be any kind of key level.
3:20This is a key level. And that key level
3:24can be can be SB arrow can be arrow BS
3:30can be OCL
3:32can be support can be resistance
3:37and which I again
3:41that's all right it can be QM
3:45it can be QM
3:48now these are the key levels which we
3:50Um,
3:54so this
3:58line can be this key level can be any of
4:00this. You see how I'm taking my time to
4:03detail it out because we've now entered
4:06the area where we are approaching the
4:08point of be picking trades. So now we
4:10need to get this right.
4:13So this is at the key level. What we
4:15expect on this key level is one, what do
4:17we expect? Number one, rejection.
4:20to get a story line. There must be a
4:22rejection. Number one, rejection.
4:25Rejection means the candle wicks.
4:28Remember this is a candle week. This
4:30thing is a candle week. The candle wigs
4:32through or weeks below or above a
4:36rejection a key level. Remember the body
4:38of the candle must not close below the
4:41rejection we about to draw. It must be
4:44above only the only the week or the
4:48shadow must break the rejection. So this
4:51is a rejection here. The body did not
4:53close below this um key level rather the
4:58week of the or the shadow was the one
5:01that we w through it. Now we have this
5:02rejection on a daily time frame. This is
5:06we have this rejection on a daily time
5:08frame. Now after this what do we expect
5:10on 4 hour which is a lower time frame.
5:14We expect a breakout. And what kind of
5:17breakout do we expect? We expect this
5:19kind of breakout.
5:30This is the kind of breakout we expect.
5:36This is a breakout. We expect
5:40breakout. The market must break above.
5:42This is the breakout we expect. Remember
5:44this high here that will cause the
5:48breakout must be formed. It must is a
5:51must. It must be formed before the
5:54candle did this rejection.
5:58The breakout must be formed. This um
6:01high which the market is going to use as
6:03a breakout must be formed.
6:06It must remember it must be formed
6:08before this market did this rejection.
6:12It is a must. It must be what? It must
6:15be formed before this. Then after the
6:17rejection, this is daily rejection. Then
6:19you expect 4our to break out. When 4hour
6:23breaks out, we've gotten our bullish
6:26story line. Now if you're doing this on
6:29a month on a weekly, then what do we
6:32expect?
6:35Weekly reject weekly. The key levels
6:37must be on weekly. The candle that is
6:40rejecting must be on a weekly candle.
6:42Then the breakout must happen on four on
6:45daily time frame. On daily time frame.
6:49Let me put it here. So you see I'm not
6:52trying to rush the class
6:57for daily. Say daily
7:01reject
7:03daily.
7:09just daily
7:124hour
7:17breakout
7:23daily reject daily 4hour breakout. Then
7:26if we want to get a story line for
7:31for weekly we say what weekly
7:36reject
7:41weekly
7:47daily
7:50breakout.
7:52They want to get a story line for
7:57want to get a story line for monthly.
8:00What do we do? The same thing.
8:04Monthly
8:09monthly rejects.
8:13Monthly,
8:17weekly
8:22breakouts.
8:27This is what we need. This is the
8:30formula we use to get our story line.
8:34For daily, daily rejects daily 4hour
8:37breakout. For weekly, weekly rejects
8:40weekly one day breakout. for monthly
8:43monthly rejects monthly
8:46weekly breakout. Now if this is how a
8:49story line begins, how does a story line
8:52end? A story line ends the same way it
8:55begins. Now we go to this is how we get
8:59a bullish story line to get a bearish
9:02story line. The same thing. This is a
9:03key level here which represents the key
9:07level can be any of the key level
9:09support or resistance that we plant
9:12up here. We now get a candle approaching
9:17any color of candle. It doesn't matter
9:20the color of the candle that did the
9:22rejection doesn't matter. So what do we
9:26expect? The market rejects the key
9:29level. After the rejection, we are
9:32expecting a breakout. And also note that
9:37this
9:41level where the market is doing the
9:44breakout, the low that did the breakout
9:47must be formed is a must. It must be
9:50formed before the market does the
9:53rejection. It must be formed before the
9:56market does rejection because sometimes
9:58you'll be seeing something like this.
10:00After rejection,
10:02I'll say this is the rejection.
10:05After rejection, you now see a candle
10:08forming something like this.
10:11This is not a breakout because this
10:13thing was formed after the rejection.
10:17So your high that caused the breakout or
10:20your low that forms the breakout must be
10:23formed before
10:26the rejection. So now we're done with
10:29this. Let's go into the chart so we see
10:31it more.
10:32Let's look for a rejection. Let's start
10:34with daily. Let's start with daily
10:43to know when a story line begins. Look
10:46at this. We had this place. We have this
10:49um RBS here. You see that rejection?
10:55This is what we call rejection.
10:57This is the RBS. This is the RBS top of
11:00the RBS. You see that? You see the RBS.
11:03Then this candle came rejected. Now this
11:06is daily. We have to go to 4hour and
11:08check if there was a high before this.
11:13We're going to check if there was a high
11:15before
11:17this and we're looking for a breakout.
11:19This is the rejection now.
11:28This is the rejection now. Market has
11:30rejected. Let's go to a lower time frame
11:33which is going to be 4hour and check if
11:36we have anywhere that act as a breakout.
11:38Yes, we have a breakout that that needs
11:40to happen. Where is the area that will
11:43cause the breakout is this point. If
11:45you're confused on where you should mark
11:48your breakout, that's where your line
11:50chart comes in. Again, this is a
11:52resistance here. When the market breaks
11:54above it, that means there's a breakout.
11:56And watch carefully. This resistance was
11:59formed before this market did the
12:02rejection. If I go to my line chart, you
12:04see this is what this is a resistance
12:06that will be broken. You see that? So
12:09when the market breaks here that means
12:11we are now in the bullish story line.
12:16Now the breakout now occurred that means
12:19we are now in a bullish market. What you
12:21should be looking for is for buying. Now
12:24we are not going to look on how we can
12:27buy. We are focusing on story line.
12:30Okay. The same thing we had a rejection.
12:32The rejection was supposed to be here.
12:33Sorry I drew the other one on 4 hour.
12:35This was a rejection on daily here
12:38daily. OC or rejection. Let's go to
12:404hour and look for a breakout.
12:44Now, if you are expecting a breakout,
12:46the closest
12:49resistance is this one. Because if I go
12:51to my this thing line chart, you see
12:54that we have this one.
12:57Two opposite candles causes resistance
13:00and support. Okay, here we have this one
13:03here. We have this one here, which is
13:05there's a resistance here. This is the
13:07white. This is a black candle, bullish
13:09and bearish candle. I'm going to draw it
13:10above here. This is a place here because
13:12even when I come to my line chart, this
13:15area is a resistance. Now, if I look, we
13:19extend the time
13:22that's a breakout. Now, we we are now in
13:25a bullish story line. What you should be
13:27looking for is buys. Now, let's try to
13:30look for a bearish story line.
13:34We've seen this one. We've seen this
13:36one.
13:37Okay, there was no rejection. And again,
13:42was there rejection here? No, we didn't
13:44have.
13:45Okay, there was another rejection. Was
13:47it a rejection? Yes, there was a
13:48rejection. You see the market rejected
13:51this resistance. This was a rejection.
13:54Doesn't matter how far your rejection
13:56key level is. Okay. So, this is
13:59rejection here. This is a rejection
14:04here. And after the rejection, what do
14:06we expect? A breakout from a lower time
14:10frame. So this is a rejection.
14:13Only when you've gotten a breakout,
14:15that's when your story line is valid.
14:19And also note this is the rejection
14:21line. This resistance was formed before
14:25the rejection. So this resistance,
14:29you see it, we extend. It broke. Now the
14:34market is now bullish. This was a
14:36rejection. This was a breakout. So let's
14:38go and look for a bearish story line
14:41because the rest all of them you've been
14:42doing is bullish. They're all bullish
14:45story line.
14:49Okay. Let's use this one.
14:53Let's use this one.
14:56Let's use this one.
15:00You want to look at it. We had a
15:02resistance here. You see um this
15:05resistance extend it to this place. The
15:09market did a rejection here. Remember
15:11the key level where the market is
15:13getting the rejection from doesn't
15:15really matter as long as the key level
15:17is fresh. You're going to learn fresh
15:19and unfresh in the either in the end of
15:22this class or in the next class. So this
15:24is it here. We come down here. There was
15:27a rejection.
15:28Let's see if there was a breakout on a
15:32lower time frame which is going to be 4
15:34hour. We go to 4our.
15:38You want to look at it. You see that
15:40before this rejection
15:43before this rejection
15:47this support was formed. But if you're
15:50confused and you don't you're not sure
15:51if this support is valid or not. Also if
15:54you look below there's also another
15:56support here.
15:58that was formed before the market did
16:00the rejection and if you extend move
16:03further
16:05after the rejection there was a
16:07breakout. Immediately this breakout
16:08occurs this means that the market is now
16:11was no matter how small the rejection
16:13the breakout is. This means that the
16:16market is now bearish
16:20and you you all know why I took this
16:22line to this black instead of here
16:24because we draw our key levels on the
16:27close of every candle not on the um open
16:31close. So this black has closed. Now,
16:34I'll be talking like those that are into
16:36the advance for long. I'm not talking as
16:38if you're a beginner anymore. Even the
16:41people that just joined, I know you
16:42might have watched the video.
16:45So,
16:47let's look for another one before we
16:49talk about fresh and unfresh.
16:53Now, look at this one again. The market
16:56was bullish going up. We had a rejection
17:00here. This is a rejection on a
17:02resistance.
17:04No matter how small the rejection is,
17:06they are all valid by extent. Let's see
17:10if we had a value rejection.
17:13This was a rejection. Daily reject
17:16daily. Daily reject daily. I forgot to
17:19be saying daily reject daily. This daily
17:21reject daily. And we had let's see if
17:25there was a breakout. I'm going to cut
17:28here off.
17:31We'll be doing a lot of back testing
17:33together. So
17:37that was the rejection. And where is the
17:40breakout going to occur? The breakout is
17:43going to be here because this is the
17:46last
17:48support low that was created before the
17:50breakout. So this is place as a
17:52breakoutly. Immediately the market
17:54breaks out of here that means we are now
17:57bearish. So let's see.
18:06There was no breakout yet
18:13then finally there was a breakout. Now
18:16when the breakouts that are very strong
18:18if daily reject daily today and there's
18:22a breakout today that story line that
18:24breakout is really strong or if weekly
18:27reject weekly today and um this week and
18:30this same week did the breakout is very
18:32strong.
18:34Now if we have daily reject daily today
18:37but there was no breakout today and
18:39there's a breakout tomorrow is still
18:41strong but not as strong as the one that
18:43happened on the same day. If we have a
18:45weekly reject weekly, this week, but
18:48there was no breakout this week. There
18:49was a breakout next week is still
18:52strong, but was not as strong as one
18:54that would have been weekly reject
18:56weekly. And that same week did a
18:58breakout. So, I'll go to I'll go to
19:02weekly. Let's check this out also on
19:04weekly. Remember the one we just
19:07finished now is daily reject daily 4hour
19:11breakout. But now we are in monthly
19:13reject, weekly, daily breakout. Let's
19:16take the chart right to the beginning.
19:20I'll do this again. Now we are on
19:23weekly.
19:25Let's look for the market is already
19:28bullish. If you look at my screen here,
19:29this is how I came about this. I always
19:32write monthly bullish, weekly bullish,
19:35daily bullish. This is how the story
19:37line I use. So if I want to see for
19:40story line story line on weekly let's
19:42look for a story line on weekly. This
19:44was when the market was bearish. Let's
19:46see if you see here we had a resistance
19:51here
19:52and weekly rejected. No matter how small
19:55the rejection is as long as there's a
19:56rejection you see all this rejection the
19:59week reject but the body of the candle
20:01does not close above the key level that
20:04is causing the rejection. It must only
20:07be the week. So this is a rejection
20:09here. And let's see if there's a
20:11breakout on daily. Let's remove some
20:15part of the chart.
20:20Now if I want to look at this, I go to
20:22daily weekly reject weekly and daily
20:25breakout.
20:27This was the weekly here that rejected
20:31and the breakout we're going to look out
20:34for. This is where the Okay, let's let's
20:36just extend this a little and see. Yeah,
20:38this was where the rejection happened.
20:40That rejection looking for look at where
20:41it happened and where was the breakout.
20:44This was the breakout here. This one was
20:47already formed before the market even
20:51went to that place to break out. So,
20:53this was this one was formed here. The
20:55market broke out came here daily weekly
20:58went back swept that was the new week
21:01came back broke here this was break and
21:04we start looking for shorting now going
21:08back to the next week let's go to the
21:11week and look for another story line
21:15now we see we have a story line here
21:18let's see if the story line was
21:19confirmed we had not every time the
21:23market rejects that it's going to form a
21:25story line. Sometimes it does rejection
21:28but there's no story line. You're going
21:30to know why later. But for now, we had
21:33this rejection on this week. It was a
21:35weekly rejection. Let's see if there was
21:38a breakout on
21:40that story line. Yeah, here was supposed
21:43to be the this was the rejection here on
21:46daily was supposed to be the breakout or
21:49make the market to be bearish. But the
21:52market went up. See, not every time the
21:55market does a rejection that will lead
21:57to a bullish story line or um Gary story
22:02line. That's why we always need to wait
22:04for breakouts before we can confirm a
22:08story line. Let's check another one.
22:11Let's check another one.
22:15The final one. Now this market is
22:18bearish. Look at this. There is what?
22:20There is a rejection here.
22:24rejection here. Look at the rejection
22:26candle. This candle rejected
22:30then look at let's see it was the
22:33breakout
22:36after the rejection weekly reject
22:38weekly. Remember the key level that is
22:41rejected doesn't really matter any key
22:44level at all. weekly reject weekly here
22:48and we go to daily to check if there's a
22:51story
22:53line that I said. So after the weekly
22:54reject weekly there is a resistance here
22:58that will need to confirm the breakout
23:01until that stop is broken there's no
23:03story line we broke it then story line
23:05was set we start looking for buys now
23:10before we close the class for today we
23:13going to talk about fresh and unfresh
23:16now what's the meaning of fresh and
23:18unfresh for those coming from other um
23:21um concept of trading like SN MC you use
23:25the word mitigated and unmititigated.
23:28Now fresh and unfresh means when a level
23:31is still valid.
23:34I'll write it down.
23:39Let's say fresh.
23:42Fresh means
23:46fresh
23:49means
23:50unmigated.
23:55Unfresh means
24:01unfresh means
24:04mitigated. And you know what mitigated
24:07and unmmitigated means already? You guys
24:09did SMC so you know what that means
24:12already.
24:14Fresh mitigated means that the the level
24:17has been used already. Unmititigated
24:19means the level is still valid to use.
24:21Now how do we but we're not going to use
24:24the term mitigated or unmititigated. We
24:26use the terms that corresponds with what
24:28we are trading. We're trading Malaysian
24:30scenario. And the terms on Malaysian is
24:33fresh and unfresh. So fresh means that
24:36the level is good for us to use. Most
24:40times story line the valley story line
24:41used to start from a fresh level. If I
24:44look at this level here, I want to lose
24:47here as my story line. If I look at this
24:50key level, I'll see that this key level
24:53is still fresh. Why is it fresh? Because
24:56no week has come below it. No week has
24:59come below this key level. The key level
25:02is still fresh. Understand? It's still
25:05fresh. Now, if I want to look at this
25:10resistance, if I look at this resistance
25:12here, this one that was here, when it
25:15was here, when this week did not come
25:18here, the market was still fresh. Okay,
25:21we need to take back the replay. So,
25:23understand. Now at this point this area
25:26is still fresh because no week has
25:29touched it. Remember for a key level to
25:32be on fresh only the week only a week of
25:36a candle wick of a candle or the shadow
25:38of the candle can make a key level to be
25:41on fresh. The body breaking above or
25:44below does not make it on fresh. It
25:46still it still remains fresh. So now
25:49this level is fresh. Then we had this
25:53week. Now this level is on fresh is no
25:56more valid to use again for now. It can
25:59still become on fresh again but for now
26:02is on fresh because we have a week that
26:05we throw it and fell. So it's on fresh.
26:09Let's look for another fresh [snorts]
26:10and on fresh level. We have this one. We
26:14have this support. This support here
26:17when it was broken
26:20here, when the market broke it at this
26:23point, it was fresh. This support was
26:27fresh.
26:30When it broke here, this QM is a QM. It
26:33was fresh. It was fresh. Still fresh.
26:37Now when a new candle came and tapped it
26:41and left it became unfresh because
26:43there's this week a week of a candle has
26:46mitigated it. So is no more fresh. This
26:50area here is still fresh because no week
26:53has touched it yet. You see? So it's
26:56still fresh. Let's look for another
26:59fresh and unfresh level. Now I'm going
27:03to show you how an why how unfresh level
27:07can becomes fresh again. Now watch
27:10follow me carefully. Follow me. I'm
27:12going to remove some of the chat. This
27:13was the reason why I did this um
27:15subscription so we can enjoy the
27:20learning together. Not you enjoying with
27:22learning with the market you already
27:25seen.
27:26Now this area is fresh. This resistance
27:30is fresh. We had a candle come here
27:34wicked above it. It became unfresh. Is
27:37no more fresh again. We cannot use this
27:39area as resistance again because it has
27:42been mitigated and is no more fresh. You
27:45see it has been unfreshed. You see it
27:49was fresh before. When it was the last
27:52man standing it was fresh. We had a a
27:56candle came through it. It became
27:59unfresh. No more fresh again. Remember
28:01this is a resistance. We can only use it
28:02as resistance. As it we no more fresh.
28:07We had another candle again. Broke
28:09through it. Another candle broke through
28:12it. It became fresh again. You see at
28:16first it was on fresh because this one
28:18we w through it. But immedately a candle
28:21breaks through it. It becomes fresh
28:23again. So this thing became fresh again
28:26to use. And you're going to use it as
28:27what? As um ARBs. When the market comes
28:31back down, then we saw a candle came. It
28:34was C fresh came. Use it. As long as the
28:36candle touched it now is no more fresh
28:39again. This is on fresh. It's no more
28:41valid to pick a trade is on fresh. The
28:44only time it will become fresh again. If
28:47another candle opens and closes below
28:50immedely close below it, it has become
28:52fresh again. We can now use it what
28:55again? as a resistance. You see that? So
28:58when a candle closes bel above or below
29:01a key level, it makes it fresh again.
29:06When a candle, remember when a candle
29:09body closes above or below a key level,
29:13it makes the key level fresh again. So
29:18that is it on fresh and on fresh. Let me
29:21put more examples so you you get it.
29:27I'm looking for
29:29Now look at this one. Let's let's let's
29:32use here. Let's use here.
29:36We have this OCR which is fresh which is
29:40still fresh. You see that it's very
29:42fresh. Now if I have a candle come here
29:44wick through it. This candle is no more
29:47fresh to use. It cannot be fresh again
29:49to use. But if we now have, you see,
29:52it's no more fresh. But if you have
29:54another candle, do something like this.
29:57Come back, close below it. That means
30:02this candle is now fresh to use again.
30:05The key level is fresh to use again. You
30:08see now the same thing here.
30:12The same thing with this one. Let's see.
30:14Was it fresh? Yeah, this one was still
30:16fresh. This one didn't touch it. That's
30:18why this candle letter came back and
30:20touched it here. Even after the other
30:23time, it still remained fresh.
30:28So that's it about fresh and unfresh
30:32level.
30:34Fresh and unfresh level. Look at this
30:36one. This one never became on fresh.
30:39Look at this one here. Let's see this
30:42one. This is an OCL.
30:45This is an OCL
30:47here. Very fresh. You see very fresh.
30:51The candle came went below. It is not on
30:55fresh. It's still fresh because it was
30:57not a week. It was body closed. It's
30:59still fresh.
31:03The next candle went above it. Is still
31:06fresh. It has never become unfresh
31:08before. It has always been fresh because
31:10this one came close below. It did not
31:13weak. It closed below. It's fresh. This
31:15one came climb above. still fresh. That
31:18level is still fresh. Valid to to be
31:20used as rejection. Valid to be used as
31:23what? As a rejection. We have another
31:25one that came now that we through it.
31:28That means this is no more fresh again.
31:31This is no more fresh. The only thing
31:33that can make this level to be fresh
31:35again. If is if the candle another
31:38candle opens like this and comes below
31:41it, that mean it becomes what? Fresh
31:44again. You see? So, but for now it's no
31:48more fresh because there has been a
31:51week. So, we only get count um a
31:55breakout valid or we only count story
31:58line valid when they come from fresh
32:01levels. You know your rejection I mean
32:03to say your rejection should always come
32:05from fresh level. Only on some cases
32:09where we can get rejection
32:10[clears throat]
32:12from on fresh level. You're going to
32:13learn that. But for now your rejection
32:16should come from
32:18fresh level.
32:20Now the only time you use on fresh level
32:23is this. If I have
32:28weekly my weekly
32:32is
32:34okay.
32:35Let's delete that. Let's go to a lower
32:37time frame. If I have my weekly,
32:42if I have my weekly and my weekly is
32:46I'll do like this. My weekly is
32:51I'll say bullish. My weekly is bullish.
32:56Then my daily
33:00is
33:01bearish
33:04and it got to a certain point. got to a
33:07certain point then my I had a rejection
33:12on daily and that rejection on daily is
33:16coming from an fresh level I'll still
33:18wait then there's now a breakout after
33:21the rejection from an unfresh level and
33:24that breakout makes daily to correspond
33:28again
33:30to match up with weekly becoming bullish
33:34that means making b um daily to be
33:37bullish. That means
33:40that means that that story line is valid
33:45because despite it came from an unfresh
33:48level but since the story line has now
33:51match up with my weekly again that means
33:56that area is considered my valid story
33:59line.
34:01You understand? So if that if the on
34:04fresh rejection and breakout makes your
34:07story line your daily story line to
34:09correspond with your weekly then you can
34:12take that on fresh level story line very
34:15good and you can use it
34:18you are getting the point
34:23so
34:24I'm drawing
34:27so and let's just see another one fresh
34:31and fresh very simple that's why I took
34:34my time to explain it I even went
34:37on removing some charts so you see how
34:40they work now see this one
34:44we had weekly we had a rejection we had
34:49a rejection here you see that this one
34:51rejected this ski level rejected
34:55rejected
34:56from here rejected this one rejected
35:00here
35:02rejected
35:04here but what did I do I use the one
35:07that is the lowest which is this one
35:09always try to use one that is the lowest
35:11so after rejection the market there was
35:14a breakout continue coming back again
35:18coming back again
35:21we almost had another rejection but
35:23already if you see we had a rejection
35:27here.
35:32Now this place might look like an
35:35unfresh level because it has been used
35:37as rejection before. I can now come and
35:40mark here. See I'm using as my rejection
35:42all the way down to this place. No,
35:45because this this area is on fresh
35:48because this area this one already
35:49mitigated all this one. I can now come
35:52and mark here and say I'm using here.
35:54Okay, this place as my rejection or I
35:56say I'm using here as my rejection. No,
35:59because this key level are no more
36:01fresh. You see this, they've been
36:03mitigated. They are no more fresh.
36:07But why is it that the market rejected
36:10here and still continue to use this one
36:12again? Now we not using this one. We are
36:13trying to use this one here. Why is it
36:16that the market used it here and also
36:18came back and again? The simple answer
36:21is this. If
36:24a market if this area is on fresh listen
36:28very carefully if the key level that did
36:31the rejection becomes unfresh but did
36:34not lead to a breakout that area can be
36:37used again as rejection
36:41now what I mean is this we have a key
36:44level here and we have a first candle
36:48came here rejected
36:51after the rejection
36:54This did not lead to a breakout. There
36:56was no breakout on lower time frame.
36:58There was no breakout like this on the
36:59lower time frame. And we had another
37:02rejection again. We have another
37:04rejection from another candle. It's this
37:07key level still be valid because there's
37:09no rejection. But as long as there's now
37:12another there's a rejection that leads
37:17to a breakout.
37:20Leads to a breakout. That means this key
37:22level is no more valid. As long as the
37:25rejection does not lead to a breakout,
37:28that key level is still very valid to be
37:32used as rejection. Hope you get me. As
37:35long as that rejection does not lead to
37:37a breakout, that key level can be used
37:40multiple times as rejection until it
37:44leads to a breakout. Immediately leads
37:46to a breakout. It's no more valid to be
37:49used as a rejection.
37:52So that is all we had to learn today. We
37:56learned how we story line start. We
37:58learn fresh and on fresh level and
38:04we've learned that we can get um our
38:09rejection from any key level at all.
38:13Yes. So that's everything you need to
38:15learn in this class today is this
38:19go on daily and weekly mark two um story
38:24line one bully story line on daily one
38:28story line on weekly one blue story line
38:30on daily one be story line on on weekly
38:35after that mark and all of them should
38:37come from fresh level and after that
38:41mark two fresh levels on daily, two
38:44fresh levels on weekly, two on fresh
38:47levels on weekly, and two on fresh
38:50levels on weekly. That's the assignment
38:53for today's class.