1.31.24 In this video I talked about some follow-up on Exxon which found a reversal at support and went up a good number of points to make this a nice scalp trade and a minor swing trade for traders who trade like this. There was a two bar reversal to short today and because of that I believe it probably will correct lower but I suspect that oil will move higher than this but not until it corrects.... and I will follow up on this once the market has a chance to move in one direction or the other from this point. Then I ran across tesla that I think is going to trade higher because of price action earlier in the week... but it got lower today and I explained why I think that could be a bare trap and why there will be some traders who will actually take this as an opportunity to go long even though tesla in general is bearish. I explained this in the video. I spent a lot of time showing the details of using the tools that I use in this video. it's going to be laborious and to some people it will be superfluous and unnecessary. I don't believe this is true and I think from my own experience that careful analysis of a chart without so many tools that are available on most of these programs.... you can learn to read a market much more efficiently and with greater detail that's not superfluous.... it actually shows you where the buyers and sellers are on the chart and it's much more immediate and accurate than most better offered on the software.