Trading Doji Candles for Reversals (APP, NFLX, RGTI)

This is the trading playbook where the
charts do the talking and every session
makes you a better trader.
Hey guys, what's going on? Welcome to
the trade trading playbook. My name is
Len Ho here with Verified Investing,
your host. And thank you guys so much
for tuning in today's episode. But
before I go any further, guys, a couple
things. First of all, if you didn't
watch yesterday's episode, go ahead,
stop, pause this video, watch
yesterday's video, then watch this
video. And secondly, please consider
liking this video, subscribing to the
Verified Investing uh YouTube channel
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really helps me and all of us know what
you like, what you don't like, what you
want to see more of. and please let me
know what technical indicators you'd
like for me to cover next. With that
being said, we can hop right into it and
talk about this week's plays.
So, going ahead and sharing my screen,
the first chart we're talking about is
A. And you can see that I have that
Dogee candle indicator on and that D
that dogee is right here on Friday. made
on Friday. So, we can see that price
came down, broke off of earnings, fell
down, sold, sold, sold, made new lows
28% down from those earnings levels. And
look where price went to. Look at this
beautiful level right here. This gap
fill, which we covered in an earlier
video, but gap fill into earn after
earnings into a dogee. For me, this
signals that there could be a reversal
next week. So, this is plan A.
Now, for me, what I'm considering is a
potential long on this position. Not
looking for too much, not being too
greedy, but I think it is feasible that
if we get a pop up, we could see
movement up into the 330 to 338 region.
That would be approximately a 9 to 12%
move higher. Now remember guys, dogeis
what do they mean? They means the same.
That means sellers sellers sellers
buying and selling kind of evened out
after flushing a little bit. Potentially
looking for that momentum shift coming
into a on this
great candle. All right, let's move on
to plan B. This is Netflix. Now, Netflix
put in a dogey candle on Thursday and
has had a great recovery from its lows
on earnings on the 17th of July, having
a nice 22%
move up, followed by that beautiful
dogee signaled by that D. And for those
of you wondering, Len, how do I get this
dogee indicator on there? All I did was
type in Dogee, and it's this first
indicator right here.
But anyways, looking at this, it has a
couple things going for it. First off,
great push up into it. Potential um
candle signaling. It's time for a
reversal. And my favorite part, you
continue to test some nice ups sloping
trend lines. If this particularly if
this ups sloping trend line actually
ends up breaking, I think a short down
up there could definitely play out and
be pretty profitable. As far as price
target, it's hard to say. I wouldn't
look for too much. Like I wouldn't look
for 15%, but we can just take a fib.
So just using what we talked about a
couple weeks ago and saying, hey, let's
say this ends up falling. Could a fall
to the 50% retrace be reasonable?
Absolutely. Right here, um about seven
and a half% lower from a potential
break. So, if price gets there, I
anticipate a good opportunity to short
with the target anywhere under $73.
Right? I think that's that's the setup
I'm really watching. And finally, guys,
and finally, we're going to move on to
plan C.
Now, plan C oftent times for the other
two charts, I use the daily candle. And
what's really really important and I'll
switch to myself there. What's really
really important to note about these
candles and the time frames that I'm
using are that um the time frame that
we're charting in is likely the time
frame where you're expecting that move
to play out. For example, if I have a
head and shoulders on the one minute, I
expect that to play out in minutes. But
if I have it on the hourly or the daily,
I expect that pattern to play out over
the course of a few days or hours. And
in this case, moving to Regetti, this is
plan C.
Where do you think the Dogee is? Now,
I'm on the weekly candle, but where is
that dogee? Now, this is a little bit of
a longer term play here.
Where do you guys think this is?
Now, I'm going to turn on my Dogee
indicator. And boom. There it is.
There's a beautiful Dogee after this
great sell, sell, sell, sell, sell,
sell, sell into earnings pop. And you
did have a retrace on Friday, right? A
little bit of a retrace there
about the 618 retrace, right?
But I still love this level. If Regetti
pulls back a little bit, there could be
an opportunity to buy somewhere or
anywhere below $16 potentially. This
dogee, remember what it means, a
potential shift in momentum. Shift in
momentum. Granted, this is off of
earnings, but right, but even though
it's off of earnings, maybe this could
have kind of predicted it. Should
Regetti turn around and start to push
and break up higher, guys?
you're looking at resistance. You know,
you could easily see this above 20
bucks, right? Making this a very not
only appetizing but also high potential
trade for the future. So, this is a key
level. These are key levels. Anywhere
under $16 I will be looking for over the
course of this next week.
With that being said, guys, that's
pretty much all I have on dogeis. Just
remember, you know, dogeis aren't meant
to be used as single factor trades,
right? There are some things like gap
fills or maybe trend line breaks that
you're like, okay, I can use that even
if it's just one factor. I mean, I I
think that has a pretty decent
probability of playing out. Whereas
dogeis are kind of, you know, trying
helping you understand the overall
landscape of that specific stock, right?
And in in this case, it's important and
if you saw for all of my trades, the
three trades that I gave on Regetti,
Netflix, and App 11, that they the
Dogeis were were accompanied by a
secondary factor there. So, [snorts]
that's something really important that
you're going to have to remember to use
when using Dogeis in the future. Not all
do work out, just like not all trend
line breaks work out. But with that
being said, I think it is a uh pretty
strong indicator that's very useful in
kind of understanding how you know
momentum is the flow of understanding
the flow of momentum. All right,
but with that being said, that's all I
have for you today. My name again here
is Lenho here with Verified Investing.
Thank you guys so much for watching.
Please like this video, leave me a
comment, tell me what you want me to
cover next, subscribe to us. It's
totally free and it lets us create more
free content just like this. And don't
forget the million-doll long-term
investor. The service that I started
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and uh we'll learn a little bit more
about it in the intro. I hope you guys
have a great rest of your weekend and I
can't wait to talk to you next week. Bye
guys.
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