 My name is Steve Rhodes as we do each and every Monday at 20 past the hour and don't forget folks, Steve has an outstanding show here every trading day. One to two Eastern Standard Time, also great newsletter, which is very easy to get, Mastering Probability. Now the way you get Mastering Probability, come over to our website at TFNN, you're going to go right under Newsletters, you'll see it on the right hand side, you just hit subscribe, you can get Mastering Probability for one month for $149, six months for $695 which is a savings of $199 or 22% and one year $1195 which is a savings of $593 or 33%. Now folks they all come with a 30 day money back guarantee so if you're checking it out you know you can look at the six month, you can look at the year, works for you in the end of the month, great, okay you can keep it, it doesn't, guess what, you get your money back. And it's a great newsletter folks, bottom line each and every day Steve's going through this market. Steve Rhodes, what's going on? Well, I'm kind of disappointed no game seven for you and I to watch tonight. Yes, I know. How about the five game sevens over the weekend for those of you that are hockey fans out there which is really the ultimate. Especially a whole different ball game, right. And now we've got Tampa versus the Panthers so we've got to come up with some kind of name for that, you know like the Thrill in, Manila, but you know it used to be like it you know for Orlando could be the I-4 but we don't really have a you know direct corridor that would connect Tampa to Sunrise the area where the Panthers play but it should be great, should be great tomorrow, I'm looking forward to it. And the amazing thing is when you think about it, when you go back in time folks you know like Steve from Detroit, great hockey city, I'm from Boston, great hockey city, Florida folks is such an amazing hockey state it's unbelievable. It really is. Absolutely. I mean you know fans are here it's unbelievable I just got off the elevator because you know we had a couple floors here and you know the guys are getting on they're all excited they're all weekend you know what I mean, getting a hotel room even though they're only like 20 minutes away but I can you know I can understand why so pretty wild. Yeah, yeah. And I'm glad you're feeling better man you're a trooper. That's yeah. Well I'll tell you bronchitis for this one. Yeah. I think I've had it before but this time around the way that it affected my glands or my tubes or what have you. Right. I would walk up a flight of stairs and be just totally out of breath. Oh isn't that weird? Yeah. You know I mean I after like after the second day of that he immediately went to my cardiologist. Yeah. You know like you got to check this out so what the heck is going on here. Yeah. I mean during COVID I never. No I listen man I know what you're saying and folks if you don't know what he's saying that's a beautiful thing but I had that happen to me a few years ago. I said what just happened to him man I'm you know you know it never happened. I was going to have a block and I said okay something's wrong here man. Yeah. Especially when I started feeling like chest pain which was just because of the inflammation. All right. You know the good news is drugs and stuff like that helped to knock it out so I'm just there with the remnants of it. Yeah it sounds good now man totally. Thank you. Thank you. Hey I thought we'd talk just a little bit about Japanese candlestick history. Okay cool. There's a guy named Yoda Kean. I'm sure I mispronounced it but he's the guy that actually began trading with Japanese candlesticks. Yeah. He was a successful war merchant. He had a great ability to transport, to distribute, to set the price and it really became well known and he did this out of his front yard in the 1600s. Unfortunately he became really wealthy unfortunate because the military government back then 1600s led by the Shogun decided to relieve him of all his fortune because they believed that he was living above his social rank in lifestyle. Yeah. And there were a couple of other guys that came in there and they were watching what he was doing. Other merchants they tried to corner the race market. Those folks were punished by having their children executed out there. That's kind of like the history of Japanese. The human race man. Exactly. But still today if you are in Osaka you can actually visit. There's a plaque out there. You can visit what used to be his front yard. Wow. Nice plaque out there to cover that. Japanese candlesticks, folks there's just simply one way for buyers and sellers to communicate to you and I. Tom talks about volume and swing points. That's a way that a market communicates. Japanese candlesticks are another way that a market communicates. Japanese candlesticks are easy to understand. They communicate the health of the market. They identify early indications of a change in trend. They provide us with nice unique insights out there. They're really great tools. Folks that subscribe to Mastering Probability. There's a workshop that's out there that will take them through that. The misconception with regard to Japanese candlesticks is that you can't just trade on them alone. The way that you want to do that is integrate this into the different patterns or indicators that different people use. Here's an example of some of the bullish candlesticks that are out there. Now if you take my workshop I'm going to show you the exact seven that you need to focus on and the cool thing about that Tom is you get either the seven bullish or the seven bearish that's all you need to know because just the opposite. So if you get the seven bullish it's just the opposite for the seven bearish out there. So very easy but extraordinarily helpful. So why are we talking about Japanese candlesticks? Because last week and if we take a look at this the weekly chart for the NQ and the weekly chart for the NQ formed a Gartley by pattern and it did that when it so for me in my work in the A to B equals CD folklore language out here when you complete the when you get to that price target area you start looking for a bullish in this case here with the market moving down a bullish reversal candle and that's what we got last week which was a hammer candle. Now what's interesting about this this kind of blew my mind when I started taking a look at it last night. It's the first weekly Gartley by pattern that has formed since the 2009 low. That's amazing man. Yeah. I was like we've had about the daily base but we had we had one on the weekly base that formed back in 2018 but it never confirmed with a bullish hammer candle. So for my work it we never really this is the very first one very first Gartley by in this pattern. The ES did the same thing. You see the hammer candle out here so I'm drawing in essence the A to B leg and I've got to connect to the C to D leg out there the weekly S and P 500. So we were take a look at the ES mini before this is the S and P 500. It did the same thing and the S and P 500 on a daily basis completed a by the D point pattern and it does that with a bullish three river morning star. So a three three candle formation out there. So we've got a weekly Gartley by pattern daily by the D point. The ES mini also formed a by the D point. It did it with a bullish engulfing candle out here. So this is at the completion of a of a pattern out here. And that's really where the Japanese candlesticks are used to our advantage. So the market's been trying to hammer out a bottom and if a bottom is forming the markets are going to need help from the Euro. And the reason is is that if we see a close below it's really a close below one oh three four one point zero three four there is no floor underneath this and the Euro will likely head down to the 2000 lows. And if it heads down to the 2000 lows what we should see is we should see like we have in the 2000 time frame when our U.S. markets ran higher as we've really seen since the 2009 bottom is European capital flowing to the U.S. So if the Euro cracks that one oh three level we really should see a rush of capital not only just inside the U.S. dollar but inside the U.S. stock market out there. And then lastly what I'll do since you were talking about gold before I'm going to change screens here. And so this is kind of like a live situation of Japanese candlesticks. And if you look in the lower left what we have is the A to B equal seed and they talked about for gold price pulled back to a breakout level. This is something else that I teach a 1791 60 level. And right now we've got a bull sash candle. Here is a confirmed by the D point for gold. What gold should do is at least get up to the 1849 level making clear 849. Then we're off to the races. So that's yeah yeah yeah absolutely. And folks it's very easy to get newsletter come over to our website at TFNN. You can go into newsletters. You're going to see master of probability right on the right hand side. Hit that button and we start moving the right direction. Steve you have a great one safe one we look forward to show tomorrow. Thanks Tom. Take care. Sarah there folks coming back with our man Mr. Larry Pezzavento.