 is a presentation of T F N N. Traders edge with Steve Rhodes at 1 877 927 6 648 or internationally at 727 873 7 618. The traders edge now Steve Rhodes and Steve Rhodes at 777 927 648 or internationally at 727 877 Friday edition of today's Traders edge show I'm Steve perseverance Rhodes absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope you're going out there is having a great day and let's make sure we have an extraordinary one of the easiest way to do that always remember that life is well means we can find the gift in every set of circumstances that life is going to toss at us. Now today you and I we're going to go check on the circumstance of these markets we'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here but more important than that that's this during this next 60 minutes I'm here to serve you so feel free to pick up that phone you can dial on in 877-927-6648 if you can't dial in the way we've got you covered there too you can let those fingers do the walking go ahead send me an email steve at tfnn.com inside the subject heading please put radio show question and in our Tigers Den any ping will do so let's go ahead and get this show started on fantastic Friday of course this is Tiger by financial news network I'm Steve Rhodes welcome to less show right now mix bag out here you got the Dow up 14 S&P 3 NASDAQ's up 34 Russell's off 13 semis are up 16 trainees are up 30 New York Stock Exchange is back 11 gold is up 27 bucks trading out at 1778 silver up 63 pennies that's two and three quarters percent to the upside lights recruit back 72 cents she's trading at 68 36 leading to charge dollar wise the upside you've got upstart holdings of 21 bucks 12% globat up 16 or 6% regenerate pharmaceuticals 2% 12 bucks cyber up 12 and micro strategy up 11 to the downside it's restoration hardware of 21 bucks 3% the line technologies 14 bucks or 2% SVB financial group 13 a little over 2% paycom software 13 to the downside nearly 3% amazon off 11 that's less than three tenths of a percent so where do we begin let's begin with our first question the first question coming in from Brent in martinis california Brent wants to take a look at ticker symbol AU that is Anglo Ashanti Brent went ahead and took a long position in this this morning so if we take a look at what's well first Brent let's take a look at the profiles and we really got two that we can look at the first is going to be the monthly time frame so price I don't know we'll we'll take a look at the white background charts momentary but what we can see is that the low of the week is $15.23 the low or the bottom I should say of the monthly profiles 15 24 so its back is up against the wall as long as 15 24 holds it says okay I've got potential a new profile formed yesterday on the daily time frame at price right now is just slightly above the bottom of profile that's a level you'd like to see price stay above that is at 15 79 centers at 1635 top is at 1747 that's all that we've really got for you on the profile levels let's pull over the white background chart and see what kind of signals do we have on a daily time frame for a ticker symbol AU I don't have any kind of a bottoming signal here doesn't mean it hasn't bottom it just doesn't have one of those TD 9 count roads meant to indicator signals no a to b equal cd downside pattern so hey that's just simply what the daily chart is showing us the weekly time frame as we take a look at it we populate this you can see that it is in the way potentially wave number seven first you need to see a higher low next week to in fact confirm that pattern otherwise the weekly chart for a you could be signaling to move all the way back to its breakout level of $11.60 if we look at the monthly time frame chart well we already covered the monthly with regard to price getting back to the bottom of that profile no other signal there so that leaves us with really just a short term chart here Brent if we take a look at the 30 minute chart all we've really got is a bunch of sideways movement they do have a road's meant to indicator bottom at that took place at about 1030 a couple of days ago the same thing you've got a road's meant to indicator bottom that was back on august the 10th so three days ago uh yeah that's so uh hey brent i don't know what else i can't provide to you uh i would say the best thing would be for this to continue to close above the bottom of that daily profile and again that number is 1579 so hope that that helps you i don't know you also yesterday wanted to take a look at gold g old the ticker symbol i believe and so we'll do that as long as we're here folks take a look at these instruments in the mining sector we'll go take a look at the actual physical contract next but as i take a look at bearic gold uh let me get white background chart here going on the daily time frame or profile wise bearic gold is below daily weekly and monthly profile so what we need to see here is some kind of a bottom pattern so let's begin by looking at the white background daily time frame in it we can see prices move lower has done so with a less relative energy but what's missing as we speak right now there's some type of bowler's reversal candle in a case of bearic gold price got up tested or rejected its oscillator and changeline at 2049 on a weekly time frame price could be pulling back it's got a nice td9 count top and the td9 breakout level is 1944 and on a 30 minute time frame chart out here looks very similar to what we just looked at with au for its 30 minute chart so that's uh uh both au as well as gold bearic gold now let's go take a look at goldilocks itself and see what kind of signals we have now to do that what i want to do here brent is go to my nine eight panel chart so we're going to switch up the screens here and now you've got your eight panel chart here let's see how do i do this so first although it's difficult to draw today because i don't have the a to b equal cd to on ninja trader eight here you should be able to see from the td9 count on the weekly basis you can see the a to b and then the c to d leg which completed at the td9 breakout level of 1683 you've got a hammer candle that's in place as a 113 in the afternoon on a weekly basis gold is generated a gertley by pattern it's certainly gone ahead and generated a by the d point and it's done that at a very key level of support that's a 1683 on the daily time frame the daily time frame formed an a to b equal cd pattern that was confirmed a couple of days ago with the three river morning star candle formation now prices above a key level of resistance that's at 1771 1771 is the oscillator on changeline this now suggests brent that what price should go target although you can't see it on this chart what price should go target is the 1786 level 1786 is the bottom of a new profile that formed yesterday and in essence that should be resistance if price can close above 1786 then you could see a move a move up to 1802 or 1817 oh yeah 17 that said 1786 i meant to say 1788 50 so the numbers are 1788 50 1804 30 in 1820 10 on any continued moves higher if we look at the intraday time frames just look at for any kind of topping signals and the only one that is present is the 30 minute time frame which has a td9 count it was bar number eight that identified the high that was right here at 12 30 that says that that high is going to be a key level if in fact price closes above 1781 30 that tells us about a strong moment to move on the 30 minute time frame for goldilocks so brent this instance here gold the contract itself looks better than gald or a u steve rhodes with tfm would be right better steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk free today tfnn educating investors what's separating you from the most successful men and women on wall street that's right information having all the information gives us the perspective we need to place the right trades at the right time the task profile scanner is the premier market profile based scanner powered by its acclaimed task proprietary algorithms this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex this powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen for a limited time you can save $100 off your first month by using the promo code upgrade and you still get a 30 day money back guarantee so you have nothing to risk level the playing field with the task profile scanner which you can find under the services tab at tfnn.com sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors call now toll free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks we're taking a look at sofi technologies sofi is the ticker symbol and we can see the price that today is pulled back to a key level of support that is the bottom of its boulder structured profile and that is at the 1491 level today's low 1493 now you can also see that this week price is tested and rejected the bottom of its weekly profile 1738 so in the case of sofi is this a buying opportunity look price is right back against support so it now does have volume pretty significant volume 44 million shares versus last time price was back here was 16 million shares but if you're asking is price back at support the answer is yes let's look at the daily time frame with my white background charts this generated erosement to indicator bottom pattern that pattern came into effect back here on july 27 so as long as price remains above this 1495 level you've got a little bit perhaps a consolidation but price is back at support if support fails meaning 1495 fails then we could be looking at a to b equal cd to the downside all i can't draw it in here that would be the pattern maybe we can do that on the black background chart let's take a look at the weekly chart now sofi hasn't traded long enough to generate enough data from a pattern standpoint so the weekly is not going to provide us with anything nor is the monthly 30-minute chart no that's not going to so if you're asking is price at support the answer is yes if the support level fails there is an a to b equal cd to the downside to be contended with it's a gigantic one really um that's how don't you want to go there because it did you know pretty much will take this down to you know close to zero or certainly back to the well really where would be the target be it'd be back into the november 30th ipo time frame out there and that's anywhere from a low of 1010 to a high of 1394 so that's what we're looking at at sofi it has pulled back to a level of support that was the bottom of its daily profile so i hope that helps you out came from the tiger's den the next question coming from james james wants to take a look at nvidia what do you think is good entry or swing trade longer term so let's go take a look at nvidia nvda is the ticker symbol i don't believe there's an entry point here yet uh prices trade above the top of the daily above the uh it's trading it's trading with inside the weekly profile so your resistance levels 208 75 prices at 20173 james so certainly i'm not going to suggest that you enter into some type of long trade knowing that prices headed up towards a resistance level let's pull over my other nvidia charts out here the ultimate entry area if price could get back there i don't have any indication that it will is about 181 32 the bottom of the daily profile but again no indication of price is going to get back there the daily time frame chart what do we have just really a consolidation between the td9's td9 count top out here in the trading day of july 7 td9 count bottom on july 19th what we have is just your good old fashioned consolidation between support and resistance there james so as far as the entry point i think we're going to have to look for some type of a pattern out here um and it's just not in place and i wouldn't expect it to be in place here for for days if not a week or so or something along those lines so uh no entry point that i can give to you inside of nvidia as we speak right now but thanks so much for writing in and the question ruby wants to take a look at the russell 2000 you're long and so if you're long in russell 2000 here's what it's doing it's just your good old fashioned consolidation we'll just simply expand the chart out here we'll just expand it a bit more and so what we're looking at here ruby is just a good old fashioned sideways consolidation now i don't know where you're long from but what i can't share with you is price is trading with inside a bullish structured daily profile and that says that over time price should be able to get up and tag the top of the profile because price is well above the center so that's at the 2283 uh level but you're just inside a good old fashioned consolidation i'll go and switch over to our eight panel charts out here you give me a moment to go find those and and then this way we can take a look at some short term signals see if there's anything out here for you on that okay get back there and here's the eight panel chart so on the eight panel chart ruby what i would say because you're long is what you don't want to see is price closed below 2223 2223 is the daily chart that we're looking at i'll expand this out for you and on the daily time frame chart that is the oscillator and change line it is red and if you close below a red oscillator and change line odds favor that price will continue to move lower i'm not saying that it's going to be a market crash or something just simply that it would move lower so key level support 2223 if you look at the 30 minute time frame chart here you can see that roads went to indicator pattern formed and completed right at 11 o'clock when we had that nice bull sash candle now what price needs to do for you in order to uh so your stop is under 2225 um okay uh 2224 60 is the bottom of that 30 minute profile so you say under 2225 but i'd say i'd say you want to be under 2224 60 um and what you want to see from the long perspective is you're looking for price to close above 2233 that's the top of the current profile and it's slightly bearish in structure so ruby watch the 2223 level that's not an area that you want to see go but your stop is under 2225 so i think we're uh i think we're looking at something similar there so i hope that helps you out and best of luck to you in that trade let's take a look at some other questions that have come in i believe uh nancy has written in nancy wants to take a look at apple so let's get to uh back to the black background screens give me a moment to get that set up and share and here when we take a look at apple we can see the price nancy let me see what's your question question is that can you give an educated estimate as to where apple will end up today absolutely right where it's at right now that would be my educated guess why would that be steve's educated guest for nancy well because the top of the daily profile is right here so the top of your daily profile nancy is 149.01 prices trade at 148.93 the high today 149.44 you know i'm not saying that price can't clear this area and if it does then the next level is 150 even steven so i'd say that the apple likely not to take out the 150 that's the top of its bearish structured weekly profile out there and there's no signal that it's going to do that today volume today about 41 million shares yesterday was volume of about 74 million shares as price moved higher so let me go over and get to the other white background charts here just see if there's any other signals with regard to apple so let me get that set up here our price is nancy above the top of its a monthly profile out there but it's really going to be that 150 level that you're going to need to see apple close above to suggest that it's got breakout mode and maybe that then is going to go ahead and help the nq do the same kind of thing as we take a look at the daily chart you've got a td9 count top so if that gets taken out that's the high from july 15th that would be a positive for you by look at the weekly time and that would suggest much higher price if i look at the weekly time frame out here this is going to be bar number nine of a td9 count but it's a it's not going to be a valid td9 count top that could take place next week on the weekly chart as long as price is able to move above just has to move above it doesn't have to close above it the 150 level that 150 is really a key area monthly time frame chart as we take a look at the white background uh this is a very bullish setup as we speak right now this week because price is taking out its td9 count top and that was at the 145.09 level so nancy the answer to your question buck 50 even steven steve roger tfn in fun 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folks that was up 26 s and p for nasdaq 132 points let's go to our question here from hector and the fuel injector and hector wants to take a look at newmont mine nem is the ticker symbol and as we take a look at it the very first thing that hector would like me to do is to confirm for him whether this is in an a to b equal cd to the downside so hector the a point that we would use is the may 19th high 7531 the b point which had volume of about 5.5 million shares on june 29th shallow retracement into a high on july 14th and that's the swing point was taken out with volume so the answer to your question is this an a to b equal cd down pattern inside of newmont on the daily timeframe the answer is yes but i say hold on a minute here we've got to hold our horses first of all this is important for you to understand there's a brand new profile that formed yesterday and this is a bowler structured profile that tells us that support is between 58 51 and 59 06 so that doesn't take away from the a to b equal cd pattern but we don't just simply use a to b equal cd patterns for our bottom or our topping signals and instead we'll pull over the chart for newmont mining and we take a look at the chart for newmont mining we can see that price has been moving lower doing with less relative energy and then three days ago we had that nice bullish reversal candle the bull sash candle now as long as price remains above and when i say remains above i mean closes above 57 96 hector forget about the a to b equal cd you've got a confirmed roge momentum indicator bottom inside of newmont now it's got to prove itself to us and the first proof it would be a close above the oscillator and change line at about the 59 06 type area it is not above that right now and then a close above the top of that profile at 60 16 that would be a bullish signal out here so if you're asking me is there an a to is there a possibility of an a to b equal cd to downside the answer is yes i'll also share with you on the weekly chart out here that newmont mining is now going to confirm a td nine count this is the bar following bar number nine that is occurring above 55 63 the breakout level and so hector i would say that newmont mining more likely has bottomed then it had then it's signaling to us that it wants to complete that a to b equal cd down pattern so hope that helps you out with regard to that analysis let's go out to philly and speak with john john thanks for calling thanks for holding how are you steve i'm out to white light sounds great yep yep uh you know i think the voice is probably the is probably the key with regard to the energy level so i am doing just fine so thanks so much now the s and p 500 i believe is what it is that we're going to take a look at which is trading out about 44 64 so what are you looking at the s and p 500 cash index daily chart yep 89 count the td combo setup and the td sequential set and my question is once you if you can share that with us the current status is there any signal or clue of the near future that's being given from those please that's the question okay so i'll i'll do my i'll do the best that i can what we're going to first do is i'm going to switch over to my eight panel screen of the s and p 500 first i can give you the td nine counts with regard to the sequential in the combo i actually got that tool i was experimenting with it during during my covid stay and and i actually got it working on my laptop so john i may be able to get that working on this desktop here i'll try to do that over the weekend and then i'll be able to give you those signals but specifically with regard i know you want me to take a look at the daily chart and i will but i first the chart that is most important for you and i with regard to the s and p 500's intent is going to be the weekly time frame chart so i'm just simply going to expand that first and i'll explain why and the reason is because this is going to be the bar following bar nine of the td nine count so if the s and p is going to put in a top short term intermediate term whatever that might be price will not trade above whatever the high of this week is and i don't know what that high is going to be just yet if price continues to move higher we just want to take a look at whatever the high of this week is if next week the s and p closes above that high that signals to you and i a strong momentum move for the weekly time frame so any questions about about the weekly chart just yet uh john and whatsoever yeah so that's and the reason i wanted to go there is because now we take a look at the daily time frame chart i don't have a td nine count top we're going to be let me pull this back a bit we're going to be in bar number seven of a td nine count that says that there could be a short term top that forms between monday and wednesday next week that does mean also that during monday to wednesday next week we could see price trade above uh the high of the weekly chart that could be signaling to us the breakout but we really have to come back to the end of the week the friday close friday's closes above this week's high whatever that is tells us about a strong momentum move but if you're asking is there any potential for some kind of a of a potential top inside the s and p 500 i would default back to the daily time frame chart and i would say we'd be paying attention to monday through wednesday of next week any questions about the daily time frame chart or anything else that you may have uh notice that that really i've overlooked no further question on that daily okay i might follow that up and just ask you this you refer to working the sequential and combo systems on a different uh different system of yours yes so you're unable to show that that's fine i understand yeah i'm curious having done some of that anyway in the past couple of days did anything uh strike you regarding those looking looking ahead my my my actually my entire focus was trying to get the tool to work versus any signal information because as you know i had that tool working for quite some time i did a big upgrade i lost i lost that tool um since i had a bit of time on my hand so to speak i just happened to be going through it i located again and i did all that experimentation off of my main system so you reminded me about that work and i'll try to get that going and then we can but i just i was looking more to get the tool going than i was any signals but you you pay attention closely to the uh to sequential and i believe there was a there's supposed to have been a uh a 13 count was is my uh yeah just uh the reason i ask is this my read of that yeah is indeed this week it was either monday or tuesday my application of tommy de mark's sequential system gov a sequential cell now i'm not the master i'm uh just a secondhand student applying something of his that i learned decades ago if uh so was it wasn't i'm looking at my charts a uh 9 13 count a sequential cell was given on the close either monday or tuesday importantly no confirmation has been given that is my read for what it's worth got it so you actually got the 13 count signal we just haven't gotten a close below the bar four bars ago or something along those lines something along those lines exactly yeah steve uh great to hear you're doing better and thanks you bet you bet have a great day that was john in philly steve roach with tfnn we'll be right back are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clear water markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels from 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shares at eight six six four seven six seven five two three the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back folks one of our dinner satish is looking for an entry point into amazon out here and so satish i would say that what you're really looking for we look at the left hand panel chart out here daily time frame it's in an a to b equal cd to the downside it made the 1.618 level yesterday and what you're really looking for here is some type of bullish reversal candle to confirm that bottom now i do want to share with you that we've already got that we did get a we did get a first bullish reversal candle that was back on august 3rd uh that candle has been negated so you're waiting for the next one so that's a possibility if you get a bullish reversal candle you're going to get a girtly buy pattern now on the weekly time frame there's some damage that has been done and that damage uh you can see prices trading out for week number three below the bottom of that profile and that suggests lower price let's pull over amazon's other chart so again the daily says there's a potential if a bullish reversal signal forms to confirm that a to b equal cd panel here's the weekly chart uh as i populate this the weekly chart shows a rogement to indicator top with price below the bottom of that profile that suggests lower price now lower to where i'm not going to get out the weekly figure is 2330 but that's not the figure i would be throwing out at you i would then say if we don't get that bullish reversal candle what you're looking for here satish has moved back to 3218 now 3218 would be the td9 breakout level for amazon uh today's going to be bar number five that says a td9 count pattern could form sometime next week thursday wednesday thursday of next week and if it could form above 3218 that would be a bottom signal the oscillator and change line has changed from green to red we should expect an anticipate price and that line to eventually catch up to each other over the coming sessions i don't know how many sessions that is but i would continue to be on a lookout in the in the case of amazon for a bottom and preferably it's a bullish reversal candle above 3218 so i hope that helps you out satish with regard to amazon thanks so much for the request the next request coming in from email is from who is this from vicki i believe and the question is has wk hs bottom wk workhorse right wk hs let's go see what that is that is workhorse group and workhorse group right now vicki is trading below the bottom of its daily profile the bottom of that profile is 996 so you know that's not a good thing it's trading with inside its weekly profile uh it may have found support at 930 if 930 doesn't hold we should expect price to get to the 781 level prices below the bottom of its bullish structured monthly profile so let me get that wk hs let me get that rolling on just my daily weekly and 30 minute charts out here your question specifically has this bottom well from a profile standpoint the answer there is going to be no but we do want to go take a look and see that our signals on the white background chart shows us so what we have is this going to be a td9 count today vicki so there's some potential there now it could be a lower load on monday so i wouldn't take any action just yet the reason i say i wouldn't take any action just yet is just simply because on a 30 minute time frame even though i've got the bottom signal roge with the mitigated bottom signal we don't have price taken out resistance which would be 957 so workhorse has the potential out here let me see what's the weekly chart show weekly chart nah weekly chart's not helping us so on the daily time frame you've got a breakout td9 breakout at 843 bar number nine today wave number seven g we don't get a confirmation a confirmation of that until there's a higher low uh but this has got some potential out here i would wait uh to at least till monday uh or if somehow during the afternoon price takes out 957 then that could be your early entry uh into a position out here so yeah workhouse has got some workhorse has got some potential out there uh let's come back to this uh next week if we can vicki i hope that that helps you out thanks so much for writing in next question coming in from michael p michael says uh you're in mara b itf and btc do you see a topping pattern your target in bitcoin btc is to fill the gap so i had to do a bunch of work this morning on this uh e signal system i don't know that i've got my bitcoin chart so give me a second here um let me see if i can oh that's not how to do it um you know what i can do it just off i can do it so it's btc we're in august it's got to be the august contract i believe no okay maybe not shoot btc okay let me take a look at the september contract out here and give give this a second so in the case of bitcoin specifically i'll take a look at the futures contract i'll take a look at the september futures contract that is your specific question is do i see a top or do i see a higher topping pattern and the answer is i do not i could see price pulling back to test the oscillator and change line that would be in the 42 278 that would be normal natural in fact if price were to do that mic and test to reject that that would be a bowler signal and suggest a move up to the 58 360 level that's a td9 breakdown area on the daily time frame uh if i look at the 30 minute chart out here the 30 minute chart has it i know that's not what you were asking about it does have a short term topping pattern but that just led to a sideways consolidation so back to the daily the answer is no i do not see a topping signal inside of bitcoin for the september contract that doesn't mean it that won't pull back because that oscillator and change line did turn colors you also wanted to take a look at we'll just do it right here m a r a is uh one of the other requests that you've got so we'll let this go ahead and pop play for the daily weekly time frame and i know your question is really the same is there a top there is a uh so what price here did mic is it ran right in a td9 breakdown resistance 36 23 and when it did that it was able to also generate wave number seven signal that's letter g that's on my screen right now i would say that mara is consolidating between 36 23 and about the 22 area now i'm not saying price is going to get back to 22 because price is trading above a green oscillator and change line 32 34 so there's a lot of damage that would have to be done in order for that to occur but you do have this resistance at 36 23 that's coming from the daily time frame on a weekly chart out here the weekly chart looks pretty good because we've got price above the top of a weekly profile with no topping signal in play so i'd say back to the daily time frame real quickly here if price can clear 36 23 it's off to the races to the upside and then the last one was bitf i don't know what bitf is it doesn't really matter we're just going to look at the chart here as soon as it populates very similar bitf so bitf does have a topping signal it has a td9 count 747 is resistance price should pull back and test its oscillator and change line right now mike that's printed at 585 so does bitf have a topping pattern it does for its daily time frame it's the td9 count and suggest move back to the 585 area on a weekly chart out here what do we have weekly chart looks pretty good so it's the daily that's going to control things here for a bit of time now on the other side of that if price were to close above any time click price were to close above 747 that's the high of the td9 count pattern then that tells you about a strong momentum move to the upside so if you're long this i would still stay long i'd anticipate well 702 to 585 that could be uh that's a fairly big hit out there uh what are the 30 minute chart say not much just yet you get a top you get a valid top on bitf like thanks much right in thanks for your good wishes talk to you soon see roads with tf and ed hope you're right sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each 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take it every morning primal edge just 89 dollars exclusively at tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv so jeff and philly wants to take a look at ticker symbol crwd that's crowd strike holdings and as we take a look at it his question specifically is um do the charts he's looking for a confirmation that the charts are bearish so as we take a look at the daily time frame we can see this is going to be day number three below the bottom of a bullish structured daily profile so jeff the answer to that question is yes where's price headed to well from a profiles perspective we'd say 218 24 that's the top of the weekly profile it's like a crowd strike with my other white background charts to see what kind of signals we have here for the daily time frame what we've got jeff is a roge momentum indicator top that was confirmed back in the trading day of july 29th uh that has taken prices we talked about below the bottom of bullish structured profile the next downside target on a daily time frame will become the td9 breakout level so 214 76 so the answer to your question is yes my charts also confirm a lower move in crowd strike now as we look at the weekly time frame you have a td9 count top prices below the oscillator and change line that would suggest move back to the 218 24 to 53 level top of the profile and then the td9 breakout area and on a monthly time frame nothing there really to assist us so yes the answer to your question does crowd strike a show further downside action is likely the answer to that question is uh yes that's based upon the uh taz market profiles and the topping patterns that are out there let's finish off the show by taking a look at the us dollar index which has had a big move today a big move back to support now very much like crowd strike this also generated a roge momentum indicator topping pattern it did that a couple of days ago on august the 11th if we take a look at that so this this that chart did not show you the new profile let me move over here and you will see it right here i'll just simply expand that chart well expand there we go so watch the level of 92 41 the us dollar index closing below that doesn't have to be today but if it closed below that price should head back to that little rising trendlining boldy locks should continue to move high folks stay tuned two more great hours left i'll be back with you on magical monday have a fantastic Friday take care