 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes all now toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Folks welcome to the April 17th the wonderful Wednesday edition of today's Trader's Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past hope everyone out there is having a great day Let's make sure we have an extraordinary one now the easiest way to do that It's to always remember that life is happening for us not to us That's right when you and I make that one little two-by-four shift Well, it means we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bowls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes. I'm here to serve you So feel free to pick up that phone. You can dial on it at 877-927-6648 now if you've got a question, but you can't dial in Well, we've got you covered Send me an email send that off to Steve at tfnn.com Inside the subject heading please please put radio show question And of course if you're inside our Tigers then well than any in every ping will do So let's go ahead and get this show started on a wonderful Wednesday. Of course, this is Tiger financial news network I'm Steve Rhodes. Welcome to the show right now We've got a sea of red out there with the exception of the New York stock exchange New York stock exchanges up 20 points Otherwise, you got the Dow down 41 S&P's off 3 Nasdaq down 56 Russell is basically flat some as are down 61 trainees off 290 gold is flat Silver's up 37 cents likes recruiters off 79 pennies Natural gas is off a nickel and the third year treasury printed out at 1 14 12 our leader in the clubhouse to the upside Well, that turns out that is inspire medical systems up nearly 6% or 13 bucks up spot also up 13 That's a 2% move there Eli Lilly up 11 1 1 half percent Mercado Libre up 760 That's a half percent move in United Health up 6 bucks. That's a 1 and 3 tenths percent move to the downside It's micro strategy of 67 bucks as mill Holdings down 64. That's a 6% move there It zoom group down 44 bucks 86 percent yikes lamb research off 25 bucks and KLA corp down 20 as well That's nearly a 3% move to the downside. So we've got movers and we've got shakers But let's begin really with the new information that is present and that is coming from the daily Dow equity future contract that is your lower left panel out here So in this case here, we've got a TD 9 cowl bottom that formed two days ago completed two days It goes what I should say and today this morning We've got a new profile out there that new profile is bullish and structure It has a buy zone which between 37 988 and 38 139 right now We are testing the lower end of that buy zone out there a price today were to close above 38 139 That would be the center of its bull structure profile You know the routine really need to close above that if you did get too close above that That would suggest that price wants to rally up to the top of that daily profile at 39 345 But on the other hand how about to the downside and I would say if we get a close below 37 9 11 That's boys say that's signaling to us that the markets definitely want to move lower Not that they don't but it's the Dow right now that one should be focused on because of its bottom signal and because of that new Buller structure profile and this one is a firm bullish structure pro structure profile We don't have to wait until we shouldn't have to wait until six o'clock This evening to see if it remains in effect out there with regard to the other equity future contracts You can see they are in a to b equal CD patterns to the downside the one that was the strongest this morning was Russell 2000 We've got a request from John inside the Tigers in to take a look at that So we'll do that but first let's go switch over and take a look at the ES many and then I'll put the Russell 2000 charts up on our Screen for so let's go check out a little deep dive down and what's going on interday inside the markets out here And the interday charts if you take a look at the bottom panel there You've got 60 30 15 and the 10-minute charts out there We can see on the 10-minute chart formed a roadsman to mitigate her top and then there's now complete an ATD 9 count bottom In the case of the 15 minute time frame chart prices found support at its breakout level at 50 85 the 30 minute And the 60-minute time frame charts both have roads meant to mitigate her bottoms That says if you see the ES many closed below the low from 230 this morning. That's at 50 75 75 We had lower out there for resistance out here if we take a look at this morning Where was the resistance point turns out it was the top of that 30-minute profile? So the key area to be watching today I would say would be the tick that was above that level 9 30 this morning. That was up at 51 10 I'm sorry 51 20 50 a close by 51 20 50 would say we had higher a close below again the low of this morning Down at the 50 75 75 level says we had lower now We take a look at the little bit larger interday charts 120 240 and 300 We have roadsman to mitigate her bottom patterns for each of them So that says that that low that we just talked about out here That is real key low out here the low of this morning because if we had below that then we've got so many Interday charts that are telling us that bulls are trying to make a bottom What we would learn is that the sellers have said sorry Charlie out there. So that's what's going on We take a look at the ES mini I'll put the Russell 2000 charts I posted these in the den earlier this morning because they were the ones that were showing a sign of strength So to speak and we'll take a look at what I merely mean by that is when the market opened up Actually, you know, there's another set of charts that could go to Well, we'll let these populate here because actually we had Brent Collin yesterday He was taking a long trade inside the Russell 2000 I recall if he was doing it with options or how he was doing that trade now But when I can't provide you and you'll be able to visually see that yourselves is the key resistance level I think we identified the key resistance area inside the ES mini and now we're gonna do the same thing inside the Russell 2000 And what I posted inside the Russell 2000 are inside the Tigris den was if we see a close above 2001 and 11.60 is the top of the profile and the five hour and the four hour time frame charts out there And that was really showing up as the key resistance area and it's proven that that was a key resistance level So John I would say still today if we were to get a close above 2001 That would signify that the market is getting ready or at least the Russell 2000 is getting ready to rally out there No, I would say that the bottom signals are better on the interday charts For the ES mini than they are on the Russell 2000 However, we've got all kinds of a to b equal CD patterns in the downside interday out here So certainly we do have bottom patterns for example inside the Russell 2000 was noon yesterday The two-hour time frame chart that generated that bottom signal out there So Brent if you are listening in watch that 2001 level up to the upside and to the downside I would say the area to be watching is probably that low at about 11 o'clock or 10 o'clock yesterday morning down to that 1965 30 level so that's what's going on. We take a look at the Russell 2000 Okay, so that took care I took care of that let's switch back over now to the to the black background charts for a moment Let's go take a look at the New York Stock Exchange the advanced client oscillator and see what it is doing out here So we're gonna switch over to the black background screens. We've got the New York Stock Exchange advanced the client oscillator So we talked about how this got to below the minus 250 level yesterday close below minus 250 That is an extreme oversold conditions. That's not that's not just oversold That is extreme oversold and we can take a look back at the charts out here And we can see how typically these bottom patterns have resolved themselves It's really one of two ways either it's a straight shot out of here and right now We don't have that as the signal or it takes a period of days where we have a rising Advanced client oscillator and the face of price moving lower inside the Russell 2000 I'm sorry the Russell inside the New York Stock Exchange now It is trading up just a tad right now and you can see we're trying to move off It's trying to move off that oversold reading out there All you have to do is go back and take a look at history when this is when this oscillator gets down to that minus 250 Area, there's a bottom that's trying to form over the next several days Steve Roach with TFN be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors Many trading newsletters attempt to focus on a narrow set of equities or commodities While this works for some it oftentimes misses many opportunities that possess huge gain potential But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most Trading influencers have been alive and over that time He has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium To key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices Selective stocks and more Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your Edification all first time subscribers receive a 30-day money back guarantee So ignore the pop trading influencers and start learning time-tested technical analysis 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 Tfnn has launched the tiger's den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com Toll free at 1-877-927-6648 Internationally at 727-873-7618 Back folks, so we kind of blew through that uh new york stock exchange chart pretty quickly because we were Up against the break out there, but again just to uh just to review for you If take a look at this out this advanced client listed all that is it's a difference between the 39 and 19 period Expense moving average of the advanced decline line which is in panel number two out there And so it's a cool tool out here because it really helps us to understand What condition the market is in when it's oversold when it's overbought overbought would be above that plus 150 Ishery out here, but you can see when we start getting down to these levels For example last time they were down in this level was back in august of 2023 We did have price move lowered and we had a nice little counter trend rally out there If we take a look at the time before that it was during the time frame of march of 2023 And again price was moving though. I don't have that green line to the on the price side You can see it was moving to the downside while the advanced client listed was moving to the upside So this is only day number one. We're not through with the day. It's only 11 19 out there But this does suggest that we should see some type of oversold rally Form over the next couple of days most likely you can see here It usually takes a bit of time for example, uh the last one, uh that was of significance out here Um We had that uh the advanced client oscillator closed what minus a 226 or so back on august the 12th And it took until about august 24th Then so I don't know trading days that that were in there in order for the market to begin that counter trend move out there So that's what's going on. We take that new york stock exchange advanced client. Let's take a look at a couple requests that have come in the first one from From john inside the tiger's net. In fact, we only have two requests out there So I can absolutely use everybody's elbow. Peter. I got three requests now. That's great. Peter wants to take a look at the euro So let's begin. No, no not the nq. That wasn't the request out there The request was a take a look at nike. So we take a look at nike. What do we know about it? Let's open up this daily time frame and see what we can find out here So is there a completed a to b equal cd pattern to the downside? I don't know But let's just draw in the let's draw that line in Oops, pressed the wrong button. That's not helpful. Let's try that one more time. So let's jeez that didn't work There we go. So here is our a To b point Right there. I'm just simply going to go ahead and move this over Take a look at this move this over to the c point And so we don't have a we don't have a completed a to b equal cd pattern And it doesn't mean that we don't have a bottom It just means that it didn't complete the pattern that was likely out there I don't see any other bottom signal. However, what nike he did do for his daily time frame john It generated a profile change in trend and that's enough of a signal out there And it did that on the trading day of april 11th when price closed above the profile It did it again when it was tested and rejected on april 12th And then even yesterday price got down and tested the bottom of that profile the bottom of that I'm sorry the top of that profile, which is 91 81 So we can see that resistance has been cleared on a daily time frame We're trading above the oscillator and change lines. Where's price headed to? Well, you do have this gap to contend with and this gap price gap down with 41 million shares today You were up with yesterday. You were up with 10 million shares so far today. You're up with three million shares So you might be in a zone of a turbulence In other words, if we were flying the jet, you know, the fasten seatbelt side would definitely be out Now that's what the daily time frame chart for nike is telling us How about the weekly time frame chart? So it's open up the weekly and did the weekly test that swing point? It looks like it did Looks like it didn't Darn So price is still trading inside this swing point every swing point I'm referring to is one from september 29th again It's a weekly chart that we're looking at volume there was 75 million shares Two weeks ago. You pulled back with Sorry, I gotta move this over to the left you pulled back with 52 million shares last week it was 49 million shares So it looks like sellers have run out of steam here But until you clear that swing point or at least clear the oscillator and change line john at 95 61 You know, you've got it's got to be a little bit concerned out there. So you're running into Gap resistance on the daily time frame chart and you're still inside that swing point out there That's been tested with lighter volume, but you're still inside there So it just says caution will robinson if we take a look at the monthly time frame chart You're trading below the monthly profile and that says that price could go ahead and target that 84 11 area Once again, we saw that back in september of 2022 Price tested that level to actually close below it for one week But then boom, we were right back above it that very next week with that td9 count bottom pattern So the daily looks good except we're running into resistance. Let's take a look at the seasonal chart. All right, johnny Let's look at that. Let's pull this up here for nike. See what we can find out This is over the period of the last 39 years Now one of the things that we can see out here is you can see that over 39 year period a month that it really struggles with Is august but we're in april right now In april is kind of a flattish type of a rally month if we take a look at just the chart out there You know kind of flattish so not no big zoom to the upside you're coming into resistance out there Inside of nike. You're gonna have to see how it deals with that daily resistance zone out there And for that that's simply going to be between the level of Sort of above that that's between the level of 95 17 All the way up to 9976 And so that's what I see when I take a look at nike. Hope that helps you out dan Uh, no, i'm sorry. That was john who wanted nike usually it's dan likes a nike out there Let's take a look at the uh, uh the daily time frame dance steps out here So, uh, you know, we just had a two bar rally to the upside Looks like today could be bar number three to the upside and typically we see that Rally's here as of late if not lasted more than four sessions three to four sessions out there as basically been it for Nike so if that helps you out Thanks is always for the request out there and dan did want to take a look at something and that's something was Ibrx so let's get the ibrx screens up So we could take a look at this and right now this is trading at 521 There is a new profile that has formed dan and this is above price That is not necessarily what you want to see why? Because it jens the sends the message of overhead supply So you've got overhead supply resistance right now would stand at 537 Uh, if price can get above that the next resistance point would be about 567 and above that we'd be looking at 585 So immune bio for its daily time frame um I have to assume that that is a sell the d-point pattern. Let me just open up this chart Yeah, certainly that completed a sell the d-point pattern out here on march 22nd with that bearish engulfing candle um In a trade below profile So this is suggesting that what ibrx might want to do is pull back and test that for 18 level And for 18 was the td9 account breakout area On the weekly time frame chart. What do we have? We have a consolidation with inside its profile And so the strong resistance level we can see is at 576 and the support area would be down at 405 That level has not been tested now the monthly chart looks pretty good It looks pretty good because you had a profile change in trend like four months ago Well, really really had it last month was really the confirmation. No, I take that back You had a confirmation of that breakout on december of 2023 out there And when price pulled back it found support basically at the top of that profile at the 350 level So 350 is going to be a key level of support on any move to the downside out there But right now I think you just have to be cautious with regard to that new profile that is forming above price Now, let me see if we've got enough data ibrx if it's even in the seasonal data out here It's not uh, oh it does Okay, let's pop let's pop that open Okay, I have to do it one more time It said it had it I clicked on it and I must have closed it. So dan when we come back to this break I will have well, you'll actually be able to take a look at it I think you'll be able to take a look at unless I've got some other request out there Which I'll have to get those populated, but here is the seasonal pattern For ibrx for uh, since it's existence eight years ago. Steve Rhodes with tf and n will be right back a gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the u.s. Futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk subscribe To tom obrien's gold report newsletter now at tfnn.com Tigers we have some exciting news Live trading fridays are here Join larry pesavento every second and fourth friday of the month 9 a.m. To noon eastern time as he places short-term trades and gives insights into his strategies That's right. That means the first live trading fridays event starts this friday, april 12th Make sure to sign up so you don't miss the potential for huge gains If you've attended larry's stellar webinars before you'll be familiar with the live trading portion live trading fridays will be strictly this portion That's three hours of pure trading all trade positions will be communicated clearly And all questions will be answered in a timely fashion during these live events When signing up make sure to save $50 by using code larry live at checkout This code is valid only for this month and the discount stays with you for as long as you're a subscriber to the service So don't delay sign up sit back and follow larry pesavento as he places trades live See you there tigers Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live monday through friday during market hours for exclusive content that moves with the markets at tfnn We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tigers den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn. We're so confident in the value We provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors This portion of the traders edge is brought to you by directions daily leveraged and inverse ETFs Whether you're a bull or a bear you choose the direction visit direction dot com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage And actively monitor their portfolio They are not designed to track the underlying index or security for more than a day Before investing carefully consider a funds investment objective risk charges and expenses contained in the prospectus available at direction dot com Read carefully distributor for side fund services Welcome back folks and dan if you didn't get a chance to grab the immune immune bio seasonal chart out here Here you go April and march are typically months where this thing struggles then may june And then then november december are its favorable seasonal timeframes out there So just wanted to be able to share that with you. Let's go on in fact Peter's asking about the euro so we could take a look at the seasonal tendencies for the euro as well Let's pull that up on our screen out here. We've got a lot of years worth of data not nine years We've got 24 years worth of data out here So we take a look at this fact of ID trended right now just to get a better feel that's not really helping us out So here the euro typically has a A seasonally strong month april. I don't think that's the case right now So it's not really following along that seasonal pattern, but let's go take a look what the euro is doing Out here on this daily time film. Let's start with the daily We'll pull this back And what we'll see here is that the euro has a couple of different a to b equal seeding to the downside patterns Let's take a look at the big one first the big one starts back in january I sorry december of 2023 the b-point is uh, february 14th valentine's day in 2024 Now i'm just simply going to go ahead and copy and just i'm just going to move that over here So we can take a look at what the larger a to b equal cd price projection level is let's pull that back It's down at around the buck five level now there along the c to d leg There is an a to b equal cd pattern as well looks like this after you form that td nine count bottom And had a nice little rally now on this one here I'm going to do the same thing on to move that over so what this shows is there's two different a to b equal cd patterns Out here veter and they're both applicable So if we get a bowler's reversal candle today What we can see on a daily time frame is this will confirm a buy the d-point pattern That's just really along that c to d leg and what that would suggest to me Is that price should then rally up to that oscillator and change line before it gives it up? Or maybe it rallies right up to the td nine count breakdown level maybe old support becomes new resistance That's at 107 32 So I would say if the if the uh euro is able to hold on to its gains for the day It's signaling that it should rally further if it rallies further out there We ought to see the u.s. Dollar index begin to pull back that's at a daily time frame now Let's go take a look at the longer term time frames. Let's look at the weekly on a weekly time frame It's really showing us that a to b equal cd pattern that we looked at earlier But the key here is price is trading into its swing point. It's actually tested the high Oh, it has not tested. I take that back. So you want to watch how price should price move lower You want to watch how it behaves at the 1.06? Level so far. We've only been down to well Boy, we've gotten close but no cigar 1.06 zero and what we've gotten down to is 1.06 01 Geez louise. Are you kidding me? Not kidding me. So we haven't tested that swing point out there But if we do test to reject that Level that would add to the idea of a bounce out there But otherwise it's suggesting that we get down basically we test those lows from october 6 of 2023 That's the weekly time frame chart. Let's go take a look at a monthly time frame chart What do we have out here the monthly time frame chart? Is it a real critical area of support? Potentially and that is that red oscillator and change line So, you know, we still have plenty of days left in the month out there We're testing support or it's testing support out here and we can see really kind of a sideways Just move that's been in place out here. I'd say since january of 2023 So sideways consolidation for the most part now Let's go take a look at what we've got going on intraday because on the daily time frame We're taking a look at that potential bottom signal along that c to d leg Do we have any confirmation of that? Well, if we open up a 30 minute time frame chart um We have a td9 count bottom That led to a td9 count top that took price back to its breakout level and now it's dealing with resistance So the resistance level the clear resistance level on a 30 minute time frame Peter's at 1.0645 out there price can clear that for two consecutive bars. You're off to the upside What else do we see out here? You know, you see at 1.0665 You see the bearish structured top of the bearish structured five hour profile At the 240 minute chart. We've got that same level of resistance out here Similar on the 120 minute time frame chart So the key area to the upside to be watching is going to be 1.065 out there So Peter, I hope that provided you with the information that you were looking for for the euro out there And as always, thanks so much for playing in the game Give stevey something to look at nancy is playing in that game as well Nancy wants to take a look at n video. I believe the question from nancy was Is this bottoming? Let me see. Where was that question? Has it bottomed yet? It keeps opening higher and then crashes. Well, let's go take look at n video That's not this chart here. Let's get to the n video chart. Give me a moment We'll have that up on your screen for you. In fact, we'll also see if n video has a seasonal pattern. That's hood. That wasn't it Did I put it in I did okay So now we take a look at n video. Let's see if we can pull up n video Let's do our instrument searcher nvda See if anything pops up. There we go And let's just understand how many years worth of data we have which is 25 years Where are we at in a cycle in the cycle? If I go ahead and put that the trending tool on you'll see it real clearly here Then video basically says nancy seasonally speaking over 25 years. Oh What the heck um is that it should move lower into about the april 26 time frame before it really begins its rally out You can see in april that this seasonally speaking over a five-year period of time is when it struggles So kind of the struggles that you're seeing Play out to what happens seasonally, but then take a look at may may is basically may and december I'm actually may november are the two top performing months for n video So just kind of keep that in your cap out there now. Let's go take a look at the charts are telling us Well, we have a nice nice rogment dominicator top that formed out there at the high on March the 8th and that's really led to just this little sideways consolidation patterns out there You know, you can see the rectangle if you just follow along my cursor out here And you've got that nice td 9 count bottom So price is trading into that swing point out there that swing point had volume of 50 million shares today so far In just the first two hours of trading you're at 20 million shares So 20 times 3 is 60 million shares what n video is telling you nance is that price is pulling back into a swing point With similar type volume maybe it's more volume at day's end If it is more volume at day's end and you do close inside that swing point And that would require a close below 876 35 Then that's telling you price wants to go down and test that low Added to that is the fact that it would be below the bottom of its daily profile at 873 52 So at this moment of the game at 1137 it looks like what price wants to do is move down to 830 22 If we take a look at the weekly time frame chart price is just simply consolidating with inside its profile But price is now below that green oscillator and changeline the green oscillator and changeline on a weekly basis at 876 23 Let's open up this chart We're a hump day what we can see here is price has pretty much been above that level ever since january 12th out there So price is losing this momentum When it's losing this momentum well adds to the idea inside the daily time frame then That price wants to get back and test that swing low from the daily time frame again That level was 830 22 monthly chart for nvidia looks pretty good So if you go back to really the seasonal pattern that nvidia deals with here You know this suggests that we move lower again in towards the end of april again take a look at may It's one of its best performing months. And so if you're looking for a bottom out here I would let things play out until towards the end of the month. That doesn't mean don't keep track of what's laying on here But right now all the charts are suggesting that yeah this thing wants to get down and test that swing alone So dance, I hope that provided you with the information we're looking for if not, let me know and we'll get that to you Take care see roads with tfnn. 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Let's go out to philly and speak with john Hey, john. Thanks for calling. Thanks for holding. How are you today? Steve, i'm doing very well. Uh, thanks for taking the call and i wanted to ask you steve about copy features Yes, steve the lead contract right now. We're just in the middle of a roll process So the active contract is the july contract at the kcm for And steve i've been trading this uh all year exclusively on the long side Uh currently long And wanted to ask you if you could assess the daily and the weekly charts And tell me is there anything in the work that you do That suggests to you a, uh Rally completion topping sort of thing Coming soon. That'd be my question. And if I could just uh, I'd like to listen off air to your answer, please Absolutely. Hey, john is always thanks so much for the call And so i've got the coffee charts up on on the white background screens now for me to get the uh today's data for coffee I would have to change data feeds that would screw up everything So what we're taking a look at Is as of last night's close and john's specific question Is there anything in my work that suggests that coffee might top and the answer would be or when it might top and the answer would be today How about that? Yesterday was bar number nine of a td9 count today is the bar following bar number nine No, I realize that is the bar following bar number nine So what that says is whatever today's high is not going to go switch over to the black background charts there I've got the data feed that I need so we can take a look at that But whatever today's high is john it price is able to close above that level Um, then that pattern gets negated and we continue to move higher. In fact, if you look at the weekly Well, let's do this here. Let's change screens Because I've got more data on my other screen out here. So let me just move over to those black background screens Here we go And you'll see that coffee is having a really nice day today. It's had a really nice week. It's had a really nice month Uh, I mean do we talk about a month? It's had one heck of a month out there So now you can see today's activity today's going to be bar number nine the present high out here john is 23980 I don't know where the high ends up today If it was the end of the day if price closed above that level that pattern gets negated There's another pattern that is present on the daily time frame chart and that's the a to b equal cd pattern So for this we'll go ahead and draw that in we'll see where we're at along that move Looks like we're more than the one to one yet. We're approaching the one to 1.272 another way for you to consider playing this Is to not sell until you see a bearish reversal candle to confirm that sell the d-point pattern So that's what I see when we take a get a daily time frame chart What we can notice here on a weekly and on a monthly we're trading above all profile levels out there I do not have a I do not have a topping signal on the day on the weekly or the monthly out there You still have that a to b equal cd pattern to the upside I think that's going to match what we just took a look at on the daily time frame, but Just in case let me just go ahead and put this one in as well This will certainly give us the clear next price projection level out here Now we'll see that that retracement that b to c retracement was a 50 percent retracement Folks that's part of that signature is telling you that the a to b equal cd pattern is very likely going to do more than a one to one Remember a to b equal cd patterns complete at the one to one level This is for larry's book back, you know many years ago was about 60 percent of the time I assume that he did he had done the work on that the question is what happens the other 40 percent of the time How do we find a way to give ourselves a competitive advantage of being able to interpret the charts and what they communicate to us Well along that a to b equal cd pattern that retracement is a real key level You do less than 0.618 it increases the odds that you're going to do more than one So here you can see that yes This is approaching the same a to b on the cd level that we took a look at on the daily time frame out there So the only topping signal that i've got for you john is going to be that daily td nine count pattern So that's what you should continue to watch and maybe tomorrow I wish I could put the intraday charts up on my screen for you Maybe what I can do is when the show is over and I close out all the charts I'll get that other screen activated to do a multi time frame a chart for you on coffee because you really want to start Take a look at those intraday signals, right if we're approaching the top We would start to see those signals form on those intraday time periods out there So hope that provided with what the information you were looking for and as always thanks so much for the call That was john in philly. Let's go back to those white background screens Let's start taking a look at the other requests that have come in um, and I don't know if this were your question or not, but as I was trying to Go through all the dense stuff. I saw that somebody was trading hood. So if we take a look at the hood, that's an etf out here What we'll see is that price is below its daily profile at 1815. We're trading below yesterday's low Looks like what price wants to do is go target the 1623 level out there There probably is an a to b equals cd pattern. Um, I would hear It looks like there's enough for retracement and that b point I would be using for that is april the 10th And that was 7.7 million shares and that was passed with 14 million shares So that a to b equals cd pattern. We'll just go ahead and draw that in now We know that information out here and i'm just going to move that line over to the uh To the c point of this move and voila, where's it take us to it takes us to that breakout area So it does look like hood has headed down to the 1623 level if 1623 or that a to b equals cd decides to expand Then the next area of support would be down at 1411 and that's coming from the weekly Bottom of its profile out there. So that's where I see when I take a look at hood That was for jimmy. Although it might have been a bonus out there and no request Dan in chicago would like to take a long-term trade when he says long term He's referring to two to three months inside of the tlt And so for that what I really should do is take a look at so here's the tlt charts The tlt charts say to you and I right now that that day has not come And the reason it says that is because you have a new profile that is forming today And it is above price the bottom of the profiles at 80 89 62 The price is well below that that tells us about overhead supply out there the Center is at 90 0 8 and then the top is at 91 45 Out here, I would expect if there were to be a further rally We'll go take a look at the zb out there that you would run onto resistance at about 90 0 8 on the tlt Let's take a look at the 30 or treasury charts out here Which is primarily just primarily the oops, sorry, I mean to put 30. I meant to put june 24 Is primarily the underlying instrument out here? So if we take a look at this just curious to is this forming that new profile as well So I don't see the new profile I do see and you see as well a big a to b equal cd pattern to the downside This is more than a one to one out there It did form a buy the d-point pattern It did that back here on april the 12th and then the very next trading session of the 15th and negated that signal So what this would need on a daily time frame at a minimum? As you would want to see some type of bullish reversal candle to confirm a bottom So that bottom pattern isn't in right now So I and I don't know when that might happen out there But that's what in essence what you would be looking at now the weekly time frame chart that has that td 9 count top Has formed an a to b equal cd to the downside And if we take a look at what its price projection is let's put the a to b line in there Let's move this over and take a look at this c to d So you're you're at the one to one level so weekly chart also is suggesting needs a bullish reversal candle to confirm a bottom But right now or just yet or 1150 on april 17th and the today is not the day Marvin writes in he's looking for a buy point on smci So let's pull those charts up on our screen out here and the buy point So the buy point was about a week ago. It looks like was a td 9 count bottom out here Marvin that formed it actually completed on the day of april the 12th And that very next trading session price closed below the bottom was bullish structured profile But that was a uh one hit wonder in fact volume on that day was 4.2 million shares going into 4.1 million shares Interesting right now. You've just got to consolidate with inside his profile. We come back to this break We'll finish looking at smcr then we'll go take a goro ftco Try to answer a question. Oh, we've only got 10 minutes We're going to try to take a look at as much as we can 10 minutes. I mean just a few minutes really want to come back We'll be right back old report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report Tom o'brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk Subscribe to tom o'brien's gold report newsletter now at tfnn.com In the world of trading only a few names stand out like larry pesevento a pros pro with over 50 years of experience larry has seen it all a former chicago mercantile exchange member larry has authored 10 books and trained over 1000 traders with his unmatched expertise introducing fibonacci 24 7 larry pesevento's daily trading service that turns the complexity of markets into opportunities Published every sunday receive a comprehensive report packed with detailed commentary charts and videos that illuminate the patterns shaping the markets With updates throughout the week Exclusively for subscribers whether through charts or videos larry's analysis is your roadmap to navigating the markets You can sign up now at tfnn.com for just 97 dollars and with all tfnn newsletters backed by a 30 day money back guarantee You have nothing to risk for all the details visit tfnn.com You'll find fibonacci 24 7 right under the newsletters tab Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live monday through friday during market hours for exclusive content that moves with the markets at tfnn We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn. We're so confident in the value We provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk. So why wait tune in live to tiger tv and transform your trading journey Because when you know better you invest better join us and experience the difference today tfnn educating investors So marvin the buy point on here. I would have to say would be inside his bullish structured profile It has found resistance at the top of its profile. So I'd be between the range of 889 to 926 Let's take a look at goro Goro for marty and uh, this is a gold stock out here And if we take a look at it right now, what you've got is a roseman dominicator top on the daily with price consolidated with inside His profile supporters 49 cents resistance up at 67 pennies. I don't see a toppy pattern On the weekly time frame chart So, uh, that's what I see. I apologize. We've got to go kind of quick here because the requests that have come in And so I'd like to be able to just at least get to each of those Uh, if we take a look at ftco marty, that was also another request of yours So here at ftco, you can see an a to b equal cd pattern to the downside You've got a bar number eight a td nine bar number nine You got a td nine count top that formed on march 21st It looks to me like what this wants to head to ftco. That is is four dollars and 36 cents 436 Is its breakout level on a weekly time frame chart out here. Why hasn't that populated? I guess it has and it doesn't have any, uh Accounts or anything. Okay. So right now, um, price should find support right here If it's only a counter trend move to the downside Price would find support at the center of that barestructured profile and so far it has that level to be watching Is going to be at 461 a price closed below 461 That's certainly going to bring that 436 or maybe even 411 into play out there So hope that helps you out marty with regard to those requests and ronin inside the tiger's den Wanted to take a look at ticker symbol e pd An e pd closed yesterday below its td nine count breakout level at 28 50 So when you close below that and we're down below it for the second consecutive day suggests lower price Now today's going to become bar number eight But in order for a td nine count bottom to form out here ronin You got to get below yesterday's low doesn't have to be today. You could be tomorrow So maybe we come back to this tomorrow or on friday out there and take a look at it's got the potential For forming a bottom that's weekly time frame charts got a td nine count top out there And you can also see a td sequential signal number 13 out there and that's something that Someone in the tiger's den was looking for and I didn't write down who but I don't have enough time to explain that But maybe tomorrow we can go back to that folks have a wonderful wednesday Be safe out there and i'll look forward to seeing you tomorrow at 11 a.m on terrific thursday. Take care