 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. Good morning folks, welcome to the wonderful Wednesday, the April 3rd edition of today's Trader's Edge show. I'm your host, Steve, 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 can make that one little two-by-four shift, well it means we can find the gift in every set of circumstances that life is going to toss at us. Now today you and I, let's go check on the circumstances of these markets. We'll go figure out what those bulls 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 am here to serve you. So feel free to pick up that phone. I'd love to hear from you at 877-927-6648. Now if you've got a question which you can't call in, I get that. And I've got your back. You can send me an email. Send that off to Steve at TFNN.com inside that subject. Just make it easier for me. Put radio show question or something like that. That would be great. And of course inside the Tiger's Den, well then any and every ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We got a sea of green out there when it comes to the U.S. Indices all trending the upside, not so inside the S&P sectors out here. But if we take a look at the Dow up 95 points, a quarter percent, four tenths for the S&P or 21 points, about six tenths for the Nasdaq 100, 102, 11 points for the Russell, 32 for the Summys, 165 for the Trannys. You've got gold up 21 bucks. Silver's up $1. That's a 4% move there. Light's recouped as up 56 pennies. Natural gas is flat. Third of your treasury put out $1,708. Our leaders in the clubhouse to the upside are MicroStrategy. An $80 move, 5%. Broadcom, $29, 2%. HubSpot, $21, 4%. Spotify, $17. Bucks and Lamb Research is up 17 as well. To the downside, it's that beautiful company, Alta Beauty, down 70 buckeroonies. That is a 13% move. ELF Beauty, not doing much better. 10% move down $19. Not a good beautification start to their day. Super Microdon, 14 bucks. Restoration hardware off 9. GCT Semiconductor down about 7 bucks. How about that earthquake overseas in Taiwan last night? I didn't get all the pictures out there, but I will probably during the evening, I'll try to surf through and see what I can see out there. At any event out here, let's be so, why do we have a bounce taking place here? Well, the first reason is if we take a look at yesterday's action activity out there, this is the daily timeframe chart. We can see that price inside the S&P 500, yes, many got back, test and reject to the top of its profile. When you trade above the top of the profile, basically conditions are bullish. Now there's a roadsman, Dominicator top from two days ago. So the overall signal here is neutral because price hasn't busted any level of sport. The NQ, big day to the downside, never actually got down on the black background charts at the top of the profile, on the white background charts it did. Again, support held out here, but it's still a neutral signal because of that roadsman to Dominicator top in 18709. Same pattern set up inside the YM and really the same pattern inside the Russell 2000. Now the Russell 2000 did form that new profile that you and I looked at yesterday. So you now have a solid area of support. It's a buy zone and that's between 2081 and 2100. So one thing to be watching today would be the Russell 2000 equity future contract to see if it can close above that 2100 level. The further it can close above that, the more of a likelihood that price then gets up to the top of its profile, which would be a 2138 out there. So support held across the board. What else transpired yesterday? Great question. Let's go ahead and move our charts over to the white background charts. And what we'll see here is just simply the normal dance steps. You and I, we have a competitive advantage over others because we understand how these markets work. We take a look at the ES mini. We open up this set of charts up here. We take a look at coming back to that major bottom that formed back here in October. We take a look at the normal dance steps where we can see our retracement typically lasts two to three bars. Two to three bars. That's it. What was yesterday? Bar number two. So and I'm just showing the bottoms at this stage. I'm not showing both the top and the bottoms here just so folks are not really too focused on anything else. Now what we should also get then is we should get a two day rally. However, until we close above yesterday's high out there a little bit suspect on that. It could just be a one hit wonder because of those tops and the NQ only one day moved to the downside. We take a look at the YM. It was two days to the downside. The Russell, the same thing out there. So just the normal. So what's going on right now is just really normal dance steps. We're still in a bullish mode with tops out there both on the daily and the weekly timeframe. So it does suggest caution out there. If we take a quick peek and go take a look at interday. What's going on? We'll pull those charts up here momentarily just to get a feel for any types of signals. These are not the charts. By the way, they'll be here momentarily and we're going to begin with the NQ. I believe is what's going to pop up on our screen here. Daily timeframe. You and I've already covered that. If we take a look at the. So where do we have the bottom pattern out here? Well, turns out you had a bottom pattern in the five hour timeframe chart. It was a by the D point pattern that formed out here and that completed at five o'clock last evening. Now what we have is we have price trading above the top of its profile. This candle session doesn't complete till 2 p.m. But if price is trading of 18404 as it is right now, it suggests that price get all the way back to that 18607 level. I would also throw out there that 18567 is another key area of resistance. So this shows 18607. I'd say watch 18567 if price gets up there. That could be where you then see the NQ turned down on a four hour timeframe chart. We don't have a bottom signal here. We didn't get a bullish reversal candidate confirm its pattern. But what we can say is that price has been trading below its bullish structured profile for the four hour timeframe chart. And it did it for more than two bars out there. What's that tell us? That says if this is just a counter trend move right here right now is where price stops. Why? Because it's the center of that bullish structured profile. The read on that the exact number is 18443 or traded 18443. So watch that level price is able to get above that and that tells us at least for the four hour timeframe that this is more than a counter trend move and that price could be making its way to 18523, 18604. Again, watch the 18567 on a rally. If we take a look at the two hour timeframe chart same kind of a pattern by the D point price is trading well above the top of its profile. It's suggesting 18511. So now I say watch 18511 to 18567 on this rally. I could keep going on here. What we don't have other than the 10 minute timeframe chart is a topping signal. We are in bar number nine. That's going to complete at 1120. The pattern will complete at 1130. So hopefully we'll be able to look at this between 1130 and a 12 noon out there. The 10 minute chart suggests we could see some type of short term pullback. Now the cool thing about that is that 1130 will have a completed TD nine count top at 1140, 1150. Those other 10 minute bars question is is price taking those levels out? If it does for the 10 minute timeframe tells you about a very strong upward momentum move out there. So that's what taking place. We take a look at the NQ. We take a look at the general markets out there. I would say the NQ and the Russell were the weakest yesterday out here. Let's just leave this and let's try to get into some of our other questions that came in. I'll switch back to the black background charts here. Well, tell you what, we're going to go to a break. When we come back to this break, we're going to take a look at the New York Stock Exchange advanced client oscillator for Peter in Park City. Then we're going to take a good talent here for Greg Amm. He wants to add to a long position. We're going to look at gold, silver, copper and oil for Z inside the Tigerson and a Nike for Dan. He sees a nice bounce coming. Steve Rhodes with TFNM. We'll 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 and markets present them using a combination of fundamentals and technicals. 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Just visit the front page of TFNN.com toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks to the chart we have up on our screen right now is the New York Stock Exchange. That's at the top panel. Down below that is the actual Advanced Decline line. Below that is the Advanced Decline Oscillator. The Advanced Decline Oscillator is nothing more than between the 19 and the 39 period exponential moving average of the Advanced Decline line. Now, you'll see a red horizontal line there. That's the zero threshold level. In essence, just generally speaking, when price is above that zero threshold level, conditions are basically in favor of buyers out there. Again, I'm just generally speaking it's a little bit more of a nuance than just that, but we want to start there. When price is below that zero threshold level, then it indicates that sellers are the ones that are in control. Now, you've got to be above and below for at least a couple of days. Look, we have been oscillating, Peter. We have been oscillating back and forth above this line for the last couple of weeks out there. And in my opinion, it is not providing you and I with a clear enough signal out there. Price is below the zero threshold level. This might be day number two. I will still say that okay, that does give sellers a bit of an advantage. It's especially a big advantage when you have the spot bulletinics above the 50-day exponential moving average, which it is right now. The 50-day exponential moving average. Well, we'll move over. So, now the advanced client line, Peter, this is kind of interesting. I hadn't really taken notice. We've gotten basically back to the highs that were out here back in 2021 out there. So, even though we are above the 2021 highs, the advanced market breadth is really pretty good when we take a look at the New York Stock Exchange and at Advanced Client Analysis. So, I don't think it provides us with a really clear signal out there, but there's a lot that helps you out. And as always, Peter, thanks so much for your request. Let's go to our first caller. It is Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing today? I'm doing good, Steve. How are you? Excellent. Thanks so much for asking. WBA, is that Walgreens boots? Is that what you're taking a look at? That's right. I have no position. I just have been watching it here and there and I saw that yesterday it got down to a low. I went way back on the charts and it was back to like 97 or something where it had been that low. So, I just wanted to get your thoughts on it. I noticed it all was on the weekly, which of course hasn't finished yet. It looked like it had RMI bottom on it. If you could take a look and see what she happened to notice and anything that you might pick up or think that would indicate there's any kind of a bottom potentially in the front that's being made. What's going on with Walgreens? I can see that. Yeah. It got from 100 plus dollars in 2015 all the way down to 18 bucks and you're right. It's trading below a lot of lows out here. When it comes to swing point lows, yeah, it's trading into the 1998 timeframe, 1997 timeframe, but it's a real struggle to find a decent swing point there. You really don't get it until 1994 into about $3 in change level out there. Let me switch over to the white background charts and see if we can pick up on any patterns here. Mama will be over there and see if there's anything, any signals daily, weekly, or monthly. Let's start with the monthly timeframe. The monthly timeframe shows that a close below the November 2023 low out there. That is at $19.68 on the April 3rd. A close below that would negate it still would leave a roadsman to indicator signal trigger, but that would require a bullish reversal candle prices below profile support of this stage. So I would say a close below that November 2023 low is pretty bearish right now on a weekly timeframe prices taking out a TD nine count bottom this form the week of March the 8th. So a close below that at weeks and it being 2042 suggests lower price. We're trading below a hammer candle and roadsman to indicator bottom the week of December 1st. It says a close below 1968 at the end of the week is a bearish signal and says that we had a lower. I don't have any other bottoming pattern. It still has triggered arrangement to indicator signal that requires a whole new refresh and that means a new bullish reversal candle. Finally, we take a look at the daily timeframe Brent. I've got nothing out here. Now maybe there's an A to B equal CD pattern that we can draw in. Let's take a look at that here. Just the most recent A to D pattern and there's our A to B and I'll just simply move this over to the C point. So the C point says that that price projection is right about the 1825 ish area out there. So you could be looking for some type of bullish reversal candle around there that might just give us a short term rally. Don't know if it really be anything significant, especially because of the way that it looks like the weekly is going to negate its bottom signals and the monthly looks like it may do that too. It's too early to tell on the on the monthly timeframe. Is there any area that you're eyeing on this that we should take a look at and see if there's anything going on there? I didn't do a ton of work on it, Steve. And honestly, I'm just on a walk right now to have my computer in front of me. But I just noticed it was, you know, like you kind of pointed out it's definitely down there some lower levels that it hasn't been. At this point, it's pretty ugly looking. I'm just going to keep an eye on it. It really is. It sounds like, yeah, just keep watching it. There's something going on there that must not be very good. Definitely struggling. And I'm really a Czech TVS and some of the other, you know, competitive companies in that area. But if there are charts or anything like that, I just, yeah, I think I'm going to do some more research and just keep an eye on it. And I know they had their earnings not like last week towards in the last week, maybe Friday or wouldn't on Friday, Thursday, I guess. Yeah, so, so odd though. Yeah, it had that little pop up to like 20 something, but then it just gave that all up and now it's lower. Yeah, you know, really, it's hard to draw. I mean, I don't, you know, it's hard to draw a conclusion here. Why does this thing take out in 2015? And it's basically been moving lower ever since. I mean, even, even during the COVID time period, you know, it had a little bit of a rally. But wow, it's a, it doesn't look good yet. It doesn't look good for Walgreens boots. Were they kicked out of the Dow? It's possible. I don't really follow it that much. I just, it's one of those that, yeah, anyway, I really appreciate it, Steve. All kids on it, it's one of those that maybe you're better off just avoiding, you know, it's sometimes they just don't work out. Yeah, at this stage. Hey, keep your keep your eye on the road in front of you as you walk. And as always, thanks much for calling and always great to hear from you. That is Brent in Martinez, California. Let's move on and take a look at Palantir. This is for Greg M. Greg wrote in might have been early this morning, late yesterday. I think it was late yesterday afternoon or evening and I would like to add to his position in Palantir. He realizes there's an A to B equal CD to the downside and there's, I don't think it was confirmed by volume. What I mean by let's check on that. That's my recollection the swing point of that A to B equal CD was from the day of March 19th 43 million shares. Now, his price passed through there. It was with 41 million shares. So a little bit lighter yesterday was with 39 million shares. Nonetheless, you still have an A to B equal CD pattern with price below a brand new profile that is forming today. So that's kind of a, it's not kind of, it is a bearish message out there. So the one to one price project will be 2090 when we look at the weekly timeframe chart what we have out here. Greg is a weekly roadsman to indicator top with price below its associated and change lines. So we know it has lost this momentum. It just suggest a further retracement. Now its area of support is between $17 and 1796 out there. If we're wondering why did its price stop where it did all we have to do is take a look at the week of the monthly timeframe chart. It had a great rally up until last month where it ran right into its TD9 account breakdown resistance level, which is a beautiful thing out there. Folks, you really should you should understand this pattern. It's pretty easy to do. It's easy to do it on your daily or weekly chart. You don't need the automated tool like I have out there, but boy it helps you understand support and resistance real well. We'll come back from this break. We'll answer Greg's question. Where is it likely to add to a long term position at the right time? Hi folks, this is Tom O'Brien. It's the 22nd anniversary of the Gold Report. Can you believe it? We've taken 22 trips around the sun together and we have many more to come. This year alone the Gold Report has returned 30% and I want you to come along for the ride. I provide in-depth analysis of the gold market as a whole, in addition to providing outlooks on individual mining equities. For a limited time you can save 35% off the monthly price for as long as you subscribe. 35% savings will be applied to the current monthly price and it will stay with your subscription forever. With gold pushing all time high as gold equities trading higher and inflation still raging this is a great time to try my newsletter of the Gold Report. First time back guarantee so you have nothing to risk. Just enter promo code 22 years at checkout and you'll see that 35% savings applied to your subscription price and this deal will stay with your subscription for as long as you subscribe. Don't forget, just enter promo code 22 years at checkout. 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. 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Visit Direction.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.com. Read carefully Distributor, Four Side Fund Services LLC Welcome back folks. So we take a good talent here. The difficulty here in trying to answer Greg's question is that one of the things he's wondering, I believe it was is we'll price get back to this gap. Now this thing gapped up big time on February 6 when I say big time, volume of 421 million shares. Now it's not a swing point but it certainly is a breakout area and as an example yesterday price pulled back into that with 39 million shares rejected that candle closed above it. Today we never got back down to touch that level. We are trading above yesterday's high. As I mentioned there's new profile that formed 2360 is the bottom of that profile so that would be a resistance area. Can I see price rallying up to that 2360 level? Absolutely. Why is that Stevo? Well if we take a good talent here out here it would just be normal to at least get a two day rally. Yesterday was not the first day of that rally closed lower out there. So we're trading above yesterday's high as long as we stay above yesterday's high this will end up being in really yesterday's closed but I'd prefer to stay above yesterday's high this would be day number one. So you could at least see a two bar rally out here inside a Palantir and then I would say that price projection would be right up into that resistance area out there and that would be at the 236 level. What happens if price gets that 2360 area out there? Well it would be back above that swing point that we used for the A to B equal CD to the downside. So this one gets a bit tricky out here in my opinion. Now we'd like to get that rally. Good question out here. All we have to do is look at a 30 minute time frame chart and see what signals we have. We have a TD 9 count bottom pattern a top pattern that formed at a four o'clock yesterday afternoon. Price closed above it as we came into the 10 30 bar out there so that pattern didn't negate it. We're trading about profiles. This is suggesting that Palantir should rally further. Now 24 28 would be its target to the upside but on that daily time frame we've got what was the number 2360. So I'm going to go with this is a hard call out there. You're already in a long position. So maybe what you want to do here is be conservative. So let's see if this A to B equal CD pattern comes to fruition down in that 29 area. So hope that helps you out Greg and help you also understand kind of the predicament with regard to well where is a good place. We don't have a bottom but we're below a swing point on a little bit of a later volume out there. So I hope that helps you out. John inside the Tigers wanted to take a look at four instruments. Let's go begin that journey. The first one was to take a look at not necessarily in this order but we're going to take it in this order and the first one was to take a look at Goldilocks and the question is for each of these instruments are we nearing a time period where the rally may complete. So we take a look at Goldilocks get those charts up here. What do we see? Well here's what you know I don't have it written in on my system but on the daily time frame first on the daily time frame John we do not see any kind of a topping signal we have a roadsman diminicator pattern that is triggered we are bar number seven your question about are we near a potential topping point. Well a TD nine count could do that would do that the last topic we had out here was a TD nine count that formed on bar number nine. This says that you could get a topping pattern that forms between Thursday and Monday of next week on a daily time frame and that would be the pattern hasn't you know formed just yet we need to at least get to bar number eight with that being a high out there and then the answer to that question on a daily signal would be yes on the weekly time frame the answer is no we're only in bar number seven as we speak right now there's an A to B equal CD pattern the upside that A to B equal CD pattern the upside has a initial price projection of twenty three twenty seven so we're not really that far away from it it could do that in a heartbeat it could do that in a moment out there so but and gold usually does more than a one to one A to B equal CD but twenty three twenty seven is the initial price target area and a bearish reversal can on a daily time frame would generate a topping signal so we would want to be on the watch for that because you can get a TD nine count they sell the D point and a Rosemont to Mindicator top all forming at the same time probably early next week as a potential the monthly chart looks up bullish as well out here we're trading of last month's side no topping signal there on an intraday basis John on the four hour time frame chart and the five hour I have Rosemont to Mindicator tops but those tops will be negated and I pay attention to the one from the five hour time frame chart and that would get negated with a close above twenty three oh eight eighty now we are trading above the top of its profile twenty three oh three eighty I expect I would anticipate that this top will end up failing that we see gold rally further but to answer your question do we see a potential top yeah it's it would likely come between tomorrow and Monday out there if in fact it does form your next request was to take a look at well let's go back let's take a light sweet crude in the case of light sweet crude it's in an A to B CD pattern the upside for its daily time frame not drawn in here but we see that we do the eleven a.m. update out there its next price projections already above to one point two seven two a to B equal CD pattern there was a sell the D point pattern that also formed out here in the trading day of March 20th that was negated back here on April the second that was yesterday April first April Fool's Day sorry about that April 1st is I was fooling you as when it negated that the signal out there so the one that one point six weight price projection level eighty seven sixty two we look at a weekly time frame no topping signal at all your bar number six that suggests wants to move higher I can't rely on the well I can rely on the monthly time frame because I do have me out there so this so no topping pattern there is a TD nine count that it's doing with so an all out breakout inside of light sweet crude would be or we would require a close above eighty eight thirty one we get above eighty eight thirty one well then we're that six dollar plus a gallon price out there it's it you know it's insane what they charge for gas here in south florida and we were back up to five sixty the gallon for premium we were almost a dollar or less than that in Naples always fill up in Naples for sure so with regard to a light sweet crude done it looks like it wants to add higher we've got some intraday topping signals out here I see one on a five hour time frame chart so with this would that say pay that says if we get a close above eighty six ten and a five hour time frame chart this tells us that it wants to add higher you also want to take a high-grade copper we take a high-grade copper out here what we've got is a while we've got price taking out the top of its daily profile four dollars and sixteen cents on a daily time frame that's that's up into a to be equal CD pattern so holy snikies out there on a monthly time frame I do not see a topping pattern on a weekly time frame we are in bar number eight so there's a potential John for a top in high-grade copper to form between this weekend the next two but we look at the daily time frame it says it ain't going to be this week because we're taking out a B point is going to set up a very large A to B equal CD to the upside your last request was to take a look at what was it gold silver oil copper silver let's get over to silver real quickly here before we get a break in high host silver what we have here we've got silver in a to be equal CD pattern the upside no other topping signal on the daily time frame twenty eight twenty three is its initial price projection level on a weekly basis you're in bar number eight for silver you're trading above a new profile that formed last week out there this is in bullish mode this says you could see a top between this week and the next two I don't think on the daily time frame it says it's this week at all so to answer your question I hope that are there potential tops forming or not I think gold was the only one that really had 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four-side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ extra questions from Dan inside the Tigris Den you'd like to take a look at Nike out here so Dan when I take a look at the daily timeframe what I'm missing is any kind of a bottoming pattern now and when I and when I look at it only bottoming pattern could be their prices getting back towards this swing point so this a Nike had gapped up back on September 29 with 34 million shares so it backed off yesterday traded below support profile disaster and change line with 11 million shares it's pulling into a swing point that was a TD nine count bottom back in September 28 the high there 89 78 16 million shares so far today in Nike in two hours of trading to pull this over so about that it's done about 3 million shares so we're at about a 10 to 12 million share a day and that swing point has volume of 16 million shares now it has not gotten down to the high I would say if you're looking for some type of bounce at this stage here you want to see a test and rejection of 89 78 16 million shares so far today's low is a 90 28 out there so if you get that test and rejection of a swing point you could easily bounce up into the level that would be the bottom of its a daily profile when we take a look at a weekly time frame chart the weekly time frame chart shows us trading into the same swing point that swing point on a weekly basis at 75 million shares we closed inside there with 80 million shares we did that two weeks ago last week it was a little bit lighter as 47 million shares but we're still inside that swing point now what that suggests Dan is that price will get down and test that swing low and that's down at 88 66 we were really taking a look at the daily swing high out there but that would be I'd say the range between that swing point out there on a monthly basis it's suggesting that price may want to get back to its breakout level and that would be about 84 11 now if I look to an intraday chart to see if there's something going on intraday to pay attention to there's Roachman to indicator signal that was confirmed here at 11 a.m. prices dealing with a bunch of resistance profile resistance next one is up at the 91 21 level above that you'd be looking at 91 90 so I think it looks more like Nike is headed lower before it adds higher with any kind of considerable bounce or rally out there but that's what I see when I take a look at the chart so I hope that that helped out with regard to Nike do I see it getting into the 97 dollar level well you've got a battle certainly at 92 74 and then one at 93 32 so you know where your battles are at I don't know if it can take those battles out or not I don't think it's prepared to even make that attempt just yet let's go take a look at the Japanese yen this for CKP inside the Tigers then let's get a feel for what it is communicating to us so give me a moment we'll get back to its set of charts out here and here we've got monthly weekly daily and other intraday time periods so we take a look at the daily time frame probably the chart that you should pay most attention to CKP I'll just simply expand it out the reason is not because the 150 88 level where it was a negation of a TD 9 count but there's a new TD 9 count pattern out here and so that level to be watching give me a moment here to get rid of that there's going to be the high following bar number 9 that was from the high of March 27 that high out there is at 151 97 a price closes above that indicates that signal and tells us that the yen wants to continue to weaken against the US dollar index since that TD 9 count pattern has formed which was about six days ago price has continued to find support of that green oscillator and change line what that means CKP is that the overall signal is neutral right now it's got a topping pattern but it ain't bearish is held this green oscillator and change line tells you and I we have a rising price oscillator above zero and those just simply are bullish conditions out there that's the daily time frame message let's take a look at the weekly and the monthly the weekly time frame message says that all price needs to do to get to a full breakout mode out here is close above the high from October 21st back in 2022 and that requires a close above 159 94 if we do that the end is going to weaken even further out there so that's what I see when I take a look at the yen it's really going to be about the oscillator and change line on the daily at around 152 50 let's call it and that TD 9 count top so CKP I hope that helps you out and as always thanks so much for the request let's go out to Oregon and speak with the rich rich thanks for calling thanks for holding how are you doing today I appreciate the time sure no problem question is about ACMR okay what do you see in your chart for like daily action weekly and in that do you see any possibility of a breakout are you so are you are you in the position as we speak right now are you looking to get in I'm in I was going to add to it but I kind of held off okay I do have a target do you have an area where you were looking to potentially add well I was looking at the 28 2850 area okay all right excellent so thanks thanks for helping here here's what we know about ACMR which is ACM research and that is that it most recently formed a TD 9 count bottom it accomplished that task on March the 15th out there that TD 9 count bottom was tested way back here on March the 19th probably look like it was getting ready to crater at some point in time there as price was pulling back and testing a breakout level that was a swing point where it's got that gap from February 28th now there was 12 million shares that traded that day when that area was tested was with three million shares quite a bit later volume and also had that profile supported 2572 so that TD 9 count bottom held what then resulted is price rallied right up into the TD 9 count breakdown resistance level at 3218 it accomplished that task on March 25th what I would share with you now is that we have a consolidation between 3218 and 2572 and it looks to me like prices trying to get back up to that 3218 level I have no idea if it will take that out it was resistance before it may be resistance again but if you were to get a pullback into the 2571 area that's where I would be looking to add to that position as we speak right now that's off the daily time frame and there are two daily resistance points for you to watch 3218 which we know is already held as resistance and above that is the profile and it's trading into the cell zone cell zone because the center is closer in proximity to the top of the profile then to the bottom that tells us we have more sellers in the range of 3006 to 3295 if price can clear 3295 it's back off to the races out there now the races would likely then run into a battle at $37.29 that is the monthly TD 9 count breakdown resistance area so it's in a consolidation pattern if you're looking to add that position on a pullback you'd love to see it get back down to 2571 that may not happen I don't know if that was an earnings release on March 19th or what transpired on that day where price tested that little breakout big breakout quite frankly from February 28th out there but you're still in that consolidation pattern does that answer your question or is there something else I should look at on the charts the weekly chart by the way looks are looks really good so that looks bullish as can be and the monthly chart is really the same it's just got that battle at $37.29 does that provide you with the information you were looking for yes that's what I was feeling that it was just consolidating in here yes and it seems to have gotten down to the 28 range and that kind of rebounded again but I didn't know whether it was getting ready to like you said go back down into the 25 or break above the the 33 and we don't have any signal to suggest it's headed back there but that is the consolidation zone and you prefer to buy at the bottom if you can you're welcome to hold on we're going to a break here but if not thanks much for calling Rich and we'll look forward to speaking with you again soon see roads with TFNM we'll be right back folks hi folks this is Tom O'Brien it's the 22nd anniversary of the Gold Report can you believe it? we've taken 22 trips around the sun together and we have many more to come this year alone the Gold Report has returned over 50% and I want you to come along for the ride I provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities for a limited time you can save 35% off the monthly price for as long as you subscribe it will be applied to the current monthly price and it will stay with your subscription forever with gold pushing all time high as gold equities trading higher and inflation still raging this is a great time to try my newsletter the gold report first time subscribers get a 30 day money back guarantee so you have nothing to risk just enter promo code 22 years at checkout and you'll see the 35% savings applied to your subscription price and this deal will stay with your subscription for as long as you subscribe don't forget just enter promo code 20 years at checkout 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 and with all TFNN newsletters backed by a 30 day money back guarantee you have nothing to risk at 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 with 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 $1 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 let's form your trading journey because when you know better you invest better join us and experience the difference today TFNN Educating Investors Good back folks let me try to get through these requests some of them that came in one was for XPEV it's going to go ahead and form a TD9 Countdown pattern today we shouldn't see price rally into about the $8 level $8.52 would be a beautiful thing that is your 8 and 8.52 are your two resistance levels on a rally you got a 30 minute roadsman to mitigate your bottom as well that I see on another screen next request was to take a look at CLSK this is for Marty Marty you've got price at close below the bottom of its bullish structured profile yesterday you got two days below that that suggests lower price lower price where the first place I'd be looking is 1502 the second place will be 1333 those are from the weekly timeframe profile levels out there so we CLSK had lower Nicholas wanted me to comment on the volume inside of the spy out there in the fact that it is moving higher with lighter volume although the day is not out here's what I can just simply share with you with regard to the spy I really you know the volume yesterday as an example on its gap to the downside was 74 million shares the day when it was moving higher was with 70 million shares that was on March the 20th that's kind of what it was going against I don't really consider to be too much volume on the way down and you know in today's volume so far has been 17 million shares out there prices above the top of its profile it's got a top that's out here but looks like it wants to rally a two-day rally would be a likely out there what else was asked was about the Q's as well really the same thing out there so let's take a look at AAP that was a request that just came in let's see what the charts are communicating to us out here we take a look at AAP come on populate populate I wish I I wish I could just switch over to a different set of screens out there would do that in heartbeat we take look at the ES many and see where we're at there so with regard to AAP we've got a TD nine count top price loss momentum it's blow screen us that are in change line I would say SMP that 82 11 would be its next downside target that would be it's the top of its daily profile out there a folks thanks much for all the request that's so helpful to get that I'll look forward to that same thing tomorrow on terrific Thursday but before then please have a wonderful Wednesday be safe out there and look forward to seeing you again soon take care