 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good day folks. Welcome to the October 22nd the fantastic Friday edition of today's Traders Zed 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 we're been out there is having a great day And let's make sure we have an extraordinary one and the easiest way to do that Just 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 ship 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 how the bulls and bears how the buyers and sellers what they're communicating to you and I at Just past eight o'clock in the morning That's right if you listen in at the normal time slip time time frame slot We're recording this show between eight and nine. We'll make it as pertinent as we can for you during that time segment If you are listening live, we would love to hear from you So you can give us a call at 877-927-6648 if you can't call in you can always send me an email again If you're listening between eight and nine go ahead and send me an email Send it to Steve at tfnn.com and inside the subject heading if you would be kind enough to 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 financial news Network and Steve Rhodes. Welcome to lush all right I've got a little bit of a mixed bag in the equity futures You've got the Dow equity futures up 78 points while the Nasdaq is off 37 primarily primarily fueled by Intel snap Google Facebook, so we'll take a look at those charts see where they're trading into You've got it's funny. I've got platinum futures up there with the equities You've got the ES many up four points the Russell is up eight Over in Asia last night a bit of a mixed bag the Shanghai down just a bit 12 points The other markets were to the upside the Nikkei up 96. They ain't saying up 109 It was flat in the Australian 200 of point one out there golds up 12 bucks straight out of 1794 Silver's up 26 cents a little over 1% she's trained at 24 43 lights recruit trading up at 83 34 Coppers up a tad you've got 30 your treasury off six ticks US dollar index is down 10 pennies I've got about a 10 minute delay on that and so what's all that mean or how does Stevie start his day one of the first things I'll show you one of the Tables that subscribers get each morning out here and it helps me to understand what the markets are communicating to us So it's a stable right here It takes a look at various different instruments as you can see down the left-hand side And then what I give you is the market outlook or what I give subscribers is the market outlook for various time frames So we've got the daily weekly monthly. We have a 15 minute We've got a 30 minute 65 minute 130 and all these signals will change as the market Moves higher or lower how the market's responding to its TAS market profile So it's responding to the oscillator and change line and that generates all those signals out there The other thing that I do is from a daily standpoint because they can only Condense so much onto one page out here, but I've got the daily signals as well in other words bottom signals topping signals That's the roads meant to indicator. So here you've got a bottom that was confirmed in a palladium I don't know when that occurred. I'm not saying that was today by the way Just that there's a bottom signal in there. We had the natural gas had that top confirmed We've talked about that over the last couple of days out here But the other thing we can take a look at that is really a bit more active are the td9 count So for example a cocoa futures if you traded cocoa you'd want to know that this has a valid td9 bottom signal out here Now today's likely or yesterday's was likely bar 9 So today could be a lower low and still maintain that program maintain that pattern out here There's also a potential td9 count top in the real estate sector. Yesterday would have been bar number eight that had closed that So this is helpful for those people that are in those instruments to take a look and possibly shore up Stops and things of that sort. I've also got the Chapman wave counts out here letter g the capital letter g They identify potential topping signals. So we've got one inside the xle. We've got one inside the xlf You've got one inside the xly now you won't get a confirmed g until you make a lower high For those patterns, but those are the instruments that people would take a look at because you've got those type of topping signals That are out there So that'd be the first thing that that that I would do another thing that I do and with subscribers is we try to understand What's the message of the markets overnight from an international standpoint? So we take a look at as we take a look at the Shanghai the Hang Seng the Nikke also take a look at the Daxon the footsie So this is a five core international indices that I take a look at if we take a look at the Shanghai out here Last night price was testing and it rejected that green oscillator and changeline So that suggests a further retracement in the case of the Hang Seng and I didn't go to those charts I can also go to my international charts and it will show that the Hang Seng has generated a TD 9 count top Now what we should see take place here. So one of two things I have this top holds And if this top holds price will then make its way back to the oscillator and changeline That's in the 25 194 level on the other hand if price is able to close above yesterday's high That's the high of the pattern. I know it's the high of the pattern because I've got a letter b on top of it So my system lets me know that right away That's part of the jet wave count And if we take a look at if price we're able to close above 26 229 That tells us about a strong moment to move to the upside now Where would price take us on that strong moment to move? Well, the next area would be its next TD 9 breakdown level of 27 7 86 So for those of you interested in trading the Hang Seng you want to be paying close attention to Either the move to the upside again just a close above the high from yesterday We'll signal that move higher Where right now you should be anticipating and planning and move back to that oscillator and changeline In the case of the DK close back below. It's got a a to b equal CD pattern It's got a confirmed Gartley sell pattern. So that was confirmed yesterday when price had gapped down So you can see the a to b or I'll draw that a to b equal CD pattern in here And the reason why you want to understand what's going on with the international markets is because Certainly they can have an impact on the us market. So here's the a to b equal CD pattern It gets confirmed with that gap to the downside price is now below its oscillator and changeline That suggests a move towards the swing point back here from the trading day of let's get to it the trading day of October the 6th We take a look at the DAX out here So the DAX generated a sell the d-point and it generated that with this little bear sash candle on October 18th Now if price is able to close today about 15 5 98 58 That will negate that pattern and then that could be even setting up another a to b equal CD to the upside If you take a look at the footsie the footsie has a confirmed sell the d-point and But if price is able to take out the resistance level Which is 72 43 85 That will suggest a further move higher US dollar index it has a roadsman to indicator top that was confirmed with his bearish and golfing candle Price right now is inside the daily profiles now if we take a look at the US dollar index You'll see that so far the low of the pattern was yesterday That was bar number seven So if we see a move lower inside the US dollar index it could get and this is a move lower below that low By the way, what was that low yesterday? Let me give that to you that low was 93.475 Any move below it does not to be a close below, but any move below today Monday or tuesday would trigger a td9 count bottom And you've got the exact opposite pattern inside the euro You can see the euro generated bar number seven yesterday the counterpart being the US dollar index out here Not that that's the only thing that is inside the US dollar index But it is the largest influencing factor because of its 57 percent waiting in there if we take a look at the Japanese yen We can see that it identified or formed a td9 count top and if price could close below that green oscillator and Change line that suggests a further retracement. So that's what's going on in the international markets What's going on in the us? Okay, so we take so well, how do we summarize all this? The charts here tell us that the shanghai should head lower the hengseng should head lower the dk should head lower So we've got we understand what's going on in asia out there In the case of the backs and the footsie they both have toffee patterns in place as we speak So we'll be back for this break in a moment. We'll go take a look at the us partners 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 base scanner Powered by its acclaimed task proprietary algorithms This feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks etf's 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 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 the price You should be paying per square foot in certain up and coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727-329-8322 Or email us at tiger at tfnn.com. That's 727-329-8322 call us 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 Toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks who are recording the show this morning between 8 and 8 30 if you're listening in the normal time frame Thanks so much for doing that. We'll be back to normal programming on monday But in the meantime right now we're taking a look at the us equity future So in that first segment we took a look what was going around the globe We know that we've got topping patterns really in all the five core indices that we take a look at But when it comes to us we don't we have a to b equal cd patterns that are present At least in the es nq and the adow and now we've got another pattern that may unfold here Come next week and that's the td9 count pattern So today should form bar number seven for all four of these equity instruments However, what's unique about the es the nq and the dow is that their oscillator and change lines Those are the green and red lines that you see on my chart out of the squiggly lines Those change colors a handful of days ago now when that changes color That's when the price oscillator actually gets to zero and what typically happens Is that over the coming sessions? I don't know how many We see price and that line gets up to each other So we know that that is a phenomena that occurs. I can't tell you why not because I can't tell you why But because I can't tell you why I just know that it happens I know that it works that way I watch it happen all of the time And so that's what we should expect so what this these charts are communicating to you and I Is that we should see at least bar number eight form out there and that says we should see a higher high Come monday because today will be or should become bar number seven The only that's assuming here by the way that's assuming that we don't get bearish reversal candles If we were to get bearish reversal candles today Then we would have a sell the d-point pattern for the es the nq and the dow So that's the only caveat. So short of that. What is it that we should anticipate? So short of that we should anticipate that the es and all four of these will actually go on to form td9 count tops That would occur between monday and wednesday of next week And then when those tops take place, we should see price pull back to the oscillator and changeline Maybe it does more than that, but that would be the first thing that we would be looking for I haven't left out the russell 2000 on purpose or anything. It's just that it's oscillator and changeline Change colors and already had that bullish test as it was changing colors So not that it price won't pull back there. It's just more clear The signal that is or the signals in the es the nq and the dow So if the u.s markets are going to continue to move higher It's the DAX that would be most in jeopardy. I would think of negating its sell signal out there And we took a look at that during that opening. So what is it? We should anticipate here? I think right now again short of a bearish reversal candle on the daily time frame We should expect price to continue to move higher now. Is there any potential that we see that was bearish reversal candle signals out here Let's go take a look at the intraday charts for these four equity future contracts. So here you've got the es many in the airport left I'm going to pull this back just a tad and what we can see out here is You know, do I have a topping pattern? No, not really There was a rosemont indicator signal that triggered but that failed or failed to produce a topping pattern At the 730 session out here So I don't have a topping signal there price testing support the oscillator and changeline Key level of support here during the day at least right now On the 30 minute time frame is going to be 45 32 So if you see a close below 45 32 that's going to signal lower price If you see a close below 15 406 of the nq that's going to signal lower price out there If you see a close below 35 482 inside the dow equity future contract, that's going to signal lower price It's the russell 2000. Let me just update this chart here that has generated or appears to be generating this bar Is not over. We need eight more minutes, but it's a pretty decent chance that this is going to form a rosemont Dementicator top. So what does that mean? That means we should see the russell 2000 pull back to the area of 22 93 To 22 96 the reason I give you that area is because it's a bowler structured 30 minute profile Now if closes if price close below 22 93 that signals lower price So if these short-term levels of support fail Then that opens up that possibility of what could form today We'd want to see what other patterns are going on on the short-term time frame We don't have that signal now, but at least you know what to be looking for and certainly if this is 122 in the afternoon You can make a determination whether or not the e s is trading below 45 32 or not or the nq 15 406 Now there's going to be new profiles that form between now a 22 in the morning And a 122 in the afternoon out there, but still if those levels fail That's providing you with a signal. So let's do this We've got a question that has come in I don't want to get behind on those and that first question coming in is from SNP in the tigers den and His question is about paypal and he's looking for an entry price into paypal So we're going to switch over take a look at my black background charts the black background charts What they're providing us with is daily weekly and monthly profile information as well as other patterns that we can go ahead and draw in there now In the case of paypal, here's what we know We know that right now as far as the support level the only support level SNP that you're dealing with is potentially the bottom of its monthly profile and that's priced at 240 50 You've got a to b equal cd down patterns inside the daily and weekly I only have it drawn in on the weekly right now And you can see that that's a wide-ranging bar coming into the 1.27 to expansion. That's the c to d expansion Markets typically do not end on wide-ranging bars. So even though 240 50 is a support level If you were to take that trade, that is a super aggressive trader And I don't know SNP you may be out there, but that's the only support level that I see But with the wide-ranging bars over the last two days inside the inside of paypal Now is not the time and I don't know whether that level will hold or not But you need some other kind of signal out here So this suggests if price closes below 240 50 on a monthly basis So we won't have that right for until next week, I believe or or is it the week after when the actual trading Calendar ends. I don't know specifically. What's the the 18th? Yeah, it's got to be the following week So, you know, that's a key level that you've got to wait another 10 days or so before you get that information Now let's pull over my paypal charts. So the other white background charts, they provide us weather signals So it's kind of like what's there here is the well, let's get to the daily time frame So on the daily time frame the next level of potential support the daily is also in wave number seven That's letter g would be 235 11 So, you know, let's take a look at that as price approaches that area You can see the a to b equal c d down pattern on a daily basis If you get a bullish reversal candle at that pattern then that would be the first signal of a potential bottom On a weekly time frame chart the weekly time frame chart says Hey, I may take a ride on the reading and that reading gets us down to 193 92 So that is truly open But we'll watch the daily time frame charts to see if there's any kind of By the d-point pattern that forms. I want this thing to leave. I don't know. Oh, there we go And so but on the weekly chart out here s and p you're looking at 193 92 as a price target on the monthly time frame chart If price closes below the bottom of that monthly profile then its target becomes 22309 So everything that we look at here daily, weekly and monthly they just simply suggest lower price And I think you got to keep your hands in your pocket at this moment And wait to see if price gets down to those lower Levels out there. So hope that helps you out s and p. We've got another request inside the tiger's den That's coming from bob a and bob wants to take a look at the gdx out here So as we pull up the charts for the gdx, let me do that here as well off screen And the gdx you've got an a to b equal cd pattern that is in place out here And I believe there was a td9 count top. Uh, in fact, I know there was that td9 count top Took place on october 14th. So here's october 14th and a close above that level Uh bob that level by the way is 32 93 a close above 32 93 When they gate that pattern that'll suggest that the next price target to the upside for the gdx Would be 33 73 The other level to watch today bob is 3305 a close above that That would be a close above the top of the weekly profile. That would signal a change in trend to the upside See roads with tf and n Are you looking for a way to consistently add winning trades to your portfolio? Tom o bryan is here to help Tom o bryan has been successfully trading markets for over 30 years A frequent contributor to td ameritrade network and cnbc Tom o bryan founded tf and n over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive Edge you need to succeed These newsletters are packed full of tom's advanced technical analysis In our gear to deliver comprehensive strategies for a successful portfolio Get tom o bryan's newsletter market insights today And try all of our products and newsletters 30 days risk-free with our money back guarantee at tf and n dot com tf and n educating investors You could be making money off the stock market And if you're already making money off the stock market, you could be making a lot more Check out tf and n and tiger tv and get expert investing advice to give you the power to control your financial future Go to tf and n dot com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tf and n also features trading services with a 30 day money back guarantee for new subscribers As well as tf and n's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tf and n dot com or tf and n's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tf and n educating investors tf and n is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including garthleys abc's butterflies and much more the art of timing the trade charts is designed to Help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days Weeks or even months searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tf and n dot com Welcome back folks So i'd be remiss to not take a look at the goldilocks after just taking a look at the gdx out there And we can see gold is trading up right now. It's trading out at 1801 So here's our four panel set of charts. We've got daily weekly monthly and quarterly timeframes out here So very helpful in understanding our market profiles. I'm using my synthetic contract So that I can properly stitch together these contracts to provide us with these profile levels They provide us with that support and resistance area So in the case of gold what you're really looking for today There's a couple of different things the first thing the most ideal thing Would be for price to close above the high from october 14th that high was 1801 90 The reason is because that generated a sell the d-point pattern When that sell the d-point pattern occurred out here That was because of that bearish and golfing candle three river evening star pattern that formed on the trading day of october 15th Now the odd thing was not odd But at the same time that it confirmed the sell signal it also pulled right back to support In old resistance, which is the top of the profile became support We saw price just a trade sideways the following day closed back above the daily profile back on october the 19th out there And now if price can take out that high that'll set up a new a to b equal cd to the upside So if we take a look at that pattern we'll put that in we don't have confirmation It'll be be dependent upon today's close but right now that's the pattern that looks like is in play out here So the a point i'm going to use is the low from september 29th and the b point is going to be the high From october 14th and the retracement down into the october 18th level That would give us a one to one a to b equal cd with the price projection of 1841 Now what i also want to do is we're going to be four and we'll come back to that Is i want to move over and take a look at the weekly time frame chart So we know that closing above a resistance area that was established by that sell the d-point It's bearish reversal candle a close above that 1801 90 would be a bullish outcome It would additionally be a bullish outcome if we get a close above 1790 60 1790 60 we're now looking at the weekly time frame chart is the center of its bullish structured profile When price closed below a bullish structured profile as it did the week of september 13th And then it did so the following week and it did so the week after and it did so the week after and again Last week out there when price closed below a bottom of weekly profile that gives us a change in trend signal out here now as one possibility and then Countertrend rallies will typically find resistance at the center of that bullish structured profile And we can see how that was tested last week was tested during the week of uh, 9 september 20th as well So a close above 1790 60 would be a bullish outcome when you typically close above the center of a bullish structured profile That will give you the uh the momentum to trade up to the top So now we've got one price projection of price closed above 1801 90 And really that's the level that we want to go ahead and establish at the at the end of the day anyways, right? Because just close above 1790 60 and below 1801 90 kind of leaves us in the uh guessing zone out there. We don't want to be in the guessing zone So let's just change it to 1801 90 if see a close above that that says price is headed to 1838 or 1841 1838 simply because that's the top of that weekly profile if price gets above that the next profile that comes into play Is the monthly profile that's an 1866 and that ties into the 1.272 expansion on that a to b equals cd Pattern that i've got for the daily time frame and that is more likely the outcome if we get a close above 1801 Why is that more likely the outcome? Because this was only a 50 percent retracement on that B to c leg out there And that typically says if you get something less than a 0.618 retracement odds favor That you're going to do more than a one to one a to b equals cd to the upside and this tom will brine has taught each of us When gold makes its a to b equals cd patterns It usually does more than a one to one pattern any way out there But those would be the signals coming from this so back to if in fact gold close above 1801 90 Then with regard to the gdx out there That's just simply going to continue to motor hire if we were try if we're trying to answer the question Which i think would be the next question is if you're listening at 8 34 in the morning Is gold gonna hold out here? So how do we answer that question? Well, the way I like to answer to just simply go let the charts answer that for us So what we're looking for here i'm going to change over to my eight panel charts for gold And as we do it here, we've got monthly this gives us a little bit more information because i've got my Chapman wave counts i've got my td9 counts i've got td9 count breakdown resistance and so forth So we just look at short-term time frames right now. I'm going to just go to the five I'm going to go from lower right back over to the uh, uh lower left out here So we're going to start with the five hour chart What's the five hour chart tells right now prices take i'm going to expand it out for you make it a little bit Easy for you to read price right now is taken by the way this bar here is going to complete at Can I figure that out give me a moment? I think it is 10 I just want to make sure Uh, no it's nine Okay, so uh, that's cool. So this bar is closing it in about 25 minutes and a close above 1796 80 Is a bullish outcome and that would suggest to run up to the 1808 level as we take a look at the five hour time frame chart No topping signal out here. So yeah, it looks like the five hour chart is saying yeah, this rally can hold If I take a look at the four hour time frame chart, it's doing something similar to the five hour It's taken on its td9 count resistance. That's at 1797 now We can see that on the four hour chart this top with a td9 count pattern So the real key level the threshold level that price needs to close above on this chart to signal that Yeah, this is going to hold is going to be a move above a close above 1801 90. Well, that sounds familiar 1801 90 Yeah, that's that swing point on the daily time frame Okay, the 120 minute time frame chart. Here's where this the 120 minute chart says, hey, you know what folks not so fast Why is it not so fast because it's got a td9 count top out here that's going to form during this session This session here this bar does not complete until 10 o'clock So we've got an hour and a half basically But if price can so what you're what you're what you're looking for then at 10 o'clock in the morning Is whatever this high is right now the present high of this bar And i'm not saying this is going to be the high come 10 o'clock But let's just say this was 10 o'clock and the high here is 1801 20 If price were to close above that by the way the next two hour chart would take us from 10 till noon So if at noon prices trained above the high of this bar, whatever that is That is a very bullish signal out there. But the two hour time frame chart says not so fast The 60 minute chart says not so fast as well Why because it is in wave number seven that is letter g So we know that that could be a top as well So we just want to keep an eye on that you have to have a lower high in order to confirm that We don't have that. I don't believe my letter will move over there until this bar closes And that's not for another 24 minutes out here If we look to the 30 minute time frame chart, we do not have any kind of a topping signal Although it too is going to be in wave number seven that is letter g out here So um, the question is will this level hold The longer term charts say yes, but the short term time frame charts the 30 minute the 60 minute And the 240 those are the 12 i'm sorry the 120 those are the charts to be watching Intra day if you're a gold trader to look for additional signals there So have I answered the question is is it going to hold? I haven't because I don't have that answer If we had a clear answer here amongst these charts, well, we would give it to you It looks good, but we've got to see what takes place on the short term time frames first So hope that helps everybody else out with regard to gold the gdx out there and um I do have another question that has come in and this was to take a look at fang fang So let's change screens out here. Let's get back to my black panel screen Where we'll begin taking look at fang We'll get that populated on the screen and the individual is looking for an entry price So what I got to find is my three time frame. Here we go. So we take a look at fang what I can share with you yesterday What well Here's what we know about fang and then we'll go take a look at my uh, my short term for my white background charts Actually, I've got to get to those here. So give me a moment just to do that Um, okay, perfect. So here's what we know about fang straight about the top of the daily Above the top of the weekly and above the top of the monthly profiles So that is all bullish information But what this set of charts doesn't tell us is there's some kind of topping patterns out there Where we would expect a pullback if we expect the pullback folks and you look at these charts Where would that first pullback find support or potentially find support? And you're exactly correct 105 95 old resistance the top of a profile can become support That's already been tested rejected once so on a pullback in fang 105 95 could be an x-ray area Are you having fun trading the markets? But having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharp minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tiger's as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clearwater 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 the price You should be paying per square foot in certain up and coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all Areas of the market before you make one of the biggest decisions of your financial future Call tiger real estate LLC today at 727-329-8322 Or email us at tiger at tfnn.com that's 727-329-8322. Call us today Are china a shares hot or not? If you trade china a shares now may be time to take a closer look Trade chAU or chAD directions daily csi 300 china a share bull and bear ETFs China a shares in either direction visit direction investments.com today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-4767523 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 and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Welcome back folks. If you're listening to the normal time 142 in the afternoon. Thanks so much for doing that We recorded this show between eight and nine and we're taking a look at fang out here We can see that fang had triggered a rogement dominicator signal did that about three or four days ago And that's how it formed its bottom by the way back here on august the 20th It was confirmed with that bullish engulfing candle. So when these signals pop up they need to I need confirmation of them That's the a to b equal cd pattern the rogement dominicator Pattern out here and the way that we get that confirmation we let the market talk to us communicate to us That means you want to understand your bullish and bearish reversal candles You really only need to understand seven of them I mean there is a gazillion that people have created over time, but there's really seven All you need if you can learn the seven bullish ones, which I teach it and just subscribe to mastering probabilities It works up that'll teach you that if you can learn the seven bullish or bearish the exact opposite So all you need to really learn is seven and then you've got 14 candles in this case here Uh, this was the the actual rogement dominicator top was confirmed yesterday Because that was a bear sash candle So the very first price target is going to be 105 95 if price were to close below 105 95 Shoot that opens up a move to 94 73 to 93 13 out there So that's the first target when you'd like to see as price pulls back to a support area 105 95 is one of those You like to see on a short term timeframe some type of pattern Set up some type of bottoming pattern. Unfortunately As we speak right now, I don't really have that all that I can see When I take a look at a 30 minute timeframe chart for fang is a sideways consolidation Is that good enough for a bottoming pattern? It could be just depends on your aggression I don't know where fang is trading right now in the pre-market. I guess we can take a real quick peek out here Don't know if this I don't know what's inside this instrument And whether this is uh, but let's go take a quick peek here. Let me get to this chart here Put in fang and fang right now is trading at 109 So it's trading higher 109 95 out there So that's not being impacted by the by some of the sell-off that we've seen inside the nq So, uh, yeah, I I think you just got to be patient because the topping signal that came in yesterday So I hope that helps you out another question coming in This is from brent and martinis california brent wants to take a look at ibm And and brent has posed an interesting questionnaire. He's looking for uh, let's just read the question What appreciate analysis by bm looks like it confirmed an a to b equal cd pattern on the weekly Looking for levels to the downside for support or potential buy areas a fantastic weekend Hey, you do the same as well brent and thanks so much So brent, I want to teach you something and everybody else as well So if I was drawing the a to b equal cd pattern at this stage here So I've moved back a couple of weeks that the a to b equal cd pattern I believe that brent is talking about would look like this And it's very clear So the a point out here is the high from june the 7th on a weekly basis The b point out here is going to be the low from july 19th And at this stage here, let's see the higher high. I think was 144 92 144 yeah, it's going to be the same candle. So that would be the c point So i'm now going to pull the chart back over and brent would be correct If that were the actual a to b equal cd pattern that were in place right now But it's not and the reason that it's not is because there was a higher high brent That formed out here on the trading session of october the fourth out there So even though we would have perhaps drawn our a to b equal cd pattern in there earlier once Price reveals additional information to us. We have to draw in the new pattern So the actual a to b equal cd Let's draw this in here. Give me a moment The actual a to b equal cd that's in place right now looks like this the same a point And that is going to be the high from june the 7th or the week that began june 7th The b point now is going to be the low from september 20th and the c point is going to be that high That was the higher high from october 4th Now what we can see here is this new a to b equal cd on a weekly basis Gives us the 125 94 level, but that is being approached with a wide-ranging bar. We discussed that earlier Marcus don't end on a wide-ranging bar. Additionally the way that price has propelled itself in ibm off of that c point With that wide-ranging bar says way more than a one to one a to b equal cd So those levels become the 1.272 is 120 113 105 now let's close this chart back up and see where weekly or monthly profiles are Well, there's a monthly bullet structure profile in the 120 91 level 120 91 gets us into the 1.272 area So I think that is the next level to observe and watch Of course, if that were to occur what we'd want to see with regard to ibm is some kind of bottoming pattern on its daily time frame chart And We we don't have that now. We're just simply going to have to come back to it As far as other areas or other signals or other levels of support out here What I have to do is add some additional td9 count Lines out here. Let me do that. Let me pull this up on the screen Let me just change this here to uh, maybe just put in a five See where the next levels are that pop up for potential support So those levels get take us to 127 49. Well, basically we're at we're at that level as of yesterday 1876 so those are areas Brent to to watch out there and and thanks for writing in And hopefully just that little nuance with regard to the a to b equal cd pattern I helped you out and with regard to the a to b equal cd patterns The the market's reason the market's responsibilities provide us with new information all the time And when it does that then we have to come back and change our outlook So in other words, we don't get married to any one pattern if the market reveals new information We use that information to redraw that the other question that we've got that's in the tiger's den Is to take a look at cliff's natural resource no cleveland cliffs out here and that is clf is the ticker symbol And uh, what was the question? Uh Uh I don't know what it was Cliff if you have time, okay, so we're taking a look at what is cleveland cliffs doing Well, it's really consolidated with inside each of its profiles daily So consolidated between the price levels of 2041 to 22 23 weekly brand new weekly profile That's between 1950 and 2399 Uh, the monthly new monthly profile between 1689 and 2513 So with regard to clf boy just consolidation from a profile standpoint What's it doing on the daily time frame out here? So let's go take a look at it The daily time frame for cliff shows what it shows a nice rogement indicator bottom And I don't see any kind of a top this suggests that price should go target 24 24 not necessarily today It's next battle. We already took a look at though. Those were the profile levels So price can overcome 22 23 the next upside target would be 24 24 The monthly chart, what do we see here? The monthly chart tells us what? Not much nothing additional to add here So I think the daily ought to be the one that takes over that will influence the uh weekly The monthly time frame shows you that price pulled back after forming wave number seven That's letter g and it pulled back to test support. That's a green oscillator and change line So as long as s and p as long as price remains above 1916 out here Then it is bullish I come back to the daily if you were looking for some type of bottoming signal out here The only bottoming signal would be prices pulled back to test Support which is either the bottom of the profile or the oscillator and change line So it's in that support level So if you were looking to take a entry into clf, I don't know that that's what you're looking for You'd really have to go down to the short term time frames and find something out here I don't see anything that is present on my screen as we speak right now So I hope that helps you out with regard to clf and thanks so much for writing in Dan from boston out here wants to take a look at At natural gas. So for natural gas, let's do this here. We can we can look at both set. Oh, we can't We're gonna we're gonna take a look at natural gas when we get back from this break out here But Dan what I'll put up on my screen here during the break so that you can take a look at it Is the natural gas contract Here we go or contracts as we see them and here you're going to see right now There's a descending trend line that price is running into sea roads with tf and n will be right now The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tf and n we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter They must have tool for every trader out there striving to find an edge in today's markets tf and n newsletters cover every aspect of the markets So you can analyze the market before you trade Try any of our great newsletters risk-free with our 30-day money back guarantee Just visit the newsletters tab on the front page of tf and n dot com tf and n educating investors Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tigers and trading rooms Only at tf and n dot com The tigers den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tigers den are also the first to have their questions answered live on air And can privately chat with our tf and n hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tigers den risk-free with our 30-day money back guarantee and become part of the tf and n trading community tf and n educating investors Are you looking for a secured investment? Which pays you on a monthly basis the tiger first mortgage program may be the program for you The best rate on a five-year cd in the country right now according to bank rate dot com Is paying 1 per year or $1,000 per 100,000 invested the tiger first mortgage program pays 7 per year Paid monthly on secured high value buildable properties in st. Petersburg, florida The investment is for four years paying 7 per year or $7,000 per 100,000 invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured tiger first mortgage? The tiger first mortgage program may be just the program for you The tiger first mortgage program pays 7 per year paid monthly for more information. You can call 877-518-9190 That's 877-518-9190 Don't forget you can listen to tf and n live on your mobile device 24 hours per day Go to tf and n dot com and hit watch tiger tv. That's tf and n dot com and hit watch tiger tv Welcome back folks. So we're taking a look at natural gas. We're looking at the november Contract, although we're going to be switching over to december, so we're going to look at both of them So first let's take a look at the november contract the november contract formed a rogement and indicator top Now you don't see that here. So you just have to trust me And it completed that pattern when on october the 6th when it formed that bare sash candle Now when you form a top out here that says okay price should go back to support now in the case of the uh, November contract the support levels because price was trading about the top of the profile or the top of the profile Or the center or bottom well price actually pulled all the way back to the bottom of its below structured profile It did that and it held and it did it on october 19 So in other words, it's worked to the downside was done supported held Now what has transpired here is a new profile is forming and that new profile For this contract is above the prior profile and that would be a bullish message But there's three more days till expiration on this contract. So we're really going to have to move over into the december contract Well in the december contract it too provided it too generated a new profile And yeah, what I want you to notice is that the center or the bottom of this profile Is above the uh, it's above the prior bottom the top is above the prior high So that's bullish in nature. So we know that price pulled back tested support and if price can close above the center Which is 548 that's where it's trading right now at about 550 What this would signal to you and I is price should make its way to the 590 area out there So that's what these charts here shows for natural gas What we can also do is we can go take a look at my eight panel charts here real quickly Just to close out the show see if there's any other signals with regard to natural gas for example On the 30 minute time frame chart, there's an a to b equal cd to the upside But no bullish reversal candle or bearish reversal candle I should say so price should continue to move higher no topping pattern not on the 60 minute not on the 120 minute Not on the 240 not on the 300 minute other and price just testing the top of its profile 530 So close above that presumably would be a bullish outcome So in this case here, it looks like natural gas wants to trade higher folks Thanks so much for joining me those of you that joined us live between eight and nine Very much appreciated. I want everybody to have a fantastic weekend out there And I'll look forward to seeing you again on Monday at 20 o'clock sharp. Take care folks