 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Hi everyone, Basel Trap and Larry will be back on Monday I believe he's improved a lot that's fabulous news and not only that, but he'll be doing the show at 1 o'clock Eastern time and Steve Rhodes does the 1 o'clock show is switching to the 11 o'clock show This hour right now will be Steve Rhodes on Monday, so tune in It's just a it's just a time change, but maybe we'll be back and we're missing him So I got a ton of questions, and I'm gonna do them right now Crude oil, crude oil is sitting right on the 200-period moving average You didn't even have to care about that 200-period moving average ever What you did back in back in was that December? Yeah, December of 20 January 29 2021 it hit the 200-period moving average briefly made an arch formation Successful dreaded H in the Chathamway methodology and then screamed to the upside and that was it And it hasn't even been close until now it got close back And this is what happens with the 200-period moving average There's one close attempt and then it pulls away either up or down and then it goes right to it And that's what you got to monitor say use your dreaded H pattern in the Chathamway methodology I'll be doing that for my webinar on Wednesday and all-day webinar all these patterns We were looking at there's just three basic patterns Look the the straight line the cup or the sorry the arch or the cup formation This this move the price you see all these notations are in a different place because it's a continuous contract of crude oil So the the pattern the waveform nothing changes except the price and my notations because it's all done by hand So it automatically doesn't automatically go a quarter of an inch above the point the high or the low So I have to redo that all but in the meantime 200-period moving average really important What is that saying that takes me to the question that I'm skipping I had about 20 questions coming up I'm going to go through them all right now SEO is the inversion of the the long position of crude This is the short position and it rallies so when crude is coming down So this is the pattern that we're talking about the So let me just do this right now In the short way we have basically three patterns and for subscribe to people who are attending my webinar You're not only get my newsletter and we've had some really really good good positions Good profits 20 30 40 percent one or two two three four five percent losses But we've had good gains a straight line up or down cup formation arch formation a mix of one And three in this case the dreaded H takes out the left side low can go a lot deeper Or the very positive inverted y or reverse y if it takes out the left side high it's going to go much higher Well, look at the pattern that we're looking at here We've got a straight line peak D the chop wave you always want to get to the peak D and then other things can happen There it is peak D other things are happening and it pulls back sharply from the 28s down to the 21s And now it's trading it hit today 27, but it's trading right now 25 So that's the same to me that In the cup formation the nine is above the 14 The magnate's turned positive. It's not great, but it's turned positive. It's the casting still lagging on balance volumes Pull back a little bit the blue line So far this is a positive chart for the for the inverse the mirror image of crude oil but Crude oil went all the way to its left side low. This hasn't gone to its left side high So that's why you've got to be very careful with these inverted. This is a the pro shares ultra This is what two times short. So you've just got to be really really careful because the Any Failure of it to move in the direction that you want Can see a very sharp pullback because it's such a leverage instrument. So the answer to the question is in the Person who has the sco. Yes, it's acting well But on the weekly basis you want to see leg c start above 28 point 28.69 in the continuous contract So that's a long way to go And that means a crude oil holding the 200 period moving average as we speak actually running offered hit it yesterday Today went under it at 87.01 and now it's trading at 80 at 90.56 I suspect that the best we're looking at here is an arch formation So the dreaded h the lowercase h Which took out the left side low as two bars in which to close above it today So far it's above it And then you can bounce and you bounce to either a candle of importance or a moving average and that says 93 50 to 94 30s that's going to be important to close above that says oh, we can go even higher If it fails there and starts to come back the second visit to the 200 period moving average It'll be the third time that it's gone in the direction, but only the second time that is actually Touched it off to remove off the low. That means it's going to probably take out 87 Which is key support and then that sco should move higher. Let's go on with all the ones that's here I did that I did agi did I do agi? Ups, why did I do that? What happens there? Why does that even pop up? All right agi agi is in fact Oh, right, I forgot to tighten this in is so far away. I can't see Ella Ella meris almost almost gold almost gold trading at 7.68 had a really nice move to a peak g slash c yesterday It's right on the 200 period moving average. I mean how important is that it's hit it? Six seven times in the last seven sessions. Don't tell me that's not important Um, it just tells me that it's in a trading band Shorter temperature between 780 and 752 If it can take out and I think this pullback in gold It's just kind of temporary. I think gold is starting to strengthen via the gdx That's we'll do that in a moment again. In fact, I'll do it now because we're talking about gold So gdx is the question. We are actually along the gdx for the first time in I can't even tell you how long it's been Since we went along the gdx And it's more just as kind of a position that says if gold is going to move It doesn't move unless those gold miners the market vectors gold miners etf moves This to me is so far an h pattern the dreaded h pattern But more importantly is being favored by the cup formation Any close below 25 next this coming week would say now you do dreaming This has got a long way to go to build up strength to really succeed in getting to the 28th So that almost looks like a agi is what I was looking at as agi Keep your eye on the left side chart Oh, no, this is making higher highs and higher lows. This is a good sign. This chart is much better. So agi I do like um Now if you are not in it at all, what would I do right now because it's starting to show in in in a strength If it can break away from the 200 p moving average one more time to get to 788 or higher That's going to be fabulous action. I don't want to see it going to 752 because it makes a 766 line Where it is right now at the 200 p moving edge very strong resistance I would nibble on a position if you aren't in it already you can nibble on it And I would only add to it if I can get to 781 That's the way I would I would play this. So that's agi this question was ipi ipi Oh, is that the music? peak a peak b and then it stores ipi is in shepherd potash, you know Oh, I have to take a little time the weekly chart says this is in trouble. I'll be back downs down to 62 I'm a booming inflation. We are purchasing powers eroded There's no better place to protect your hard-earned money than in gold This the gold's flagship asset is the monttard gold project in the northern territory of australia This is australia's largest undeveloped gold project We're talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the monttard feasibility study Which resulted in a seven million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes monttard as an attractive dearest pot ready development stage gold project This the gold trades on the new york stock exchange under the symbol vgz You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon Sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 And with that Mozart music overture it's finishing up Let's go to our charts. We're looking at intrepid potash ipi training on 92 cents and 43 12 It looks to me with that peak d-top in the weekly chart and the peak d-top in the monthly there in cell modes Decisive cell modes This is going to have a tough time It's had a very nice steady move up from the low that was made just recently back in mid july In the 35s and here it is bounces to 45 while that's 10 points That's the fabulous gain and now it's struggling a little bit I I would suspect that the area of 46 80 to 47 20 just in that area And 40 point 50 to 39 point 30 is going to be key So I think it's in a trapped in a trading band and until on a weekly basis. It actually closes in the 47s It just one week close in the 47s, but it has to get there It's just kind of stuck for now But it must hold that 39 area close under 39 says, uh-oh retest the lows next question was square I'd have to call it square, but the name now is block ink formerly square point of cell Software mining receipts Intrepid partage was part of course made a leg each a day had a high of 93 19 It had a low of 56 56 to 93 dawn dawn good And that's the reason why I think arc must have must be an arc as well Kathy wood her innovation fund But now it's having a little bit of a digestive moment This is an inverted chapwave roman candle if at any point in the next three days It trades above 90 point 35 for more than 90 minutes Expected to retest the 93 19 high But if it starts to pull back and it goes under 85 and closes under 85 on any day I think it's got a little bit of a time out and I think the general market right now I'm hoping that we have a time out that we expected after those peak D's and E's and It will be very important But in the big big context square from 289 down to 82 Sorry 52 What was that 56 down to 56 what a what a decline was 80 something 70 something percent Not good It needs a lot more to start a Bicycle that goes to a buy mode in the monthly chart although it's starting to improve So this is a good sign and it's one of the good signs. I'm looking at when I talk about Rotational corrections looking at orly orly is trading It made I didn't know what to call this is there's no other way I can call that as according at a peak B for now with that high that was made three days ago orly orly automotive leg a Yes leg a that's not the the low bar cannot be the high bars that cannot be a You have to wait for that week of the 20th of May You have to wait wait for a higher low and then you can start your wave count And then that didn't make a new a it didn't didn't didn't fail failed And I had to wait all the way to this not even this week This is still a leg a to the upside hasn't made a peak a yet. Isn't that amazing? So this is a fabulous action I believe that because people are keeping their cars longer Any pullback in a righty automotive should be at least give it some support for another rally towards higher highs I can only call this a be G there's no h ever and then there's no other way I can count I went over this a number of times the other day So the the high that was made on today's Friday on Wednesday of 712.63. Let me change that 712.63 63 we have also I don't know whether you whether you own it or we're just looking at it um Oh, you were mentioning how how the pullbacks after the earnings can revert to strong moves. Look at this Advanced micro devices also did that and that's the reason why I say this is right now is a period where you've got The residual stocks that were acting Really well that have come out with earnings where people know that they still good Managed to come back and you've got your stocks that even though the good companies have been reporting bad earnings When it comes out and it's good. There's this big question to say. Yeah. Yeah, but can they keep it up? So that's why there's a rotation going on right now I expect that we've got a we've got some kind of a The reason why we took profits this morning in some of our positions Is because I think that we're in a consolidation now in the near term going into next week And it's just as simple as that. So I do expect that from the way it looks right now That all the orl y six ninety eight point thirty four down eight fifty eight right now I think it's going to go above seven twelve sixty three not much higher Doesn't have to go much higher for leg c So I like that if we can close above seven twenty one by wednesday or thursday or next week That's fantastic action therefore breaks at six six ninety eight right now if it breaks a six ninety two support In the next this could be just one single automation a rogue wave to the upside But I I think that all is still in play next question came in j.p. Morgan j.p. Morgan Um, yeah, this is a good candle for the day But the week monthly a month monthly weekly charts are just saying hey XL f as well. That's the financials holding. Okay. In fact a new leg up I think this is so individual that you've got to look at it as if to say What are the stocks that are working in the sector you can't even we've chosen sectors because I think the majority of the Stocks we are in we are looking at in that set in that sector are strong in this particular instance in the XL f Majority is strong, but don't get the wrong ones and I think j.p. Morgan is one of the wrong ones right now So XL f acting very nicely. We have bank of america It's oh look at that move. I didn't even see that nice move today. We're in a 30 We're in a 30 something We've had this every year for years and years and then we get out at a certain point Let me just tell you this I should know exactly we're in a 30 to 61 and it's trading at 33 83 not a big deal But let me tell you it's been a tough one But every year we get in and we try to get in near the bottom We miss the bottom this time because I was looking at other things But we get in near the bottom and try to ride it up and then we take profits and then it comes All the way down. I don't know what happens with this stock and the weekly charts not great the monthly charts not good At this point I'm I'm saying look we own you bank of america Now perform because the technicals on the daily chart are way superior to the technicals on the weekly chart Next question is so j.p. Morgan the answer is it better hold um 100 it's 115 right now Anytime in the next two weeks if it takes out 111 on a closing basis That's a really poor action if it manages to get above 117 today's eyes. I'm in 16 19 Then the 50 period exponential moving average, which it hasn't even touched for ages Which is that 117 or six gets tagged and then we'll see if it's able to move above that Our next question was the gdx did not do the gdx this idea gdx needs work to do But it's a nice start to some kind of a balance, but the technicals are much more improved than the price I don't like that. I like to see that the price moving together in tandem with the technicals Um, let me go through that. I did all that side d d do g d dog D dog is trading right now at I used to have these all notated. There's a whole whole series of these Tech stocks that was sent to me months ago by someone who is in the field works for one of the companies And look at this peak a b c d e f they made a peak f and now it's digesting gains That's the monthly chart. I'll be back in a moment basal Chapman doing the 11 o'clock to 12 hour For the Larry Larry's hour. I'm doing and don't forget my webinar coming up Wednesday On all these different techniques and there's a chance we might do some trading as well. I'll talk about that soon If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets news subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning. I published a gold report with coverage of gold silver bonds the xa u hui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report Sign up now by visiting tfnn.com. Don't miss out on the next great gold trade sign up today tfnn 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 gartleys 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 tfnn.com 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 This segment is brought to you by think or swim For more information just click the think or swim banner on the front page of tfnn.com I'm going to show you this from the tkf talk in the one minute chart Back at about 10 15 at about 41 or was it 41 66 25? There's a beautiful art formation and it says that around about i've got i can't i I don't want to do that right now so that is 10. It's a one-minute bar so i can give it another 20 minutes About another 20 minutes or so so by by before 12. There could be a test of the left side low and that's the left side low of Uh, 4107 uh, sorry not 4107 4105 125 Uh, that gives you another 20 minutes. This right here is where there needs to be a balance to see what happens All right going back to our stocks and don't forget these are all the techniques that i'll be showing you Look at look at the technique. Let me just go back here for a moment that showed you that if you were short when uh, the nine period crossed over the 14 From if you are long at four 41 10 You're going to be long all the way to when across over back again to negative at 41 40 And it just briefed two bars when green announced pink and still pink And yeah, we are 41 17. There's just these little these Technical tools that are so very easy to implement Can give you so much Information so he has a rectangle formation in d dog It does information technology is training at 110 52 up three cents So it's gone to a peak d. You remember look yes, you peak a peak b underneath it It had a great peak a and b because it was under the previous high You've got to count each peak from the starting point and then once it breaks above that previous peak b there That just picks up c. So this is an overlapping wave peak c goes to peak c on this move And that move so it's an overlapping wave goes to a c And that overlapping wave invariably says you should go to a d and then come pull back a little bit That's exactly what it's done But it's in a rectangle formation a rectangle formation can last a lot longer than your patients and it's got 120 as resistance in the 200 period moving average which it was lost there April april wind was up in the 140 area So it's just stuck for now It's going to take a little time key support is it must hold a hundred 105 sorry 103 to 102 support Um, that's going to be important if it takes that out It's in trouble because it's just going to go sideways longer If at any point by wednesday of next week when i'm doing my webinar Maybe i'll choose to follow this one if it's at 121 or higher. That's good. That's good action Um, Palantir comes after learning someone said Palantir we follow this for years This is now in a new ab leg c to the upside. This is filling in the gap I love when they fill the gap and they keep moving higher So this is Palantir's soft free platform not a great looking chart at all on the monthly or the weekly But the daily says filled in the red that first rectangle. So trading at 11.28 Um right now D f-c I'm just going to give the alternate count I just haven't got time to just check it out as much as thoroughly as I should f-c And most importantly is that the nine is above the 14 the mac these goods the casings stronger 91 On balance volumes improving relative strength is good This is acting much better and it says that if at any point next week it can close above Uh 12 point 18 It's at 11 28 right now had a height of over 11 62 Then you're looking at tackling 13.26. It's going to take a while but 13.26 is the 200 period moving average It's asking a lot from it. So in the meantime major support is right there at 10.56 It must hold 10.56 It's in a buy mode right now. Uh, it needs to continue doing that I bb was that a question for me? So I bb is the nasdaq There we go And remember folks every single notation that you see here is hand drawn by me and you can see it doesn't take much time at all Um, so this is an a even though the low bar is uh, hasn't made a trough Because it had the starting point. I bb was on the Dreaded h formation that was successful at 104.29 Look at the magninous account. Look at everything with turn positive. Look at the nine period moving average is still green So what was the question? Would you call your propeller shaft pattern? Oh No, if it if it even looks like a cup formation I can't call it that the propeller shaft formation would be um Yeah, I remember that I bb had that at some right You No, it must be a cluster formation going sideways or even a rectangle going sideways No, all I can say is it's a cup formation right now. I bb trading down one and 129 12 Really important that look, where did it stop? Well, is it important to monitor the 200 period moving average not when you're down at the main lows of 106 105 Oh, but when you're at 129.07 twice hitting the 200 period moving average that you haven't even Looked at since you were I don't want to go back But oh since you were it couldn't even make it above the in there touched it exactly before plummeting Round about the same november december of last year That was the last time it touched it and it couldn't make it as c1 c2. That's a peak c12 Yeah, so I bb is doing very nicely again I think it's in the category that says in the rotation that's going on right now the Certainly the little micro biotechs and some of them are doing unbelievably well But overall there are enough biotechs in the nasdaq biotech etf to say the weight of evidence is to say That there's still strength. Howard deals with the 200 period moving average It's making a peak c a very small c very tiny dip today if it gets to a leg d I think it's going to be stuck in what I'll do is I'll draw this in and we'll check it out next week sometime I'm drawing in a rectangle formation There was a left side right side price time match that didn't work And now that has to be changed. I would now use this as the plumb line right here And I'd go from left side to right side and I'd say that would be my new way of looking at it Going from there to There And now I'm going to click and I'll say click New paradigm you could use just a single line. You don't need a rectangle Right there. I can't even go to the right because I need more bars. It says it's sometime in Late august Yeah, sometime in sometime in august maybe early september There should be a test of the 135 57 high that was made at peak d in the chapter wave back in april And before plummeted to 104. So yes, it's acting well I drew in this rectangle formation. It's pretty much been in the did not did I just do that? Well, that's what we'll be looking at next question was Hyg now I think it's j and k that I've I've redone. Yeah j and k I had them all done, but I lost some of the data. Oh, I haven't done it So j and k did the chapter wave Arch formation right there the dreaded age successful and it held So this is a this is the spider bark is high yield bond. It looks just like the other one except I Didn't have that notated. So that's an a that's a Underneath it. It makes another a and a b fails underneath it makes an a because it hasn't taken out the left side Love so all of these accountable b Then it goes to a c goes to a d and it's in an e right now Saying oh, I could have a little bit of a rest. So the junk bond down 77 at 95 point 96 I'm stalled underneath the previous high. It seems to me this could be chapped in the range between 98 30 and 90 it's at 95 96 and 94 30 if it breaks under 94 At any point it's going even low But right now it's starting to ready to higher highs and higher lows All the technicals are improving and it says there's a chance that it can go to the 97s But it needs to do that fairly quickly. So that's the junk bond the b j and k Which it looks very much like the h h y g Here comes the here comes the break Oh three gap play I was asked about a three cap Play early early in the week and I just never got you and the only reason is I don't really know what to say I'll talk about it when we do this coming wednesday august 10th Basil Chapman will be hosting an all-day live webinar from 9 a.m. Till 2 p.m. Eastern time Well, he'll be presenting the technical tools based on the Chapman wave methodology a full in-depth course on his entire trading system Over the five hours of live education Basil will discuss studying and practicing entry and exit points Assessing where to add or subtract from positions utilizing simple technical tools for holding positions longer Taking bear charts and adding notations tools and patterns as well as identifying free core formations that repeat in every time frame and much more When you sign up you get a chart booklet emailed to you immediately to start studying And you gain access to his daily newsletter the opening call a 149 dollar value The cost to attend is only 295 dollars and the full five hours will be archived Don't miss this live special event wednesday august 10th with basil Chapman for all the details and to get started today Visit the front page of tfnn.com right now The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors 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 866-476-7523 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 This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz I thank you very much dan in the den for pointing out that i had actually made a mistake that ally that was not a pd It should have been a little later and that makes sense because now we've got a g slash b That's what i was thought it would that's the way i was thinking But it just didn't make sense and or thought of uh ftnt Which is uh 14 net ink down $1 28 at 51 34 down 2% made a peak t What are we looking for in the chap wave peak d's and then you can get your greatest pullback? Yeah, you've done it an arch formation and look at this beautiful left side right side price time match If i was to have drawn this in i didn't of course because i didn't even look at it I was going to look at i sort of going by the ticker last night, but i never never did that So here we go This is uh left side right side price time out This is the way we're going to be doing the analysis when i do my my course on wednesday And i i'm really thinking that i would i'm going to treat as a trading one as well because i do it in any case But i need to know that you're learning the techniques and that's i have to think it through a little bit longer But i'm almost sure that i'm going to have trades on and i will make them an official trades I am going to do that Uh, but uh, I don't know if i can advertise it just yet. I'm just saying that i'm probably going to do it So this is a fortinet just broke out left side right side price time match one bar two Sooner than it should have took out the 52 support and here it is at 51 26 Then we finish up with those so the three gap play Um, uh, the person will ask me why don't you ask tom o'brien tom talks about that whenever he sees it occurring As a beautiful Thesis on it and and something that he practices as well. I just I've just found for my own technique I I don't find that it does what it's supposed to do that I always hear Enough for me to treat it as something that I I always look at barba. Yes another one question about barba I'd just be careful of these chinese stocks. I didn't I didn't see a reason for going long chinese stocks at this point Um, there's just too much going on too much configuration, etc Next question was adobe adbe How are we doing for time? Are we doing okay adobe leg after the upside now this one monthly child looks terrible one of the great stocks of 2021 goes to 699.44 Thumbs this nose at me doesn't go around number 700 And then plums to 338 round. Oh, there's the round number You remember I said I knew there was one very important stock that made a round number low That was 338 round number low back in june for adobe straightening right now at 426 That's a nice percentage gain. That's a 20 80 percent gain And now look at this the weekly child starting to improve but improve is not good enough It has to be stupendous because look at this a b Legs see all it's doing is filling in this rectangle with a with a cup formation right here And that says that doji high that was made back in may ish Um What is that that was made the oh june the third week of the third of june at 441.90 um How it takes this out In the next four to six weeks is going to be how it takes it out Turns the 380 area into support and then tackles the next objective Which would be the high of april the eighth the week of the eighth at 473s That's going to be a big deal because that starts to form the pattern that I love Which is this lovely bowl cup-ish bowl formation Slowly working its way higher just giving no room to the shorts giving no room to the balls even because unless you're in it You keep missing it because every time it pulls back it probably takes you out So this is going to be really important in the weekly chart for adobe And this is a fantastic company So that was a pretty serious move 699 to 338 round number low. Whoa, whoa, whoa So you can see that 441.90. I've drawn the cup in I've got the pattern right here In fact, it was a stock I wanted to do for subscribers. I wanted to buy but I didn't want to spend 300 and something dollars When we can get the same percentage gains on lower price stocks even in the same category So all I can say what was it the ceo was on with kramer? I believe At 426 on the 9th of june the 9th of june Yeah, right here Yeah, right here The guy goes on with kramer at four just arrived the 440 area And the thing drops 100 points to 338 So I always believe very strongly that a lot of the time the CEOs Have no clue about the price of their stock. They know about the company But when it comes to their stock unless they really see a deal That says oh, I got to start buying here because our books are improving The stock's way down and on a fundamental level at this price I think I'm getting a deal or a technical level maybe But most of the time I people I've spoken to were really really important to own businesses Just so many times Um, they were saying what was different to what I was looking at in the technical chart pattern. So In this particular instance, uh, this is I like the stock I like the just what the company's done over the years But now it says it's got a lot of work if you aren't in it now now is a riskier time I would much prefer to drop to the 410 407 level. Let's see. We've got ccj ccj This is kamiko right kamiko kamiko Give me a break did I've written this I don't know how many times I've notated this Kamiko core Give me a clue. They're in kamiko kamiko It's not uranium not well. What is kamiko? Oh, I don't have to look it off. Look it up. There we go. Uh, kamiko Where did I even put that? There it is kamiko kamiko Core Does what Uh, one of the most provides of uranium. Oh, okay uranium uranium to generate a clean reliable base Electricity around the globe. Okay. So this is in play. You see the way it held chapter we falling exformation. This is the chapter we've inside track Uh propellant zone right there It hit it exactly Right there it hit it That's the falling exformation but the inverted one Which makes lower higher lows and much higher highs and then comes back to test in the arch formation It's actually an inverted a Uh formation and then it doesn't successfully This is in play at 25 27 How you how you actually get in is really tough because uranium sucks. Look at this. I mean even look at this It goes from 18 to 32 back to 20 and then up to 28 I mean, it's really choppy. So all I can say is I refer to be looking at a call option Going out to august September September or even october and I'd get it in the money You either risk everything by getting it out of the money at 27 Or a 26 50 if there's such a thing or you go in the money and I prefer to go in the money On the next pullback towards 24. It's a 25 26. I would get it in the money 24 50 And it would be way out and I think that that that gives you time. Well, the question was uh, what about it? And that's all I can fcx is the same fcx is copper fcx is a little different This is an international ingredient and I think copper is still under pressure So I'm I'm kind of holding off on the whole copper play. Yes. It made a peak c but tell the truth I don't particularly like the chart pattern a nike nke You can see I can do I can do a lightning round anytime you want But because all of these charts I've noted by hand Made a double top peak c1 c2. Oh, was that the question? I think that was a question Yeah, you're really getting good at this chapter. We've met the dodgy Uh Or was that the question I saw a question something that said was that c1 c2? I'll have to go back And have a look. Oh, there it is Vista gold owns and operates the largest undeveloped gold project in australia the mount Todd gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing an accretive transaction Vista gold trades on the nyse american and tsx under the ticker symbol v gc Vista gold executing a strategy to create shareholder value You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. After all, it's impossible to predict the future, right? 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Just visit the front page of tfnn.com Hi folks, so just let me do this for my webinar coming up on wednesday One of the things I look for I look for the patterns I look for the chaplain methodology of trying to find identify the lowest low bar count It's excessively higher peak We want to get to the fourth highest peak and then you have to do a different kind of analysis peak d's where other things can happen I've never I haven't seen this before Envx was a question asked in the den And what did you do it right to leg d? What was the objective to get you to d and it got you to d in the chaplain methodology What was the other thing that we always look for did it hit a 200 period moving average can it stall the yep It stopped right at the 200 period moving average What are the patterns that we are looking for we're looking for Rectangle patterns that maybe make a cup and then a second cup and they can break out rectangle formation can last a lot longer than your patients Remember, that's the rule of thumb. What are we looking for? How do you enter? Where do you take money off? Where would you where would you add to it the position because it's going so well That's where you use time frame. Why did we take money off today in our some of our very? You know more aggressive positions three times long positions Why because they went to peak d's and you can see they started to pull back I expect a few days of consolidation has the way it is so all of this is discussed. How do I get in? What do I do? What how the left side the time sequence I love to teach there the sequence of the the mirror image on the left side to the Right side That's the number of bars to the number Up or that should match the number of bars down very often in a cup formation or a v-shape formation And and inverted in the arch the same thing Just these are the core things we go over and over and over and over so it becomes second nature to you And then I'll tell you if you're able to do it in your software almost everybody is you just add these different moving averages Or the MACD is stochastic Stochastic at 94 percent in envx in Innova corporation 94 is great. That's what you want to see and holding on valence one It's just about to get a little overboard. MACD is good 9 over the 14 is good. Hey, these are all things that we'll be learning So go to front page or see if an end check it out Stay tuned great program coming up for the rest of the day and Check out my opening call Danny newsletter. See you Monday. Have a great weekend