 of Traders. Sign up today and become a part of this educational community of Traders, just visit the front page of TFNN.com. 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. Okay looking good Billy Ray feeling good Louis we're gonna take a quick look at the stock market from yesterday I posted this is I haven't been trading the S&P since it opened on April the 6th of April 16th 1982 there was actually three people in the pit and Leo Malamud came over to Byron and he said look we get some your buddies to get over here we're gonna have to take a picture and so I was being Byron's friend I got over we got a picture taken of the people trading in the pit we were doing for trend trades because it was trading at 103 folks the S&P that's trading now at 2700 I said what did it know it's a whoa it's almost 4,000 3900 and it was trading for a hundred that was 40 41 years ago believe it or not Byron's been my best friend since those 41 years and he's been a true friend we we're almost like brothers I want you to take a look at something on the chart that I posted here in the den folks today this is the chart on the left side is the E-mini S&P on the right side is the Dow Jones industrial average the time that those lows were made and highs were made were the same but you'll notice here on the left side that the S&P 500 did not I repeat did not back off anywhere you can see we had one really good 200 point drop in the Dow Jones stopping to the tick at the exact 382 and then continuing higher wow that's that's really an incredible run and and it truly is very very bullish what I usually do when I see something like that I consider that an outlier event in other words something that you don't see very often it happens but you don't see it very often now the thing that I went back and looked at was how many times have we seen that before and I'm going to post it in the S&P just to give you an idea of what we were what happened just a second here Billy Ray there we go I think we're going to be all right now hold on one second here Mike more of more analytics will be our guest today we've got crude oil jumping around quite a bit so it's going to be interesting here now this is the same thing that's the same pattern that we're looking at only a different time frame so we've made some type of a move here with markets backed off a little bit you know not really very much to make much difference but that's what's actually happened but boys and girls we've been in doing this for a long time and now the time is when the pedal meets the metal and the payday has to be very very soon for one of our good friends and we're going to put it up here and I'm going to walk through this for you because this is what we try to do here at TFNN give you some trading ideas and if you'll notice here this is the chart of the weekly chart of the natural gas making new lows we went substantially below $2 remember it was $10 so it was off 90% its value in a matter of almost exactly two years it topped in April excuse me in August of 2022 so here we are a year later and this is what we're looking at but if we remember this is the chart that we posted in here for a very very long time because we had a really great buy signal in that at 287 and we were out of it at 277 we were in it about three hours and it continued down from 287 all the way down to 194 I think was the low scene on the natural gas last night and I think it expired either today or yesterday but what we're watching now and I bring this to your attention because I'd like to get as many viewers as we can to listen in because when we have a trade like this this is the kind that you really really enjoy if you remember about two weeks ago we posted the one of the wheat when wheat was trading at 666 a 668 and it says since went high a lot way above $7 since that time but this is the same type of trade that we are doing in the natural gas is very very similar let's just give you it all starts with this folks let me get this up here this is the hold on one second and we'll get this chart up here I know it's repetition folks but now is the time that it's happening and this is when you learn your lesson whether it's going to work or not so I'm just going to remind you here there's the ABCD of the natural gas that's over the past two or three weeks okay now what we're going to do now is we're going to look at that just a little further to see what it looks like when you add all of the things that we want to see happen to natural gas all at the same time now let's get it up here and there's another one we're going to see all the patterns here now this is going to be a little fuzzy if you're a new listener just bear with us here this is not anything mysterious when you see these colors but you can see we are heading down here to this level right here and at that level you can see the beautiful three drive to a bottom there's drive one there's drive two dot drive three so that comes in right around 204 205 somewhere in that ballpark so that's what we're looking at that point if you notice of the far left over here this is where the last low was so there could be a lot of stops in this area right here okay that's if that's if there were a lot of people in the market and the only people the short interest is increasing which means that the market the power of the market is still there the problem is that if you get down here you they don't you don't have to worry about the buy stops there's only a few wackos that are trying to buy it on the way down here raise your hand wacko put your hand down Johnny I know you're there okay anyway that's what we're looking at so all I do is I'm going to buy it I'm going to put a stop of about 15 handles I'm going to risk $1,500 on this because just a 382 retracement on that would be almost 10 grand so it's it's going to be really interesting folks so we're going to be watching this holding your hand along the way now we got some major reports today we got a major hog report that comes out very very soon and effect is I think it comes out in about an hour doesn't it yeah in about an hour the hog report comes out and we'd like to buy hogs if they open lower they got a really nice pattern in the April hogs and so we're going to be paying really close attention to that one because it's got a lot of stuff going on and I wanted to bring a couple other things up here to remind you and just get this to level right here hold on one second here this is the chart of Apple and you'll get up here to see where we were uh-oh I don't think this is Apple but it's up here what is it yep this is Apple on the long-term weekly and you can see now this is a perfect one three five pattern we made a higher high today and today's the day it should start down if it's any good or the week this is the week that it should start down so we had a higher high in the Apple right in here this morning about a half a buck higher so as long as it doesn't get above this next level it's got a chance for at least to pull back so that's primarily you know what we're what we're looking at here so I hope that someone's ask if this could be a head and shoulders pattern yes because you have a this is your left shoulder okay no you can't because see the right shoulder is higher than the left shoulder so that cannot be a head and shoulders pattern but it is a one three five because it's perfect there's one three and five three and five are both 78% retracement so the whole move that's it I mean you have to risk more than $2 on the stock that's trading for 91 that's about the way it looks here in River City so that every day in that attitude of gratitude and may God bless currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Keg stats Tiger forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets tremendously when you sign up for the Tiger forex report you also gain instant access to Teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the Tiger forex report for all the details and to start your 30 day Tiger forex report subscription today visit the front page of TFNN comm TFNN 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 comm and try mastering probability 30 days risk-free today TFNN educating investors are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network at CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN comm TFNN educating investors 1877-927-6648 internationally at 727-873-7618 we're back folks and we have a trip for you we're gonna go across the bond over to England and we're gonna look at the DAX index and the DAX index even though it's in the UK has very few UK stocks in it it's basically international stocks that are trading on the foreign exchange their forex exchange okay so basically what we're looking at here you can see that we've reached a 61% retracement today but there's also a larger ABCD in the same structure now when we started doing this stuff on pattern recognition well somebody before me but I've been doing it for over 60 years the one thing that we learned is when we listen to what Albert Einstein said and that is that mathematics precedes geometry he was talking about Pythagoras and his Pythagorean theorem but mathematics are the Fibonacci numbers and the ABCDs are the geometry so you got to go along with the actual numbers so the numbers went right to the 618 and that's where you play your game you go at that spot and that's all you have to wait and see if in fact that is the way things are supposed to occur and what we mean by that is once it gets beyond that 618 that's where the problem arises and then you have a bigger problem so if you shorted it and you setting right there that number you're waiting to see guess what will happen it'll probably turn and go in the opposite direction of what you thought it would going to do that means it's a failed pattern that's where the second geometric pattern is here you can see that the second ABCD is here when you have all of the ABCDs coming together there's there's really nothing I mean they can all fail no question about it but that's what we're looking at in natural gas right now and this is this is only the second by signal that we've had in natural gas we had one at that 1.618 at 287 it rallied about I think about 10 or 15 handles and then it rolled over and that was it it went all the way down below 2 and you can't get anybody interested in buying natural gas here I mean it's just you know it's just totally amazing how the things change because when it was way back here at the top you know last year when it was training around 10 in the summer and look where it is now it's below 2 and I don't think they like it as much and not only that but it was bullish news all the way down about how much gas it took to have a soldier you know doing his work for the UK and stuff so you got to be careful with what you hear folks trade what you see not what you think or what you what you have you want to be able to see it yourself and that's really what you want to do sell when you want to not when you have to we all know who said that God love him okay now we want and we have one other chart for you and this is quite interesting one too okay I just duplicated it so we don't need to do that anymore the question that someone asked me the other day when we were here chatting here was what was going to happen with crude oil if you remember in the crude oil we were waiting to crude oil to get to 74 54 a barrel now it got to 74 44 and then it rolled over and dropped $3 a barrel what it's doing now is it's coming back and retesting that number or we've got a whole new sequence of numbers coming together and I'm trying to find it just be patient Johnny just be patient I thought I put it in here if not I will get it very very soon because folks we're at a real critical level of the market when you see the market do what it just did in his last few you know hours of yesterday and today that is indicative of something very very dramatic so when you see an outlier event like the one I posted where the Dow and the SAP were certainly different all you have to do is to go back and see what happened after that same type of thing happened on a particular day so I'm going to show you the last time something like this happened this may or may not mean anything that I didn't know all I know is if you see something and please tell me we're going to be okay here yeah if you see something that looks interesting from a different standpoint that's what you're watching because as you're watching this you see these moves are so harmonic here you can just see the ABCDs here but this move that you're watching right here okay that move is very similar in time and space and everything else to that move you see that if you put that over they overlaid on it it'd be the same thing so that it basically is your you know your final point on this stuff so that's why geometry is a little harder to teach folks so we're going to find out how it works in the next few hours I would imagine because we're still way above the opening price today and the chances of it going lower look very very remote because this this market has a tendency to be absolutely spectacular on the upside and that is because of this chart right here which shows the retracement in the NASDAQ come on chief get over here uh-oh I've got a trouble in River City boys and girls let me see what I have to do here did something wrong let me get up here there we go now sorry I've got a little technical difficulty so bear with me all righty okay now maybe this will help by the way James Mullian said that his probability rate of the hurricane Miami Hurricanes winning the NCAA tournament are around seven to one and so those are good odds considering that they're a big underdog and they have a chance to win and he says that because of the alignment to the stars of where they are over right over the University of Miami right right now and so we'll find out that's going to be an interesting one fortunately folks I cannot post that chart but it's going to be try to get posted when we come up for the break which will be in a couple minutes and then we'll move on to the next one here so we'll see got question here from someone in Oklahoma oh my why I'm in Oklahoma oh my goodness and his answer is what is going to happen to the pig crop report today because he happens to be a cattle ranger and the answer to that is you know we have a big ABCD down three drive pattern everything in the hogs let's get this up here we'll get that hog chart up here so you can see what it looks like but it's been it's been a tad oversold here in the hogs and oh wow forgot to hit the change window Al that's a problem it's all taking care of now this is where we are in the Jude hogs trading down about well I think they're they were below 100 but remember the difference the nearby hogs are trading for about 65 or 70 70 something and here we are the others the reason why is this is a futures market they're anticipating what's going to happen and what we're trying to do is do the same thing we think there's going to be a good bottom in hogs and by the end of this show if hogs are down sharply we're going to be a buyer and if they're up sharply we'll put our stop at break even but that's pretty much it because we bought them yesterday and they're about the same price as they were a tiny bit higher but we'll have to wait and see if that's what's going to happen regarding the soybean market there's a big report tomorrow that'll come out during the close also and this will be telling you how many soybeans the people that are out there in the fields the old farmer boys from carot indiana how much they're going to how many hogs are going to raise which will be affected by what they're expecting on the corn crop report that'll be on the next day so we've got hogs first then right after that we have the grain report and before that we're going to take a little break you live every day in an attitude of gratitude and may god bless 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 new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning i publish the gold report with coverage of gold silver bonds the xau 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 everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 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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 okay folks we had such wild swings here at the beginning of the week this is only thursday gosh the week goes by so fast anymore i can't even uh can't even tell you but this is going to be an exceptionally important week and we've got to someone get through to the trading den are you joking me they maybe they did maybe they didn't it looks like we did we got michael on the line what can we help you with michael larry talking to me yes sir this is your time michael how are you good to see you good to see you my friend welcome back for your vacation Monday about the miscommunication there would you guys like to start out with natural gas or crude or the s&p's let's let's go with natural gas because we got a lot of interest in natural gas today by the way folks you many of you many of you go ahead mike go ahead here i was just going to mention okay can anybody see this yes we got it up and running where it looks like we're in good shape okay so for those of you that have been watching the past interviews you know i've been talking about this massive move down that we we've been looking for in the natural gas we've been bearish since 844 but the trade below 513 60 to 499 30 projects this downward 227 minimum four dollars plus maximum so we've seen three dollars 0.025 that lower and now this doesn't show it here but this is just the current contract but this actually poked below these lows in a previous contract and so i think that this may be the final phase from this move down before a bullish correction so let me just drop down a couple not just here this is a 60 minute chart and you can see in here i said i would be aware of possible macro exhaustion levels at 202 20 on 179 60 to 171 10 and if one of those holds the the bullish correction against the move down should exceed 990 ticks from the low so that would be a pretty significant move especially with the risk around these being fairly minimal you know maybe 30 or 40 ticks or something like that and just on a very short-term basis we were traveling down above this line it got kind of chopped around a bit but this this wasn't a decent penetration above it this was a decent penetration let me just widen that a little bit this was the decent penetration pulled right back to it and then we've been chopping down above it so what happens when you have a really steep line like this is sometimes it'll travel down above it touch it a few times and then start drifting sideways and then eventually return to higher trade otherwise if we take it out i would be looking for it to test those exhaustion areas that i just mentioned again at 202 20 and the other one at 179 60 to 171 10 so we'll take a quick look any questions on that as you want me to jump over to no it's really good i just wanted to bring to your attention you know i i'm in contact with the folks here at tfnn and the feedback that we get but michael you've done a great job here over the we'll spend a month or so that we've been working with you and your calls have been really good they follow them closely so you know keep up the good work and those of you that are out there listening pay attention to mike more of more analytics he's got a lot of experience and he does a great job and he can certainly help you because the stuff that you've given us in the oil and then also in the i think in the stock market both of those have been incredibly accurate so i don't want to take any more time so please continue mike thank you sir i appreciate it i hope it's a blessing to everybody okay so we'll jump to crude so the crude and products have been correcting or in a trend against this move down from the march six highs and crude has just been trying to bounce up against this line right here it held this exhaustion area here yesterday rolled over a bit and it's testing it again if we can hold it again or roll over we can see a bigger sell-off but if we get get back up through here at 74 67 settle up above here i think we're going to start traveling back up towards the uh 77 47 area and that trend line comes in came into 7403 plus two ticks per hour starting at 8 o'clock this morning a decent trade above there will project this upward but if we break above there decently and back down through it decently that should be a decent sell-off uh bringing a decent sell-off as well now i just want to jump over to the arbab because the arbab or the unleaded gasoline has really been leading this move up and before i jump to the arbab i'm going to jump to the arbab crap because the crack shows you that in here it was really leading the upside basically for this charge up over the past couple of weeks and up in like yeah tell the folk tell the folks again what the crack spread is because uh you have to remind me because i don't do spreads but uh go please go ahead and tell them what the crack spread is again please the it's called a crack spread because when the oil goes into the refinery it goes through a a process called a cracker and the cracker breaks out either heating oil from it or unleaded gasoline so any spread between the gasoline and the underlying crude would be called a crack so you can either have a a gas crack or you can have a heat crack the importance in paying attention to what these cracks are doing and how the spreads are moving is it dictates to you what should be the most profitable product or or whether you should be long crude or long one of the products on any given move or short on any given move wow so great example in here just in the past couple weeks you know that financial difference in there was about to the tune of almost six grand per contract if you're right there you know along the correct one and then yesterday that the gas crack broke broke below a bearish formation I had in here that started bringing in selling and then another one started bringing in further selling so that is switched around but these cracks aren't particularly are pretty thinly traded exchange traded spreads but I analyze them for the importance of what it tells you about the outright so just going over here to the unleaded gas I'm like I got it I got a question myself and you know I'm I look at the bar charts you know the products themselves you know I don't I don't know what a feeder cattle looks like but I've traded them once in a while anyway if in other words if they get the they get the crude oil in and then they crack it now when they crack it do they have a choice of taking out the oil or taking out the natural gas or the heating oil or the gasoline is that what yeah it's a choice between the gasoline or the heating oil you got to be doing that that's the crack right there yeah where does natural gas come in on that well that's a separate entity because that's a natural gas is a byproduct of drilling for oil in the sense okay got it okay got it okay I remember now you bet it's not actually derived from the oil itself okay great all right this is good okay continue please now here's the arbab the unleaded gas actually made a bullish trending structure here it was not a corrective structure so then the question is we held exhaustion up here pretty pretty much perfectly from 268.71 to 269.94 with this 269.94 high and we started to roll over um this may be a pullback before a bigger or deeper correction against this move up we'll have to see um and then the heating oil this was not a trending structure this more looks more like a bullish correction that's why there's all these overlaps and overlaps and overlaps this structure suggests this is probably going to be going straight to the downside this was a trending structure this is a corrective structure that suggests we may see down and the heating oil is the weak one out of the three so that'll probably leave uh the downside okay great stay with us Mike we'll be right back all right 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 Basil 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 Basil 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 are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN 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 informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech 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 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 folks with Mike Moore or more analytics and we'll have more Mike if you don't mind this is great stuff sounds good so back to the heating oil this is just resting on this trend line right here if we break below that then this should start pushing this lower I'm not going to go over the Brent and the gas well because they're very similar but I will just bring you to a couple of other spreads here that important this is the Arbab to heat spread what does that mean this is a spread between the unleaded gasoline and the heat and so I got bullish in here was looking for 500 ticks minimum we broke above pulled right back to the line and now we've been heading up but this is another picture of why it's important to understand like this this would have dictated to you when this came off the other day that you wanted to be short the heat and not the gas and that financial difference just over a period of three days is to the tune of 5500 per lot and now this is broken above this formation which is going to project which projects us upward another 1200 ticks per lot and if you ever want to figure out what the financial difference is from a product to the crude so you would take 1200 1200 ticks in the products times 0.42 and that would give you the crude equivalent so that would be the equivalent to a five dollar crude move to the upside okay meaning if this market is going to come off you're likely going to get make five dollars more on the downside five crude dollars more on the downside if you short the heat rather than the gasoline and likewise if this turns and runs with the upside you want to be long the gasoline and not the heat does that make sense yeah makes sense well it's a complex and how many people do this type of trading I know I know the volume on this stuff is great but you know here in tfn we look at the products we look at crude you know a gasoline and the heating oil but we never look at the crack and that's my fault because it's my show but I don't look at the crack spreads very much I'm going to start relying on you on that because you've you've shown us that by doing this spread you can get leverage like 10 or 15 to one with just about the same amount of risk that's and that's incredible exactly like this is the heat crack I got bearish on the break below this line we pulled right back up to it pulled back up to it again and you can see here in under 48 hours that's a financial difference of almost six grand so wow you know most people are looking for a leading indicator right well yes the ar bob and the heat lead the market directionally 85 to 90 percent of the time not the crude because they are the products of the crude that all the demand is for that trickles back to the crude wow so um just great did you want to take a look at the s&p next yes sir we're waiting for that one absolutely okay sorry give me one second here okay s&p 500 index we left the maintain gap higher yesterday so just backing up we did a higher time frame look at this a couple weeks ago when we were all on but this is a higher time frame chart this is a daily chart you can see from the peak of the market we had a classic bearish structure here and then a classic bullish correction against that and right now this the markets really trying to figure out what it's going to do here are we going to have a whole new bearish structure coming out of this or are we going to have a whole new bull structure out of this so so what happens here in the next couple weeks is very important but on a on a short-term basis it had a couple chances to break down it it couldn't and it broke back above this formation right here that i had and that projects this upward 114 minimum 250 plus maximum we fell back down through that that's going to be bearish fell back down through it decently it's going to be bearish and then if we break below this other formation that'll even be more bearish so as it stands right now it's bullish but we are holding this exhaustion level right here at 481 or 482 we just violated it slightly so we'll have to see but i would still remain bullish as long as it stays above this line and yesterday also we left a bullish gap higher right here you can see that in the market the low is 4032 or the the high of the gap was 4032 and the low of the gap was 40950 so yeah bullish right now unless that line gets gets violated but if this line does get violated decently on the downside i mean today's decent penetration is 24 and that changes every day based off of volatility but if we were to break below there decently that would be a good opportunity to get short definitely get out of your lungs and then that would set you up to already be short before we break below this formation down below and that would have you know that would probably project us down into these areas the 3910 area or whatnot and maybe even more okay we'll take a quick look at the gold oh yeah take your time on the gold because we have a lot of interest there's probably because of Tom O'Brien you know he he basically is the the premier gold bug king he started buying gold back in 2003 when it was trading at 280 i think and he's still long it looks pretty good so tell us what you're looking at please well again from a very higher time frame perspective i think that this is let me just put this into a weekly chart for a second you know we broke out of this major base in here and we've had a couple waves up and i think that this is in the midst of the final final wave up maybe to test these big exhaustion levels up in here and this is a massive bullish formation built into it so if we get up into here though that's where you really want to be moving your stops up and with your longs your long term longs because if it fails back down through that bullish formation then it could get ugly and then you could see a significant bearish correction that would probably you know exceed 46 grand per lot but as it's right now bullish um let me go down a time frame here i was bullish because of the structure in here right in here i said it was going to be bearish for that the minor bearish reversal above here and then we've been traveling up underneath it and we're just in this consolidated you know wedge pattern on a lower time frame i think this is the last leg up too so you have a lower time frame structure that says that this is likely in the last leg of that lower time frame structure and you have a very macro structure that also says that we're likely in the last stretch of that macro structure so this is a time to really be paying attention to these these major exhaustion levels up here to possibly take a significant short if one of them holds uh you know with a relatively small risk or to very least get out of your macro longs and if one of those holds and the whole thing starts to roll over it could really be uh really see a significant smack down um oh by the way you said last time you wanted me to show up my that website info before we got off larry yes ran out of time so i just wanted to put that up there real quick for anybody that's interested it's uh more analytics.com they have auto trade programs on there uh multiple auto trade programs that we're collecting information for to start um very soon some will be spread trades that are trades just like the cracks that we just talked about mm-hmm some will be spreads between different markets uh and whatnot so okay you want to put the the uh bitcoin order do you want to look at what stay with us and we'll have you gone for the other two minutes we have to take a three minute break for pay a few bills and then we'll have you on for another three minutes okay sounds good sir yep mike more more analytics folks we'll be right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tomyo brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors 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 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to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv back folks with mike more more analytics and uh please continue mike okay so just jumping into the bitcoin uh bitcoin we've been bear since overall since uh november 10 2021 seen 54,440 430 of that to the downside and then that was all all that's been put on hold i would say right here this is a new sentence that was added a number of days ago on march 20th we left a significant bullish reversal below that warrants of higher trade for weeks solid trade below 27,155 will negate this and warrant of renewed pressure for days possibly weeks became 25 um 25 shy of this the other day and then rallied so that's um and you can see just clearly out of structure right i mean we clearly broke out of this bearish trend right here we've been drifting sideways making a sort of base and then we're popping up out of it and if you remember on past uh interviews we i'd i'd said that taking this out was significant then we took this out which was significant we held it first took that out and now we're traveling up to towards these apexes right here of the of the massive structure up here we've been holding that exactly almost but if we get above that and start taking these areas out here at the 32605 uh 32455 to 32605 that opens up the upside even more and um let me just show you here and this is that maintain gap higher we had the other day i'm just going to drop down our lower time frame for you that being said on a lower time frame i warned that this structure right here may be complete and this was the likely final leg of this structure upwards and that this is probably starting into a bearish correction to exceed should see 2,610 a coin at least from this hop wow so the question is are we going to see that but not violate 27155 that's it hey thanks for joining us my friend there uh time's up and we'll talk to you soon okay thank you very much it's been an honor Mike more more analytics folks we'll be right back