 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 morning folks. Welcome to the April 20 First Fantastic Friday edition of today's Traders Edge show I'm Rose Stevie Perseverance Rhodes who absolutely knows that each of us Should always be pioneers of our future versus prisoners of our past Hope everyone out there's having a great day. Let's make sure we have an extraordinary one of the easiest way to do that It's to always remember that life is happening for us not to us That's right When you and I make that one little two-by-four shift it means we can find the gift in every set of Circumstance that life is going to toss at us now today you and I are gonna go check on the circumstance of these markets We're gonna go figure out what those bulls and bears what those buyers and sellers are communicating to you And I at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes I'm here to serve you so feel free to pick up that phone a dial on it at 877 92766 for it would love to hear from you now if you got a question, but you can't call in you can always send me an Email send that off to Steve at tfnn.com and inside the subject heading Please put radio show question Of course if you're inside our Tigers then well then any in every ping will do so let's go ahead and get this Show started on fantastic Friday. Of course, this is tiger financial news network. I'm Steve Rhodes Welcome to the show. Well right now We've got a slightly mixed bag out there that saw you mix is coming from the Dow trainees, but you're up about eight points So basically flat other US indices to the downside Dow's off 19 points S&P's off three NASDAQ's off 12 Russell's down seven Semis are down 30 gold is also off 30 lights. We crude is down to buck 87 Silver's off 25 cents natural gas is down to nickel 30 or treasure down 17 US dollar indexes up a nickel out there. So no big movement that way But let's go try to figure out what all these charts here mean by taking a look at Let's look at our daily equity future contracts Here's a daily time frame the upper left hand corner. You've got the ES mini You can see we've got a nice little rising trend line has been established prices testing of that a price closing Below that trend line area. Where would that close be? Well, at least if you got a close at 41 30 I'd say you close below that line that would then suggest to you and I well momentum will have waned and That would suggest to move back to about the 41 18 area in the case of the NQ I've got a little bit shorter a trend line out there prices tested for many days The top of that daily profile 13 060 295 a close below that could be signaling to move back to the 12 705 12 777 area To for the Dow equity future contract. It's consolidating with inside its daily profile The Dow is probably the one to be watching most today. Those of you that are bearish With regard to the markets overall and I can start to see that now We can start to see we've got lower highs for the last four trading days now Inside each of the equity future contracts out here. So we're seeing that we're seeing and many instances low Just slightly lower lows as well Here in case of the Dow equity future contract if price did close below 33 8 19 That will suggest a change in trend and suggest lower price now It's the Dow or the YM as the only one that is testing profile support as we speak the others are well aware from that So that's why I say the Dow is probably the industry for you to focus on today Not that the others aren't worth focusing on but the Dow could release the biggest piece of information and inside the Russell It's just a consolidation with inside. It's a daily profile. So nothing there to report on What else do we know? Well, let's take the opportunity. Go take a good market breath right now. She had a bit of a rally Let's go figure out what interday market breath as well as we take a look at the 30 minute time frame for the S&P 500 We'll see that it has negative market breath what I mean by negative market breath There are more instruments trading below the 30 minute profile, which is support There's 204 to be exact versus 125 trading above profile above resistance. That is the s&p 500 What is the NASDAQ 100 doing? Let's get its market breath data statistics. It's it's pretty close here Here we're looking at 32 above and 29 below So we have the opposite message that we have inside of the es mini How is that helpful? It'll be helpful We go take a look at those interday charts to see what's going on there So we know that We know that we're market breath bullish on the nq We're market breath bearish on the es for its 30 minute time frame But take a look at the s&p 500 for the other four time frames You've got bullish for the weekly daily 240 and 60 out there Something to think about if we take a look at the NASDAQ 100 It happens to be bullish for the weekly daily and 240 but bearish for its 60 minute So All of this what does all of this mean stevie? It means we've got a choppy market out there Well, we just simply take a look at market breath. So let's do this Let's go try to figure out in this choppy market out here What are those equity future contracts doing so we'll change charts? We'll go take a look at the white background charts and we'll begin by taking a look at the es mini In the upper left hand side momentarily, you'll see the daily time frame. We won't see that trend line But you do see the new profile 41 88 resistance 41 18 support So what do we have? We take a look at those intraday charts out there Don't have anything on the five hour the four hour the two hour that is really really worth reporting on the 60 minute The hourly chart which we just took a look at had some negative market breath Is in the process of potentially forming a Roadsman indicator bottom the reason I have to say potential. It's only 1112 This is an hourly chart bar doesn't complete until 12 noon But as we speak right now, that's the pattern that appears to be in place There is a td9 account bottom inside the 30 minute time frame chart. I don't well Maybe that was negated give me a second here to just check in on that that low was 41 41 50. Where was this close? Oh, that's well below 41 oh what's not 41 so you still have a td9 account bottom on the 30 minute time frame Okay, so this this becomes very cool very easy You love it when the you love it when the chart tools Provide you and I with information and we can see that it's already been tested information And so therefore what you and I know is 41 55 is the real key level of resistance for the day If you see a 32 consecutive close above 41 55 on a 30 minute basis We're looking at a further rally now I don't know what patterns might take place after that But this dates here a key level of resistance will have failed it was tested. It's been tested now one two three four times Maybe the fifth time will be the charm. Let's take a look at the end Q This will take just a no also Well, I guess before we move over off of this the es many this could be day number three of consecutive lower closes out here Last time that we formed a nice bottom that was on three days of consecutive lows is back Closes back on march the 13th. We typically get a two to three bar knee jerk reaction out there So what what the es basically what I'm saying is even we'll get a lower close today What seems to be setting up is possibly a bounce on a Monday a bouncer a bottom there Let's go take a look at the end Q. See what the signals we might have outside of the end Q Remember the end Q is bullish on its 30 minute profiles And it's bearish on its 60 minute profiles out there. Let's get these charts here popular This is going to take just a few moments out there And thanks for all the requests. I see this bunch of requests that are pouring in so we're going to take a look at Netflix we're looking slumberjab. We're looking amazon Dan and Dan he's got several okay mcrb btai prqr and thx. Oh, that just meant thanks See roads with tfnn. We'll be right back 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 Influenced 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.com tfnn educating investors You might think that if you want to be successful at trading in a 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 in 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 Back up folks So we take a look at the end queue here before we get into some of the requests and what I see in the end queue Is I see several bottoming patterns So first on the 240 i'll just simply expand out these charts. We're all looking at the exact same thing You'll see a three drive to a bottom pattern. That's one of mr. Pesvento's patterns. I think that may have also I don't think that came from uh, that did not come from uh, h.m. Gertley Um, that came from his buddy in australia. I think I could be wrong. That doesn't really matter Now the way that I use that three drive to a bottom pattern here It's got to be confirmed with the bullish reversal candle. Now. This is the four hour chart This candle here does not complete until 2 p.m But if we do right now, we've got a key reversal bar What I mean by that is both the high and low of that prior bar has been exceeded And as long as we get one tick in the opposite direction meaning to the upside out here You'll have the bullish reversal candle And so that says we've got a three drive to a bottom pattern now the first area of resistance here is at 13065 That's the bottom of his profile 13089 is basically another area. That's red oscillator change on 13 one and a quarter 13 206 and then 13 241 Those are all the levels where you would expect to see some kind of battles now on the shorter term time frame charts A 60 minute has a erodesment of indicator bottom pattern. It's had several they've each failed Now prices below a bullish structured 60 minute profile We know that the 60 minute market breadth was slightly bearish I would say That if this is more than just a counter trend move inside the nq then price would close above 13 116 That's the center of that bullish structured profile Otherwise, I would expect that's where counter trend rallies will fail that 13 116 level So watch that if price get above that odds favor inside the nq the 60 minute will have flipped over to a bullish Mode in the case of the 30 minutes rose meant to indicator bottom the area to watch there is 13 098 That close above 13 098 is going to suggest. Okay. We've got more rally Well, 13 098 a close above that gets us to that 13 116 area And that's the level that you would most certainly want to be watching because that's where a counter trend move could end Steve the nq has a three drive to a top off the same time frame You're looking you're looking at the 120 minute time frame chart. That's fine. So the topping pattern that you maybe saw out there Um, so for me, this is the 120 minute chart. I just want to share with you This here seagull for me. That's not a three drive to a top on the On the 120 minute chart let let me just show you the reason why I I believe that And and it is this we're going to flip to a different set of charts here And the reason is because I don't like to force things So this pattern is very specific and it's tied between bars. Maybe give it one bar or so But you don't give it a whole lot more and it's got to be it's it's a very Um, so here here's a 240 minute chart. So the 240 minute chart drive one right here at this bar We can see that that's that's up the the second drive which is going to be this bar here at 2 a.m On april the 20th. So we can see out here that this pattern really should have completed about six in the morning But uh, you know, it really looks like it completed here at um A 10 in the morning and and now we're getting that bullish reversal candle now I'm going to switch this to the 120 minute time frame. We'll do the same type of thing So you have to have time uh, has got to be upset. How did that work out there? Uh, give me a second here We try to get an 120 minute chart up So you have to be equal in time and so if i'm looking for a three drive now I'm not sure what you're using for your three drive so you go So I to me it would have been this bar right here at 1400 hours If you were to if you would use this bar the one at 800 hours from april the 12th There's not enough of a move higher And there's not an a to b equal cd. There's no nothing out there. So again, it's equal time periods that we would be looking at So if I were to use this this time period right here and then we just move it there You can see we're not even close if I go back and I use this bar here Let's just see what we come up with but maybe that's the bar that you're using Out here, so we go from here to there Then I say, okay, if you were to use that but that to me that is not There's not enough of a move between that high and the next side that we're using For that to really qualify As a as a three drive pattern to me So it's a cool pattern But what you really want is you really want it, you know to show Like it does on the bottom of a chart so on the 120 minute chart here I would not call this a three drive to a bottom I had drawn that pattern in there But but I didn't come back to you at the open of that break that we did and say hey We've got a three drive to a bottom. We do on the 240. We don't on the 120 So it's a great pattern. Just don't force it out there if it existed exists And if it doesn't pay no big deal out there. All right, so um So we know the levels to watch inside the nq. We know the level to watch inside the es So we're all set for the a day out here So let's begin by taking a look at some of the requests roger Inside the tigers down wants to take a look at netflix and he's kind of interested What's netflix doing actually for the next couple days? We know what I actually need to change charts here because I can show you the trend line It's trading with inside the get smart cone of silence out there So momentarily we'll get to our three panel chart here and there is netflix So it's trading between trend line support and trend line resistance now roger If you can tell me which way this is going to break then I can tell you which way price is going to move But right now here's what we know. We know price has held the trend line support But it's trading below the bottom of its profile which at 324 13 so What's this going to do it's suggested it wants to go break that level and perhaps get all the way back to the Swing point out here that formed back in march march the 13th But the trend line has held now if price can close above the bottom of its profile You're wondering what is this likely to do if it can regain support which is 324 13 Well, then it might be signaling it's going to move up to The center of its bare structured profile and it's descending trend line I don't know which way this is going to To break out there, but that's what you're dealing with And so maybe it's best to look at something other than Netflix You know that's going to provide you with some better signals now Let's go back to those white background charts See if there is any better information that we can share with roger out here So we look at the daily time frame Well, we certainly see a td9 count top and that formed a td9 count breakdown resistance We don't have any kind of a bottom pattern. You could look at this and say this might be an a to b And a c to d but that retracement is way more Than a 0.786 retracement. So I say nah, that's not an a to b equal cd pattern So what is it it's price trading below profile support and in the trend line support And if that trend line support fails, this tells us that price is going to go to 304 14 So I think roger you sit tight here. You watch what price does Is it get back above the profile? If so it gets up to the oscillator and change line Does it get does it got break the trend line? If so, it gets to the 304 14 area That's the best that I've got for your netflix, but I think that's pretty good Information for you. So I do hope that helps you out and thanks so much for being the first requester Inside the tiger's den this morning The second one is snp and snp wanted to take a look at slumber jay Which having a bad day out here s lb is the ticker symbol and right now Slumber jay is trading below the bottom of its daily profile That daily profile bottom is 49 87. So price closed below that That's signaling to you and I that we're looking at lower price now. It's going against a A gap to the upside that did 20 million shares. That's this a trading session right here of april the third But in the first basic two hours of trading you've done five million shares So maybe best case you do 15 million shares as it takes on that that gap So but maybe price is just closing the gap out here and to do that all it needed to do is trade down to the high Really, I would say it would have been this this high here Which would have been 49 53 and so far the low while we're trading 49 46 right now So it's certainly closing that gap out there. There are other gaps as you can see There's one that's right here on the trading day of march of 29th. Is that a possible price target? Well, if we look at the weekly chart, which has arrangement of indicator top out here price is trading below its profile support level So I would say slumber jay looks to me like it wants to go target 46 72 But we'll confirm that we get back from the spring 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 metals 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 published a 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. 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So just to follow up on slumber j here We're seeing it's trading right now below the bottom of its daily profile. That's a 49 87 We're below the bottom of the weekly profile, which is 50 81 And so therefore my assumption is that if price does close below these levels these profile levels today We see price target that 46 44 level. That's a bottom of its That's a bottom of its monthly profile out there So that's what I see s n p when it comes to slumber j I do hope that that helps you out and thanks much for the request out there We have a request to take a look at amazon as well amazon. That's from hector and let's see what hector is looking at and hector writes in And he says happy fabulous fosters friday. I do like that fosters beer out there But the innocent guns still the steve's number one out there I love that caramel flavored version that they've got that once caramel flavored one. I think is a little Scotch Flavored as well quit a great scrape here in any event amazon today is confirming an a to b equal c d up Is that correct and what are the price projections? Okay, so we're on the right set of charts here Well, the first thing that you want to know with regard to amazon is that it's trading right into trend line resistance So is this area going to hold it is not much further above where we're trading right now So i'd say today the top of that would be about the 108 10 area So we're trading up in that resistance level And today is going to become bar number seven of a td9 count So that says we could get a td9 count top between monday and wednesday of next week as we move into trend line resistance Now what hector is asking about so i want to make sure i shared that with you What hector is asking about with regard to the a to b equal c d pattern He would like to use as his b point the trading session of april fourth How do i know that well he actually wrote that down on the email that he sent to me So that's pretty good. Uh, plus, uh, he's been watching the courses in the uh, Mastering probability a subscribership area out there So i know he would have picked that and i actually i picked that out Knowing believing that and then i just looked back at my phone to see that that's what he did pick on now That had volume there of 48 million shares and so far today you're at 35 That's why what hector says is hey stevie we've got a confirmed a to b equal c d to inside of a amazon To the upside and what are the price projections there? So we take a look at price projection We're going back to stevie's a to b equal c d tool that one to one hector and patty would get you to one 13 78 to be exact Is that where price would stop? I think not so i would say a price can clear the descending trend line If price can clear the descending trend line without Dealing with a td9 count top then this should do more than a one to one And that would take us up into the 118 area 123 level and the reason why i believe that it should do that Is because the retracement on that b to c leg is only a 41 percent retracement Much smaller than that point normal 0.618 area So this says we should have more strength to get this thing to move to the upside that is in the case of amazon But first you've got to deal with that trend line resistance level And so i pay attention to that and uh, that's all i've got so hector and patty You have a fabulous fosters friday out there And we'll see you on uh monday the next question coming in from uh David h and david wants to take a look at goldman sacks gs of the ticker symbol there Let's read david's question david's question goes like this happy fabulous florida friday And i'm up with that you've got goldman sacks 340 calls expiring in may so can you give me your Char your your perspective on an upside target well That upside target may be today might be worthwhile to go ahead and take the money Hey, he's probably not in the money, but here's the deal Uh, you're gonna form bar number nine of a t well Hold on a minute here. I could be here the parameters. You asked for the parameters david Today if goldman sacks can close above let me give you the number 33968 we're at 33926 If it can close above 33968 you will have a td9 count top And it's just got a spike above it doesn't have no it's got to close above it take that back So it's got to close above it it can't close at 33968 it must close above it in order to generate bar number nine And if you got that then I would say time to jettison that position out there If you don't look you're still dealing with resistance at 340 45 But if you don't then at least the td9 counts go away am I on the right channel? Ah, jeez louise db move over would you Hold on a second here. Now. Let me see was that you mr. Bill keeping me straight. Let me see. Oh, I think that it was Thank you. Thank you. Okay. Yeah, that's always good to have a wingman out there So now we got the white background charts for goldman sacks You can see that today you can see yesterday was bar number eight But in order for bar number nine to complete you've got to close above the close of bar number five You can't close at it. You most certainly can't close below it You've got to close above it and that means you got to close at least 33969 In order to get bar number nine today to form you've already spiked above bar number five So it's met that piece of it now With goldman sacks also as if we take a look at the weekly chart You can see that price right now on a weekly basis trading right into resistance as well And that's that red oscillator and change line is a slightly above it. Yes, 338 98 to be exact out here weren't 339 26 So we're sitting right at it. So What you I think what you really want is you really want price to close below that bar number five So you don't get a td9 count top out there But you're still at resistance and you've got resistance daily resistance weekly resistance out here Goldman sacks on the daily basis. This could be bar number three of consecutive moves higher out here Yeah, i'm the pattern. I mean It just says caution Oh, let's we'll just say that it says caution especially knowing what we know on the daily time frame chart the other daily chart and profile resistance out there So, uh, you're up at resistance until we know whether price can break through that and I don't know if it can or can't David Um, you know, it's not the best looking trade setup for what it is that you're holding at this moment out there But I do hope that that information helps you out and thanks much for taking the time to write in and you have a fabulous, uh, florida friday, even though uh, oh, you're in panama city That's david in the panama city. So you definitely have a florida friday out there Next request is a take look at ethereum ethe Is the ticker symbol and ethereum right now trading at about 9 19 I'm gonna see if at 9 22 to be exact. So I do have a little bit of a delay Issue here ethereum formed a td9 count top. I was right here on the trading day of April the 14th and now prices back inside its profile. It looks like it's headed towards the support zone So the zone out here for ethereum bob is going to be between the range of 858 to 901 and below 858 Your breakout level of support would be an 815. I would say 901 Looks like that is in the cards for sure We can see that the weekly chart took price all the way up It had a nice td9 count and rogment indicator bottom took price all the way up to its breakdown level That breakdown level was 10 78 out there. So you're up in a nice area of resistance Can't bust them up. You try to bust them down 793 is an area of support on the weekly chart So that certainly gets it to the 901 858 level out there the monthly chart ran into resistance up at its Oscillator and change line. So your resistance resistance resistance bob It looks to me like ethereum wants to pull back further and i'm going to go with about probably 858 More likely than not. So I hope that that helps you out. The next request is for What is the next request? I don't think I've got that right heckla That is for alan the great and l wants to take a look at heckla and we can see heckla right now You've got a probable a to b equal cd pattern out here. So I don't know about that retrace We'll take a look at that on my other system We'll we'll go venture over to it. We'll change the screens right now We take a look at heckla if you'd ask me alan where his price headed to I'd ask you where his price headed to And look in a steve's charts and I'd say a hint hint. How about that td9 count breakout level 575 is a likely price target for heckla But before it does that it's got to get through that key level of support on the weekly time frame And that level that you're watching there is 604 steve roads with tfn and we'll be right back. We'll finish taking a look at heckla 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 in 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 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 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader lary pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement You need to act on at any time 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 Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? 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You've got the Nasdaq that is slightly positive. It's up by 14 points The s&p and i'll just try to go positive, but they failed to do so Shopping market, which is really what we determined at the beginning of the show So let's take a look at hecla. So i finished looking at hecla out here So i'd mentioned a to b equal cd pattern. Let's go take a look at that on the other A screen out here. We'll draw in that pattern here momentarily. Let's get that up on our screen And with regard to hecla. Is this an a to b equal cd pattern? So a couple different things out here First let's draw in the a point that's up here at that high from uh, april the 13th B point would be this low that i would use from april 17th and the c point would be the high the very next day So that's a point three a two retracement out there So you do have a confirm where you have an a to b equal cd pattern. Was it confirmed or not? Well, we can we can find out the b point had volume of 6.6 million shares It was passed with 9.2 million shares. So yes Hecla confirmed an a to b equal cd to downside and does that on april the 19th So now what you're looking for Is a bullish reversal candle and if you get that that will then confirm a girtly by pattern Where might that take place? No idea You are starting to run into a could be an area of support around the 596 level and that is a rising trend line But no guarantee on that but what you are wanting waiting for here Allen is you're waiting for a bullish reversal candle that would then take you into a long position inside of hecla We've got some questions from dan inside the tiger's den. The first one is going to be m c rb So m crb trading at about 6 34. I'm sure that I've got a delay here Did I change panels? I didn't so let's go change over to the white panel screens out here Give me a moment. We'll get that up and again. We'll take a look at m m crb and try to look for a pattern out here So the first thing that I see is what boy. Oh boy not a lot. So here's what I see I see that there's a td9 count pattern, but it's going to form bar number nine today But that doesn't mean anything Because it doesn't qualify as a td9 count pattern right now the highest bar number six of that What else do we have out here on a daily base? We have price running in resistance So here's one thing that I can share with you dan on m crb You've got a key resistance level at 667. That's a td9 count breakdown area We've seen price hit that this week reject that and move back lower So you're definitely looking for that now. This has got higher highs higher lows Profile support is holding you're dealing with resistance right now. So everything here looks pretty bullish But no that 667 is a key level for you to be watching and observing if you can get through that then Dan then you've got 730 as your next resistance area. There's nothing that I see on the monthly chart to help us out So let's go look at the next request the next request was btai And btai today may be forming an a to b equal cd to the upside It's a swing point which would be the day of april 18th did volume of 389 thousand shares so far today You're at 135. So it looks like you're pretty close to confirming an a to b equal cd to the upside with volume You are trading above the top of its new profile. So that's another bullish outcome. That's a 21 77 So close above 21 77 would be a bullish signal. So I'd say price runs up to 23 19 And 23 19 or thereabouts is the weekly oscillator and change line The a to b equal cd pattern i'm just going to calculate it on my other screen here dan And now the retrace was only 25 percent retracement. So does it really qualifies an a to b equal cd as in Not necessarily And since you've got the td nine count patterns that are out here with today being bar number seven Just anticipate that between monday and wednesday. You could see a short term topping pattern Or it could be longer than that in btai But at this stage here, I think it heads higher with its site set on the 23 19 ish area out there So dano that well, we got one more here. That's a pr qr So we take a look at pr qr. What is it doing? So you're consolidating with inside your daily profile resistance at 241 And that is the center of that bullish structure profile This could close above 241 and then you're looking at a move up to 296 You've got a rosemount to indicator top on the weekly the weekly is saying I want to get back to support and that support will be 140 now The reason I say that dan is because price is trading below its bearish structured Weekly profile typically when that folds we see price get all the way back to support in this case here the bottom of its profile And on a monthly chart you could but I am with no pattern out there It shows that it could be a td nine count But you need one heck of a rally out here this month or next month In order for that to occur in order for that pattern to unfold. So with regard to pr qr The daily says I might want to bounce at 241 the weekly says I want to trade back to 140 So dano, I hope that that helps out with regard to those three We crest out there the next request comes in from pat and pat pat pat s and pat is asking about the demarc system so Don't let me see if I can find if we'll do this have one No All right, so let's read his question out here. It's a good question. I think we actually covered it During the show when I was what I was reviewing one of the instruments says if you are counting back four days Which we are we're comparing a close versus a close in the td nine count system So that's correct. So if you are counting back four days and the stock price is exactly the same as it was four days ago What do you do in the demarc system you start over the count? No longer exists if you have a if you're comparing two bars Just matter whether it's bar nine versus five eight versus four seven versus three c stevie Doing math is amazing, right? I mean nine minus four and I got five. It's amazing But any event the the the fact is the way the pattern works if Movements up to the top It's got to be close versus close and each close has to be hired by at least one pick one tick one pick one something One penny however it is that it trades out there if it's equal the pattern is going to go away just like we were talking about What was it it was I don't remember what symbol it was Sorry, and I've already I've got kind of delete I list my messages. I've got small small spaces So I but it doesn't really matter. So I think that helped answer your question I think we answered actually in detail when I was reviewing one of the one of the requests out there So if you've got any further questions pat just write back to me. I'm happy to help you out Uh, greg writes in and greg wants to take i'm looking at a trade in tbt That means he wants to short the 30-year treasury. Where am I at whiter black? I'm at the white change over to the black background screens here Forgive me a moment And uh, we'll get over to the 30-year treasury And what the 30-year treasury did I want you to notice this what the 30-year treasury did uh two days ago Well, what did yesterday was a confirmed a buy the d-point pattern? So that looks like this Here's this is you know, it's really like a gartley buy pattern as well Here's your a to b equal cd out here your a-point easy to identify Your b-point is going to be the low from april 12 the c-point is going to be the high from april 12 This does more than a 1 1.272 It completes the gartley buy pattern because we generate those bullish reversal candles now This is a bullish structured profile. You most certainly would not go short When and you would not go along the tbt right now. There's just not in the cards You've got supported 120 904 because that bullish engulfing candle Look looks very close to a hammer candle as well You're inside this bullish structured profile if you want to short the 30-year treasury Then wait for it to get up to 130 109 the top of that profile at least where the sellers are But at this stage here, you've got a buy pattern that is in place out there So I say no shorting no taking a position in the tbt It's also not a great time to take a long position inside the tlt because you've got resistance to that 130 109 Level out there. So greg I hope that helps you out with regard to tbt and tlt and I say right now Look for something else other than that playground steve roge with tf and m will 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 tom. 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Let's take a look at them the uh There's really three the first one is from jim p. He wants to take a good platinum So let's get the platinum charts up on our screen here We can see the platinum is forming bar number eight today of a td nine count So jim this has prepared for at least a short term top to form between today and tuesday of next week Is it today? Well, if it were to be today We'd see some kind of topping signals on the intraday charts out here The only topping signal that I see is on a 10-minute chart and that's not good enough for stevie That just led to a consolidation with inside this profile between 11 3 to 11 33 all the way up to 11 46 I see a uh, I see a negated td nine count top on the 30-minute timeframe chart So I don't think the top is today. I think uh that but but that doesn't mean that we get to higher price necessarily We should but uh, I so uh, it's at this stage here where I'd where to go with platinum Is you've got a td nine count top that should form between today and tuesday of next week out there So jim, I hope that that helped you out. I think your question was um Um Has had a great move up the last few weeks. You can analyze the july platinum contract. Yeah, well, so there you go That was jim in uh palm harbor if there's any information other information you jim just write back to me and we'll get that to you Next request coming in from james. He wants to take a good kroger k. R. Is he ticker symbol? At least I believe that's what kroger is a kroger right now or whatever k. R is um Did that form an a to b equal cd to to form a td nine count top and the question is did this form A uh a a to b equal cd pattern. So if stevie could grab this It did so you've got a garly by pattern that garly by pattern was confirmed on april the 17th That is now taking price up into resistance at 48 29 your price can close about 48 29 We're looking at a run to 48 96 out there Am I oh i'm on the wrong charts good lord Sorry about that folks not the way that you want to end the show Son of a gun well, here's your here's your kroger charts There's your confirmed a to b equal cd and resist at 48 29 Let me go back real quickly here to uh platinum chart. Sorry about that. You take a good platinum You'll see that bar number eight here at the daily chart. That's the upper left hand panel. Sorry about that folks But look have a fantastic friday a fabulous weekend Thanks for being here and uh be safe out there and i'll look forward to seeing you on a magnificent Marvelous monday. Take care. Thanks for all your support