 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hi everyone, Basil Chapman. We're on this Friday, Friday the 15th of halfway through the month of September. I've got the chart right up here. I was asked in the den about LAC. We spoke about this a little while ago, Lithium Americas Corporation. It was somewhere over here, and we were looking for it to break to a leg C, and it did in the Chapman way. Oh, let me just do this since it's tactical Friday. So in the Chapman methodology, a very simple set of tools that I started developing years ago when I used to use graph paper engineering paper and a ruler and a pencil. And the little squares were like one sixteenth each, something like that. And I used that as, was it a point? Yeah, each one was a point, so you can imagine. When I went back and did all those charts from the 1920s, there was a book that had the closing prices of the Dow. I did charts. It started off with the 1920s, and then we got to 1929, market at a higher 386 on the Friday, long weekend, September the 2nd or 3rd. It made a higher 386, and it tumbled down to 40 over the next year, year and a half, two years. So this is very important in terms for me, looking at the charts and seeing the notations. So I developed this technique that said if you identify a starting point, each successively higher high can be alphabetized, A, B, C, D, E, F, G on the way up. The object I eventually found out, I originally called this a seven-way form because it got to a D and I thought D was it, and there were so many charts that failed to D. Then all of a sudden I saw that they can go to E and F. I didn't even know there was a G. In 1987, my first client was Fadility because I demonstrated over the summer my work to them and I had a hotline and I remember going in the hotline saying, we've got to peak D. This is August of 1987. I said, we've got to peak D in my daily chart. But everything about it looks like it could go higher. So we're not going to do anything yet. And then we got to, I think it was E or an F. I don't know why I'm thinking 22, 72. I don't know what it was. I could go back. I've got the charts, somebody's sitting over here. And I said, okay, I've got a cell signal and we've got a cell signal. Thank goodness because that was the very month that Fadility said, okay, we'll have you as an advisor. So that developed over the years I found it can go. There was a technique that I've developed that said at peak D, the fourth highest peak, you can get it what I then called an instant restart, meaning that you can within three bars, if it goes to a higher high, you can have like a parallel count E slash A, F slash B, G slash C. And G slash C says there's a really good chance that it's going to go to a D. Okay, with that said, that's the simplicity of it. And yeah, we've got peak A, peak B, peak C, and peak D. The last one failed at a peak C with an arch formation, dreaded H, took it out and went much lower. So D and a very strong look at the MACD, the moving average convergence strong. Stochastic is not yet at 80%. That gives a drum to move a little bit on balance volumes lagging a lot. But look at the price, big strong green candle, the nine period moving averages way over the 14. Everything's over the 50. And now this 200 period moving average, I would have to say 20.51. If we can get to 20.63, something in that area, 63. Then this 200 period moving average, which it didn't even. Let me show you something interesting. Look at this. Look at the way this 200 period moving average, it went to a peak G at some point back in February. Then it pulled back and then 200 period moving average. You didn't need a chap leaf count. You didn't need Fibonacci. You didn't need volume. You didn't need, you needed nothing. You needed just one trend line, a moving average, 200 period exponential moving average. And tell you resistance, resistance, resistance, boom, comes close. Not even near the resistance because I say you got to get with a really close. And then it's suddenly, you know how a magnet, you got your metal and you get close. And then all of a sudden it grabs it and it sticks. That's the magnet effect. It's getting closer now because this is, look at this beautiful time sequence. Look at that number of bars to the left, number of bars to the right. And this just says there's a really good chance it's going to stick to 20.90s. And then we'll see, then it might just get stuck. All right. So that's LIC. And that also tells you that at this particular point you got really strong. Look at this beautiful, you see this trend line right here? This Chapman wave inside track, something else I developed instead of the usual trend lines. I take two trend lines and I'll make a little mini channel. And I call it the Chapman wave inside track propellant zone or repellant zone. In this case it was a propellant zone and it pushed the price. You want to see how these things work? This is live right now. Here is the one minute chart. I drew this in much earlier. The funniest, well it wasn't so funny actually. This morning I was busy doing my news there and I said, I've got the cell signal and it was right here. Right, 17. Yeah, it was somewhere around here. I said, all right. That's it. 45, 60. I've got this arch formation. This is the rectangle formation, a large one that creates an arch formation that looks like it's going to fail. And then it goes pink with a nine-point moving average. And just before it even did that, I said, this is going, and I thought I hit the button to go short at 45, 60. And I'm busy doing my work and everything and I'm doing these things. I even went to the chart. I just didn't look at, I didn't even look at what I'd done. I missed, I hit the, I didn't hit the button. I thought I hit the button. So here we are at 45, 26. Well, that happens. Anyway, back to our story. So that is doing very nicely. All right, now let's go to the real thing, which is, I also said in the demo that I would get to DBA. We've spoken about this before. DBA is the DBA Agricultural Fund. Now this is so interesting because we are long, we are long for years now. DBA, the DBA Agricultural Fund, we are long right there. 1325 was the loan due 2020. I love when we're able to get right the ictus of the turn so that when it rallies, when it starts to consolidate after that, you've now got big leeway like the Dow short that we had right at August the first this year, the high, the actual day of the high. It gave me at least a little bit of a cushion to say, all right, you've got your time now because it could start. And we had that big 500. They didn't affect us because we were in right at the top. So in this particular instance, what we're looking at is now you see the way these things work. You see this top at 22.38. And this is DBA Agricultural Fund. DBA is the symbol is at 22.37 up 16 cents. Well, the high on the 24th of July was 22.38. Days high is what 22.38. But it's already been down to 21, 2102. I think it was 2108. So look at this. Now, normally, I would make my plum line right there in the middle. But if I saw this when I was when I was speaking, I think it was, I just said that it's in a buy signal to buy mode and should go higher. But it broke out and now it's in this leg D. I would have had to find another plum line to find the left side, right side. I'll do this live when we get back. It'll be historic. But I'll do it nevertheless. That was that 104. I'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades 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 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. 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This letter here is a C and it's a floating C because it went one penny above. You see this little thing here that I drew? You see that? It's a trap way falling exclamation. Oops, I've got to find another one here. A trap way falling exclamation. That's this one right here. Where you make a high and then you make lower highs and much lower lows. Then all of a sudden it finds support and it breaks that trend line and it has a one-to-one to the upside. Well, look at this. This is here. Where is the other one we had? I think it's here. It might be wrong. Yes, there it is. UEC. We are still on this. We just took a 58% profit from a little tiny little bit of it. We're taking all the way up. We're along from Overcare 346. I just wanted to show you this. Look how it's walking the nine-period. Now it's running the nine-period moving out. It's getting way overboard based on the on-balance volume. But that stochastic is flat at 94%. That is really good. And the magnet is good. But I just wanted to show you this little flag or I call it the trap way falling exclamation. Because it looks like an axle of the handle and there's the blade, the expanding blade. And that's exactly what we've got you in the DBA. So look at that. We're right there. It was there as well. And now what we've got. So what I would be doing is this. I'd say, okay, my plum line. That's the midpoint that I'm anticipating if there was a cup formation or a V-shaped formation where the price goes back, where it goes back to the previous high. If this is my plum line right there, you can see just visually. I'm way, way behind. I'm not going to get there. But I have a technique that I call the trap wave inside. So I take a particular candle or particular objective on the left side and I create a trend line. And that trend line says, all right, if I'm going up like that, that could be it. It could be quite a bit of time before I get there. And then what I do is I grab this rectangle formation. It could be a straight line. For me, it's just easy to do that. And I'll say, look, that's not going to work. But if I go to this peak right here, this peak right here, and I make an exact measurement to the right side because there are particularly the candles, peaks or troughs that I use in this particular technique. That's what I teach. If you sign up for my newsletter, you'll get all these webinars that I discuss, all of these techniques in great detail. So then what I do is I slap this on. I put it there. And then what I do is I try to make a measured move from that left side to my new plum line, which is right here. And I take the inside wedge. I make it green. If you don't have the color, you don't have to have any of this. I'm doing this because it's demonstration. And I take this and I move it up. And I try to join. So it will join somewhere over there. So let's just see where this goes. And maybe what I'll do is I'll extend it to the right. Extend to the right. Let's see where it goes. And now this is what I would do. And then I would draw in the cup formation, lopsided cup because it isn't exactly to the pivot point of the bottom. So it goes to there. I move it to the right. And let's see what we've got. And there it is. Look, in fact, I was the one that made the mistake because I didn't hit that candle. That's the objective is to hit the candle going on the way up because that becomes the resistance line. So if I did that, that would give me this right here. I'm going to not extend it for the moment. Take that away. So look what I did. And that would have been the price point. So it's one day early. Look, one bar early. And it has gone to 2238. 2238 was the high. Almost a triple high back on the 21st of July. That's the technique that I would use. And then I'd complete the cup formation saying, yep, there it is. So and what it is now if it goes one penny higher, this E takes you to an F. Could it be a brand new F slash B? Yeah, it could. But that also starts the monthly chart going to a D. Now what's so fascinating about this, look at the horrible action in wheat. Wheat is part of this ETF. Wheat is making lower lows. It's just had a really nice bounce off the left side, right side price. Time match that I did over here should have been there. So it came in a bar late to the point that I needed. But it actually then went lower. And now it's turning around. The unbounded volume hasn't given any clue, but the stochastic gas, the MACD. So wheat is finally getting a little bit of a bounce. Soybeans is holding in this pattern, another favorite pattern of mine. One that comes down like this. And then expands like that. That's the falling exclamation. It says that wheat should attempt at least to get from the 1354 level that it's at right now to try to test that candle on the left somewhere in the 1380 area. But right now it's just going sideways. And the corn, the corn is at the lows. It's just, look, there's your pattern that I showed you just a moment ago. I can't remember which chart it was, but it's a large rectangle I said that can have an arch formation. That says there should be, there's a peak C1 and a peak C2 in the monthly chart. And that's interesting because what is making the DBA Agricultural Fund move so nicely? It's this thing here, Mr. Sweettooth at a new recovery high, 27.38 sugar, peak C1, C2, C3 pulls back sharply. Now it's in the weekly chart, they're dealing the monthly. And this is not even an all-time high because all-time high was right here at a peak F back in August of 2011. All right, way up in the 36.29 level, this is a continuous contract, so that's a different price. But absolutely everything else is the same, patterns, everything, just the actual price gets moved out. So there it is. So that's what's really helping the DBA Agricultural Fund and isn't that interesting because I don't just look, someone asked me about wheat the other day and I said, it's acting very poorly, but I think that was almost the day or the day before it made that low and now it's trying to rally a little bit, just a little bit. It's not very strong, but it's trying to rally. Let's do the same thing now. I just wanted to show you with a pattern that we were looking at in the one-minute chart, how I drew it in of the E-mini. This was the left side, right side, price-to-time match. I made a plumb line right there. Then arch over and look. Here's this inside track, propellant zone. Every time it got there, look what happened. It came down, hit it, tried to rally. Came down, hit it, tried to rally. Came down, hit it, tried to rally. Peak A-minus failed and now it's gone to a leg, a trough E and it's not looking very strong. And in fact, what I learned years ago from doing that hand charting was keep trend lines going for a long time because at some point they get to meet. Do you remember that one that we had? Was it 4538? I don't even know where it is in the E-mini. Oh, it'll be in a new chart. It won't be on that chart anymore. But you remember I had that in the out of the blue. On the way up, we went back to that level. Was it 4538? Yeah, 45... No, I think it was 4438. Okay, so with that said, the DAO is down 111. Let's move down to 28. We've got a lot to talk about. I haven't even gone through all the different indices. I'll be doing that. And then I had a question about LLY. I'll look at Lily in a moment. 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 the Tiger Forex report. 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A question came in about Eli Lilly. Eli Lilly is one of the largest farm pharmaceutical companies spending a $5.95.71. This is exactly what I was talking about. You've got a chat wave right there. Instant restart goes to a peak D doji candle pulls back within three bars to make a higher high or parallels that high on the left side goes to an E called E-A-F-B G-C and invariably you will get a sudden pop to the upside to give you a D. So here we are at 601.13 on the 12th. The 13th it goes to 600.75 So you've gone 601.13 to 675 just a couple of cents and yesterday you go to 601.84 84 is higher than the 75 so it goes to a D and there you are. There's your D and what's the objective in the chat wave to get you from a leg from a starting point to an upgraded buy mode that will take you to at least a D and here's your D. Two red candles a little doji candle we'll see it's Friday this will be the tiniest little candle in quite a while F-C in the month in the weekly chart on balance volumes a little overboard stochastic fabulous at 97% magnies outstanding prices way over the nine 90s way over the 14 80s that's seen the monthly chart same thing and a little overboard not a little bit a lot overboard there but that doesn't mean to say look how long it's been overboard so it can stay for a while I'm suggesting yes I don't know what the question is just about Eli Lilly and all I can say is within the context of the patterns that we look at look at this gap you think this gap won't be filled it will be filled will be filled tomorrow will it be filled this year I have no clue will it be filled at some point yes gaps on the way up when they are very big tend at some point to become magnets but it can take a long time small gaps same thing look there's a little gap over there that'll be the first one I wouldn't even be looking at this gap under 500 because you've got this little one here about 560 so one thing at a time so on a very short time basis it's taking a little digestive moment it has made that D and yes I will go over there so sorry I never I took off that SOXS I thought it just needed another day but I should have had it because that would have been a fabulous we've had it many times before I actually needed that space so I took it off but I was intending to put it back on I'll talk about it in my overview tomorrow for subscribers I'll probably be doing it this afternoon send it out early this evening so what we're looking at is 587 this is digesting it looks fantastic but it visually looks overboard but it doesn't know it at 587 you think there's somebody inside in the chart saying I'm overboard but no the price is just the price it has no clue what we do is we try to analyze it all I can say is that this whole high 50 that's the thing that will be tested at some point soon rather than later and most importantly it looks fantastic it's in the right area at the right time but it is getting toppy and yes it can go higher wouldn't be so if it does go higher I think the 603 605 will be a very strong container let me use this I never use this let me go there so what we're looking at we're looking at Eli Lilly LLY this is a chaplain wave daily weekly monthly and I usually put in the 120 minute chart 120 minute chart automated resistance support levels 60133 is the daily one if anyone left 543 we've already swiped through it now that becomes great support and the monthly chart 427 there's nothing above and the 120 minute chart look at the cluster and how it's been repelled and it's gone below the support levels so that's why I'm saying I think it's in a consolidation phase at a higher level but I don't I don't even have a cell signal yet I would get a cell signal on the daily if it closes under 572 for two sessions then that's a cell signal it might immediately get upgraded to cell mode but all in the daily the weekly still looks great hope that helps you good next question came in where did it go? Toll brothers now here's another we berate ourselves in the den we've got all of us have something to say about could it would it should but Toll brothers once upon a time we were short this instrument we took a little bit we took a little bit of a loss we had two separate positions if I had raised the stop just another point we would still be in it and here it is at 7830 and I kept saying and what I said let me just tell you this what I said to subscribers this morning to my opening call newsletter in my traders corner let me see if I can get there right now I said Friday this is the opening call newsletter traders corner the Dady Dow's new great leg B saw the 914 that's the 9 people moving average 14 moving average flip positive making this a key moment there are there are strikes that's the order unions heating and crude oil uranium yields and the dollar soaring as the financials brokers and gold are now balancing but the estimators store that's the estimators the semiconductors and to me that's the big clue estimators store could this coincide with a trend change that the market is anticipating SMH suggests not yet and then I go on to all our different positions so within that context all I can say is it's not a big deal the Dow is only down 115 the S&P is down 28 after a pretty good session yesterday in the Dow but here we are and I think that we're looking at here in the tall brothers homeboulders Lena had earnings I don't know what happened I thought I saw the earnings oh no don't do that just typed on my newsletter I mean to do that is it back again everything said yes let me just okay so look Lena I think they had earnings and yesterday it looked like they were up a point they were just sort of unchanged now they are down four and a half at 113 right on the 200 period exponential moving average do you need an exponential moving average no but when you need it you want to sitting there to give you all that information look at this 200 period moving average since it broke gapped up and then broke above it back in November of 2022 that's almost a year ago look not once as it even come close to the 200 period moving average and then out of the blue if I did left side right side price time match here look if I did this if I took that low I went to that top now what I normally do is I don't go to the top when it's really obvious that it's going to take a little bit more time I go to maybe the cup or just after it when it makes it low and then tries to rally and that would be my my full term my midpoint my plum line right there and then I go left side right side price time matches click make that red this I changed to green like that and this is it but that was the idea this is kind of what I do and then I choose a particular candle on the left to draw the camera inside wedge target in this case support line and I draw that in I would have had it there but now you can see it goes all the way to there but look this is coming down making arch formations that dreaded H and it keeps coming down and just hit the 200p moving average for the first time the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of the XAU, HUI GDX, The Dollar, Bonds the South African Rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com introducing Tom O'Brien's award winning newsletter Market Insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out Market Insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com and subscribe to Market Insights today don't miss out on this opportunity to supercharge your trading results Market Insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter Market Insights firsthand 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 L.A.B.U. or L.A.B.D. Directions daily S&P biotech three times bull and bear ETFs visit direction investments.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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ so that's that's kind of what I wanted to say about the homeboulders I don't see from the action that they're the patterns that they're forming right now that they can go much higher I think they're all going to be in a digestive phase and that has to do with the interest rate even if interest rates had to start coming down a little bit right now I think that it takes a while for them to change and that just is I think impacting the whole home building sector I just want to talk about this chart you see the spiral to the upside CCJ and the debt number of people talking about it I'm going to get to estimators in a moment you see this way you've scooped up see this little cup formation right here and you've had consecutive bigger bars not smaller bars like you saw in some of the other instruments we were looking at these are big bars and here's one of your biggest bars not ever because it's done it before but this is really huge on the weekly basis this is probably one of the biggest bars ever in CCJ chemical core uranium fuel so as I look at this there's a pattern that I always look at and I'll use the weekly for the moment but here's the weekly and it's got this kind of lopsided cup formation and it's just very steadily moving up and then it just breaks out so you see the stochastics at 95% fabulous I mean that's what you want to see in a big move and whatever look when it fails quickly the price fails when it steadies up the price keeps going higher so what we're looking at here is there's a huge price expansion so there are three ways that I look at this either it has just a momentary stall and then it makes a couple of another big moves to the upside big candles but only modest higher highs in other words it has a sharp pullback and then closes high then it has another sharp pullback closes high that's one set of scenarios or one set in the scenarios the next is I draw in above it and below it I join a rectangle formation and it's a little bit higher in this case I'll go to maybe 43 somewhere out there maybe 44 and I go like this I start off like that with a halfway marker and it's a weekly chart and I'll wait because if it takes it out I'll automatically go to the base but I start off like this saying there could be a sideways move and then a sudden drop but it could go sideways for a while I'm thinking oh it should be pulling back maybe it's holding I've got to buy and they're buying and it turns out to be a huge distribution phase that's the second scenario the third is we get the Eiffel Tower move they go straight up like this and then plummets to the downside with this number of good green candles I'm not sure I'm seeing that scenario right now I think it's more likely that I have to lower this and say there is a digestive phase maybe it doesn't take out this week's low but it does come down and it just chups around here has maybe one more spike a little later on and then it comes back down and eventually comes down to the 34 level which is the 14 period exponential moving average where it is right now so I'll leave this in here and I'll just we'll see what happens but in the meantime it's spectacular action this is and I heard Jacob talking about I didn't hear actually what he said and then I saw the chart of U U U U this is what we've been talking about for a couple of weeks now I had a question from someone a little while ago saying do you prefer U U U which is energy fuels ink to the uranium in the uranium sector to the one that you have which is UEC and I said the chart of UEC is a way better looking chart formation but in the next couple of days I think U U U U is going to play catch up and wow look at that it goes from the 7s to the 834 level today and this has got the same pattern and it has an overlapping way peak C1 C2 breaks down starts to peak ABC and it goes to a D over the previous highs and the monthly chart you can see isn't isn't this strong technically but look at the base of support this might turn out to be stronger because it's got all the support whereas UEC has spiraled once and now it's just a brand new move to the upside now let's go to the SMH here's the SMH we are short from right here we had the doji candle high on the 31st of July 161.17 green candle but it took out the left side low that's usually not a good sign and before the open that third day that was on the August the day that we went the day after we went short the Dow we went short the SMHs but we also had the SOXS which is three times short so we still have and we've got beautiful profits on the way down but we still have the SMH short position and today as I was doing it I said you know I think I was making a mistake but I just felt that it was difficult to get in for risk reward unless we gap down immediately and it really didn't look like we were going to gap down and the SMH is right at the open so we don't have that but we still have our core position short but here's the pattern that I call the dreaded H so the dreaded H is in my technique this pattern right here remember this is technical Friday so we're going through some of these things although in a few minutes whether or not I can do Steve Rhodes hour because Steve is the one I think is back on Monday I'm not sure so this is the pattern we're always looking at sharp down makes an arch goes to peak A and then Aura B and then it fails it can go to a C but usually it's in A look this A failed right there so it goes to peak A or B and then takes out the left side low we haven't done that yet we haven't got a sell signal in the weekly chart we've got a sell mode in the daily but nothing yet in the weekly and the MACD is failing the stochastic is failing the on balance volume is failing but that 9 is still well above the 14 period moving average so this is a work in progress and now what we're looking at is if any time next week on a daily basis there is a close under 143.35 you see this trend line right here this is the look at that expanding wedge formation to the upside this I'm going to make pink this I'm going to make green and all I can say is if it's not a propellant zone it will become a repellant zone what is a repellant zone have a look at this apple that's a repellant zone right there it was a propellant zone there's the dreaded H pattern in the apple chart it hasn't broken down yet any time next week if it takes out one 72 is the 200 period moving average any daily close below 169 and this is really I think that it will turn pink the 9 period moving average in apple so with that said so I yes I just got a message I'm going to be able to do the next hour it's Steve's hour but I might have to do some things during the hour to take it that I would normally be doing so that's what we'll do so I want you to just tell you the SMHs as I say leave the markets up, leave the markets down in this case holding steady in the weekly chart and if you look at the general charts of the Dow, the S&P, the QQQ even the IWM goes to those QQQ charts and from QQQ and sell sequence they are very close in some cases but they have so I think the pessimism is that if you see the observation they could just come from the street area that's going to be quickly going to happen I'll be right back as a chapter I can just tell you the Dow is down 111 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 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 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30 days if you're running up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com and hit watch Tiger TV that's TFNN.com and hit watch Tiger TV so we're back and I'm going to show you those and Nvidia was key let me just go to the to the daily chart here look Nvidia with all the hype and everything look what's happened to Nvidia do you remember the other day I said look it turned pink and I'm removing average turned pink and look what's going on right now and it's a peak D in the and the daily chart peak D in the weekly chart G slash A in the monthly chart I can't even deal with that the peak that I just drew in in the monthly chart that very long inside track repellent zone so let's go back to this yes gold so I will be doing the next hour that Steve's hour as I say in between I might have to do some things on the charts itself that I will do for myself so yes gold peak D in the one minute chart this is a question in the normally I have to if I get two parallel lows I can take the next one as a as a leg A at this point if I call this a leg A that's not normal but in the future is occasionally I'll do that that gets me already to a D and that just says now you got to be a little bit careful I'm just going to be traditional treated as an A B we're at a peaks a leg C maybe a peak C in gold which is up 17 at 1950 in the continuous contract just about to go in the day to a to a cell signal only on the nine-period moving average not the chart itself so okay I'll be back with that but meantime back at the ranch let me just do this to show you I got a still a chunk of things to look at and yes I will look at Disney I've got a couple of questions that have come in but I look at I'm going to be doing Steve's hour coming up it won't be masking probability only Steve can do that but I'll be doing my work during that particular hour now I was down 172 and so please tell us that you will see now go back I'll be back in a moment