 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 down on this Tuesday the 4th of April. We're looking up down 18 and 30,005, 81. We're looking also at this cup formation or V-shaped formation that's taken the price right. Let me just do this now because I think it's quite important. It looks a little messy, but I'll explain it. I don't really want to take these things out just yet because they're still so important and they were very important as they were unfolding. Sometimes I just get rid of all that and I make it a clean slate, but in this particular instance you can see the rectangle from that peak D. Look, in the Chapman methodology a bi-signal that goes to a bi-mode should go to at least a D. You can go to E, F and G, but D is where other things can happen. On the 1st of December at 34,595, you get your peak D. It pulls back, makes a cup formation or V-shaped formation, goes back to that level, goes to 34,712, slightly higher, 130 points higher. On the 13th of December and it pulls back sharp to 32,252, 2200 points decline. Then it goes right back, so it's forming a rectangle that's going back even further, goes into November. I can't dismiss those. I think they're really important and it makes a flaw of 32,573. The next one goes to 34,342 on the upside, underneath the previous height, also at a peak D. I don't want to change that right now. It pulls back and then it goes again, peak ABCD. How many Ds did you get? How important is a peak D in the Chapman methodology? Really important. For those of you who have been here for more than 20 years at TfN, you must have seen maybe 100,000 peak Ds. Every day, you're looking at peak Ds, right? I've been here for, I don't know how many sessions, have you multiplied? I don't know. But in the meantime, back to the ranch, you've got four Ds, one E, and it pulls back sharp. Then what does it do? It goes to peak APB. The reason why we keep having adding today, we took off another little bit in our three times along the Dow, the UDOW, because there's been fabulous gains on a very short-term basis. I need to take it. I want to conserve. I want to be building up a nice kitty for when maybe we get something wrong or whatever it is, but you need that extra leverage. So now we're only in C. The stochastic is fantastic at 98.16. The Magdy is good. The 9 is way over, not way, but it's over the 14. We're over the 200-period moving average, which has been on the next pullback. I think we'll come back to the 32,900 level at the 200-period moving average. But in the meantime, I think there's enough residual strength to say that if we made a new high today, which we did, 3,632 was yesterday's, and we went to 33,634.7. So we've already extended leg C. Now that's going to be very interesting because within the context of, let me do this, in the context of that weekly chart, you've got yourself an arch formation that's that dreaded H failed, made a doji candle, reversed right of the chaplain wave, inside track propellant zone. We've routed sharply high. The 9 is not cross positive. You've still got another day or two to go for that pink to change green. Will it do that? And then will it suddenly turn around and deflect lower for a sharp move down? That's kind of what I'm preparing for. The Magdy hasn't crossed positive. The stochastic is still only in the weekly chart at 34%. And look, now what I normally do is, remember, I like to go step-by-step. I could make statements like, oh, that I was going back and then name a number. If you don't cross an important threshold that's closer by, why even talk about the follow in the back of my mind? I could be saying anything. Back of your mind is the back of your mind. Your fingers do the walking. And in this particular instance, I've raised the chaplain wave falling exformation because there have been so many peaks on the upside that are higher than the original one that now the level to break out on a monthly basis on a closing basis would be about 34,200. So that's about 700 points. It's not impossible. It's a whole month to go April. And you don't have to close there. I just want to see and move over it. But close over 32,200 in April will be really good action. I'm not that sure just yet that we can do it. There's still a way to go. And that means you've got to cross the downtrend and the new falling exformation and the weekly chart. So let's just go on to the S&P and talk about that for a moment. The S&P had that falling exformation that it broke out of. It's got the one to one. Remember, I like to be very conservative. Normally, the actual statement I made initially when I discovered this was if, let me just show you the chart. So this is the end chapter of methodology. There it is. There's the falling exformation. Okay, move that away. There it is. Okay. So this is the pattern we look at. Your higher highs, higher highs. Usually it's in a D, E, or F. And then you start to make lower highs and much lower lows and pull back. And then all of a sudden, you find support and it turns around and this expanding, declining cone suddenly becomes a very positive because if it takes out that trend line, then you look at all the left side highs, that high there and that high there and that high there and that high there and finally 41, 95, 44, the high in February. So those become your targets. So I can say, oh yeah, we're going to 40, 4200. I can't do that because there's still some peaks in the way that you have to obliterate. You've got to go right through there. But it does say, and I like to do this in a conservative way, the one-to-one extension, if I took this and was just purely on my original concept that you should get a one-to-one chaplain wave expansion that goes in the same number of bars or in the same degree, angle of diagonal angle towards, and that takes you right to the 41, 95 level, maybe a 10 under it. I can do this right now. It takes you at 41, 92, 3 points below. But I don't like to do that. I have to go one step at a time. So we are still, we've broken that one. Now I can go to the trend line right there. And I can say again, next level will be 41, 55. All right, I'll keep it there because that's now active because we've already broken the first one. And that takes us close to the cup formation and how we measure the cup formation, the vertical line that I'll put in here, and I'm not going to do it now. But the vertical line that I'll do there says, is the MACD strong? Has it stochastic been running strongly? Is it on balance? If everything is deflecting lower, it says, watch out below. This just said, you know what, expect some kind of a consolidation when you get to your, in this case, it's still a leg D in the SMP. I'm suspecting it will go to an E. Let me just do this again for those of you who are a little bit new to my, my notations. This is leg C. We've made a new recovery high. That means you can't get a peak C until tomorrow if there's no new high above today's high. And that means that on Thursday, the last day of the trading week, we could get our D in the Dow. And then next week says, oh, now you've got to be a little bit careful. Normally, I used to, I haven't done it for a while. We would short at D, E, or F as I'm getting there, if the technical suggested. But you see, when the stochastic here would fail to get above 80%. And we went to D and said, whoa, be careful. But when you're at 98%, now you're at 98%. You are two points away from 100%, which has never reached. So this is fabulous action in this particular point. I don't want to get in front of anything. I took a little bit off again to get a nice, well, it was a 9% gain, a very short trade for our trading position in the Dow, the peak down. I'll be right back to cook like so many other things. That's down 30 PS, it's down 4.5. As of Chapman, I'll be 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. 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 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.com. TFNN Educating Investors. If you 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 Larry Pezzavento 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. 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger Stamp. Available to all tigers and tigeresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Hi, folks. I just thought I'd show you this quickly because I have people saying, hey, can you do a little bit of inside action there? So what we're looking at is, let me just show this on a bigger picture. So on my e-mini, S&P e-mini, I love to look at the confirmation. I always look at the left side, right side, price, time-match. That is price symmetry, number of bars on the left and number of bars on the right. I love it when you can get a plum line that is exactly in the middle. So right here, this is what we got right there, that little doji candle right there. So we got this at 5.50 this morning, went to a peak, e-pulls back. I should show the whole thing. And then it pulled back, made a beautiful bowl formation. Remember, the difference between a cup and a bowl is the bowl gets stretched out like a little doggie bowl and the cup is what you drink from. But what has happened is that we broke out, made another peak, that went to an e. This went to ABCD, e and even an f, right there, doji high at 6.40 this morning. And then I drew in a left side, right side, price, time-match. Now, I like to bump, I call it up against the Grand Canyon Wall. I go right up against it if I think that it needs time. And then I find a particular candle if I can't find the exact high point or low point. And then we go to the right. So this is what I did right here. I used there's my plum line in the middle to say this should be an equal thing. And I put an x in there and I drew a declining line and it joined all those lows. It happened to go one bar late, one bar late and at 7.18 we broke that level. And then we stalled. I was going to go lower down but I was busy with my newsletter so I actually left it there. And then I looked and it was peak ABC and failed, came back, retested. And then it finally went to the D because it never took out that left side low. That means you've still got an active. That means that this signal right here, right here, is active as long as it's not taken out. You've got to count each peak. Well, well what? There it is. So that means from there we can count that the final you got to your D. That was a measured move but I didn't put the x in because I was busy. And then it started to fail. And I thought, oh, I should. But I already, I didn't do it. I put the x in there. It came a little bit late. It came down. And then this trend line that I drawn in became way more important. And look what happened. It came down, down, down. It kept acting as support. And then finally it broke at 9.30 this morning and it bounced. Went to a peak A minus, pulled back. And then we had this fabulous move up peak A, peak B, peak C, D and E. And then it did what? It made this arch from, I didn't even have a chance to draw it in. I was going to do this while I was talking. I was saying, this is the chapter. We've dreaded H formation, which implies that, let me go here. And that implies that you're going to do this pattern. You're going to come down, make an arch formation, fade to the peak A or B. And if it goes to a D, it says you could pull back, but you're probably going to hold quite well just under the left side low. If in fact it doesn't do that, it can go one to one to the downside. That's called a dreaded H. Well, there it went to peak A, B and C and failed. And now it's done the one to one to the downside. And this trend line that you see the horizontal line, I did that days and days ago where I said, here's your horizontal line. This is your narrow rectangle formation. If it holds that and it bounces sharply higher, that's really above the rectangle resistance. That's great. But it's the midpoint. If it takes it out, you could go to the bottom. So this line is still important. And what have we just done? We've gone to, look here. There's a doji candle at 943. There is your vertical plumb line with that peak E high and pulls back and then it makes the dreaded H formation. And what is it? What is it done or doing right now? There it is. So this extended to the right. There it is. So it was, it's one bar late. And I love these techniques. Again, like Larry always says, Tom always says, these things just repeat over and over your techniques. Here we go. Look, there's the H pattern. The dreaded H further to peak C. Now it didn't go to a D but went to a C minus and it's the one to one. Now it's taken out this left side low. So I'd say to subscribers yesterday and today, even though the dial is still very strong and we are long, long and strong, I want to start taking a little bit off. And my next week, we might even start a short position. We haven't done that in ages, but that's the stance that we have right now. We haven't added to our positions at all. And I wanted to show you one other thing that I'm looking at here. Look how important the 200 period exponential moving averages. We went trough C, routed to the A minus, and we've come right back to 5, 4144 right now, right on the 200 period moving average. This should become a little bit of a magnet for the moment. I've got nothing on the left side. It goes back ages before I can get to that level. So I'm saying this becomes really important. And I think we're starting to stall out now. So you've got to be a little bit careful. I'm looking at, okay, look at the same thing here. Was it in Q? In QM 23. Look what happened. Oops, I typed it on the chart by mistake. In QM 23. There we go. Look what happened here. You go to a peak D in the last move up. Remember D is where this is the objective. When the technicals are strong, you expect the peak D to unfold. That's where other things can happen. Boom. You're making an arch formation in the NDX. And look what happened. I use a phantom peak. I call it a phantom peak. Sorry. I call it, in this case, phantom peak C. So we've got peak C. You went to a peak D and you pull back in the NQ 10-minute chart. Pulls back. The technicals are still holding very well. Then it screams up to peak C. And it can't get to a D. It just misses it. It misses it either by a quarter point or within a fraction. So I call that peak C1, C2. Then I look at the measurement of what happened on this high here and what's happening on this high. I say, uh-oh, problem. Look how weak the stochastic has become. Look at the MACD turning around. So what happened is you get an automation comes back down. I'd already drawn in the X as a measured move from the left side to the right side. It got to the exact 10-minute bar, popped up once, and now you've got maybe a possible Eiffel tower. It means sometimes, especially when it's news-related, you can get a spike to the upside and an immediate spike down after peak A is made, and that becomes an Eiffel tower pattern. It doesn't have to, but that's what I look at. If an A fails and takes out a two-thirds of the rally, which this is down, that 200-period moving average of 13,243 is going to be really important. So we're trying to bounce off right now and see what happens. I just thought I'd show you some of the things that I like to do live. So the down's down 80. Now this is going to be important because look, you've got the QQQ went to a peak D, pulled back yesterday, and today it's made a little dodgy candle at a leg D. Now the big question for me is is this going to be one of those times where the you don't get a leg C. If I missed something in the Chapman Way methodology and the dow, I mean, really, it can happen. Is there phantom peaks somewhere? No, there's nothing. Look, the high, first of all, 31,429 was the low. On the 15th of March, we went to peak A, pulled back. We went to peak B, pulled back. And each time, at the exact level, we've been adding and taking off money and with stops every day. And now we've held this for quite a while. Over a week added, we've taken little bits off. But yesterday's high was 13,630.90. Today so far is 13,060. 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At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8.30 a.m. to 4.00 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 So, Don, what's the difference between an Eiffel Tower and a pyramid? They actually do the same thing except the Eiffel Tower is usually just a single leg up and then straight down. But look at this. This is natural gas, 10-minute contract. It went to a peak A pulls back with two bars, one bar actually and then screens up to about 2.17, 2.16 something and then comes all the way back. So it does look a little bit like the Eiffel Tower but it's more like a pyramid. Look at this beautiful left side, right side price-time match. This is bar symmetry right there. It came right back to within a penny and that's really important. And now let's try it around here. It's made an arch formation dreaded H and this is the first dreaded H. This is the second actually this is the first second, this is the third. And after the third you sometimes get a bigger move so this better be a move that takes at 2.08 right now instead of going to 2.07. This needs very much to try for 2.11, the 200p moving average of the 10-minute chart. So okay, with that said, gold. Oh, look at that, up 39 points. Like, well, I think there's peak A and this is a B. Is this going to be an Eiffel tower? I don't think so because that was the low right there. So that 200, look how important this 200p moving average is in the 200 in the 10-minute chart, the gold contract 1994 1995 95, 95, 95. Okay so then this is look at this peak A right there A B C. So this C1 and this is that phantom peak C2 right there. Didn't take it out but it looked everything there was matching like a D should be and there was a little hiccup to say that in the unbalanced volume to say yep you can count that and now we've got a brand new peak A. Now what I like to do because it never took out that low, I do say this is now a D slash A because it could fail, you don't know what it's going to do but it just did right and then the next one is an E slash B right here if this is only a B we're going even high, if it's an E you should start to see within 30 minutes 3 bars moved towards 2032 taking out 2030 support. So far this looks very good, look at the way that 1-minute chart is holding, look at that brand new peak A, B, C there's a D. So we've got a couple of these things done so you understand how I use my technique now let's do a couple of other things we're going to go, I'm going to just put this back because I like to just always have it there yep we've held oh, this is a Chapman-Roman candle in the 10-minute chart of the E-mini if it starts to trade this is a 10-minute bar, so if it starts to trade for 2 minutes a little bit more extended than that below 4145 then we're probably going to test the 41 well, 4145 well, 4146 under 4146 then we'll probably break the low that was made right here 414350 and test that 200 period moving average again if it closes 2 of the next 3 bars above the high of the bar at 1030 415350 that's going to be good and say okay the next level is 4156 and a half which is the 14 period exponential moving average and the daddy has just turned up, it hasn't turned green yet, still red so it's leg B it's a bi-signal but no bi-mode at this particular point alright we'll come back, I like to show these things live it's just really important for me that more people understand the Chapman-Roman methodology methodologies alright so this is what I wanted to show you look gold so I wanted to show you the pattern a moment ago of the, was that the, what was the one that failed in that arch formation and then broke down there, that was the NQ, so look we've just done the opposite, we made the H pattern peak A, we pulled back held the left side low we made another rally and then held the higher low and then bam we've just broken to a leg F, now I was just about to say to you I did, I said earlier on, look silver's breaking out, gold is stuck with, it's trapped within this little corridor, sideways move to the downside and trapped with the upside of 2000 about 30 34 and the downside of 1950 well that's gone because we don't even have to close it, we've broken out to say this is probably an F, it could be an F slash B because the MacD is good, the 90s over 14 and the stochastic is still at 73%, it isn't at 80% but it's holding very well and the weakage art is still very strong so I don't know what's happening to make gold do that, let's just have a look at Crudall, is Crudall spiraling higher, something happened and was there, oh there was a report factory orders and jolts down alright well factory orders so what I've been talking about for some time and I have no idea whether I'm going to be correct my analysis of all the spectrums that I look at whether it's Sintas, whatever I look at that is involved in the general economy, he's saying that at some point in the next within the next month and a half, two months, we should start to hear some really bad job wise news that's just the way I'm looking at it in terms of what I read and what I understand, what I see just locally looking at all the stores that have signs say we give great benefits come work for us and here just locally in the Boston area the MBTA says we've got to hire another 120 people, hire another 20 people, you haven't got your act right for the decades that I've been here money just goes out the door and they order these trains from the same manufacturer that's made the mistakes with the doors and they're jumping off the rails and they keep ordering the same thing whose cousin does the contracting, anyway all I can say is, yeah there are jobs but there are in certain areas and very selective but my thinking here is that there are going to be cutbacks and that's the reason why the robotics area I think is being very strong because you're looking at companies starting to say you know what we've got to be more involved with robotics if people aren't coming to work we're going to have to use that anyway so let's get back to our chart, Crudall is above the 200 period moving average with a huge gap in the 77, 76 to 78 area, will it be filled I think it will be filled but it doesn't have to be fully filled that's not the issue, the issue now on a second day, remember my rule of thumb with the gap up and what happens is you've got a couple of days, if it grows to a new high the day after the gap and the day of the gap it doesn't the gap the price remains within the high and the low of that first initial thrust to the upside or downside if it takes out in this case the high that's a good sign especially if it hasn't taken out the low then you've got three sessions because once it takes out the high you've raised the base of support to the low, in this case continuous contract low of round number 79, round number 79 and the 200 period moving average right now is at 80.39 and you're at 80.79 if there is a close above left side highs of significance that's a whole cluster of highs that takes you to the doji candle high that was a pd and then a retest 83.02 83.02 85 83.10 area if there is a push above 83.10 in the next few days this crude oil could stay up for quite a while if in fact there's a close by Monday or Tuesday underneath yesterday's low of 79 that says you know what it's a one-time thing the price can still remain high but the actual initial price 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 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 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 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.com TFNN educating investors iotech 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 Direction Investments.com slash Biotech today an investor should consider investment objectives, risks, charges and expenses of direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact Direction Shares at 866-4767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders 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 down 122 one of the reasons why for us a robotic stock that we have for subscribers to an opening call we actually wanted two positions we got one position and it's done really well and I said to subscribers we're going to take something off today we just have to do that so early morning prior to the open we took something off and now it is down about $1.24 up it's doing it really nicely but I'm getting to the point here where I think that you've got to be a little bit prudent I don't know what the reason is right now for the gold spike and silver spike it's going to be something that we cannot ignore so the question came in AI I've seen the stock go by on the ticker very many times AI and it says c.aiink and let me just see c c.aiink does the leading enterprise AI software provider for building enterprise scale AI applications accelerating digital transformation so it has something to do with the building and operating enterprises so it had a fabulous move I mean this is the stock that was down in the tens just as we were going into years end and then it spiraled to yesterday's high just under $35 with the doji candle so the the count that I'm looking at here is this is a I'm almost sure my eyes says this is the low 20.16 I believe I'm right 20.31 so this is the high so this is the low therefore this becomes peak a right here this becomes b and this becomes c with a stochastic 91% and the MACD good but that was a peak and you see these cup formations how it went to peak a this is underneath the sub pattern and then it pulled back even deeper v and then it was a b- because it went to a low low you see the way that you got the uniformity of these cup formations and if I drew in a left side right side price time match in other words bar symmetry let me get that right while I'm doing it there it is if I do bar symmetry here this will be green that will be red so let's just do that new parallel and that's going to be green then I've got to consider that it could be an alternate count and that's where alternate counts to the exact bar you got a cup formation it's a W2U and then it goes to a higher high I used to have a nickname for this I can't use it anymore but in the meantime what we're looking at is that it looked like eye glasses like reading glasses right it went exactly to that point and the doji candle and today pulls back it's down 7 down 20% at 26.86 it's still looking fantastic way above the 1985 200 period exponential but this is where I say okay that is a continuation of that peak F that could be a G a final move to the upside it could also be a C so I put that in and I say okay we don't even have it so I don't have to do anything other than say just treat it as an experiment in notation it did everything that you were looking for when you had used a moment ago to match with the cup formation and that's usually where it pops up if the technicals are still good and the technicals are still good right now so I don't know what it is spool the beans but wow I mean it gaps down from almost 30 up in there 35 yesterday today it's at 26 32 round number high somebody must have had some news and trading at 26.71 right at the low so this is where I'm always careful and that's why I say wait a minute if you have an alternative oh you could go up but you could also go down no it says I'm being a little cautious here because I'm saying doji candle price movement that is an exact match therefore you've got to be careful here if it's a C you could pull back and then make a D that's fine but this is where I would have said if we were fortunate enough I would have said take a little bit of money off the table because you've got to doji candle everything's good but this match says just be a little careful alright but it's still a leg B in the monthly chart alright enough with that I want you to look at a question came in about what was it a gold G-O-L-D gold is Barrett Gold used to be A-A-D-X wasn't it something like that so now what I'm looking at is so many of the charts of this beautiful pattern of the left side, right side price time match this is what I call the ah look at that but I wouldn't go to the low for my time match I would go right here if you go to this low right here at this point it looks like you're going to get there much much sooner you know what I guess I didn't even know it was there I would say I'd be looking at this high I love the arch high in the H pattern because you can use it very often either on the upside or the downside as the price match so here we go gold is trading at 19.5 up 70 cents and there's your left side there's your right side and that'll be green and you don't know whether it's going to hit or not so you put it in so here we go oh mouse is a little too sensitive there it is put that in right there then I take the chaplain wave inside where it's target repellent line and there it is and I move it up and I try to match where it would be for that particular level so I'll just put it there for now I'll have to change it later on that's where it would have been if that was correct so there it is oops one more to the right there there it is right there okay and that says you should get to 20.19 by the next of March well this is the second trading day and it's at 19.52 so those are the techniques that I like to use this is excellent action it is a leg E and you can do that with many of the charts someone asked me could I do royal gold royal G, R, G, L, D royal gold whoa that broke out this is spectacular this is royal gold I believe it's a royalty company I typed in royalty just as I remember it and here it is and a powerful leg E breaking above the left side price oh goodness I had already drawn it in and it broke it this is to the day no it was yesterday it's one day late and it's broken and I've already tested the high that I measured from the 25th of January at 131.89 and yet it is 134.42 something's going on I do not want to dismiss this as another one of those spikes because of the XLF but let's just see let's go to the XLF the financials down 28 and 31.93 we've got one segment left we've got a couple of questions coming in I'm going to deal with them as soon as I return Baselchapen does down 131 Especies down 11 we'll be alright that's it our backpack is back we've got 3 loading 4 backpackers for more than 20 years with live programming hosted by a variety of professional traders during market 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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. 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. So I know that down 130, I mean it was up 300, it was up huge over the last couple of days. It's just nothing at 100 minus 130, and the S&P down 10. But that's not the point. The point I'm looking at is, look, I've been talking about this for so long and I keep waiting for it to get better. But the financials, you see this H pattern, the dreaded H pattern in the monthly chart, you see it in the weekly chart, you see this huge pattern right here at a peak D turnaround going right through the 200-period moving average. I need to see some repairing in the financials. I need to see that. I need to see that there are some of the banks that are, I mean, look at Bank of America. Bank of America, just down in the 27th area, JP Morgan, a very fine bank, a dreaded H pattern. Something needs to happen. I can't get just overly bullish until I see the financials stabilized. But there are some sectors that are doing well. I got a little cautious because the estimators have stalled, they usually need another stalling. So I'm just looking at this and I'm suggesting that within another couple of days, coming into early next week, I think we might be making some kind of a shorter-term top. And that top is going to be really important on how much, if we see certain factors and I'll talk about in the next two days come together, it could save the day and it's just a minor pullback. I don't want to see something that takes the financials down even more at the same time as the semis start to work in a way lower. And you've got the leadership rotation which says now the Dow 30 is holding up better than say the Q's and the S&P. I like them all to be working in unison and right now they're absolutely not. So with that said, it became a little cautious loving these big spikes in the upside, not the point, the point is we get into the notation the Chapman way that starts to say be a little careful. So with that said, I'm just going to wrap it up. Hang out with some great Steve Bros. I'll be back with Tom a little later today. Great programming, dear Fernand. Check out the Den. It is really terrific. And I'll be back.