 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes call now toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes. Good afternoon folks Steve Rhodes come on I'm sorry about that welcome to the March 8th yeah it's the March 8th the terrific Tuesday edition of today's Trader's Edge show I'm your host 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 is having a great day hey let's make sure we have an extraordinary one and the easiest way to do that well 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 ship well 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 we're going to go check on the circumstance of these markets we'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at just past one o'clock in the afternoon I do want you to know I'm absolutely grateful for your presence here but more important than that that's this during this next 60 minutes I'm here to serve you so feel free to pick up that phone you can dial on in 877-927-6648 if you can't dial in hey we've got you covered there too they can always let your fingers do the walking that means go ahead and shoot off an email to me send it to Steve at tfnn.com and inside the subject hitting please put radio show question and definitely send it off early you know with ISPs and so forth you might send it up at a quarter to four and I might not get it till five or quarter to two and I might not get it till the show is over even five to two so send it early if you would and of course you can always shoot me a ping inside the Tigers then all I'm going to get used to that so hopefully I'm able to see each of those but would certainly love to hear from you so let's go ahead and get this show started on a terrific Tuesday of course this is Tiger Financial News Network I'm Steve Rhodes welcome to Lush Show right now get all the USNC's trading to the upside the Dow's up 578 points that's one in seven tenths one in eight tenths percent to the upside the same really for the S&P which is 72 points the Nasdaq two and a half percent 331 the Russell's up two and six tenths or fifty one the semis up 165 that's over five percent move to the upside trend is up 327 spot politics is still above its 50 day exponential moving average is printing out a 3285 gold's up 3570 2031 is the print their silver up 94 cents 2660 lights we crude is up 350 12293 is the print their lead the charge dollar wise the upside 153 bucks or 8% is booking holdings good good move there Google's up 92 or three and six tenths percent Tesla 41 5% SVB financial 41 bucks 8% to the downside Indonesia Energy Corp of 22 bucks 37% Shopify 20 bucks 3 and a percent intuitive surgical 15 bucks 5% Barclays Bank of 22% or $14 the downside Deco Knox is off 11 bucks that's about one and a half percent so kind of muted compared to the others so let's begin to hear the first question coming in is from from whoops is from Peter Peter in Park City I believe that Peter says can you get Peter can you take a look at the equity futures and so let's start there so with regard to the equity future contracts will do this a couple of different ways here you're going to see the black screen and I'm going to try to get set up on my other screen out there if you will sorry about that but here you're looking at the equity futures right now Peter and here's what we know in the lower left hand panel you'll see that the yes many tested and rejected it's a profile below the profile bottom profile 42 58 so a key level of support is sold a price were to close below that that would signal least to move to test or should move a signal move to test the low from February 24th perhaps even take that out where's the yes many added to well it's still trading with inside that swing point from February 24 so it's not like this is a any any type of significance here other than just a nice rally at least at that stage now price close about 42 90 where does it head to next where would head to next is not much higher I wouldn't think much are that would be the oscillator and change line it's on a different screen that's at 42 83 no can't be 42 well let me let me I can't say it can't be let me just look at another 42 83 we're talking at 42 83 so 40 f 42 90 close about 42 90 would be a positive and could even signal then move up to that descending trend line or really the center area of its profile in the 43 69 level so we don't have that signal just yet but at the end of the day that's what you'd be looking for there Peter close about 42 90 if you look at the NQ it's neither tested the swing point from February 24th it's still trading inside it there is no profile there so with regard to the NQ I'll have to switch to some other charts we'll get a feel for actually let me do that here while I'm still I've got this screen up let me just change to a different screen I give you where the oscillator and change line is for the NQ and that is well we're not trading too far away from it either so the key level of resistance for the ES is 42 80 42 83 for the NQ it's going to be 13 683 so 13 683 is the number now if you close above a red oscillator and change line which is what they are you don't see those on the screen here then I would say there could be more rally to come we'd want to go take a look at the interday charts and we'll certainly do that with regard to the Dow the Dow has rejected the swing point from February 28th it did close right below the bottom of its profile yesterday 32 745 so if we were to close back below that today that would be a an indication that really it should go test and maybe take out that February 24th swing point you don't have that message prices trading into resistance and resistance here is its oscillator and change line which is currently printed 33 382 it were 33 5350 so we're not that far away now the Russell 2000 is a whole different animal why is it a different animal it's a different animal because it's already trading but it's red oscillator and change line and that would suggest to us that it should go try to target its descending trend line if we're to do that move today and I'm not saying that's what it's going to do it's in the area of about 2055 it would be a lower about 2047 or so tomorrow but that is if price continues to not say if it closes above 1997 40 that's not where the oscillator and change line is but that is the swing point from February the at 24th that would give you the signal that it should move to those higher ground levels now let's do this here we're going to go ahead and change screens give me a moment to do that she screens screen why I want to let me do that I guess I have to stop streaming maybe so let's try that and it will come back how the stop streaming go out it's weird okay so screen sorry about that folks just getting a little bit used to this so here get over to the screen and it should be this one so we should be okay now we should be seen hopefully yeah it's the four daily time frame so I'm going to switch from this out here and now let's go to the ES mini and its multi time frame chart so it's going to take me just a moment to get to that will populate it shortly and because really looking for any other signal some interday signals as to what the markets are doing so now we've got that eight panel screen out here so now you can see the oscillator and change line and that's really the resistance level or a resistance level for the ES mini as we look at a 30 minute time frame chart out here what we'll see is that earlier this morning at 12 o'clock well like I said noon we have a TD 9 count bottom that form and prices above its second TD 9 count breakdown area so that is a positive and when you break up above one you typically go to the next one broken above two your questions should be where's the third one Stevie the third one is at 43 21 so 43 21 is only going to happen if we see a close above that red oscillator and change line that's at 43 82 42 82 42 82 we'll be right back 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 what's separating you from the most successful men and women on Wall Street that's right information having all the information gives us the perspective we need to place the right trades at the right time the TAS profile scanner is the premier market profile based scanner powered by its acclaimed TAS proprietary algorithms this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex this powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen for a limited time you can save $100 off your first month by using the promo code upgrade and you still get a 30-day money-back guarantee so you have nothing to risk level the playing field with the TAS profile scanner which you can find under the services tab at TFNN.com sign up today 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the ES mini out here and so really the next so you've got the daily oscillator and change line 4284 or so as a resistance level above that on the 60 minute time frame chart you got 4290 teeny 9 count breakdown level last night it was the 120 minutes you two-hour chart that generated the bottom signal is wave number seven that's courtesy of the Basil Chapman wave out there although that's not really the entire Chapman wave we can see that price is running right into resistance so I think the real key resistance level since this was the only chart time frame that had generated the bottom signal last night granted you do have a teeny 9 count at 12 noon but if we take a look at two-hour time frame chart we can see how price is dealing with the resistance level at the top of its barestructured profile and that's up at 4267 to call 4268 so price is able to close with 4268 that would be signaling to us that we should see a continued move higher so that brings in that 4290 level that brings in 4321 it would bring in 4306 those would be your next battleground levels should that take place let's move from the ES mini and change over to the NQ out here and see what it is doing so the NQ's message a little bit more difficult to gauge because of a lack of it bottom of its daily profile which is prices below that you can see here that on the daily time frame the oscillator and change line that is printing exactly right now at 13682 that's your next real key level of resistance now on the 30 minute chart we saw a teeny 9 count pattern for the ES you don't have that here in the NQ but we do have its price taking out resistance it's a 9 count breakdown level the top of its profile and so on a 30 minute chart this says the next potential upside resistance level is 13879 now it's got to clear through other areas in order to be able to get there such as 13694 that's the teeny 9 count breakdown level on a 60 minute time frame chart 13753 that would be the top of the profile in the 2-hour chart and you did get wave number 7 yesterday or earlier this morning at about 3 o'clock this morning you did get wave G wave number 7 out there so the resistance to and that's really which form the bottom signal here is 13753 the 240 minute chart now you didn't get a bottom signal there necessarily so 13753 is a real key level of resistance out there so Peter I hope that helps out helps you out with regard to the review of the equity futures we can go back to these and others but let's go on to our next question out here this next question come in from my Nicholas Nicholas wanted to take a look at the SMH's so let me let me see if I've actually got that there's two questions that come have come in let me see if I've got one of them already queued up here with charts we're gonna go to our eight panel charts out there which everyone pops out good it is the SMH's okay so the question from Nicholas is what do you mind going for that mate he's gonna catch the replay okay perfect so to take a look at the SMH's here's what so semiconductors have in a big rally right was up about well as we speak right now semiconductor index is up a 5% so if we look at the daily time frame chart out here for the SMH's what we can see is prices still below the oscillator and change line Nick so that first level resistance or key area of resistance is 256 and change says 256 18 right now that'll just call it 257 if price can close above 257 that its next resistant level would be the bottom of its daily profile that's a 260 13 that is a real key area where the SMH would need to close above to suggest that there would be even a further rally up to 270 15 so one step at a time to 56 and change called to 57 then 260 and then 270 as we look at the shorter term the interday charts out here you have a nice rogement to indicator bottom on the hundred ninety five minute chart it has a new profile that formed as that as that confirmation that rogement to indicator confirmation was occurring this tells you there's resistance at 260 63 269 62 the 130 minute time frame chart from the TD 9 count bottom price above the oscillator and change line this suggests to move to 259 87 your price can clear 259 87 you're looking at 266 74 266 17 on the 65 minute chart you had a TD 9 count bottom this suggests price targeting 257 89 is TD 9 count breakdown level I'm sure there's an a to b equal cd to the downside on a 30 minute chart that was confirmed this morning with a bear a bullish engulfing candle this suggests the resistance levels 257 555 out there so those are all your battleground areas depending on the time frame that you trade or even if you're not a trader you're trading a longer time frame at least you know where those battles are and you can take those off as price gets to those area of course what you'd be looking for from a long position is for price to clear those resistance points so that was for Nicholas thanks so much for writing in let's go to our next question out here it's the only one that I also have in the queue this is from John oh and John says hey Steve I picked up ten shares of Amazon this morning so let's get these charts here flowing over to Amazon AMZ and is the ticker symbol let's continue reading the question shocked and surprised it got filled he had it down to 2677 my goal when I bought it was the target of 2950 which it touched less than two weeks ago 2950 so the question is do we see the roads meant to indicate or a 9 TD 9 count pattern or anything else maybe that's going to get in the way of that taking place so we take a look at Amazon here is what we know we know that it has a TD 9 count pattern that formed the bottom on a weekly basis that was back on January 28th that level was tested I'm going to go off screen here just to see now it's only Tuesday so it makes it kind of difficult to really come up with a good volume engage but what I can at least share with you John is that the volume on the swing point that it was testing the one that began January 24th that volume was 24 million you're only a day and a half in and we're at 7.4 million shares right now so you got to do kind of the straight line math you'd be looking for a test of that swing point on lighter volume if it's not on lighter volume that says we likely get back down and test that again so I haven't done the math to know if that's the case I can share with you on the daily time frame that this was also testing that swing point now this is on a daily basis that's a swing point from January 24th on a daily basis the just wing point from January 24th had volume of 7.8 million shares today we're halfway we're four hours into the trading session and you're at three million shares so three million versus 7.8 on a daily basis you're going to reject the bottom that swing point with lighter volume okay so that helps us there is a roadsman to indicator signal that's been triggered but that needs a bullish reversal candle to confirm that pattern regardless this would suggest that what Amazon is likely going to do is go target the 2908 level now you're talking about 2950 2908 is currently the red oscillator and change line and that really would become its next target now that's on the daily time frame John if we go take a look at some intraday charts such as the 195 minute you'll see this form day TD 9 count bottom probably a I don't know if it's native equal CD but certainly TD 9 count bottom this suggests that price is going to go target 2870 or thereabouts that's its red oscillator and change line above that 2918 would be a level where you would have a battle that's the bottom of that profile for the 195 minute time frame chart so you'd really want to watch what takes place there if price gets up to that level you have a TD 9 count bottom on the 130 minute chart I don't see a bottom signal on the 65 I don't see a bottom signal in the 30 and I'm not really going to focus too much in on the 15 minute chart up here other than from a 15 minute base this shows you actually the weakness here John in Amazon so even though I don't have a bottom signal here we do have its breakout bubble which was at 28 16 58 and on that last bar from 15 minutes ago the bar that ended at 115 that is exactly where price ended so you really want to see price close about 28 16 58 steep roads with TFN and we'll be right back having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tigers then trading room only at TFN and calm the Tigers then is an exclusive trading room were successful traders from around the world come to exchange trades and ideas join the Dan and surround yourself with these sharpest minds in the trading world subscribers to the Tigers then are also the first to have their questions answered live on air and can privately chat with our TFN and host live during their shows interact with other Tigers 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from 830 a.m. to 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor you were born to be TFN educating investors TFN and is excited about our new software charting program the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any traders methodology using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs ABCs butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com 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 welcome back folks so that I had said you know we were gonna take a look at the 15-minute chart for Amazon and then we did and then I've opened it up during that breakout there and I'm glad that I did so as we take a look at the short-term time frame chart here and that's in essence I think really what John is also kind of looking for out here so it's a 15-minute time frame chart we can see that since 9.45 in the morning on March the 3rd that since that period of time we have not seen price close above the top of a 15-minute profile each of those levels has been resistance that was until 12.45 this afternoon so that's a slight positive that was a barestructured profile you're looking at a lower right-hand corner but what price did though was it got up and it tested and rejected its breakdown level that's at the 28 1658 area and certainly price has not been able to take one of those areas out so that would really be a clue to you John if price can close above that TD9 count breakdown area out there that would be the first positive and on a short-term time frame chart that you would be looking for and if it doesn't happen and this is just a short-term trade out there then you may want to take your profits it may want to just simply take your profits out there 2677-27 you know it's 100 bucks or so so that's what I would be looking for during the day now what I'm also going to do is we're going to switch off of these charts here when go to those black background charts I'll do this as quickly as I can I'm getting somewhat proficient at that but that's kind of an understatement and now we get to this black background schemes you're also going to see some of the trend line so on a daily basis you can see trend lines that price close below yesterday often and that would that should have been or could have been a level of support when you break through something should have been level of support the question that you and I would ask is that become a level of resistance now 132 in the afternoon the answer that question is yes so you can draw those trend lines in as well they're just short-term trend lines but nonetheless those are other things that you want to be paying attention to and on the weekly chart up there you can see the large descending trend line that it has remember you have a TD nine count bottom that formed out here on the trading week of that began January 24th out there but what we don't know is a volume is going to be higher or lower than that swing point so that's the thorough review of Amazon John I hope that helps you out and the best of luck to you in that trade Richard C writes in well Mr. Woodward Avenue I gotta like that it's been a long time since I've been down the Woodward Avenue there's just be a great hamburger place that was in Birmingham I think it was like on the outskirts of Birmingham it may be Richard you know Ricky maybe you'll know about that your Shelby Township so that's cool called red coat tavern I guess I could probably look it up online and see if they haven't been there for probably 40 years but that used to be the place to go get a great burger out there but any event you guys didn't want to know about that it probably Rick I didn't want to know about that but his question is I sold shell CVXXOM and MRO this morning okay bought these stocks in November nice and it's been a great ride yes it is we'll miss the dividends I think we're near a top in oil so you bought GSK and SOXL so a high oil price is just ahead just lead to lower prices well let's go take a look at crude oil we're on the black background charts so let's do this here let me get to their multi-time frame charts and see what kind of information we can glean from those and then we'll go ahead and switch over I'll get those going on my other screens are certainly attempt to do that I don't know if I've got the oil charts open but I don't oh I do okay good so we're good so as we take a look at lights we crude Richard now you're you're basing your decisions and I like this with regard to those equities based upon what you see taking place in crude oil so when I take a look at crude oil so there's a brand new profile that's attempting to form it's attempting to form if you look at the symbol in the upper left hand corner you're gonna see it's not the typical symbol right now it's the April contract that we're trading in a lights recruit you would see clj and 22 out there but I've using my synthetic version of the oil contract because it helps me to be able to generate certainly other profile levels out there and this gives us our advanced Doppler profile area so there's new profile that's attempting to form at 1837 what I won't know is whether this profile takes hold or not I will know it's 601 this evening so we will know tomorrow Rick but assuming that it does take hold and what you need to see is you need to see a close below 1837 at least get below resistance now when new profiles form and they form below price that's a bullish message it remains bullish as long as price stays above 1837 you can see that there's no other profiles here that are coming into play weekly a long time ago price has been well above that it's above the monthly it's above the quarterly out here and this is suggesting if we just take a look at from high to low now this is the continuous contract versus the synthetic version and we've got it from the highs in 2008 and on the continuous contract that puts us in a 147 27 I don't know if that's what the actual contract at that time that was July that would have been the August 2008 contract I don't know if I actually can even pull that up or it would take me well even if I could and so but if you take a look at from that high to low the $40 a minus $40 low we're above the 0.786 retracement so if I combine the daily profile level which price is trading above that's a bullish message by the way not a bearish message then this suggests that we're headed back to it's all-time high so that's what I see when we take a look at that now we're going to go ahead and we're going to change screens we're going to go over to my white multi-time frame screen out here and hey that was pretty smooth wasn't it yeah I think that was pretty smooth so you should be seeing that now in the upper left-hand panel out here no topping signal in fact if anything this is suggesting higher price because it negated a TD9 come from July of 2021 if we look at a weekly time frame chart there is no topping signal out here if I take a look at the daily time frame chart there is so wallah what this tells us is that first yesterday was a TD9 count top so what your what your your instinct is telling you is certainly dead on right but now what we're doing is we're taking a look at the technical patterns to understand where buyers and sellers are at so rick is absolutely right that we got a topping pattern or signal inside of lights we include yesterday the TD9 count now the cool thing about that rick is that a price closes above that high from yesterday yesterday's high was 130 50 then that's going to tell you this pattern has been negated and also say that you have a strong momentum move to the upside well steve oh what's it telling us now rick see how price is above that green oscillator and change line 110 27 that is a bullish message because that says we have a rising price oscillator above zero but we do have the valid top we also have the top of that new daily profile attempt uniform and so what that really gives us is a neutral signal so the neutral signal says okay steve if price were to close below 1837 does that change it from neutral to bearish no it changes it from neutral to neutral to bearish but not just bearish in order to get bearish and i'm really directly speaking here you'd have to close below that green oscillator and change line that's currently printed at 110 27 if we look at a 30 minute time frame chart out here i don't have a topping pattern that took place but what i can see is that price is just simply consolidating with inside its bullish structure 30 minute profile price came down if we and now the body of the candle is truly the essence of price the wicks the upper wick the upper shadow lower wick lower shadows are just the extreme emotions of that time segment that we're looking at out there and so if you take a look at the body of the candle you can see how 121 86 really held this support the 120 minute chart has a td9 count top that's the only top out there so here it is it's pretty simple you got to watch yesterday's high price close above that the net says do not be short you did get a topping signal but really what you have right now is something that's more neutral than bearish see roads with tfn we'll be right back are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clear water markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate llc today at seven two seven three two nine eighty three twenty two or email us at tiger at tfnn.com that's seven two seven three two nine eighty three twenty two call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only 37 in 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily smp biotech three times bull and bear etfs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv coming through okay welcome back folks sorry about that i have a little technical glitch i'm just going to communicate here to the production room so we're using utilizing a new tool that's really going to improve what you know how we interact with each of you so in the production room i have been sending you guys messages and what i get is at the bottom of the screen says messages fail to load so whether i do that through the host den where they do it but i just posted something to the tiger's den for example to each of you dinners that are listening just to ask if you had any requests i do have a couple of requests here from hector and patty but so just the production room guys you know just so you know what's going on out there in any event let's get back to the markets out here well you should be seeing out of the charts for conical filp c o p's a ticker symbol and this is a request from hector and patty and so hector writes in happy uh two for taco tuesday back at you my friend uh conical filps today setting up a shooting star time to bail is the question so it may have showed you that signal earlier in the day but that's certainly not the candle formation that is present at the moment so you don't have to worry about a shooting star there's no way that's going to turn it into a shooting star but a good question and you'd really need to wait till the end of the day 143 in the afternoon it's not really a great time to do that uh you also want to take a look at wfc so let's first focus on conical filps so here's what we know about conical filps first of all on a monthly basis looks like you're going to form bar number eight of a td9 count we do know that a td9 count top can't take place on bar number eight but you need not you still need bar number nine to complete so we're going to say that in the case of conical filps look like it looks like uh maybe not just yet however in the way that we get a confirmation of that hector and patty is by looking at the weekly chart so on the weekly chart last week was a td9 count completed pattern was a bar following bar number nine now what that tells us and we won't know until friday but on friday if price were to close above that high that high by the way is 100.34 we're at 99 in change right now but if we did get a close on friday about 100.34 that is going to say that that pattern is negated strong upward momentum move is still underway on a weekly basis and that says that we're going to get higher highs likely moving into at least april could be april or may the daily time frame today is also going to is going to be bar number eight or it appears it'll be bar number eight the reason i say it appears is because today has to close above the close of bar number four so to know if we're going to get bar number eight you need to see today a close above 98.04 if you get a close above 98.04 you'll get bar number eight you still have to get bar number nine that says tomorrow's close would need in order to get bar number nine and you have to do that to get at least a completed pattern would be a close above 97.41 so those are the two levels to be watching today and tomorrow well we can see today is that so far the push lowers but nothing more than a test even though it got through it again that's the extreme emotion the wick of the candle versus the body of the candle and it came back and it tested that oscillator and change line which is currently printed 98.44 not until you were to see a close below 98.44 would that suggest that price is getting ready to pull back to another level of support the other level of support would get you down to the 92.63 below that 89.69 below that 88.76 and below that 86.36 those are your battleground levels but is it time to bail look you've got a td9 count top that is likely to form by tomorrow would i bail today if price was above 98.43 i really have to see some short term signals begin to fail such as the 30-minute term that an erosement to mindicator top price pulls back to the breakout level of 98.60 gets below it for one bar creates a hammer candle you know it's trying to form a bottom there and back above that so it says it was a false breakdown so 98.60 would be a level that you could watch that guesses towards that 98.42 so you really concentrate more than 98.42 than a 98.60 level out here you do have topping signals for sure but all the levels of support profiles that is have held whether it's a 130 minute chart 65 minute chart the 30 minute chart out there so no i don't see it as a time to bail but watch the green oscillator and change line your next request was for Wells Fargo i believe wfc out here so let's get those fired up wfc i want to get that fired up on my black background charts here so just waiting for this to to load up here i have a number of things open i think this new system is hogging up a bunch of my resources which is slowing the process down but here's what we know about Wells Fargo and company first we've got an inside day today and your question i don't know what your well your question was okay perfect so with regard to Wells Fargo the question is has a cavalry arrived to buy the d-point of an a to b equal cd to the downside so you can see here even though i can't draw it in first Wells Fargo in a daily basis forms a td9 count top bar following bar number nine very next trading session price gets back inside the profile level makes a straight move down to create a td9 count bottom you get a basically a one-day move higher and it continues to make an a to b equal cd pattern so we've got the a to b equal cd pattern out here but of course it's really going to be dependent on which b-point we would use but here's the deal regardless of which b-point we use for an a to b equal cd hector you must get a bullish reversal candle from Stevie's standpoint to confirm that pattern we don't have that today this is the inside bar an inside bar says that the trend that was in place prior to that inside bar should continue well this is a trend to the downside without any kind of bottoming signal today should become bar number seven of a td9 count it does say you could get a td9 count that would form between wednesday and friday of this week i'm not guaranteeing that that's what could unfold out here on a short-term basis we do have some bottoming signals out here but no levels of resistance have been taken out of any significance on the 65-minute chart that level of significance would be 49 34 on the 30-minute chart that level of significance would be 48 58 so not until price closes above those areas would you get any form of a signal that there should be further rally that doesn't mean that the cavalry has arrived and that you've got a bottom signal but specific to your question with regard to the a to b equal cd down pattern there is no bullish reversal candle 149 and i i can't imagine that you're going to get one of those signals today and with it being an inside bar suggests that well as far ago is going to continue lower now we know that price right now on a weekly basis testing the bottom of its bullish structured weekly profile the bottom of that weekly profile is actually at 47 51 we're trading at 47 13 right now so at the end of the week if that level fails that suggests lower price we can see on the monthly time frame chart that price was able to get up to its td9 count breakdown resistance level now was at the 5404 level what that did was that sent price cascading back to its oscillator and chains on which had recently changed colors now when i say recently it was four bars ago this is a monthly chart so somebody might say well that's not too recent but from a bar standpoint yeah it is pretty recent now as long as that area holds 45 59 it tells you that's trading between support and resistance but it's still the monthly chart here would be bullish versus bearish as long as that area holds so really price is testing some key areas of support but they're trading just slightly below on that weekly side so no i don't think that cavalry has arrived i do hope that that helps answer your questions there hector and uh no other questions that i see so as long as i'm on i believe the white screen is it yeah i'm on the white screen uh haven't had a request for gold i don't believe have we so let's go take a look at goldilocks and get a feel for what's going on out there well we're actually going to go to a break but i'm going to put up the gold charts up on my screen out here i'll leave those posted you can see from a daily standpoint we're only in bar number seven to the upside this suggests that gold wants to continue to move higher we'll be right back sharpening your skills as an investor is like getting better at playing a 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