 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 morning folks. Welcome to the October 14th. The Fantastic Friday edition of today's Trader's Edge show. I'm your host E.B. 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 and let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is happening for us not to us. That's right. When you and I make that one little two by four shift whale 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 eight o'clock in the morning. That's right if you're listening at the normal time. It's a seven past eleven and thank you so much for doing that. We'll certainly make today's show as pertinent as we can for you. And if you're listening live well we would love to hear from you. A couple different ways to do that. You can give us a call at eight seven seven nine two seven six six four eight. Now if you can't give us a call but you still have a question you can send me an email. You send that to Steve at tfn.com and inside that subject and if you'd be kind enough to put radio show question and then of course if you are inside our Tiger's Den and why aren't you. But if you are well any ping will do. So let's go ahead and get this show started on fantastic Friday. Of course this is Tiger financial news network. I'm Steve Rhodes. Welcome to the show right now I got a bit of a mixed bag out there. You've got the Dow futures up nine points S&P futures back to Nasdaq futures up 21. And there are some future up one point over in Asia last night all markets mean and green three and a quarter points for the Nikkei to the upside eight hundred fifty three points nearly two percent for the Shanghai one and a quarter percent basically for the hang saying over in Europe this morning the Dax up 125 points in the foot he is up 62 gold is back $15 trade out at 1661 Silver's up 25 cents trade at 1866 Platinum is up six bucks copper is basically flat out there likes recruit up a buck fixed buck 56 she's trade out 8755 natural gas up nine cents 665 is the print there 30 treasures up nearly one point trade out at 125 17 US dollar index again there is a 10 minute delay on my US dollar index chart out here at trading up 81 cents trade out at 113 07 OK so you know what we'll do here let's do this let's just do a quick use use our market update our nine panel market update just give you kind of a good overview as to what different instruments are doing what they're communicating to us so we begin by take a look at the yes many that's in your upper left-hand corner what we know about that you'll see a yellow line at 35 71 75 that was the low of that bullish engulfing candle from October the third that had formed a by the D point pattern that is support yesterday price tested support the body the candles yes and surprise those wicks or shadows up or lower nothing more than the screaming memes of that bar so we take a look at the open the close and obviously we've got the high and low so that's level of support was tested there's also a new profile you and I looked at this yesterday that was down that profile level is that support that is at 35 65 50 so that too held now where we're at right now is resistance for that new profile so the sellers are lined up inside the as many at 36 93 the high so far today has been 37 15 37 15 so the key area out here for the ES many is gonna be 36 93 your price close above it today well you need a second close on Monday above it to that suggests that we've got a breakout but even if you get a close today it's a pretty good hit based upon yesterday's additional by the D point bottom signal as well as a roads meant to mitigate about so the black charts don't show those patterns but trust me they're there we'll take a look at them I'm sure on other charts out there does it matter if we've got two bottoming patterns versus versus one actually for the ES many the question is is it better to have three bottoming patterns and the answer is I don't know do one bottoming pattern basically works but you've also got wave number seven that's not shown here that's what was kicked into gear yesterday as well and as long as you don't have a lower low today that would confirm that pattern so a close above 36 93 once you get right to it Stevie a close above 36 on 93 will then suggest to run up to 3870 3870 is the top of the new weekly profile now the issue here or the the fight is going to be that spot ball until next which is still well above its 50 day exponential moving average the 50 day is at 2799 so even though we've got what looks like a bullish move out here there's still going to be a lot of battles and probably some rug pulls out here and that will remain in effect until that spot politics gets below and closes below its 50 day exponential moving average in the case the NQ on the NQ that yellow line at the 10 890 75 level was also the bullish engulfing candle from October the third now price closed below that on the 11th that was about four trading sessions going and then the following session as well now yesterday so that negated it's by the D point pattern yesterday's bullish reversal candle confirm both a by the D point and a roadsman to mitigate her bottom and it too has a new profile and the top of its new profile the resistance level or sellers are located is 11 231 75 support 10 733 75 so a close above 11 231 75 would suggest a further move higher that further move higher would take us back to the prior highs out here or should take us back to the prior highs in the 11 729 area and if price can clear that then you'd be looking and move to the 12404 area US dollar index that's on the row number two panel on the very left hand side you can see price right now is consolidated with inside its new weekly profile that's between the range of 111 to 1 1399 gold gold yesterday so here's what we know about gold gold was in breakout mode it began the breakout mode on October 3rd price closed above the top of its daily profile it then had a follow-through session and closed above it again that told us we were in breakout mode then on the trading day of October the 7th the new daily profile forms and it was below price which is a bullish message it's a bullish message the longest price stays above the top of that profile but that profile was also below the prior profile telling us of a trend to the downside out there well counter trend moves if it was just a counter trend moved to the downside would find support at the center of that bearer structured profile that's at 1668 80 in essence yesterday it did that now today we're trading below 1668 80 that always opens up the door for a run to the bottom of the profile that's at the 1645 level the old contract still has a titty nine count bottom that is an effect if you take a look at silver really trading built between trendline support and trendline resistance and consolidating with inside it's a daily and the weekly profiles out here silver right now may be testing that rising trendline needs to go further to the downside in order to accomplish that task can we take a look at lights we crude big wide ranging daily profile that formed this week it wrapped around the prior profile that is a that delivers to you and I a message of a consolidation and that is in essence what lights we crude is doing you got a nice buy the d-point pattern inside of natural gas but it too has a new profile resistance there seven dollars and one at the steep roads with tf and n would be right back coming inflation we are purchasing powers eroded there's no better place to protect your harder and money-thinning gold this the golds flagship asset is the monk cod gold project in the northern territory of australia this is australia's largest unveloped gold project we are talking a world-class gold project in a tier one mining district this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the gold just completed the mount cod feasibility study which resulted in a seven million ounce gold reserve in a 16-year mine life all of this combined with the approvals of all major operational as well as environmental permits this distinguishes mount cod as an attractive dearest pot ready development stage gold project this the gold trades on the new york stock exchange and the symbol vgz 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 found a tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom o'brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors 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 basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 folks let's go to our first question we've got three that have come in uh so we don't want to get behind on those and of course i'd love to hear from you as well folks 877-927-6648 or you can send me an email steve at tfnn.com and of course inside our tiger's den well anything we'll do just like gman who wants to take a look at the microsoft but we're first going to begin with the question that came in from hector and the fuel injectors and hector wants to take a look at the us dollar index which is what we've got up on our screen right now and the us dollar index is trading above all resistance levels hector's question goes like this happy early bird fantastic fosters frosty fosters friday that's a mouthful out there but back at you my friend two questions first we believe the king the dollar uh short term topped on september 29th is that valid so let's go switch over to my white background charts let's first answer that question for hector and patty white background charts here on a daily time frame are going to show that i'll just expand out the chart and this shows that on the trading day of september 28th september 28th you identified september 29th so uh maybe maybe we're kind of looking at the same day i hope but september 28th if you take a look at this daily time frame chart what you will see out here one you'll see wave number seven s letter g that could often be a top second though and more important perhaps is you'll see a roadsman demindicator top up there and so yes you have a that was with that bearish and gulfing candle so that sets up your resistance here hector and patty and everybody else in the audience out there resistance now is that high and that's at 114.745 the price able to close above that it negates that pattern tells us that we're headed higher so that was the first question is that valid the answer is absolutely second please work a 15 minute and 30 minute chart what time today will the king head south thanks to have a great weekend well now that piece of it let's go take a look at the short term time frame charts you specifically wanted to look at a 15 minute and a 30 okay well let's take a look at the 30 because that one i've got right here so let's take a look at the us dollar index on the 30 minute time frame what do we know about it well what we can see here is we can see an a to b we'll see the upside you got an evening star candle formation at six o'clock this morning that resulted in a pullback towards the saucer and change line which had recently changed colors it didn't actually hit it per se but you've got a bullish outcome here price closed above on a 30 minute basis that we came in eight o'clock above that cell the d-point pattern that evening star so that's bullish so what the us dollar index should do a hector and patty is go target is td9 count breakdown areas now the breakdown area that it's likely target is 113.415 that would be the level that you would be looking there's no pattern that i see out here at this stage of the game as price gets up to that level but getting to a breakdown resistance area can be a top so you'll want to watch the 113.41 i say can be a top if price closes above 113.41 that tells you that this is headed higher now we'll just change the 30 minute chart here into the 15 minute now the us center and change line is going to remain for the 30 minute time frame here so let's go ahead and get this populated i will that matter i'm really just looking here for some kind of a top so on a s i'm not going to be well let's actually do this correctly for hector and everybody else so let me give me give me a moment here i just have to adjust the oscillator and change line changes to a 15 minute time frame now here and we'll have the correct one so here's what we know about the us dollar index for its 15 minute time frame one this thing negated is td9 count top and it did that at 545 this morning even though that happened and it suggested a strong moment to move to the upside price bomb resistance at the top of a 15 minute profile pulled back and found support at the bottom of that profile you're above it right now but there's the threat here the threat is one you've got a wave number seven top that is in place and if i in the next eight minutes price does not move above 113 16 that would be a short-term top and you could get a bearish reversal candle here that would give you a roadsman dominicator top now prices dealing with and it's just above the top of that daily profile and it's above its green oscillator and change line hector and patty you know the game plan here price must close below a green oscillator and change line if you've got a top to suggest there's any kind of traction to the downside but don't forget 112 62 was already tested this morning held as support that is your key area of support if price can get below that on a short-term timeframe that it would target its breakout level again this is the 15 minute chart shows different patterns than the 30 minute time frame chart and then the area that you be watching is 112 25 so you need to see it close below 112 25 the td9 count breakout area to suggest that the king is headed south which is really what you were looking for so that's the 15 minute charts and the 30 minute charts here for the us dollar index and i hope that that helps you out now i just need a little bit of health keeping here let me get that back in order so that the next time when i come up with that chart i don't have to look at that as line and say what the heck is going on there so let's just change that back to a 30 minute time frame so again hector and patty thanks much ready then you have a fantastic weekend as well so i need to close this chart out and i need to make one change to my system with regard to the data so the data flow that i get from my white background charts um is uh that i typically use is coming from dtn out there but i don't i have not paid for the premium to get the us dollar index so i have to go to my e-signal data feed to make that happen uh and that just takes a uh quick adjustment out there and now that quick adjustment has been restored now we can get back to uh now we can get back to live program no just kidding so what do we have up there is a screen you've got the black background or the white background screens okay great so let's go to our second question the second question out here is coming in from alton alton writes and says good morning steve hope you're doing well i am thanks hope you are as hope you are too i got a question regarding platinum it has been in a has been in this trading range from around eight to nine forty for a while so let me do this first here first let's um platinum is the january contract if i'm not mistaken it's just off the top of my head uh you hate off the top of your head because uh you know top of your head you can make some mistakes out there and plus you know when you're balding a little bit that's not good to look at but platinum let me just make sure yet is the january contract so let's change these sets of charts here to the january contract for platinum let's see what pulls up and while that's going on i just want to see if on my black background charts i've got any of the platinum charts up um where do i i guess i do have yeah let me do this here no okay so that's that's not what i was looking for so with regard to platinum the first thing that alton is pointing out is he sees a trading range between eight and nine forty so with regard to platinum what i can share with you is the weekly profile levels which is really what i think you're identifying here alton even though you didn't identify them so so to speak as profiles you may not have access to them but eight thirty one twenty is the bottom of the bowler structured weekly profile for platinum the center is at eight fifty three ninety and the top is at nine twenty two thirty so i would say you're dead on balls accurate with regard to identifying that trading range and now you know that is the weekly set of profiles that are containing price both for buyers and sellers so now the question goes do you see it breaking in the upside to the upside regardless of what the dollar does thanks much for taking your time to answer my questions congratulations welcome the newest member to your family thank you that's been a good week for sure and a good one so now the question is do we see it breaking out well if we take a look at the daily time frame chart up here we'll try to do this we're about to go to break a breakout signal alton would come with a close above its td9 cal breakdown error that's at nine forty two ten nine forty two ten we come back to this chart we'll finish take a look at platinum for alton and then we'll go on to gman who wants to take a look at microsoft we'll be right back vistagold owns and operates the largest undeveloped gold project in australia the mount tod gold project vistagold just completed their feasibility study resulting in a seven million ounce gold reserve vistagold has all major permits approved and has retained civc capital market assistance in evaluating alternatives and in completing an 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a variety of professional traders during market hours the tiger's den available to all tigers and tigers is for just one dollar for the year there's no cash 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 look it back up folks so the during that breakout there the challenge flag was thrown on the field so we had to go to instant replay out there and the challenge was you sure steve that all that platinum needs to do is close above 942.10 in order to signal breakout and upon further review the answer is no that is not the case you see there is actually a td9 count top that formed here from platinum so that makes that high and that high is the high from august c11th out there all then that's when you want to be paying attention to and that price point is 975.50 now your question was do i see anything to suggest this going to break out the upside of the downside and the answer is no i don't have that but if price does close above that august 11th high then you'll have your answer that price is getting ready to break out to the upside out there so i hope that helps you out thanks much for taking the time to write in and i'm glad that i was able to pass along the proper information to you the next question coming in from gman and gman let's take a look at microsoft msft is the ticker symbol no big day yesterday for microsoft and really most every instrument out there not every instrument but most every significant instrument out there and microsoft is no different now what microsoft didn't do technically speaking is generate a bullish reversal candle to confirm that a road's meant to mitigate her bottom out there so and what microsoft is doing as you can see right now gman it does have a battle up ahead and that battle is going to be the bottom and the center of its daily profile now in the pre-market right now and as of 831 in the morning let's see where microsoft is trading msft last trade firing up at 233.99 so the key level the key battle gee man that microsoft needs to deal with is going to be those profile areas the first one being 237.13 the second one being 241.08 241.08 is really the key area that you'd be watching the reason is that was a bullish structure profile if the move in microsoft is something other than a countertrend move to the upside then price will close above 241.08 but if it's not that's where price will find resistance now if price can close above 241.08 you then have another battle and that's at 246.34 and then if price can close above that then the real fireworks will begin at 260.40 that's the td9 count breakdown area and i suspect that's where the real resistance would reside inside of microsoft now on a weekly basis the week will end today duh great news there's tv bar number eight is likely to form today in order for bar number eight to form today price must close below i'll give you the number 244.74 now odds favor that's a likely outcome but even if that does happen out there what uh is likely not to happen well i don't know if it will or it won't but next week what price needs to do in order to 4.18 td9 count bond before on a weekly basis price must close below 237.92 now is there an a to b equal cd to the downside that a bullish hammer candle such as the one that's shown right now but will not be confirmed until the end of the day is there an a to b oops where'd that come from that was weird uh here's the a to b line out there and let's just move that over to the c-point and there's a c-point out there but that's not really much of a retracement i don't think um but i'd have to go back and take a look at on the uh i'll do it on my other charts i can do that here real quickly let me get microsoft you're not going to see it on your screen but what i like to see is retracement of at least 0.382 retracement so um all i see if i pull this back further there we go okay thank you steve so yeah is this it i guess there's a small a to b equal cd to the downside so that would look like this one so let's go from about here down to that wave number seven bottom and then we'll take that over so yeah okay so on a weekly basis if we do comfortable now if we do get a bullish reversal candle if we do get a hammer candle at days and you can get a bullish and golfing candle as well this week so if you do get that on a weekly basis microsoft on the weekly time frame would have a bottom signal out there and on the monthly time frame of course that does then till the end of the month halloween time frame you do have bar number nine so microsoft is suggesting to us that it does want to try to rally maybe this is telling us that we're going to get a rally that lasts for a little bit of a while out here and but your next move your next resistance level gman watch that 237 and 241 oh eight specifically that's going to be the real key level that likely releases the information to you now microsoft as i mentioned was trading now just a little bit lower out there now that's not a surprise why is that not a surprise db it's not a surprise because we can see as microsoft's day ended yesterday it was bar number nine that form and the asset or change line is at 231 97 now you're trading at 234 right now but if price does pull back and test rejects that oscillator change line that would be a bullish outcome that bullish outcome them would suggest that price would make a run for the 248 94 level so that's microsoft we take a look at the 30 minute the daily the weekly and the monthly charts out there gman thanks so much for the request hope that provided you with all the information you were looking for now as i look to my email system out here i don't see any other request i do not believe there is anything inside of the tiger's den so let's uh if there is something want me to look at uh please go ahead and post that so let's do this here have we gone through any of the detail of the equity future contracts i don't believe that we have so why don't we be getting that process now and let's let's do the live play by play let me see where there's my screen here that so when i say the live play by play well get the s many that's uh that charts are posting to the screen here but what i'm going to do is i'm going to pull over a 30 minute uh taz market breath uh uh graph chart out here what we can see is as we speak at 8 36 in the morning there are 30 instruments trading above the top of their 30-minute profile 34 below so it's got a bearish tone to it from a taz market breath standpoint so that's under 30 minute time frame let's go take a look at what's going on on the larger time frames larger time frames being hourly 240 and then daily and weekly and let's again let's stay with the s and p5 oh that was a nasdaq 100 shoot let's do this sorry about that that was the nq there we looking at i guess i should have realized that when i said the numbers out there and i said let's look at the s and p 500 so boom bang wallah this will be populated here momentarily so now we've got 116 above the top of their profiles and 153 below the bottom we just had this crossover this crossover just formed at specifically um 8 25 this morning uh so if we take a look at now let's go take a look at the larger time frames see what they're doing the next larger time for that was 30 minute let's go take a look at this for the s and p 500 nope that's for the nasdaq this is now for the s and p 500 so we got daily 240 daily 240 and 60 all in bullish mode out there so what this is suggesting to you and i right now when i say bullish mode for the 240 for the 60 minute for the 60 minute chart 141 above profile 36 below bottom what this is suggesting this says for the es mini what you should look for is a look for some type of bottoming signal on a 30 minute time frame since it has the bearish tone to it so far and as we pull open the 30 minute time frame here for the es mini where would that be so no pattern now this would be ideal don't know if it'll happen but ideally you'd get an a to b equal cd to the downside and that would look something like this out here here's your a to b point would just move that over to the c point out there not only would take us down to about the 36 47 area but what we do is just give us a pattern here you'd look for the bullish reversal candle because it may not be more it may do more than a 1 to 1 a to b equal cd pattern you look for the bullish reversal candle that would generate the currently buy pattern and that would be your entry into a long position in the es mini if you believe that what we've got here is a sustained a sustained rally it could just be a two-day rally but that's what i would be looking for at this stage here i don't see any pattern on a 30 minute time frame other than maybe price to simply point back to test the bottom of support which is at 3665 out there so let's see roads with tfnn with regard to the rest of the charts out there for the es mini it's really going to be all about the top of that daily profile today and again the top of that daily profile for the es is at 3693 Steve roge with tfnn we'll be right back 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 basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments.com 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 8664767523 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 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by vista gold traded on the nyse american and tsx under the symbol vgz welcome back folks we are recording today's show early it's 8 42 in the morning currently you've got the u.s equity futures trading in the upside now it's up 61 points s and p's up six and a half mastak is up 14 emini russells up five all the markets over in europe are trading higher this morning in asia the primary ones that we looked at closed higher gold's off 16 bucks silver's down 27 cents out there and we're looking at the charts here for wall greens boot alliance that's a dan the man levitane who wrote in a danda f rates and he says st what's an entry point for wall greens boots wba and also a h a that's a dan from new york city out here so dan we've got the charts for wall greens up on our screen if price today moves above closes above 34 1 that's yesterday's high um then likely price can add to 36 31 now i bring up that 34 1 level because you're asking for an entry price and as we take a look at the 30 minute time frame chart as it ended to yesterday's activity was wave number seven that's letter g that's been confirmed there was also a roadsmen dominicator top but what price also did even though you've got that top and prices trading with inside a quite a wide range profile out here for a 30 minute time frame uh what we also have was price finding support at its oscillator and changeline the oscillator and changeline is 33 62 and pre-market trading right now the last trade here traded out at 33 74 so price is above that see yesterday at nine o'clock or the day before four o'clock in the afternoon you've got a td nine count bottom out there that was really your entry point so we don't have so what you're looking for here is if we if this top can hold now that high is 34 01 so that would tell us if you see a 30 minute close above 34 01 this top did not hold that pattern was negated and price likely going to hire and then you don't have a bottoming pattern to get you into the trade you're asking what's an entry point and ideally what you do is you'd look for some type of bottoming pattern or signal in the case of all greens boots that would be a retracement perhaps back to the 31 99 32 21 level if price does close above that high from yesterday 34 01 then you might just have to take the trade hold your nose jump into the deep end and with price likely then targeting next 36 31 now on a weekly time frame if price can close above the uh it's red oscillator and change line 33 30 that would be a bullish outcome and that would suggest a run up to the 37 34 or 38 11 area out there so that's what i would be looking at then when you take a look at wall greens boots out there so watch how it trades this morning right now in the pre-market we're not getting any kind of signals that that roadsman to indicator top for the 30 minute is taking hold just yet but it has not failed either your next request was a hh so let's go ahead and get those screens up posted up here and let's go ahead and see what it is communicating to us i'm assuming you're looking for an entry point for that as well and that is our motto offler out here had a nice big wide ranging bar yesterday it has a TD nine count bottom out here and if price can remain above the top of its profile the top of its profile is at that 1026 that's the daily time frame that that is going to suggest that price might want to make a beeline for the 12 53 area 12 53 is a daily TD nine count breakdown area now before price would get up there you've got resistance at the weekly red oscillator and change line currently printed at 1194 do we have any kind of a bottom here for the weekly time frame well you could get a key reversal bar this week in order for that to happen you need to see price move above not close above but move above last week's high and last week's high was $11 even Stephen now in the pre-market out here let me see if this thing is even trading a hh the last trade now not really uh so uh 1084 so we don't have any kind of information there so if you uh if you get that key reversal bar on the weekly base then you've got to buy the d-point pattern and price would be above the top of that daily profile and that would then suggest moving higher now here's the deal on a 30-minute time frame chart for a hh this does have a TD nine count top that pattern is going to complete at 9 at 10 at 10 am why because the TD nine count top high can form on the bar following bar number nine right now the high of that count is bar number eight but you do have a valid TD nine count top that should take price back to support support here would be the daily oscillator and changeline 1073 if that were to fail that support will be 1066 if that were to fail then it'd be between the 1052 to 1057 area out there so that's how you'd uh you know put this together pay attention to it hard for me to anticipate what price is going to do i know what to be looking for first and if you got a test rejection of that green oscillator and changeline that would be an entry point in a bull signal particular symbol a hh so day in the man levitan from new york city thank you so much for taking the time to write in have a fantastic friday in a fantastic weekend and thank you for calling the fabulous friday show out there so that's a beautiful thing i know other questions that i see i'd go with sacks if you have time that's from inno inside the tiger's any natural gas there from coder coder you were first so uh we'll go to a natural gas first so let's take a look at natural gas pull up the charts let's actually get those populated we got natural gas we are in the november contract i think uh we'll change to december maybe this next week not gonna worry about that today we're still in the november contract for natural gas which does have by the way coder it's got a nice buy the d-point pattern out here we'll open up the daily time frame chart and you can see it was more than a one-to-one a to b equal cd that was confirmed on both october the fourth and it was reconfirmed yesterday now yesterday we have a brand new daily profile and so we take a natural gas it's consolidating we'll call it that with inside that daily profile coder the support level is at 639 and the resistance level is 701 so you wouldn't mind ung etf for natural gas which we can put up yeah i've got the november contract up here for natural gas but this is what you really want to be paying attention to versus the ung chart so we really want to understand what's going on in the future so you've got that bottom out there price above its asset and change line it should go target the seven dollar and uh one penny mark now let's take a look at what the other charts are communicating to you and i here we can see in the five hour time frame chart we can see a consolidation between td nine count breakout support at 641 and td nine count breakdown resistance at the 704 area 704 also 704 is a resistance level on the 240 minute time frame chart out there what else do we have intraday wise 30 minute time frame let's just see what we have here coder price forming a td nine count top it does that at 230 yesterday afternoon so now what we've got is priced below a profile so this could be suggesting that on a 30 minute basis that either you've got an a to b equal cd to the downside that's trying to form out there that would look like this coder your a point obviously being the high from the bar number a to the td nine count there's our a to b i'm just going to take this line if it's okay with you move that over to the c point and uh that would give us a one to one price projection around 650 or so what you'd be looking for if this is the pattern that is unfolding if you're looking to get in or you're just looking to try to manage or understand what it's doing it being the 30 minute time frame chart uh when price gets down or if price does get down there what you're looking for is a bullish reversal candle that would then create the Gartley buy pattern but remember $6.76 that's going to be a key resistance level that was tagged before and that held as resistance and so that would be the real key battleground that's on the 30 minute time frame chart so the daily nice bottom you got a new set of profiles out there again supported 639 and 702 now we're going to a breakout here what i'm going to do for you coders i'm going to put the ung charts here they're going to populate so you'll be able to see those and there from there you'll be able to write down the task market profile levels or the oscillator and change line anything that you see bro with tf and n hope you're right back if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency in bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose 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and newsletters 30 days risk-free with our money back guarantee at tf and n dot com tf and n educating investors don't forget you can listen to tf and n live on your mobile device 24 hours per day go to tf and n dot com then hit watch tiger tv that's tf and n dot com then hit watch tiger tv come back folks so we're taking a look at the charts here for goldman sacks and make sure that's what's on your screen yes it is a daily time frame and uh it was just a question i think just to take a look at it so goldman sacks is consolidating the consolidations on the monthly time frame chart out there that's between 291 32 and 358 73 in a shorter term time frame yesterday price closed above the top of its daily profile 30509 it's trading at 306 99 right now as long as price remains above that it suggests to move up to the 315 level now you've got resistance on the weekly chart at 310 15 so price can overcome the 310 15 level then you're off to 315 if you can overcome 315 you're on the way to 329 if you can overcome 329 you're on the way to 345 but that's what the charts for goldman sacks are doing out there i'm not really sure that there's much else that i can provide to you uh so um so we'll just leave it like that s&p want to take a look at iqnq uh so let's go ahead and populate those charts out there see if we can get that out here you've got yes many futures have just jumped or maybe they jumped a few minutes ago i see they're trading up 37 bucks right now so we've got rally on iqnq wow i'm not getting anything out there i must have written that symbol down i o n q thank you i o n q so see if we get that populated out there thank you my wing man my wing man s&p out there i o n q come on populate says it's loading there we go so what do we have here what do we have here i i don't see anything that pops out of my head other than the daily profile uh providing support yesterday and as long as price remains above 511 you should see a run up to the 545 or 585 level out there the weekly time frame just shows sideways consolidation new profile out there as well i don't see anything much more than that s&p so i do hope that that helps you out and just the end to show here let's go back to those black background charts so you can see clearly where the battles are today the battles are the daily profile levels if you take a look at this right now you got the yes many trading above the top of its profile 36 93 the n q getting ready to take on the top of its profile 11 231 75 the russell taken on the top of its profile 17 57 and the dow has got its work cut out for it it's straight into its bare structure profile levels that's between 35 45 and 31 256 watch the es the n q and the russell you close above those daily profiles today we probably have a rally that lasts for a long time see pros with tf and n have a fantastic weekend folks i'll see you on monday take care you might think that if you want to be successful