 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Oh toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks welcome to the December 4th the magical Monday edition of today's Traders 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 of enough. There's having a great day Hey, let's make sure we have an extraordinary one now the easiest way to do that It's 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 means we can find the gift in every set of circumstances Life is gonna toss at us now today. You and I we're gonna 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 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone You can dial on in at 877-927-6648 now if you got a question But you're not you can't dial in you can always send me an email send that off to Steve at tfnn.com Inside the subject heading please put radio show question Of course if you're inside our Tigers den well that any and every ping will do So let's go ahead and get this show started on magnificent Monday, of course This is Tiger financial news network. I'm Steve Rhodes. Welcome to the show right now We got nearly all the use and disease trading the downside the one that is not it's Russell 2000 up nearly three points The dows off 162 S&P's down 45 NASDAQ down 285 semis off 93 Trendy's down about nine points out there gold's off 46 bucks Silver's down 98 cents like to recruit off 36 pennies natural gas off 14 cents through your treasury down 23 ticks trading out at 117 14 What we're gonna do here first is go back. We didn't get a chance I didn't get a chance I spoke to slowly or what have you and take a look at that nine panel market up a chart just simply because in one fell swoop It gives us a pretty decent feel as to what we're looking at what I mean by that We take a look at the equity markets up here I just have the ES and the NQ ES is in the upper left the NQ is in the upper right What you'll notice there is that the ES mini right now is sitting at support or potential support That potential support is the center of that profile. That's at 45 56 at the same time It's sitting there You've got the NQ sitting at the bottom of its daily profile that too is at support The reason we're taking a look at that is because when we do go look at those are today intraday type here in charge If we really are at a support level that's meaningful We should see some type of intraday signals now They may not form just yet They could be forming over the course next hour or so but that's something to pay attention to so we're sitting there at support Or at potential support levels if we take a look at the US dollar index It's rallied all the way into resistance to the extent that the US dollar index is having an impact on the equity markets And when I say an impact folks, it is not a it is not a close to even a hundred percent Inverse or directional correlation out there, but to the extent that it's going to have some type of impact It certainly will in the case of metals out there We know about that correlation the one with regard to the equity markets as somewhat suspect out there But we can't see that price is trading right up into resistance. That's at 103 76 now in the case of Goldilocks last nice as it opened up It did quite a rally if you were watching the intraday charts such as the five minute the ten minute chart You saw those TD nine count patterns form rather quickly In fact, that was the top out there, but the same time that those were providing topping signals I know we're not looking at those just yet We can look at those during the show. We're still just looking at that nine panel chart out there For the same time the topping signals were forming on the intraday charts The daily chart was attacking that one-to-one price projection It did hit it twenty one fifty two sixty was the exact price projection where price got up to was twenty one fifty two Thirty now what we have is we've got a key reversal bar as long as price closes one tick in the opposite direction That confirms a sell the d-point pattern now with regard to Goldilocks It's also attempting to form a new profile the bottom of that profile is twenty twenty three twenty I do not know if this profile is going to hold it shifted a couple of times, but right now the profile is a profile We use that information We'll have confirmation of that when we get back together tomorrow But twenty twenty three twenty is a level to be watching for support now I would not expect gold to get down there if in fact the US dollar index has topped out by Getting that level of resistance atop of its profile silver at the same time pulling back has attained the one-to-one point two seven two A to B equal CD This is a big old huge key reversal bearish engulfing candle and prices tested at the bottom of a new profile That is also attempting to form now price right now is printing out at twenty Three twenty four eighty four the actual bottom of that profiles twenty four eighty nine Does four pennies make a difference? I'm not going to get get my turn my skirt up into a tizzy over four pennies out there But you do want to watch the bottom of that profile lights We crude is also at support and support there. It's not a profile level of sport It happens to be a trend line level of support. Can that be a bottom? Sure It's been a bottom in the past. It could be a bottom now That's not to say that there's not some battles up ahead because there most certainly are those are at seventy five seventy five seventy seven forty And then finally seventy eight twenty three natural gas on Friday We took a look at it or said okay It's got a teeny nine count bottom pattern, but I cautioned to get a guy believe I cautioned against Getting into that trade because we took a look at the seasonal pattern November and December are just the worst performing months and I think what we agreed to was let's just come back to Natural gas in January in February out there and that still remains the case That's for sure It's negating a teeny nine count bottom pattern as we speak right now how low can it go it can go lower If we take a look at 30-year Treasury, it's still an A to B equal CD pattern to the upside that price projection 120 and change out there price remains above the top of its daily profile. That's at the 116 18 level So things here still look bullish. So that's just kind of the overall scenario Let's shift from here and start taking a look at some of those intro down some of those other charts out there It will stick with the equity future contract at least through this first break. Let's begin by take a look at the ESMini So we know what the ESMini is at a potential level of sport being the center of its bearish structure daily profile What you'll notice here on this chart is the profiles are a tad different when I say a tad different I'm referring to the center line here The center line is pretty close to the center of that set of profiles. That's at 45 41 That becomes another area of potential support On a price we're to close below that then we'd be looking at that 4509 So the two systems generate the same top and bottom profile levels. It's the center. That's a bit off out there We can see that price is trading below that green oscillator and change line again That makes that 45 56 level a very key area with 45 54 So again, we're back at support while we're at support Do we see any kind of bottoming signals out here? Turns out that on the 30 minute time frame chart, it will go ahead and complete a TD 9 count bottom in the next 17 minutes It's already form bar number 9 That suggests that we should at least begin to see some type of rally That rally should take us up towards its oscillator and change line The oscillator and change line is currently printed at 45 71 With regard to the 15 minute chart, we don't have we've got a rose momentum indicator signal No bullet reversal candle. That is the same for the 10 minute time frame chart We do not have any kind of a bottoming pattern on a 60 minute TD 9 count pattern on the two hour chart Now this bar here is going to complete at 12 noon. That will become bar number 8 That can be a bottom the bottom can form on bar number 8 now with regard to this two hour chart If at 10 a.m price is trading below Give me that number if price is trading below 45 87 50 it'll complete that TD 9 count bottom You can see on the five hour chart price is finding support at the bottom of its profile So we are getting some support that matches up to the daily ES mini chart We looked at on steve's black background charts. We'll be right back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both Influence forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in 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 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 Steve rode 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 rode's is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon Sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn. All our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk free today tfnn educating investors Toll free at 1-877-927-6648 Internationally at 727-873-7618 Hey folks, so during that last segment we took a look at the u.s. Dollar index We noticed that price was trading right into resistance. That's the top of its daily profile out there Again, that number is the 103 106 103 76 out there Now if we take a look at the three primary currency pairs that make up the u.s. Dollar index 83 percent of it You've got the euro you've got the yen and you've got the pound as we take a look at the euro out here What we'll see is that the euro is trading below friday's low So that's a bearish signal there didn't even get to friday's high out there That suggests that the euro wants to pull back further at least on the daily time frame out there So if the euro is going to get weaker the u.s. Dollar index would get stronger So it's something to take into consideration now for peter We're also going to go take a look at the intraday charts 30 minute charts That is to see if there's some type of short term signals out here We take a look at the u.s. Dollar japanese yen it actually on friday confirmed a a to b equal cd to the downside Should take us to about 145 out there if in fact the u.s. Dollar index moves lower That the i'm sorry the u.s. Jap the japanese yen moves lower out there That will weaken the u.s. Dollar index now It's only a 13 percent waiting versus a 57 percent waiting inside of the euro We take a look at the great british pound it has pulled back it does Still have its td nine count topping pattern out there What price is doing is testing that green oscillator and changeline So if in fact the great british pound finds support here and it rallies That will also put some weakness into the u.s. Dollar index So let's go take a good those intraday charts, but the bigger picture here It's a signaling to an ipeter u.s. Dollar japanese yen wants to move to 145 We're uncertain about the great british pound just yet because it's testing support and the euro is suggesting it Wants lower price as well the euro top with a wave seven. That's a letter g top out there now Let's go switch charts Let's go look at the intraday charts right because when you're up at a resistance level such as the u.s. Dollar index for its Daily time frame we like to see intraday time frame signals Tell us that well, you know what that resistance that support may hold So we take a look at the euro out here the euro has formed wave number seven Remember we looked at the daily time frame chart it topped with wave number seven So most certainly that's something to pay attention to now This will not confirm until the earliest would be 11 30 and the only way that confirms is if we see a higher low So as long as by 11 30 less than 10 minutes from now price closes above 1.08 03 you'll have a wave seven pattern Price should rally up towards its oscillator and change line in the case of the yen right now Forget about any bottom signal here What we have is we may get an a to b equal cd to the upside at least intraday And that's if we get a close above 147 11 out there the last close on that last 30 minute bar was at 147 10 so off just by a smidgen out there But a smidgen is what's needed now right now We might be getting that signal here by 11 30 of an a to b equal cd to the upside That would then say that the yen is weakening the u.s. Dollar index would be getting stronger But the euro could really assist here if in fact it does rally up towards that oscillator and change line If we take a look at the great british pound it simply has gotten back and has retested to prior swing point That prior swing point was a wave seven bottom. That was back on november 30th out there It's also tested in area that formed a td9 count bottom So we know that on the great british pound price had made its way back to the oscillator and change line on the daily time frame That is support. We're seeing some potential support here inside of the 30 minute time frame chart So it's got the potential It's got enough signals here to suggest that the u.s. Dollar index maybe for at least A while Minutes hours out here has at least formed some type of top out there And that's about the best that I can do for you peter with regard to the currency pairs I hope that that provided the information we're looking for and thanks much for taking the time to write in We're going to close out this chart. Stevie's going to remember to change screens And then we're going to go take a look at occidental petroleum So i want to get through the request and then we can get back to general markets and so forth So let's get to occidental petroleum Um, I'm just waiting here for my screen. So I did figure out my screen problem But I didn't realize that I had actually changed the order of them Um, I certainly didn't intentionally do that. Okay, so this was not the chart that we were headed for Um, so sorry about that. We're going to come back to that chart But right now we're going to take a look at his occidental petroleum This is for alton his first question is where is his port and where to add he's been in this trade for a long time So where is support support is right here right now if in fact it's going to hold And that comes from the weekly time frame bottom of its bullet structured profile. So alton's 5806 now We have price that is testing a swing point the swing point for occidental petroleum was weak of june 23rd The volume it was 53 million shares. It's way too early to determine volume out here Right, I can tell you on the daily base word three and a half million shares but just know that it's pulling back into a uh swing point that's got volume of 53 million shares Something to look at maybe on thursday out there. Wednesday or thursday What we can say is that if price closed below 5806 Then it would be closing inside its swing point It's only a daily close But let's just assume it's going to be a close inside the swing point And if so then price would get down and test that low now that low the low from the swing point of june 23rd Is down at the 55 89 area We take a look at the monthly time frame chart out here We can see that price is trading below its green oscillator and change line that tells us its losses momentum It's trading below last week's last month's low. We know that's a bearish signal So its next level of support that's assuming that 5806 fails The next level of support would be between 505 and 5484 There's a bullish structured monthly profile We do not any kind of signal on the daily time frame out here No kind of bottom signal is what I really should say What do we have out here? That's really a great question What do we have out here? We could throw in an a to b equal cd pattern That's for sure Let's see if the b point was passed with volume The b point is what I would use here is bar number 8 of this td9 count bottom out here from october the 31st The volume there was 5 million shares when that was passed it was passed with 13 million shares So there's your confirmed a to b equal cd to the downside For the daily time frame i'm just going to move the a to b point over to the c leg out there And just to try to give us some type of price projection area So the one to one price projection level is around 57 and a quarter somewhere around those lines out there So you're asking for support and resistance? Well, i've given you really all the support levels from the daily and the week or the monthly I'm sorry from the weekly and the monthly time frames. There is no daily support out here prices below all of that Um and resistance would be up at about 59 41. That's the current oscillator and change line So I would sit tight. I know you want to add to your position, but I would sit tight here Um wait for a daily bottom signal Hopefully price then still holds at support level somehow 5806 on the weekly time frame So i'll thanks so much for writing and hope that helps you out. Nancy wanted to take a look at apple So let's run over take a look at apple see what we see here apple trading right now below the bottom of its daily profile I believe we were looking for a support level Well at first support level Nancy then we would give you a 180 829 it's being crushed But we didn't see the nq sitting back at potential support level We haven't looked at the intraday charts to determine whether or not apple might be doing the same If in fact now apple does have a roadsman to mitigate her top And if we had two consecutive close below 180 829 that tells us we had lower now to have lower What we do nancy is we go take a look at that weekly time frame chart The reason we look at the weekly is because probably we don't have a top out there Prices above the top of its daily weekly profile. It's above its green oscillator and change line That becomes your next potential level of support and that level right now is printing out at 180 709 That number is going to shift by pennies Or so so use that as a guideline area if price closes below that then we're looking at a move back to 180 327 That would be the top of the weekly profile. We take a look at the monthly time frame chart We just have a consolidation with inside its profile. The price right now is trading below that green oscillator and change line So in summary nancy watch 180 829 at day's end if price closes below that It starts hinting at a further move lower that further move lower again that weekly oscillator and change out of 180 708 It would be a close below that that would say we head to 183 and change Steve Rhodes with tfnn. We'll be right back old report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts 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 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 Educating investors tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o brian and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action All trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv That's tfnn.com and hit watch tiger tv back up folks so we're taking in goldilocks silver uh the gdx out here each of them that have topping patterns at least as of 1130 So in the case of goldilocks it made that one to one a to b equal cd to the upside It's going to generate it or should generate a key reversal bar by day zen It's out right now. It's also bearish and golfing candle. Do you need two? Uh reversal signals. Uh, does that make it a more strong? Uh, stronger top out there the answer there is no It is what it is now what we can see here is prices trading also below that green osceter and changeline And the price does close below 2040 2046. I believe is the number. Let me give you the correct number 2048 70 Press closes below that odd's favor It makes its way down to the bottom of that new profile. Now again, this is a new profile That's attempting to form that's at 2023 20 If it doesn't form then the next level of support would be its breakout area and that's down at 1979 30 I would say a close below 1979 30 would tell us we have a change in trend out there The weekly timeframe chart is one that could be concerning. It's only monday. It's only 1131 But what we have is it also completed the a to b equal city pattern the upside and it could Generate a bearish reversal candle could it's monday. It's 1130. We got away till friday At 5 p.m. Did determine whether or not we've got that bearish reversal candle But we could get a sell the d-point pattern on the weekly time frame as well If we take a look at silver silver attained more than its one to one a to b equal city In fact, we got up to 1.272 extension just beyond that late last night And it is sold off. It has a bearish reversal candle. It's a big old bearish and gulfy candle Still though it is trying to form a new profile with 24 Uh 89 being a key level of support a price closing below that Geez, where's silver gonna head back to i'd really have to do some retracement levels to try to figure that out It's breakout areas at 21 26. I'm sure that's a possibility. That's not the one that I would give to you We take a look at the gdx. The gdx looks like today is going to complete its sell the d-point pattern Why because prices gap down. It's a bearish separating candle It's got that confirmation after that more than one to one a to b will see to the upside now The cool thing here is it is also attempting to form a new profile Its level of support is down at 30 46 and below that at 30 30 is that green oscillator and change line So would you sell the gdx if you were or would you go short the gdx? I'd say No, not just yet. You need more than this to take place out here Got it, you know, we got the u.s. Dollar index. It's made its way up to resistance Uh, you've got that silver sitting out at potential support out here. You've got gold Uh, you said support level would be that oscillator and change line. I don't know if I gave you that number Let me give that to you for days in 2048 and a change out there So we got to keep an eye on gold deluxe and how it's trading As well as us dollar index, I believe throughout the rest of the day to get some type of better handle But what I can't share with you is you got a daily top inside of gold Daily top inside of silver and the daily top inside of the gdx unless there's some maracas rally between now And the end of today's trading session. So that's what's going on there At least that's just kind of the overview out here What's going on in the general market? So I don't have any requests that I see that came in by phone I don't believe I've got anything inside the tiger's den. So you're welcome to put in a request. We'll get to it In the meantime, what's going on inside the markets out here, right? Isn't that really the question? Isn't that why you really tuned in was to try to figure out here from steve Hey, what's really going on here? So that's a great question. What's going on? I'm going to try to answer that question for you by taking a look at our dance steps, right We know that the market makes these wonderful dance steps. In fact, this set of charts out here We're taking it each of the cash indices when I say each I should say the s&p the dow The nasdaq 100 and the russell 2000. So the four core Indices out here and we've got daily weekly and monthly time frames as an example on a monthly time frame Sometimes people write in this a steve. How'd you come up with that two and three step move? As a potential timing signal out there Well, I didn't really come up with it. It's the chart that came up with that pattern. Just take it. Here's the s&p 500 Here's a monthly time frame chart for the s&p 500 going back to 2009 just before 2000 before the 2009 bottom. We came off of that bottom We had second conservative second con seven consecutive monthly closes to the upside That was telling us once you get beyond four. So you're working on five That's telling you you've got some type of powerful change in trend out there And when you typically get that bullish market, what you end up with is two bar typically two bars two or three bar Need jerk reaction moves to the downside and it's really this chart here that shows us that now We did get that first significant pull back in 2011 inside of gold inside inside the s&p 500 It did have five consecutive moves to the downside It never took out the lows of that pattern out there if it had that would have been signaling two and I were Headed back towards that march of 09 lows, but instead what we got are four and seven and five Consecutive months moving to the upside now. Let's take us back to where we're at If we take us back to where we're at we just finished a three bar move to the downside inside the s&p 500 We did that back in october And obviously we had a wonderful november We should get even if it's just a counter trend move and I don't know that it is the reason I don't know that it is because if we take a look at the last set of signals out here on a Monthly basis we got up to five consecutive months and then a normal three consecutive month pullback Now that's a monthly time frame chart that we're looking at but this should give you The understanding a more clear understanding because we've got less noise here as to that two bar Three bar knee jerk reaction highs and lows out here And and and we did use I think last week there was somebody was looking to get into an instrument We didn't really have great signals and we just went with the I said that two bar pullback Might be the place to go ahead and enter now if we take a weekly time frame chart out here for the s&p 500 We've just had five consecutive weeks to the upside now when we pull this back here We start pulling it back how many times have we seen five consecutive weeks to the upside? Well, we've got one right here that took place back in august of 2020 that led to a four bar move to the downside We've got another one out here that took place five bars back on november 5th That was of 2021 shoot that led to basically nothing It eventually got to a two bar pullback here on the weekly time frame So what's this telling us shoot? It is actually telling us we should anticipate or expect it would be normal To see a two week pullback out here and perhaps that's what we've started That's why it's important to be watching those support levels I'd say in the end queue that first one at 15 748 is a real key area out there Now if we take a look at the daily time frame again, we're looking at the dance steps here This is the interesting thing. We have not had a two bar a two bar Knee jerk reaction low in the in the s&p 500 coming off that october 27th low out there That is a very strong market out there So if the end queue holds support, which it may do The as many pulling back to that center of that bullish struck or bear structured profile That could be an area of support out here. This could just simply be a one day wonder But do we have in this one day Something that's telling you and I we just take a look at those normal dance steps that we've got some type of change in trend out here Stevie's stevie's eyes say No way do we have that that doesn't mean that might not be what's taking place But we just take a look at normal price movement out there We most certainly do not have that signal now the ndx Arguably has been the weaker of the four out here The russell now is showing its strength out there showing its biceps here on the monthly basis with regard to the ndx 100 You can see we are also coming off a three month pullback odds favorite. We get at least a second month higher We are in the favorable seasonal time frame for the equity markets out there here on the daily time frame Look how strong this move has been it's had two Two bar knee jerk reaction lows So i'd say if the end queue does close below 15 748 tomorrow would probably be bar number two to the downside And then we go from there. We'll be right back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar Dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds As they both influence forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals. What is behind the tiger forex report for all the details and to start your 30 day Tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? 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 etf's 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 investors such as traders and active investors distributor four side fund services llc This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz Folks, we're taking a ticker symbol here aq aq st And it's for dan inside the tiger's den and we take a look at aq st We can see this thing has negated a td9 count top on the daily time frame It did that last friday. It tells us about a strong bullish move today Price is taking on the resistance level dana, but the top of its weekly profile. So that's one of your battles That's a 254. We could also see that price is targeting its weekly td9 count top That's that's of another resistance level. So you got one at 254 And then you have one up at the 269 area now price is trading at 260 That swing point from a weekly standpoint has volume of 4.5 million shares So you want to watch that comes we come come weeks and if you did get a close above that swing point high Again, 269 with more than 4.48 million shares out there You'd get a confirmed a to b equal cd at the upside on a weekly time frame um So everything looks good here except price is dealing with resistance So in other words, it looks beautiful on the daily that takes your eyes over to the weekly We get to the weekly we then see where the battles are at price has to overcome those battles to suggest what the daily chart is saying Hey, I want to rally further out there and the monthly time frame chart its level resistance happens to be the high for may 23rd The reason that's resistance is because it was followed with a bearish dark cloud cover candle, etc Resist that to 69 as well. So it's 269. That's going to really be the number dan You've hit it right now. You got up to 264. I believe So that's just simply the level to be watching everything looks good But you're out of it resistance when we come to weekly and the monthly time frame So I hope that helps you out with regard to a q st And thanks so much for the request. Let's go out to brent in martinez california brent. Thanks for calling. Thanks for holding How was your weekend? It was very good. How was your steve? I was excellent. I really enjoyed it got in a little bit of golf And uh went down to miami last night checked out a new restaurant So it was not too bad. Thanks for asking Um fizer, I believe is what you are calling. What is that correct? That is correct steve. I bought into this on friday Okay, somebody that had called into larry show and I think it was mike. I believe I didn't I kind of came in partway to it and uh You know, I like to try to find Stocks that are pretty beaten down at their bottom. So for me at this one is relatively easy I got in at a good price. I'm in Very close to the lows And so that's going to be my stop and I I guess really what I was hoping you could take a look at is I assume there's going to be plenty of levels of resistance to the upside if you could identify those that appreciate Absolutely happy to do that and the first level is where price is trading into right now And that would be the center of its bullish structure daily profile and that number is 29 43 We're trading at 29 46 What I would say is that if price can close above the 29 uh 43 level You know, I don't know whether that's 45 or 46 or 47 the higher above it the better Then when you do typically close above the center of a bullish structure daily profile or a bullish structure profile Brent You typically go up and you test the resistance area So that's the next number and that would be up at 30 17 You can also my system is drawn in a trend line from the most recent swing high Out here on the trading day of november the third out there Uh, is it November? Uh, november. I'm sorry november 6 and then it's using for its next touch point the high of november 27 I throw that in there as another resistance point Assuming that price can take out that 30 17 level if price is able to take those areas out Then the next area of resistance would be up at 32 65 and 32 60. Well Take that back 30 19 is the bottom of its weekly profile. So that's another number that you have to watch So you've got a pretty strong resistance It looks like at the descending trend line the top of its daily profile the bottom of the weekly profile So I'd say the real big battle is going to be there at that 30 19 ish area and if price can close above that Um, then you could be looking and move to 32 65 on a monthly basis You do have a completed TD nine count bottom So, uh, you don't have anything on the weekly chart the weekly chart could confirm Arrogment to indicator bottom this week. It will do that if it generates a bullish reversal candle. So those are the numbers today Uh, those are the numbers that I've got right now. What questions or what additional information brent? Can I assist you with here on fizer pfv is a trick or some of folks? That's what I was looking for Steve. This is usual. Just, you know, very thorough and okay pretty much hit all that Everything I was looking for Excellent. All right. Well, congrats Uh, uh, this trade at the stage of the game You've got this nailed and I hope that it continues to rally for you up into that 30 dollar Well, hey, help it rallies up in the 44 dollars for you. That would be the center of its monthly profile But with generosity steve Hey you bet, I wish I wish I could control the markets I can't all I could do is read the charts, but uh, hey brent. Thanks for calling always good to speak to you And we'll look forward to speaking to you again That sounds great. Do you have yourself a wonderful day and and uh, rest of the week. I'll talk to you soon Absolutely, that was brent in martinis, california. The next question that came in we're going to change screens here Well, actually I won't change screens just yet. I'm going to go over to the indices charts It's from peter in park city. Peter's saying you got a bunch of snow up there Um, I'm not able to easily read the threads or what have you But uh, what I wanted to do we're going to take a look at new york stock exchange advance client oscillator But what we'll first want to do before I go ahead and change screens out here is take a look at the new york stock exchange Because the two are associated with each other. So when we take a look at the new york stock exchange You'll see a negated td9 count top that was negated on thursday friday We had a nice rally out there as well and what we do have is prices testing a swing point I believe so let's see if we've gotten all the way up there. That's a swing point from july 27 So the low on that was 16 254 and the high today is 16 272 so 16 270 so so far we've got a test and rejection of that swing point But no other top but there is that a to b equal cd pattern So it should really like to see here peter Um, when I go to the next chart What you'd really like to see here is some type of confirmed top now getting back to a prior level A prior swing point or rejecting it can be a top My preference would be a bearish reversal candle to confirm a sell the d-point pattern So is db going through all that gibberish out there when all that peter asked about was the uh new york stock exchange advance client oscillator And the reason is as we switch over to those charts give me a moment You'll see the black background charts pop up on your screen out there And what you'll see here is up at the top is price And what we can see is we've had rising price ever since the new york stock has changed advance client Osser made its highs most recent high on the trading day of November 3rd and when it did that that reading was 274 when you get above plus 150 You are in overbought territory now We have been chatting with you about how these conditions typically work themselves off They typically work themselves off with a series of higher lows Which we still have in place in the advanced client oscillator But then we also typically get a Signal a confirmed top signal inside the new york stock exchange to suggest that we're headed lower And if we ever get that spot volatility x to get above its 50 day exponents moving average the 50 days at 1517 That is when things we get rocking and rolling to the downside. We don't have that just yet We have market conditions where price is trying to work off that overbought uh condition out there If price did pull back in the york stock exchange because it has tested and so far it has rejected that bottom of that I think it was july 27 swing point out there Then that could tell us that price is pulling back to its oscillator and changeline peter That's the new york stock exchange. We're talking about and that level to watch would be 15 994 Steve Rhodes with tfnn will 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? 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We still got a mixed bag out here. You've got the dow up 134 s and p's down 35 nasdaq 112 18 to the downside rustle 2000s up 10 points So far in the trading session price has sold those support levels that we were looking at as we began the show inside the As many of that number was 45 56 inside the nq that number was 15 748 US dollar index has held resistance that numbers up at 103 76 out there Silver holding support at 24 89. Let's go take a look at the kre the regional banking This is for vikti regional banking sector for vikki and vikki. It looks still very good to stevie out here You've gotten a to b equal cd to the upside that would require a bearish reversal candle to confirm a sell the d-point pattern Price should target 48 48. We're trading them up friday side That is a bullish signal on a weekly basis price closed just above a td9 account breakdown resistance level last week We're trading above that area at 47 38. This is signaling to move up to 49 57 So we've got 48 48 and 49 57 and the monthly chart is in agreement with that as prices trading above profile And as also during change lines. So that looks good Stay with the kre the regional banking sector If we take a look at your next request, which was uh, roberto coin c o i n is a ticker symbol out here That's got a negated td9 account top and when we take a look at it The only issue with regard to coin is going to be its monthly time frame And that's at the end of december and end of december who will complete a td9 account top We don't have any kind of topping signal on the weekly time frame In fact today was a gap to the upside So this is just we're trading about profile without any kind of topping pattern Now there is an a to b equal cd pattern out here And so if you were to see a bearish reversal candle that could or should identify a top Lastly, I had a request from joe to take a look at bitcoin out here. Let's put up the bitcoin charts And uh, give me a moment. We'll get to that. I'm looking at the december Futures contract out here. Of course, I'd like you to look at it too. There we go So here's our multi set of time frame charts No with regard to the weekly time frame for bitcoin. Where are we at? They've got a negated td9 account top, but you do have wave number seven That can only be confirmed next friday out there Daily time frame you've gapped to the upside You've got a rose mental indicator signal watch for a bearish reversal candle there The monthly chart looks very bullish the intraday charts the 30 minutes got a top Watch 411 41 115 as an area of support a top on the 60 minute a top on the 120 a top on the 240 A top on the five hour chart. Let's say be careful. Hey folks Stay tuned for all the great programs. See you tomorrow at terrific tuesday