 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes 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 4th 5th the October 5th the wonderful Wednesday edition of today's Trader's Edge show. I'm your host D.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's happening a great day. Hey, let's make sure we have an extraordinary one and the easiest way to do that So 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 Well 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 11 o'clock in the morning. I do want you to know I am absolutely grateful for your presence here But even more important than that. That's this during this next 53 minutes I'm here to serve you so feel free to pick up that phone You can dial on it at 877-927-6648 now if you can't tell and we've got you covered there, too Send me an email send that early and send it to Steve at tfnn.com Inside the subject heading if you would be kind enough to put radio show question, of course inside our Tigers And well any and every ping will do so let's go ahead and get this show started on a wonderful Wednesday Of course, this is tiger Financial news network I've Steve Rhodes welcome to the show right now get all the usnc's trading the downside the thou's off 400 points one of three tenths one of six tenths for the s&p or 63 points a little over 2% for the Nasdaq 100 250 points the same for The semis or the Russell that's a 39 points the downside same for the semis 2% plus 52 points the trannies are up one and a quarter percent 156 points a sea of red out there including gold Gold is off 12 bucks 17 18 looks like it's off its lows We'll take a look at gold today silver down 80 cents $20 and 30 cents is its current prints likes recruit trained out at 87 70 It's up about 18 natural gas up to pennies at 686 and the 30 year treasuries back to full ticks 126 20 is the current print now leading the charge dollar wise the upside individual stock wise Is there anything pioneer natural resources up about four bucks or one and a half percent lamb a western holdings up three and a Half bucks of 4% For the downside and phase energy up 33 bucks 11% Mercado Libre off 30 bucks Karuna therapeutics down 21 E-PAM systems off 20 solar edge down 18 SBB financial back 15 bucks or so So we got some movers and we've got some shakers out there But let's begin by take a look at the ES many will switch over to the white background charts out here This will give us kind of our intraday time frames as well to take a look at and that's what we have an upper left-hand side What do we know? We know that yesterday well first We know that we've got to buy the d-point pattern that was formed with the bullish engulfing candle on a Monday Price was inside a bullish structured profile on Tuesday when price was able to get above the CS mini above that red Acid or change line and improve the odds that price would go tackle those sellers and sellers won so far The sellers are located at the top of the profile the top of that profiles 3807 so we're seeing a natural pullback now in a daily perspective We would expect or anticipate the pullback would get back to its oscillator and change line at 3708 So that's one possible not numbers gonna change up and down a bit, but use that as a range Now there's not a topping signal inside the daily time frame But we do know where sellers are loaded and they were up at that 3807 And as that was taking place on a five-hour time frame the ES mini was forming a TD nine-count top Right whenever anything gets to resistance Well, we like to look at is the interday time period see if they are Confirming that there's gonna be some type of top short-term pullback. Maybe it's major top We don't know but in fact that's what we got with the five-hour time frame chart the four-hour time frame chart The two-hour time frame chart a top on the 60 minute a top on the 30 minute Top on the 50 minute. I believe was also a top on the 10-minute chart So this work textbook wise with regard to understanding what the market was doing now It's up to you and I to try to figure out where's the market headed to well If we just simply go from left to right out here on the five-hour time frame chart for the ES mini I think when you get a valid top there price will typically pull back to test support Well, turns out that the first real key level of support here is at the bottom of its profile That's at the 37 33 level price. You got down to 37 62 so you've got price of the Profile at the 37 33 area and you've got a 37 24 It's read oscillator and change line. I would expect that that area will get tagged and yet That suggests a little bit lower price if we take a look at the 240 minute chart out here It to form an ATD 9 count the oscillator change line having changed color now. That's important Because if we get a successful test rejection This is the bullish by the d-point area at least based upon the 240 minute chart now I'll expand this chart out yet a teeny 9 count pattern that topped right out at the breakdown resistance level of 3805 now if this area can hold this up by the way this candle does not complete it till 2 p.m So 11 11 in the morning is a bit too early to call the price is sitting at the support level right now, which is at the 37 42 area in the bottom that profile 37 45 we're trading at 37 43 So this is something to watch if this is going to identify the bottom We'll see some kind of turn in the intraday the shorter term even shorter term time frame charts 10 15 30 minutes So far let's keep going left to right on a two-hour time frame the two-hour time frame is currently in bar number 8 This bar does not complete until 12 noon You need bar number 9 to complete in order for a teeny 9 count bottom to complete on the two-hour time frame chart Bar number 9 the one that completes at 2 o'clock will have to close below 37 66 and a quarter That's the only pattern that I see out here had a nice teeny 9 count top Maybe it's gonna get a teeny 9 count bottom Maybe that's going to be near the 37 17 area the teeny 9 count breakout area We look at the 60 minute time frame chart price right now I formed a roadsman to mitigate her top prices pulled back to test its breakout level of support of 37 35 There's no bottom pattern here just yet, but sometimes the bottom can be just pulling back to a key level of support So 37 35 so it has accomplished that task now it places below profiles out here And uh before and so we're going through this And what we will then also do is go take a look at the short term task market breath Especially as we get into these shorter term time frames like 60 and 30 We want to see if there's bullish crossovers bearish crossovers How many are traded above top of profile versus bottom of profile out here because that can assist us in understanding the potential energy To the upside if we look at a 30 minute time frame chart roadsman to mitigate her top price pulling back to 37 35 as well It's teeny 9 count breakout area now in the 30 minute chart. I really can't draw on an a to b equal cd pattern There was never really much of a move to the upside I mean really I'd have to choose this bar right here And that's the bar from 2200 hours last night because that made the low And the high would also have to be the high of that bar And I hate using the low and high of that bar for an a to b equal cd pattern Otherwise, there's not been a kind of 0.382 retracement level doesn't mean it hasn't bottom because prices back at its breakout level of support That's at the 37 35 level on a 15 minute base. Let's just simply expand this out here See what we see on a 15 minute basis. What does steve got? Basically nothing not a zip and zilch out there So I don't have a bottom signal from the 15 doesn't mean it hasn't bottom again The bottom could have come in based upon the 60 minute and the 30 minute time frame out here As well as really the 240 So let's go take a look at oh, I see we're going to go to a break I'll put this up on the screen here right now This is going to be the shortest time frame that I have to understand market breadth for the s&p 500 And right now as we speak 69 instruments or 85 instruments above the top of profile 169 below the bottom So rallying from here is going to be not so easy to do not that it can't do it But the odds are stacked against it at the moment. We'll be right back For booming inflation. We are purchasing powers eroded. 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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 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 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. It is 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 Back up folks So we're trying to assess what the esmini is communicating to us We know that the esmini had a daily basis upper resistance Topping patterns for all of its intraday time periods now prices pulled back to areas of support on a couple of time periods of 240 The 60 and the 30 minute time frame chart And we were take a look at market breath before we went to that break out there was still negative on a 30 minute basis It is also negative on a 60 minute time frame. So as we take a look at it now You know the the 240 and the daily are still bullish positive That's why it suggests that that this should we should be looking for a bottom to buy Interday at least don't know whether price will take out that resistance level in the daily time frame But because you've got that positive market breath here says be looking for bottoms patterns on those other interday time periods Now the 60 minute time frame out here has got 151 instruments above profile 274 below so really the esmini has got its work cut out for it as we speak right now So I don't know that we've got a clear signal Definitely an attempt out there and your stops would be somewhere underneath the days low somewhere underneath the 37 35 level So let's go on. We've got a couple of questions. We can always come back to these charts here We can rip apart the nq On really anything, but first let's do this. We've got a couple of requests that have come in through the tiger's den I don't know if anything is I see uh, maybe one two Now through email. So I don't want to get behind on those Let's take care of the request inside the tiger's den first the first one coming from kota kota nice to see you Although I can't see you but you know what I mean and his request is a take look at ticker symbol venom Doesn't stick out to me as to what this is. Uh, just I don't remember I don't know if I've looked at venom that is viper energy partners lp and prices trading right now It doesn't show I've got some type of little data feed issue here It's not updating just yet, but I can't share with you that prices really trading at 31 42 not 30 89 has shown on my screen Well above 3103 kota a close above 3103 would be a bullish signal There we go. Now it's up to date because closing above resistance is a bullish signal Now that would suggest price getting back to its recent high out here That looks like the trading session of uh, september 14th Now in september 14th this price was moving up there kota as you know, there were a total of 537 000 shares And the low of that candle session is 31 58 the high of today is 31 50 So that has not hit it yet 85 000 shares have traded hands so far So 85 000 in about two hours of time So 85 times three so we're about two so it's going to be Quite a bit lighter on the volume So but watch, you know, if you do get a test rejection meaning that somehow test 31 58 or above closes back below it Not exactly what you want to see out there But right now a brick trade above the top of the profile is bullish trade above the top of the weekly profile The weekly profile as well as its greenhouse that are in change line is bullish Suggest getting back to those highs same high that we took a look at The monthly timeframe had a td9 count top And uh, as well, yeah, just and I sell the d-point top But both of those things really just took that kota took price back to support that greenhouse that are in change line Price above the top of its monthly profile. So venom looks bullish So I don't sure what you were asking about there I think maybe just to take a look at it, but it's bullish on the monthly It's bullish on the weekly it is bullish on the daily as we speak right now You you're longing you want to add more? So I don't know that I would add more Right now because price pushing into that day in a little swing point with lighter volume But on a pullback for sure If I take a look at the 30 minute timeframe chart here with you just to see if there's been any kind of signals Of any kind of a pullback really the best one came back here at Really at 10 o'clock in the morning. It was just after that on september 27 That was a signal you had a td9 count pattern that formed at about 1600 hours on the 28th, but that pullback was You know no no real bottom signal there um Yeah, I just don't see anything from a pullback standpoint. So I'm glad that you're long That makes sense to be long as far as a pullback. I think you're gonna have to wait just to see if one Forms or starts and then try to identify some type of short-term bottoming signal out there So I do hope that helps you out and you said where would be a spot to add you know Again, I'd I'd really be focused more on the Entredate charts to look for some type of pattern here for example Let's just say that the market turns back down this this market being on turns down from here I'd be looking at 30 01 would be a nice area. That's a td9 count breakout level Remember just like we were taking a look at the es mini pulling back to those breakout areas Even though you don't have a bottom pattern that can be the bottom. That's where price is broken out from So that's the only thing I've got on a 30 minute time frame out there. I do hope that that helps you out Thanks much for the requests um The next question coming in from you know visual and you know, this is inside the tigers Now let's take a look at apple. He'd like to take a bite out of the apple and uh, nothing like a good apple I like those honeycrisp apples and I like the big ones out there for some reason I think that's just a uh now I grew up in in uh in michigan Detroit really area in in one of the in a couple of suburbs, but uh, we stay there be apple trees Um, you know at our elementary schools everybody going out there and just pulling them off the trees and eating them Man, that was a beautiful thing right around this time of the year as I believe yes, September October and there's nothing like going to the cider mill on a sunday Assuming you're not missing a good football game out there All right, so let's take a look at apple out here. What do we know about apple? What do we apples got to buy the d-point pattern it formed that on uh, Monday out there when it formed that little bare bull sash candle Price is really just traded with inside its daily profile support is at 139 39 Resist is at 149 61 price remains below its red oscillator and change line So it's certainly not bullish It should go target that red oscillator and change line currently printed 146 38 The reason why I say it should is because it has a valid bottom pattern of price that usually goes and tackles Um a level of in this case here resistance That would be that oscillator and change line now price can get above 146 37 You're looking at this a very structured profile formed out here So the cell zone would be between 149 61 and 153 02 out there Now the fact that this profile formed below the prior profile tells you that we've got a downtrend in place You didn't need the profiles to tell you that for apple But um, this has um, you'll be careful This still could just be a counter trend move that we are seeing inside the market If I take a look at the weekly time frame out here The weekly time frame has a nice TD nine count bottom and uh, but um That being said price might be headed back to the lower portion of its descending trend channel that is out there That signal would come from the daily by simply closing back below monday's low that low out there would be 140 307 So we don't have that message but that would be the message if you got to close below that Monthly time frame chart nice little TD nine count top It's led to a consolidation basically with inside its profile out there So not much more to add if I look at a 30 minute time frame chart Just for a real intraday type signal out here All that we've got is a nice TD nine count bottom that formed out here at 10 o'clock See coda this would be the type of pattern you would be looking for to add to your position out there Some type of nice bottom on a intraday a 30 minute time frame out there And uh, so what we have right now in a price found resistance near a second TD nine count break down area at the 146 72 So this is just kind of consolidating sideways out here. I don't really have a great Signal on a 30 minute time frame out there So I do hope that helps you out you know visual with regard to apple Thank you again for their request. Let me go to the well, we're going to go to a breakout here So I'll go through the uh numerous phone messages that come in but probably only a couple of them I really request from folks like you that's why we want to hear from eight seven seven nine two seven six six four eight or steve at tfnn.com We'll be 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 metals sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xa u h ui gdx as well as more than 30 different mining equities To sift yourself the types of profitable trades that are recommended within the gold report Sign up now by visiting tfnn.com. 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You were born to be tfnn educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Back folks you got the dow down 323 s&p's off 53 nasdaq 100 213 in the rustle is off 35 We're taking a look at amazon. This is for stash is coming in by email. It says when will return big Lots of laughs the horror while we take a look at amazon out here right now It is trading below the bottom of its bullish structure daily profile out there back down yesterday Where price found resistance basically was the center of that bullish structure profile where you would expect it to find resistance So price above its red oscillator and change line You have a nice td9 account bottom that is in place out here. So what this is telling you actually stash Is that unless price closes back below that red oscillator and change line, which it could 1722 that this may be getting ready for liftoff right now as we speak That's at least what the daily time frame chart tells us the weekly time frame chart would say hey I'm giving you that signal Especially if I can stay above that red oscillator and change line And if we can do that by the way that red oscillator change line on a weekly time frame is currently printed at 118 15 We're creating at 118 62. So it's not like there's a lot of enthusiasm to the upside But that that would be another signal out there and the monthly time frame all that I can share with you here Is price is held It's a monthly profile. It's been consolidating within it. So to speak 108 93 is a key level of sport So then the only way to help stash out here at least intraday So the daily you've got a bottom the weekly you've got a bottom was rose meant to mitigate your bottom by the way We take a look at the 30 minute chart out here. Well, it just turns out that 30 minute chart just formed a bottom It did that at 11 a.m. As we were coming on the air was a td9 account bottom It is a new profile. I believe that is formed on that 30 minute chart It has the bottom of which is 1808 in the top of which is at 1923 Now what I don't know stashes can't price take out the 109 1923 if it can That price will go target. It's also there in chains line currently printed in the 120 42 level So if you've been watching Amazon if you believe that the counter trend move has legs and is going to continue to rally perhaps into election day Then I would say that amazon just gave you the buy signal now It's pretty easy trade perhaps because all you would have to do is put your stop below the low of today 1769 if price closes below that Probably you're looking at lower price and you just they'll go ahead and take a small loss on that It's a danger a little bit day You know it's a tough chart because of the fact that price yesterday found resistance at the center of that Move out there, but you've got bottoms So I can justify Taking the trade out here for sure just use a proper position sizing should you enter that trade in amazon? So I hope that helps you out stash. Thanks so much for the request the next one The next request coming in from uh, alton alton nice to hear from you. He said good morning, steve If you have time, can you please look at roll blocks rblx and adobe? I want to know your thoughts on a potential entry point. Thanks. Have a great day So let's get roll blocks up on the screen rblx Out there. Let's see if we can help alton with a potential entry point into it So right now. Let me just get over some other charts. Well rblx So we got roll blocks right now trading out. It appears at 36. Yeah 36 89 Prices with inside its daily profile Is there any kind of bottom pattern that we've got out here on the daily timeframe for roll blocks? and the answer is going to be No, I really don't have one does not mean it hasn't bottom It means that the patterns that I use like a to b equals cd patterns. You can see that's not even close What I mean by that is here's a to b Right there And all we have to do is basically move this line over to the c leg leg And that's just too far away from it to suggest that the bolster gulping From september 23rd was a confirmed by the d-point. It's not so we don't have that pattern We'd have a td9 count pattern. We don't have a wave 7 pattern We don't have anything it does not mean it hasn't bottom means I don't have a bottom signal for you Alton So you're looking for an entry point You know one entry point could be the bottom of the current profile I don't have an indication yet that price is going to get back down there price did close today below 36 80 odds would favor move back to 34 91 Let's take a look at the weekly and the monthly chart See if there's anything there that can help us out td9 count top has taken price back to support That's its red oscillator and change line the real entry point here Could be then 2740 the weekly td9 count breakout area Let me look at a 30 minute chart. Let's pull this over here What do we have on a 30 minute chart for a row blocks the 30 minute for row blocks is a td9 count top Prices busted through breakout support shouldn't have done that no bottom signal here This suggests that price could get down to 35 12 now you can't see it's going to form bar number seven There could be a td9 count bottom So Alton you may want to watch for that on a 30 minute base to see if that pops up But otherwise this is suggesting lower price So I am going to suggest here that if you're looking for a bottom Those places would be either the preference would be getting back to the 2740 level I don't know if we're going to get there in that case. I'd go with 34 91 as the first area So I hope that helps you out with the garden row blocks adobe was the second request out there adbe is the Ticker symbol for adobe. So let's pull that up on our screen. Maybe we can find some better type of Patterns out here that identified a bottom Well, I can see the td9 count pattern and that failed at a did it fail And leak it failed Yeah, that failed however on monday you have a bull sash candle You can see we already had the a to b equal cd pattern drawn in here This is more than a one-to-one So an adobe generated on monday much like the markets out there was a confirmed By the d-point pattern now prices back inside its daily profile That's assuming that it can stay above the bottom, which is 289 48. We're 291 right now You are looking for an entry area Then I would say now basically in the daily time frame about now would be that spot As long as price is able to hold that 289 48 level the weekly time frame chart says if this was friday afternoon Let's say 359 or 336 instead of 1136 We say this is going to form a nice weekly rosement indicator bottom And if that is the case then we'll be looking at his move up to 322 16 The monthly time frame chart has a td9 count bottom as well. So what you've got out here bottom on the monthly It appears we might have a bottom on the weekly won't know till friday two more days And you certainly have a bottom on the daily time frame. So what adobe is saying is it wants to rally So about now based upon the daily weekly and monthly charts Could or should be your entry area now if we look at the 30 minute time frame What do we have out here? What do we have out there Not really much, but what we do have Let me see where this new profile low is at 292 94 Where's 292 94? Uh I can't see it. So it's it's hidden behind there um You know, there's what I do see is an a to b equal cd to the downside That has completed at the 1130 time frame with that bullish engulfing candle So that looks like this. We'll just simply draw on the a to b line out here And I'll just simply move that over to the c point. So there's your a to b Here's your oops We'll move this over try to I'll leave jeepers jeepers creepers There we go now we move that over and you can see this is more than a one to one a to b equal cd There's your bullish engulfing candle your three river morning star So we should at least see a rally now because here's the issue Here's the thorn in the side Now that I clearly see that profile in the 30 minute base at 292 94 the profile formed above price That says overhead supply. That's kind of like a trap out here And that says this could just simply be a small countertrend rally up to the two 93 56 area out there price can close them up 293 56 And it wasn't a countertrend move and price will go ahead and make us move to the 294 and then the 295 44 level So a bit of a quandary here But if you've been studying adobe and you've been waiting for a buy signal Then I would say now is basically the time if you choose proper stop management. So alton I do hope that helps you out. Thanks much for the request zeroed with tfn We'll be back in just a few 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 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 The technology around us is changing every day with so much happening that 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 Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 and 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 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 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 This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz I was down 281 s and p saw 46 So we're going to take a look at netflix in a moment here Just as a quick aside in an update out here the 30 minute time frame chart As far as market breadth for the es mini this has changed to positive right now So this rally this little rally should continue is what it's signaling to us Now i have 191 instruments above the top of the profile 87 below the bottom for the nasdaq 100 That uh task market breadth for the 30 minute time frame looks like this Also, uh bolus 49 above and 13 below again That was for the 30 minute time frames for the es and the nq out there Let's go take a look at uh request out here from snp inside the tiger's den And that's a take a look at netflix out here as i take a look at netflix What shows what shows up to me the first thing that i notice out here s and p Is why there was a td9 count top that formed on the trading day of august 15th That led to a move lower price moves higher again. There is a road's meant to be indicator top That forms on september 20th right back where the td9 count top formed So what this tells me as i take a look at this it confirms the uh sideways consolidation Price right now is pulling back into its bullish structured profile prices closed below its bullish structured profile a number of times on a daily basis Since this consolidation form So i would be care i would be cautious and say i'd prefer if you're looking to add or enter your position netflix I would say it would be more likely between the 216 and 222 area versus the bottom of this bullish daily structured profile at 226 48 Just my thinking at this stage here If i look at the weekly time frame chart, you've got a nice confirmed roads meant to mitigate our top Price was above the top of its weekly profile. So that looked pretty good out there on a monthly basis I got zip zilch nada with the exception that price is actually trading with inside its profile. So Let's try to look at a 30 minute time frame. We're not going to try We're actually going to do it out here in the 30 minute time frame chart for netflix shows us what? It shows a td9 count top out here. That was it that formed at done october the fourth That was yesterday Price pulled back found supported its breakout level and it's now below that oftentimes when you close below one level of sport You move to the next level of sport in the case of netflix. That's at 222 17 No real bottom signal the bottom signal that it could form don't know whether it will It'll take a while because only bar number five I see you've got basically five more bars after uh, noon So you're looking at about 230 or so is a td9 count pattern I don't know whether we'll form or not but 221 17 is what the 30 minute chart is suggesting as a potential bottom area And that gets us close to not to it, but that gets us close to well really it's in the bottom It's below the bottom of that bullet structure daily profile But I said 222 42 is an area where you can start taking a look at putting on a position for netflix out there So hope that helps you out snp. Thanks so much for the request now back to the charts here The es mini charts. Let's go see what those are telling us at this stage. So what we know right now Five-hour time frame bottom of its profile. Nessence is held the same thing for the 240s Well, it's green us that are in change line You do have a hammer candle that looks to be forming here But this candle will not complete for another 15 minutes So I don't know whether it will be a hammer or not it is going to be bar number eight But in order for a td9 count pattern to form the close At two o'clock is going to have to be below 37 66 25 All right enough with the es mini. Let's go take a look at something else. How about goldilocks? Let's go take a gold and silver. Let's actually start with silver So let's take a look at silver. It's been been on a tremendous run out here And today it may be forming may be forming a sell the d-point pattern So what you and I want to do is look to see where silver may be pulling back to So we've got the silver charts out here You've got a bearish engulfing candle as we speak right now That may not turn out to be a bearish engulfing candle at day's end If it does then it suggests that what silver wants to do is pull back to test its oscillator and change line Which changed colors yesterday and that would then take us down in towards the 1948 level Got wave number seven pattern on a five hour time frame chart out here price below the bottom Which profile suggesting lower price as well td9 count on the 240 suggests 1925 as a target We said 1948 on the daily time frame td9 count bottom appears to be forming on the 120 minute time frame at the profile support td9 count bottom is Not going to complete As we come into the 12 noon time frame on the 60 minute time frame Unless we see a pullback in the next 13 minutes and that would require a close below 2032 We're 2043 right now. So if you do get a close below 2032 at 12 noon, then you've got a td9 count bottom on the 60 minute 15 minutes got a rose meant to mindicator bottom price above profiles. That suggests a further rally 10 minutes as it suggests a further rally Hmm Confusing messages Confusing messages out here The daily is the one that's going to be the one to really focus on on so if you do get that bearish reversal candle It does suggest we should see some choppiness and a further pullback into in silver and at 1948 being the target area I request this popped up in the den from agape Who wants to take a look at pan american silver? So that makes a lot of sense after just taking a look at this silver out here P as is the ticker symbol So let's get that on the screen here For mcguppy and let's go take a look at what it is signaling to you and I So pan american silver trading right now back below the top of its daily profile The top of that profile is at 1535. Oh, there's a brand new profile. That's interesting. This is not going to show up on this system here um Mcguppy, but on my black background system. There's a new profile that has formed. It's below price That's a bullish message. It does not mean that price will not pull back further The pullback that where we could see price pullback to be 1535 the top of that new profile Almost lines up with that red oscillator and change line on a weekly time frame You have a buy the d-point pattern as well. This suggests that over time price should go target 1796 On a monthly time frame. We don't have a bottom signal out here The daily was there a bottom signal? Yeah, I'm sure there was a buy the d-point if there was on a weekly There most certainly was on the daily time frame So what does this say? What was your question? Look at gold silver and pan american silver. Got it. So we already took a look at silver out here Let's look at a 30 minute time frame chart interday for pan american silver And see if it's giving you and I any kind of signals out here So on a 30 minute basis You certainly get a sell the d-point pattern The little dark cloud cover Here's the new profile a new profile overhead on the 30 minute man talk about these markets generating confusing signals So that says overhead supply and that price may want to head lower or in fact should head lower out here So with regard to pan american silver, this is suggesting the 30 minute chart It suggests that we should see a further move lower And I would say that that range Could be down to 1551 Up to 1535 1551 to 1535 would really be the target area That's what the charts are communicating to us at 1149 My guppy, so I hope that helps you out. The last thing was to take a look at goldilocks out here Let me see if we can flip back to our interday charts out here Let's put up the gold contract see what kind of signals we might get off of it Give me a moment get this populated here We may have to finish take a look at gold we get back from this break We've got about uh, maybe 15 seconds or so what gold did was it got up towards its td9 cal breakdown here That's at the 1742 area support for gold to be 1695 70. That is the top of its daily profile Got a td9 cal top by the 240 trading into support. You got to watch the 1706 90 level Closed below that we're headed to 1667 the 120 minute chart may form a td9 cal bottom pattern out here We'll come back to this as soon as the break is up. We'll be right back Vista gold owns and operates the largest undeveloped gold project in australia the mount todd gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained cibc capital market assistance in evaluating alternatives And in completing an accretive transaction vista gold trades on the nyse american and tsx under the ticker symbol vgc Vista gold executing a strategy to create shareholder value 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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So back to uh gold out here We're going to find out just how strong gold is what I mean by that is You've got some nice valid tops out here on the interday time frame charts and price all pulling back to support areas 240 we talked about its bullet structure profile the 120 minute chart is going to complete a td9 count bottom of 12 No, remember it's a two-hour time frame chart and it can be the bar following bar number nine that identifies love that pattern You've got breakouts for it 17.06 40 You've got a wave seven bottom on the 30 minute time frame chart But price has been unable to take off their red oscillator and change on it If you can do that really the level needs to take out to tell us about strength the 17 21 40 bottom patterns on the 10 And the 15 minute base. So we're about to see, you know, you gold should bottom Basically right between now and 2 p.m. If not now as we speak out there It'd be helpful for uh the price to close web 17 21 40 that would add to the idea that a bottom has formed Two more requests have come in we'll try to get to those one from a hector who wants to know is it uh is now the time to unload On the xon mobile and I think the answer to that is no it's looking very strong Daily weekly and monthly out here daily today taken out a td9 count breakout Uh level you've got volume today so far 15 million shares moving into a swing point that had volume of 23 Million shares that says absolutely positively not unless you really want to sell hector There's nothing against selling and taking a profit But you're moving to that swing point with volume suggests a test of that swing point high And that's up to the 10156 level you're above profile in the weekly above its green oxygen change line That says wants to move higher your above profile And the uh three not certain change on a monthly that says it wants higher price as well By uh look at the well, I won't look at the 30 minute chart out here It says stay long tesla tsl a is the uh second request this one coming in from uh I'm not sure who oh michael p michael p nice to hear from michael Our short tesla just covered doesn't look like it may make a move lower So tesla it does look like it wants to move lower. That's if it closed below 236 89 It's negating right now. I don't know what it would be like at the end of the day But right now it's negating a daily td9 count bottom So in favor pull back to about the 222 58 level folks stay tuned for some great programming I'll be back with you tomorrow on terrific thursday. Please have a wonderful wednesday. Thanks again for joining me. We'll see you tomorrow