 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now, toll-free at 1-877-927-6648. Good morning everyone, Basil Chapman here on this Monday the 26th of April. Dows up 23 at 32,750. Look, this is not a great pattern at all. You've gone up in this pyramid pattern almost like an Eiffel Tower straight up straight down and now you're storming but look that 9-period moving average is still above the 14-period moving average even though we're making low lows and low highs. Days young we can see what happens today. I was anticipating based on the Chapman Wave Tringage high reading on Friday that there would be a good rally in the S&P futures to help the general market and even though we are short one of the indices I'm looking at this and saying it's a process and you can see the process. Look, he has the one minute chart that 9-period moving average, even though we made a doji, two doji candles at that peak D, I did use a phantom peak right over there. That's why that's still red and I lifted it up here because it eventually did go to that D but in this particular instance what we're looking at is this is a rebound and 12 points in the E-mini after being down so sharply recently. I just say that that really comes into the category of bounce and I mentioned in the den I was asked this is a potential two-click session meaning a lot of work I've done over the last six months or more actually it's about the last year they've been trying to figure out the criteria that gives you a really good chance of getting the low in the morning sometime going one click having a reasonable stop and then holding it all the way through until maybe eastern time two o'clock very often it goes all the way through to the closed if it's that strong at two o'clock it could go all the way through to close and then you click and you're done so I don't know if that you don't actually know all you know is that look at this 10-minute E-mini chart and the reason why I'm taking a little time here is because this is exactly the process that I said I'm anticipating based on the nine-period moving average over the 14 and all the different indices so let me just show you it has a 10-minute chart when it crossed positive at about 7 40 this morning around about 43 82 85 in the E-mini it ran all the way to the 43 almost 43 90 went to 43 yeah it did go to 43 90 but then it pulled back to the 43 82 level but look what happened that green nine-period moving average stayed green even though there were three four candles underneath isn't that remarkable it didn't go pink the Magdi held its support the unbalanced one house sport the stochastic held the sport relative strength hell and look what happened you've got the screening rally from 3 43 82 to the high just a moment ago at about 44 0 3 so the answer is yes it's a it's a tremendous possibility but I would do it in in other words if you had a couple of positions absolutely right here I would I would definitely take something off this is what a money management I'm not going to say hey this is fantastic to be one of those two click sessions I'm just holding it regardless no you're still going to use money management if you want to be successful at this so the answer is yes it could be but I've just typed in oh I wish I had time now should I make time yeah I'm going to make time so let me show you what I did so over there the 43 80 level on this retracement at 930 it turns around I don't I don't explain the whole thing other than look the nine-period moving average cost positive it went from peak A to leg B remember it's a leg B all the way I didn't do anything at this particular double top with two exact look this 40 43 94 25 43 94 25 that was at 940 and then 941 this is a one-minute bar I didn't want to do anything there but when we got to that leg C this leg actual leg peak right here which I called leg B I said you know I the way the nine-period moving average is acting this is really fabulous action but I would just go sequentially in the alphabet that's one of the techniques that I teach in my in my webinars and in my analysis of the chapter we methodology so I decided I would make that a phantom peak and therefore I say in the chapter we methodology it's a legitimate phantom peak therefore change the color to red to say that's not real you didn't make a peak which you did in 25-cent increments it's did you have a little hiccup in any of the technicals well on balance volume we gave you that hiccup right there so I used it it went to leg C and I went to what I call leg D and right at that point I said okay one of the positions money management got to get out but that doesn't mean to say it's not necessarily a potential to clip position that's bottom money management money money management and then what I do is in the chapter if it does go to their D and so often if you use a phantom peak it'll actually be strong enough especially when the 90s so strong over the 14 especially in the MACD so good especially when you get a chapter we've squash where the stochastic is run up so quickly that you get the squash that's the reason why I put the stochastic below the MACD it's the only reason that other than clarity and then what happened is that tells you you should go very quickly to a peak A to a peak P peak C and then slow down as the torque of the stochastic hands you over to the momentum of the of the MACD so then what I do is I want to magically slide it over and say okay that is the legitimate D that is a legitimate C and that becomes a legitimate B and not a phantom peak I just keep to be to say this is one that I did use and now what is that has gone to an E and the tech the technical analysis I did here seeing that this little hiccup right here 10.05 10.04 was lower than those left side lows I said I don't think this is a brand new A everything about it has a weak MACD a weak stochastic nine-period moving averages holding okay but it's really starting to weaken I'm going to call this a peak F with a really good chance that this is the top in the one-minute chart and it corresponds to the doji candle peak E in the 10-minute chart and the five-minute chart screamed to D and then it just popped up to that E and now everything's in sync to say right here is where you can expect some kind of a consolidation all right and that will take us to the 10-20 time frame and at 10-20 we'll see is there a brand new series of of of by signals that come in etc etc but technically this has given a peak F you've gone negative and now we'll see what happens or that's in the one-minute chart and a leg it's still only a leg E we haven't got a confirmation that it's a peak well you have to wait for the full five minutes a peak and then we won't have a confirmation that there's even a down candle other than just a rest of period and there's still a leg E in the 10-minute chart that's how I like to do it now why did I take that moment to show you this is exactly what we're doing here look the MACD strong stochastic strong unbalanced fine not that great but still pretty strong considering that it ran all the way up to that leg D then Chapman wave peak D on the 16th of 16th of June at 34,588 and then you go to Chapman inverse or reverse upside down Chapman wave Roman candle all those criteria were met the next day by gaping down then you got another Chapman wave red Chapman wave Roman candle and all the criteria were met and now what we've done is we've gone three versus this is the fourth candle so far that is underneath the lower that particular candle of the 20th of June I'll be right back now's up one it's a bees up 10 TFNN has launched the Tiger's Den 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 the Tiger's Den available to all Tigers and Tigresses for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com You might think that if you want to be successful at trading in the stock 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because this is what people do if they're going to do any training at all they'll maybe have the s o x s with the three times short well s o x l two times long the semiconductors or the s b x l s b x s long or short the future the s and p whatever it is doesn't matter and you can buy at the bottom well we don't know it's the bottom but you buy what you think is a low and as I say it's preferable that it's way early it's early so then remember a lot of people say oh I'm just happy as a claim getting the middle I always say yeah the middle is great but it isn't it better to try to get the outer edges the top or the bottom remember we made that peak D in the Dow that was a leg D on that Friday and then the Monday we pull back and everything about it said to me that is a D it's going to be serious this is where you should be shorting exactly here because we've got the lows for I don't know how many years now uh at the like we start you know about holding the October low and the diamonds and the UDOW we've got the low in the II that's the Baroka dealer ETF back in October oh that was back in yeah there was that March or 2020 April we got the low in the DBA when you get the low or the high it gives you that leeway that's it you know how you make a low and then you if you're right it shoots up and then it gets really choppy it makes the dreaded H is successful H or whatever it is or V shape pattern but it pulls back before it goes to higher highs and higher lows you want to have that security so the chances are that if you get in low enough or high enough that that period where it's so choppy that it just gets taken now you have to get back in you have to get out you have to get back in so the idea is you want to get in at what you think is a really important low and then as it moves up so look as I said before here's this now we're making the dreaded H in the one minute chart and all of the supplies I'm doing this now in the in live because this this applies it's a fractal it applies to the daily chart repeat chart monthly chart makes a difference and as we're looking at this if the e-mini trading it up now only six points at forty forty three ninety five if it suddenly starts to trade I don't mean just nick it but trade under four forty three ninety one wow you've got a peak e in the ten minute chart a peak e in the five minute chart a peak f with the head inverse head and shoulders you know now it could pull back you don't know but look how strong the nine is in the in the five minute chart and the ten minute chart the green nine period moving average over the black 14 period moving average that's this there is a chance that this oversold condition has a little bit more of an upside but that's what I'm saying so the two quick session is you get in at the low and then if you can survive this whole period between I'd say 955 am to 1020 but preferably preferably I'd say not 1020 I'd go to all the like like 1040 and that's second that really the third part of the trading session starts after the first hour then I think you there's a chance that you can actually have another buy signal buying to buy mode and hold especially if they're five and ten minute chart are holding their nine and fourteen's very nicely and the price expands over the previous high so that's what I'm saying and the real preferable thing is to put your buy in early in the morning or your cell if it's you think the mark's going to go down for the rest of the day and just put in a stop and as soon as you've got a really nice profit make the stop something you're comfortable with and I don't do this I'm starting to practice to do it and then not look at your screen for that position we're looking for others but not for that position so all I can say is that's the technique I'm trying to develop a plan that says these are the things criteria that you look at wow it changes I mean when you're in this oversold condition now let me go back to the general market when you're in an oversold condition because for five or six sessions uh look I've got the stock weave communications I can't remember now if in my overview video that I do for subscribers about an hour long video every weekend I added this or if I did it last week but these are screamers well it's out of the screamer category because now it's over 10 it's at 10.23 up a dollar 10 but right here it was holding C the nine was so fantastic I thought and then I over thought of thinking weaver communications in the communications area where AT&T and Comcast and all these other communications stocks have just been hammered uh is this weave weave weave communications anyway wrong do your homework just look at the chart and stick with it and I just want to see I think that that may buy a penny say 802 802 yeah there it is so yes your leg D we want to and also it was in leg D like this so come on can it keep going yes it can it can it can so the other question was um I want you to look at this DBI DBI is uh designer brands oh I did this last time this morning I had to shut down trade station because it suddenly froze up I don't know what's going on with all my different thing electronic stuff that's going on these days it's not pleasant I do my work I would love for that all these different facets to do their work but oh no no no no no so look this is a I remember doing this last night so this is a I think that was by by penny a the yes I think it would be I was C and that was D and this was saying to me hey this thing loves to go to a D daily chart I don't know about the weekly because this is only in leg B um and this is DBI design there yeah again I thought about last night that should I put it in for subscribers this morning a beautiful streamer it closed at about nine fifty on uh Friday MACD was good stochastic was good the on balance forming was good everything was good and then I said designer brands designer I've looked at this once before we was on its way up there well look what it did today it's up 3.73 percent up 35 cents at 9.88 so I don't I say if you can get in at the bottom look how much room you've got when you're making decisions as it starts to rally all right so here's one just keep it on your list if you want it's certainly online on the next pullback is already gone to leg D but 10.30 is the 200 period exponential moving average that looks to me like it'll become a magnet if this can get to the nine 98 area all right so enough with that now let's let me show what I'm looking at down down now down 16 I this is really this is when you consider what we've done a horrible reversal candle on Friday the whatever that was 16th and since then we're making lower lows and lower highs I don't know about today but so far it's a lower high but I never think you're lower low because the s and p it hasn't given any signal yet today if it's closed it's negative it'll become the sell signal probably a sell signal but it's hold beautifully but it is off his eye and we keep you through same thing we're there 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 it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN Educating 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click the think or swim banner on the front page of TFNN.com I guess the question came in from the den Napa which is dark horn portfolio and this is our colleague over there in the in the den who loves to look at the biotech so I'm looking at this and I'm looking what what the first I do the analysis then I look at the price then I look at the what it is dark horn portfolio I'm thinking what kind of a biotech is that what is wines it's made this art formation holding yes the left side doji candle low in the 12 I'm guessing 1270s nicely it's got at 1312 this is the pattern that if it holds well can produce really good results on a trading basis to break to a new level above 1465 to say hey I'm done with all that downside action in the 13s and 14s a lot has to happen I don't see it happening just yet until give me a yell when you see this at 1363 yeah it doesn't mean it's 50 cents it's a couple of percentage points higher but until it does that that left side law I think is still a target so yeah okay the meantime yeah we want to go to the high grade copper high grade copper at this point is oh I had to do that oh man can I lose all that information that is so frustrating it doesn't take me more than a second just to put it in but I'm going to put it in with the down arrow high grade copper has pulled back under the 14 period moving average but the nine is still above it but the price for the second time is sharply below I'm considering this a sell signal I don't yet have have it upgraded to a sell mode but if that continues and I showed this on uh Sunday when I did my overview for subscribers uh would the ice shares global timber frost remember I like to put these two together because they are international measures of business activity or building activity um yeah this is what you've got to be careful of now besides the fact that this has got a dreaded h pattern in the weekly chart for those of you you know my pattern called a falling axe formation you know we've seen this it happens very often with the gold the gdx or the gld it's the inverse of the falling axe formation is the inverse chapter where you falling axe which becomes like an h pattern that goes to an m pattern and that just says if the ice shares global timber forestry edf actually reverse sharply lower and the weekly chart closes underneath the low this is wood wod under 68 75 I'm going to have to make it under 67 I've got to give it a little room under sorry 60 67 if it closes under that then that left side low that was made all the way back in september of 2022 of 60 few 17 becomes a target right here it's imperative did you see how what happened uh dan you were looking at that h pattern in uh what was the stock we were looking at just a moment in nappa was it nappa yeah so look it held just barely but it held so it had a good rally and the rally says if you're holding the left side low in the h pattern then you can and you haven't taken it out or touched it then you can rally but you need to close three out of four three out of four bars above the high that was made in the arch or two out of three usually I like to extend it if I can but two out of three above the high of the 23rd of uh may and look what happened it went once closed below it once above it twice above it third time it came down so that's where you do an assessment and the assessment said that has to be considered because it was that's the low on the left side back in april or beginning of may so it never took it out so this continues your extension of it of a an alternate count east dash b now you look at the technicals the technicals are weakened horribly but today is a good day up 47 cents 70.34 but the way I'm looking at this it looks to me like timber forestry edf wood is starting to deteriorate in the technicals all right so I did that I did that I had a question about uh where was it oh could you look at the slx so I didn't do this on the weekend because I wanted to do a little bit more work yesterday on these and I did do some work but I don't have it quite updated as I thought I had this is the van agvector steel edf look at this weekly chart how it's rallied hasn't taken out this left side heist done the h pattern now it's attempting a second one but look the 9p removing average has crossed and I think it's today not Friday but today to give it an L I have to wait the whole week to see if this L which means long means that the justice indicator the 914 has gone positive the mag D is still weak is very close to turning up stochastic's improved and on balance volume is very weak the daily chart has good mag D lousy stochastic a relative strength is okay in the 52 ish area on balance volume is quite pathetic and that says to me where's the 9p removing average very strong and you've got a very nice rally and that's what I was saying to subscribers it is such a diverse market in this particular time that when I looked at say caterpillar caterpillar had pulled back but was still holding quite nicely if I look at pave which is the pave which is the etf for it's the global x infrastructure development and it's the etf it went to a pig D last week today it's just under it but it's holding very well and that's the reason why I said we've got to be very selective we want to keep our lungs we want to enter the lungs when when there's a sharper pullback and at the same time the shorts we're going to go for this particular point just for an etf and we'll have a smaller position in a three times short and that's the way I'm doing it right now we tried that with the semiconductor index because stopped out for a very small loss I did not expect that the smh's look yes smh that the rally would give such a strong inverse yes there's an alternate count that says a potential pd would give such a strong inverse uh three to one short position uh slide so the s o x s whoa don't type it there type it here the s o x s and all I'm expecting here in the market generally is a bounce and then we start to move down I thought that we would hold this nine period exponential moving edge we went under it with eight ten point sixty three and this is a leg eight to the upside right here I think that this is going to go higher that's my what my eye says is for the first time the s o x that's three times short the smh's because that pink nine period moving average is moving steadily higher it hasn't crossed positive yet it's got a long way to go look at the mac d the way it's moving up with the stochastic at 45 percent look at the unbalanced volume and this is just suggesting to me that you have a situation here forget about this oh I'll have to do that again forget about this weekly chart having gone to in trough g um g-c actually g-b but this is the one you want to focus on and just says to me if you're looking at the smh's this is now on a short-term basis I'm talking about daily that's not near-term intraday this is a short-term basis if you look at the weekly chart it's still very strong look slow very look at that cluster formation just under the 159's high that was on the left side way back the the in november high it was made look at this i was 155.494 still very good action but in a digestive phase so that's what I'm looking at I think if the smh's has started to change under 145 I think we've got we've got more of a downside moved to go 1044 is to be done one off would be like that's a jump I think the gold 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 xau 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 are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to tdmer trade network and cnbc tom obrien founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom obrien'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 biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit direction investments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz i'm going to go back to the sbs down 575 let me just say i always look at three core patterns straight up straight down that's one cup formation that's two and arch formation that's three and a mix of one and two and one and three yes one and three the dreaded h pattern where you come down sharply then you have a balance and it fails at a peak a or b and then it takes out that left side low called the dreaded h because it can go a lot lower this is the very positive y pattern because if it takes out that reverse y if it takes out the left side high it can go a lot higher well what happened here i discussed it live on air and i said yes that dreaded h pattern how it holds this level over here is going to be very important now i didn't have a chance to do this i probably should have done this while i was talking what i would normally do is i'd grab the left side low i look at bar symmetry it's just a really important component and then i look for a particular candle and i'm over here right i have no idea what's on the right and i'm thinking okay if this takes out that left side low where would it go to so i try to get a visual measurement and i say if this is bar symmetry and this is my plumb line right here at the two candle doji starting off with the leg f goes to peak f doji a second even tinier doji that just says to me watch out there's distribution going on there no you can't get higher then what i do is i grab that and all i do is i go click you don't have to have the rectangle you could just have a line it's good enough and then i'm pushing to the right and i say okay if that's going to be my target then i'm going to join a particular peak on the left side and see if i can get it to go uh to where i think that line goes uh just for the moment i'm going to say extend it i don't want to move it to the right until i finish this uh wait wait wait extend to the right there i'll extend to the right there we go so and i'm going to join this green line right here to the right line with the plumb plumb line in the middle right that's the bar symmetry like a mirror image and it should go i think i'm going to miss it because i i don't want to move to the right but i would draw it so that this particular peak that i've chosen right there takes you as a chap weight inside which target support line and usually i'll make it uh green uh pink on the downside green on the upside and the dashed line and it's to see where that takes you this is there's nothing i can make up this is this is what i do i choose the candle that i think is most important at a peak or just around a peak if it's a doji candle i have to look at it carefully then i do a measured number of bars on the left side to the midpoint should equal the number of bars to the right side so let's see where this goes all right so this one here it looks like it was perfect but it wasn't perfect because i extended it and i couldn't really see it i don't want to extend it out i would have gone right there i would have put an x x marks the spot right there i mean isn't that fascinating how does the market know how i mean how does it know to have that kind of symmetry and now what's happening you got the vish w the w or v shape pattern in the on balance volume sarcastic's turned up on balance sorry to improve and there's a bit of a bounce and it's called a gray leg a why is it gray i don't have a bicycle or a bar motor anything yet i've just got the first turn around so i just thought i'd do that live and the reason why i want you to do it is because we can do that here uh this is the smh's so the smh's oh where was the chart that i wanted to look at i think it's the diamonds let me just go to the dow diamonds that's why oh yes look at this i typed this in and i spoke about it the other day and i said i don't believe this particular pattern even though it's got all the criteria that a lot of people use for head and shoulders they are different you want to slightly lower right side or slightly higher whatever it is but i look at it and just say it's real simple you've got a left side shoulder here this is make that red so you know what i'm gonna make it pink pink yeah and you've got the head right here and then you've got your matching shoulder on the right side at about the same level actually and that makes this the neckline right here but it turns out that in the diamonds look at the price look at the the symmetry the number of bought bars from this weekly chart that i have the 16th the week of the 16th of december at 148 22 you come down that's your midpoint or right there and you go to the right it's almost the same like a mirror image pattern and what does it do it goes to this high in leg d remember this is a peak a that's a peak b this is an a and a b but it's below oh i lost it i'll have to do it again a and b but it's below the previous one and i haven't got a confirmation because the stochastic's going under 80 that this is a buy mode uh yes i call it that's great because it's underneath that one and then it goes there's your next peak below remember this is your starting point right here for the count right here yeah right there so that's peak a peak b peak a peak b peak c and finally get your d in exactly the number of bars but it's missed it by about a point or so about two points going to that left side high and look the nine is still holding beautifully uh the mag d is just turning negative it is it's it's quite good stochastic's at 81 that's good on balance volume very weak so i just thought i'd show you some of the patterns that you can use in your you don't need any spectacular um equipment or software anything you can just do it's very quick very easy to do i don't like to do it over and over with because trade station um closed shut down without saving everything even though i saved it if it's the spur of the moment it activates something that just says ups uh a fault and then you've got a an announcement that says uh it'll close down easy language easy language isolated services is encountered a problem we are sorry for the inconvenience i've been having this for over 20 years and i've notated this very quickly each time but i'm getting tired of it i don't know how much more i can do notating it i should i should originally i i should have my original going from super charts to um to trade station platform it's the same same company when and then it was taken over um i should have my ones going back on a daily basis all the way to 2000 but i don't there's there some of them are there somewhere but not where i can see them okay all right with that and i'm not complaining about actually trade station is pretty it's a really good i mean look at all these different techniques different tools you've got it's a fabulous platform it's just that i know and nothing here's automatic you know we and steve rose if he's had a shutdown suddenly you come back and you'd have all these chapter wave notations right there i do mine by hand and one of the reasons is i've looked for instance how am i going to program that a and that'd be that c and that d when that a is under those previous a's because i have to tell it that that was my original starting point it's going to give me all sorts of readings for things that i've never looked at i don't even know about that has nothing to do with my methodology that's the problem that's why i still do it by hand anyway enough with that i didn't want to spend time on it and i did so just go back to our charts now i want to do some other things so the tlt i didn't want to take too much time with tlt either because i just think that the rates are in a range look here we are it's in a range it's gone to with d it's holding steady and nine's over the 14 mac these goods the castings and 76 not great but it's good unbounds one's not good at all rentals truth is okay so i'm just i'm sure that i've been saying it for about a year now that rates are stuck in a range i don't in breaking yet to the upside i don't see the break to the downside in the rectangle pattern what we're looking at is a lot of action that we've been looking at for the last many weeks in fact for the last month or so has been underneath the midpoint of the right now i'll be back thousand out for seven so tfnn has just launched their new trading room the tiger's den 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 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if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com so the 10-minute e-mini look at the 9 period how strong it was and it's still very strong look at this really nice candle this is like a chapter we've been chapter we roman candle on the upside if the e-mini closes above 43.92 for two out of the three next three candles 10 minute candles then that 43.95 200 period moving average could be hit again so um just one step at a time but it's really interesting you had this sharp move down from the high of the day 44.03 round number I believe and then comes all the way down to the 43.80 level here it is at 43.91 and that nine period is still active meaning that if this was a two-click session you were basing it on the nine EMA that one as I said if you if you had a couple of positions one was a trading one absolutely on the one minute chart you had to get out just money management and this one you could just hold and say hey if you haven't taken me out if you're in in the 40 above 43.75 and you're still holding that's the one that would be the two-click session I don't know you don't know nobody knows all right so with that said we've got a couple of things that we did technically I want you to show you I'll do a lot more tomorrow I wanted to show you Amazon Amazon did very nicely on Thursday then again on Friday doji candle and now it's extended now it's gone to this leg D alternative count leg D leg C in the weekly that means it's still very very strong even if it pulls back some so that's Amazon let's just go to the what was it I wanted to go Apple oh I did Apple earlier on Apple's gone to a C I said if it goes higher than this which is dinner Friday then I can only call it a C leg C so there is still strength and it's isolated strength in various stocks but it's important to to monitor it because I don't want to have make a blanket sacred I'm saying this is a selective correction that I'm looking at and I think it's going to go on for about another week or so hey have a wonderful rest of the day stay tuned for Steve Rose and all the great programming check out my opening call my daily newsletter