 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 Morning folks welcome to the August 23rd the terrific Tuesday edition of today's Trader's Edge show I'm your host TV perseverance Rhodes who absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day Let's make sure we have an extraordinary one of the easiest way to do that It's always remembered that life is happening for us Not to us except for this little coughing incident that I'm not dealing with right here But I guess that's happening for us as well. So here's the deal folks I would absolutely love to hear from you so he gives called 877-927-6648 now if you can't call then we've got you Covered there too. You can always send me an email now Send that early send that to Steve at TFNN.com and inside the subject heading If you'd be kind enough to put radio show question and inside our tiger's den we'll take any in every ping So please gifts call 877-927-6648. So let's go ahead get this show started on terrific Tuesday Of course, this is Tiger financial news network. I'm Steve Rhodes. Welcome to the show right now We've got a mixed bag out there. You got the Dow off 155 about a half a percent One tenth for the S&P and we're basically flat. We're off six points in a Nasdaq 100. We're not flattened the Russell That's up 10 points a half a percent one and one tenth percent for the S&R for the semis That's up 32 points trend is up a half a percent or 67 So truly a mixed bag out there gold's up 17 bucks 16 17 65 separate there silver's up 22 cents That's up one and a quarter percent 1910 as a print like to recruit up 340 93 78 natural gas is up 9 cents That's right out of 973 the 30 year treasure up 13 takes 138 10 is the print there Leave the charge dollar wise the upside. You've got the Paloal networks of 51 bucks or 10 percent Tesla's up 12 bucks pioneer natural resources up $9 that's 4% John Deere up about 2 and 3 10th percent nearly 9 bucks and lamb research up 8 bucks to the downside at zoom video down 13 That's 14 percent golden Sun education down to 13 and change. That's 38 percent Take a cloud technologies off 12 bucks or 28 percent. So we've got some shakers out there And of course, we've got some movers. So let's begin Let's begin this way But it just changed screens here I'm treading lightly trying to not do as much Breathing in and out just to get rid of that nasty little dust particle or whatever was it got inside my throat In any event here are the NQ charts now the largest timeframe that we have up here is the daily Time frame you can see that their prices blow the bottom of its daily profile and one price target to the downside Would be 12 191 75 that is its TD 9 count breakout area. So that's definitely in play. However Each of the intraday Charts that we now look at have bottoming patterns the NQ the five-hour chart has a TD 9 count bottom It also may trigger while it's triggered a roadsman to indicator signal Depending on how this five-hour bar closes you have a key reversal bar going right now Your price closes one tick to the upside now That's not going to be till 2 p.m It's a five-hour chart, but if it does close the upside then what you have is a confirmed roadsman to indicator bottom pattern for the five-hour NQ as well with price targeting its oscillator and change on it 13 055 a price a close above that would definitely say We've got more rally now more rally would be 13 149 would be the next resistance level on the five-hour timeframe In the case of the 240 it has a TD 9 count bottom. It has a by the D point bottom as well And we can see that this morning's rally Found resistance at that oscillator and change under the 12 994 area the two-hour chart has a confirmed roadsman to indicator bottom Price is trading with inside a bullish structured profile price likely should target the 13 064 level the top of that current profile 60 minute timeframe roadsman to indicator bottom 30 minute the same pattern out there 15 minute the same pattern out there But 10 minute add in the 15 minute A completed sell the D point patterns and that has led to price pulling back the test support Support is 12 881. That is the bottom of the profile for the 15 and a 10 minute timeframe There's also breakout support below that of 12 844 But if we're going to summarize the NQ here, which I'm going to summarize for you The NQ is attempting to form a bottom At all of its timeframe charts the exception being the daily timeframe out there So just something to think about let's go take a look at the es mini. We're going to see the same set of patterns out here Pull this chart up here momentarily And on the daily What you'll see is prices below the bottom of that daily profile That does open up the door for a price move down to 39 38 75 the TD 9 count breakout area As these other charts populate no populate here momentarily What you're going to see is bottoming patterns for all of its interday time periods as well Although the five-hour chart is not yet completed. It has a TD 9 count It has a by the D point bottom out there. It's got a couple hammer candles out of form It also has triggered erodesment to indicator signal Like the NQ The price closes one tick above the open by the way the open of the current right now This is not till 2 p.m. But the open of the current five-hour bar is at 41 38 50 if price were to close at 41 38 75 That's one tick to the upside that would be a confirmed roadsman to indicator bottom Both those patterns Well the TD 9 count to buy the D point and then you add a roadsman to indicator bottom signal Certainly suggest targeting that red oscillator and same sign 41 81 or so If price closes above that then you've got to rally potentially up to 42 85 or beyond four-hour time frame chart TD 9 count bottom By the D point bottom Which is a Gartley buy pattern and it also has triggered erodesment to indicator signal That suggests that if that was so you already got bottoms out here, but you just had a third one. Does that make it more impressive? No, but doesn't impress you it impresses me perhaps out there But again still price has to take out resistance levels Now the cool thing about each of the the charts are the NQ and the es that we're looking at is if the lows Get taken out right because we have all these bottom signals for these interday time periods out there Those lows get taken out They definitely are signaling to an eye that price wants to make its way back to the 39 38 75 We'd have one caveat to that and we'll come to the caveat But if you look at the 30 minute time frame chart roadsman to indicator bottom the same on the 60 the same on the 15 and With regard to its 10 minute time frame chart out here price struggle that is TD 9 count top out here that formed it about What 430 I believe I was about four and 430 in the morning out there and that high That yes, meaning needs to close above 41 57 If price can close above that it signals a you know a likely move to the upside out there So right now You've got all these bottom signals We've had we take a look at the 10 minute time frame chart price pullback test levels of support 15 minute chart the same way Out here and so this is suggesting the market really wants to rally If we pulled up the dow equity future contract charts, we would see the exact same patterns out here Intra day bottoming signals So tells us that the intent of the market is to rally beyond what it's already done today But if those laws get taken out well, then the message gets changed and that message would say We're headed to the downside with 39 38 75 being the likely price target So we're about to go to break out here still a mixed bag the dow is off 123 The s&p is off two points seems like the throat here has recovered and that is a beautiful thing Steve Rhodes with tfnn Purchasing powers eroded. There's no better place to protect your harder and money than in gold This the gold's flagship asset is the monk cod gold project in the northern territory of australia This is australia's largest unveloped gold project We are talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure In a politically safe and friendly mining jurisdiction This the gold just completed the mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16 year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes mount Todd as an attractive Dearest pot ready development stage gold project This the gold trades on the new york stock exchange under the symbol v gz 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 Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon Sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn. All our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. So before we get to a couple questions that have come in We'll take a look at the daily time frame chart here for the ndx100. This adds to the idea That there's a very good possibility that the move lower yesterday was nothing more than your normal Two to three bar knee jerk reaction to the downside. So coming off of the june lows out here We can see the first pullback was a two bar reaction. The second pullback was a three bar reaction Now we're looking at here our consecutive daily closes to the downside the black numbers are consecutive daily closes to the upside out there And uh, so yesterday was bar number two of that consecutive close the question is the last time Coming off of the top We had a two bar move to the downside then one bar to the upside and then we had two to the downside So the question is is this a uh, is this a knee jerk reaction low and price is going to go target at 13 365 level Or is this just a one day reprieve? I don't know the answer to that just yet We'd really have to be paying attention to those resistance areas out there, but there is the possibility Uh that uh yesterday's move even though broke through some key levels of support And that's why it's a a little bit more difficult to to call and make that determination But this still still could be just nothing more than your normal two bar reaction to the downside So let's get to a couple of questions that have come in First one coming in from hector and patty and hector and patty want to take a look at exxon mobile So switch over to our three panel set of charts out. Well, gee steve you didn't need to do that What you needed to do was this so we're going to go change over to this set of charts and we're actually going to Uh go take a look at the uh because of the question here So the question is hey stevo happy taco tuesday back at you my friend exxon mobile if it can get the volume today Is it a massive a to b equal cd to the upside? Thanks hector and patty Get you on the archive. Have a great day. No problem So as you take a look at what hector's looking at here is the b point of an a to b equal cd Also happens to be wave number b in the chaplain wave out here was from the trading day of july 29th the volume there Should be able to pull this up the volume on that candle is 29 million shares today so far volume wise we are at 10 million shares that's not bad So you can see that just in two hours time if we're to take the straight line math We've been trading from 9 30 to 11 30 10 million shares multiply that times basically Three and a half we'd be at 30 plus million shares that b point of the a to b equal cd Has 29.8 million shares. I don't know if the volume will keep up or not But the answer to hector's question is yes a price closes above That b point the high of that b point for exxon mobile is 97 52 that will create an a to b equal cd to the upside That should take us to the td9 count top from way back in uh, june of this year Price is trading above the top of the profile and green outside or change line Hector for the weekly time frame that is a bullish signal and that suggests they move back to its highs from june The highs from june formed a td9 count top on the monthly time frame But still price above profile is green outside or change line. So that signal is neutralized So now let's go take a look at the a to b equal cd We'll go back to my black background charts out there because i've got the tool That makes it easy to draw that pattern in what hector and patty and you will also see is the one to one a to b Equal cd would give us a price projection of 103 11 The retracement here about a point 682 was 67 out there So uh and the price is on the right hand side of that c to d leg so more likely than that That's where it will perhaps end its pattern the 103 11 But the way we'll know that is by taking look at volume as price approaches That swing point from june 8th if it's approaching it with more than 31 million shares Well, then price again at least go tag the high at 105 57 Or perhaps make more than a one to one a to b equal cd and get up in that 107 68 area So yes hector and patty the other thing that would be taking place today even if price does not take out 97 52 with volume That b point was the bar following bar number nine of a td nine count So if you close above that period You will negate to that signal and that would suggest higher price out there So i hope that answers your question hector and patty Thanks much for taking the time to write in and you have a terrific taco tuesday as well Let's go to our next question This one's coming in from the tigers in fact That's the only question now we have in place right now and that is from kota kota wants to take a look at a carbon capture Uh carbon capture stock called uh, what's screen of mine? I'm the black ones k rbn k rbn so Quite an interesting stock here um Kota any idea what's causing all of these gaps within sight here Is that just natural? That means not I don't doesn't look to me to be anything currency related out there, but does have uh, uh Extraordinarily large number of gaps. So I don't know that we can really use those gaps You know in our workout here to help us identify what we can do is let's move over from here So we can see that price uh today is trading below the bottom of its daily profile That's at 49 13 But it does have support potential support and that is at the top of its weekly profile and that's at 48 57 So that's in the area to look at the monthly time frame chart Not it hasn't traded long enough to give us any kind of profile information So let's switch over to those white background charts. See if there's some patterns there No, I don't recall the question. It might have been just look at it So I don't know if uh, there is something specific that you wanted me to uh to look at here But on the daily time frame All you have is what I've got a potential wave number seven. That's letter g out there The next downside price target out here Where would that be? So I have to stick with the weekly profiles out there I could say 43 27 That's a td9 count breakout area out there. So that certainly is a possibility But I think we have what you have to do here kota is watch the weekly profile level So we gave you the top of the profile which price is basically sitting just below right now The other weekly profile areas are at 45 15 45 14 to 46 51 out there So that may be the price target the 195 minute chart says we'll hold on a minute here guys 47 64 is what it wants to target. So there if price closed below 47 64 That would be the breakout time the breakout level on the 195 and the second breakout level on the 130 minute chart So I would say that kota if price closes below that that suggests lower price as well Don't have any pattern on the 65 minute time frame chart We're noting the 30 minute is attempting to form a roadsmen to indicator bottom signal Now you've got five four minutes left in the trading session So the 30 minute is saying you're going to confirm because you got a piercing candle Assume that that's going to retain itself. It should and that price should then target 4865 and above that So here's the problem You've got a new profile that formed under 30 minute basis Kota and that is above price. That's a bearish message now I say it's a bearish message because that's really how you interpret these profiles But if price were to close above 49 27 Then it's not so bearish after all and the next level that price would target be 49 53 So it does look like k RBN, which is the crane shares global carbon strategy etf It would be better to probably take a look at the individual stocks that make that up You're looking to get long. So you're looking to get long I guess then watch the 30 minute time frame chart And I know you'd rather pay lower than higher But price needs to close above 49 53 to suggest that maybe there is a bottom And we don't have that pattern on the daily But you've got that weekly at support and that's about the best that I can do for you kota So I do hope that helps and thanks so much for the request Checking the emails. I don't see any of the requests out here and I don't believe there is a Anything in the tires? No, I take that back Stevie thoughts on dba So we'll pull up the charts here for dba. Now dba Well, during the break is made up of a real basket Of commodities out there. And so let's see what those top commodities are when we get back from this break 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 publish the gold report with coverage of gold silver bonds dx au hui 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 Don't miss out on the next great gold trade. Sign up today Tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with tomo Brian and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts is designed to Help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days Weeks or even months searching to find and right now We're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 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 Welcome back folks other questions take a look at ticker symbol dba that is a uh You know since it's an agricultural fund etf out here But if we take a look at as of last evening, we take a look at the mix out here. So soybeans Are the number one holding as of last night inside of this uh inside of this equity 14 percent below that is corn That's uh 13.3 percent below that is cattle nearly 12 percent. Then you've got coffee sugar cocoa lean hogs wheat It has both kansas city Wheat out here. You've got the feeder cattle. You've got cotton. So that's what makes this up here the top three 14 27 38 So the top four are nearly 50 percent. That's corn Soybeans live cattle and coffee. Okay, so we know that out here. So now let's just take a look at dba itself But that's really important for anybody who's trading this to understand because you're really trying to figure out where this is going You've got to take a look at each of those um Commodity futures contracts that represent that holding to see where things are headed to so it does make it complicated If we just took a dba and forget all that stuff out there, which I can't really forget But but i'm going to forget what we can see out here is this formed a roadsman to mitigate her top on the weekly time frame What that did was that took price right back right back to its breakout level of 1954 Price is back inside its weekly profile And I would say a price can overcome the monthly oscillator and change line. That's resistance. That's at 20 55 We're trading at 20 53 if we can get above 20 55 Then we're looking at 28 20 82 and then 21 0 8 a price goes above 21 0 8 Then that suggests we move higher out here now in the daily time frame what we have You know theoretically because of being they've got a bunch of gaps out here as they confirmed Roadsman to indicator bottom out here with price just consolidating with inside its profile That's between 20 29 and 20 67 So close above 20 67 should then get us up to 20 82 and then potentially 21 0 8 20 57 excuse me Happens to be that's interesting It's really interesting thought I end up with two of those daily charts on that thing But I did so we're just going to get rid of one of them. Yeah, I think that really right one So on the uh 195 minute chart 20 57, maybe I talked about that you got that same thing on 130 I'm in a chart that's your td9 count breakdown resistance area So those are levels that you'd like to see price close above now What's going on and on some of those top instruments well for example Let's change our screens Change windows here Let's go back to a live cattle live cattle. We're going to take a look at the october contract. That's the current contract What we'll see here I'll just simply expand this out is what live cattle has done It made its way all the way back up to a high where it formed a sell the d-point pattern You confirm that sell the d-point pattern on august 18th. What do you mean steve arino? What I mean is that the sell the d-point required an a to b equal cd The a-point out here being the low from may 31st the b-point being the high from june 21st The c-point being the low from july 11th. This may just slightly more than a one-to-one move out there You've got your bearish reversal candor your three river evening star out there And all that that has done is taken price back to support which is all well Potentially support and that is we saw more than two closes above the top of its bearish structure daily profile Countertrend moves will typically find support then at the center of that profile And that would be at 143 82 So with regard to one of the top five or top four instruments that make up the dba You'd want to watch 143 82 for live cattle if that holds that would be a positive thing And price should resume itself to the upside now. We saw that there were other Commodities that were part of that Where is this db? That's not it there we go So now we take a look at some of those other categories you've got weed out here So at weed although I don't have a bottoming pattern I don't have a confirmed bottoming pattern out here price is back inside its profile You can see that price is also dealing with resistance What you need to see in order for dba to get some legs with regard to one of the top components in there Is a close above 826 50 Soybeans were the number one holding in the case of soybeans What we can see here is price has basically been consolidating Between its rising trend line and descending trend lines, but right now today It's above the descending trend line running right smack dab and resistance. That's the top of its daily profile So in order for dba to get movement to the upside you need to see soybeans close above one 1468 70 if you get that then your bullish impression go target the 1575 level Corn was also I believe corn was also a part of it now corn has a confirmed a to b equal cd to the upside It's a next price target not not much higher than we're trading to today 672 68 But above that 690 707 so corn is already in a confirmed move to the upside So that should help out dba so too should coffee that was a part of it coffee taking out the top of its daily profile That would set up an a to b equal cd to the upside But we can see a descending trend line in about the 230 ish area out there Sugar was a part of that dba and price is just consolidating with inside its daily profile out there in cocoa right now Does have an a to b equal cd pattern, but it's threatening to take out that b point with a close below 23 14 So that's a kind of your overview with regard to the dba and what's going on there I do hope that helps you out and thanks so much for the request next request Coming in from jimmy inside the tigers den and jimmy wants to take a look at ticker symbol cal So we're going to switch panels out here And go take a look at that three panel white background chart So jimmy what you want to know is that today becomes bar number eight of a td nine count pattern Now bar number nine still has to complete what that means is that tomorrow price must close above 30 42 If price closed above 30 42 tomorrow assuming that it doesn't sell off today by the way today price has to close above 2985 so if it does that then tomorrow what price would need to do is close above 30 42 if we get that then what you have is you have a confer you would have a confirmed td nine count Now the higher high can't take place in the following trading session meaning on thursday out there But so this does to be cautious with regard to the td nine count pattern But you need to see if this fulfills itself and plays out It is bullish price is above the top of its daily profile 30 12 out there But there is a new topping pattern that is in play out here if we take a look at the weekly time frame chart The weekly time frame chart is attempting to take out its td nine count top now in order to do that price would need to close above 29 94 So you got one possible scenario Is that well, I don't know what that possible scenario is just just yet actually I guess the best possible scenario is that today close below that bar number four And that that td nine count goes away and then tomorrow or by friday you close above the weekly td nine count to say that you're moving higher So everything here looks really good. You got a td nine count top on the monthly time frame as well So this is really doing everything that I can to try to break out here jimmy But the concern is that over the course the next couple days you really could get that daily td nine count top Now that may just simply be a pullback to the top of its daily profile 30 12 Maybe it's signaling to pull back to the retracement to the oscillator and change line at 29 66 So might be better jimmy, you know, we plan on being here tomorrow Is maybe we take a look at this for you tomorrow as well And certainly we'd want to look at it on thursday just to see how these patterns here So it does look bullish, but our concern is the daily time frame out there So I hope that helps you out and thanks so much for the request the next request coming in from dan And dan want to take a look at gsm So let's get this populated on our screens out here We try to get back to my other screens just see what gsm Is where is it right here gsm Feels like I should know this and But I don't Faro globe plc out here trading out of seven dollars and 15 cents as we speak So what do we know about gsm? Well, much like we were just talking about with jimmy about cal This formed a td nine count top And what it did basically today and yesterday was it took price back to its oscillator and change line If that level holds 686 Then what you've got is the next setup of the bullish move that should take you at least to 753 likely take out that td nine count top and up to 785 Seabroach with tfnn will finish looking at gsm for dan and get back to us 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 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives Risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares To obtain a prospectus or summary prospectus, please contact direction shares at 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 fund 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 on 117 s and p's off one nasdaq uh 119 the russell's up 11 some has up 38 points It's one three tenths to the upside we're taking a look at ticker symbol gsm for dan inside the tiger's den out here gsm is uh ferrag globe plc And so if we take a look at the weekly time frame chart, we covered the daily out there the td9 count up Took price back to support as long as the 686 level holds price should make its way to 753 And then likely up to 785 the reason why we say that is because the weekly time frame chart Continues to be bullish what i mean by that is prices above the top of its weekly profile This is the third week out there that suggests that over time that price would want to go target the 994 level out there No on a monthly type frame What we have is good old fashion consolidation That's between 507 and 832 So the next moves to the upside dan 753 then you've got the td9 count top that you've got to deal with bar number eight that's at the uh 769 level and if you get above that then you've got 785 So we're just giving you where the battlegrounds are and then above 785 Then the last battleground that i see out here right now would be 832 Then if you can close above 832 Then that would be a signal that price would go move up to the 844 level and then above 844 Then you'd be getting to your 994 level out there. So i gave you a number Areas but you already know ahead of time where those battles are and that is the cool thing So we like the chart set up as we speak right now and that's our take on gsm Hope that that helps you out the next question coming from lb And lb wants to take a look at one of his favorite stocks and that is uranium Okay, get the current rundown and uranium long-term hold for lb So let's move over to its multi time frame set of charts out here and let's take a look at this So from a long-term standpoint, of course What lb would be interested in what's going on on the monthly time frame and on a monthly time frame What we have right now is basically a consolidation with inside its profile and that's between the level where it's trading right now The bottom of that profile is 2010 the top is 30 16 Let's look at the weekly time frame chart weekly time frame chart right now shows what it's a great question. What does it show? So as we pull this back So, you know what this is just telling us is that your Is that the hold on a second in the profile? 2027 So although i can't see it the top of the daily it's it's just behind this red bar So price is running into resistance on a weekly basis at both the top of its weekly profile 2027 And it's oscillator and change line So what you're looking for lb here is a close above that level 2027 so that's a key area for you to watch out what happens if it doesn't close above that level Well price could pull back easily to 1831 to 1896 That's a bullish structured weekly profile on the daily time frame Price is now below the bottom of this daily profile closed below a couple days ago As long as it remains below 2039 that suggests that it may get back to its june lows out there 195 minute time frame chart Does have an a to b equal cd pattern but price ran into resistance at 2035 So your long-term trader if pricing closed above 2035 That would get us start getting us close to getting back inside the daily profile 2039 The daily really what you really need to see here is a close above that green oscillator and change line That's currently printed in 2056 if you can get that then that's a sign that okay You might be headed to the upside you've got a battle of 21 16 a battle of 21 67 And then your third battle would be 2208 the third time would be the charm of price can close above that Then you're moving to the upside out there So that's pretty much all that I see with regard to uranium lee So I do hope that that helps you out and thanks much for taking the time To write in Steve are your profiles your proprietary format or taz they are the taz market profiles jimmy that i'm using out here Is a taz market profile still an offering at tfn You know i'm not sure but certainly you can go direct you can go to the taz website to take a look at their profiles You know those of you that watch this show know that i use these significantly You get the opportunity to see how well they do it identifying where buyers and sellers are and giving you a Advanced warning as to where the next battles are out there the next battle is either between buyers or sellers. So I uh, I can't imagine Trading or interpreting the market without understanding that information It sort of gives us you and I a competitive advantage out there And I know that we like competitive advantages. All right, so no other questions that have come in and Let's go over to something that's interesting out here. Nobody's asked about it Uh, at least yet on this show and that would be The gdx. So let me show you a pattern that i'm looking at now. We won't have confirmation Until friday on this but it's coming potentially coming from the weekly time frame chart now I'll expand this out. What I actually need to do is add some more data to it. So Uh, I'll do that then hopefully I remember to reset this back down lower here So let's get 5,000 days worth now. It's a weekly chart that I'm looking at But I'm loading it with 5,000 days worth of data now What I want you to notice here is that what has been triggered on a weekly base So first we have an a to b equal cd to the downside but That has not completed But what we now have is we now have a rogment to indicator signal that has been triggered That's this week if we get a bullish reversal candle that will confirm a rogment to indicator bottom And then at that stage i'm all worried about the fact that the a to b equal cd better has not completed Of course price would need to close above its oscillator and change line and then the top of its profile at 2799 But uh, you know, if we all it needs to do is close at least halfway into last week's bar That would then give us a bullish piercing candle We could get a bullish engulfing candle as well if it closes above last week's open But the gdx on a weekly basis has given us that signal. Why is that important? Well, i've been trying to call bottom on the gdx for a while now and as we pull the stock chart back Let's try to do it this way here Pull it back Here is the the next earliest set of weekly rogment to indicator bottom signals And that was taken out of td9 account bottom axle on the weekly basis on july 24th That was back in 2015 out there You got your final rogment to indicator bottom in january of 2016 when you had a nice bullish hammer candle form That created also a three river morning star. We can see that price took off to the upside out there I don't recall if there's any other weekly out. Here's another weekly rogment to indicator bottom back in december of 2013 that led to a nice little rally out there Here's another td9 account bottom back in june 28th of 2013 that led to a nice rally out there So what we're watching for here in the gdx or what i'm watching for here in the gdx That's as far back right now as that data goes would be to watch how the weekly bar unfold So it's tuesday. It's too early to make that determination But if we do get a bullish reversal candle out here Then odd's favor that we have a nice bottom inside of the gdx out there. So Um, that's what steve is watching mkc says I'll say We can get the profiles like yours on any ticker with the task profile. So let's back to jimmy's question Uh, yeah, they have the task has Three or four different product offerings You want to get the ones that have no you can't get them, but it only works on certain software So I don't know what software jimmy it is that you're using So it certainly works on uh ninja trader, which are the white background charts and it certainly works on The e-signal platform out there. I don't off the top of my head know what plat other platforms I know that it does work on other platforms. It certainly works on tom's bloomberg platform out there But if you just go to their website, it'll show you Um, the the software packages and then it will apply to uh, your charts out there Just like they are applying to my charts Whatever time frame it is that we decide to use out here see broads with tf and n will be right then 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 seven million ounce gold reserve Vista gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing an accreted Vista gold trades on the ny sc american and tsx under the ticker symbol v gc 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? 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 tf and n dot com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns Finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman and your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tf n n dot com 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 tf n n dot 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 tf n n dot com educating investors tf n n has launched the tiger's den Hosted at discord tf n n 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 tigeresses 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 tf n n dot com Back up folks the last uh requesting the hopper out here is a take look at that apple And a take look at apple what do we know on the daily time frame what we have out here? We certainly have a sell the d-point pattern that formed yesterday with that gap to the downside Price is trading below the bottom of this daily profile the bottom that profiles at 170 60 This says that apple may be targeting its 152 16 level. That's a titty nine count breakout area For look at the weekly time frame chart We can see that apple ran into resistance at a descending trend line out there As well as at the top of its titty nine count breakout breakdown area 171 52 So on a weekly basis, we don't really have a top What we do have is price hitting resistance that itself can be a top out here For look at the monthly time frame chart price run into resistance at the top of its profile It's also during change line and that's in the 171 ish area out there now the 30 minute time frame chart here So we talked about when we started the show We took a look at the nq. We took a look at the es spinning We took a look at the spot volatility next I believe and we we looked at how Each of the intraday time frame charts for the nq for the es for the ym Each have bottoming patterns out there. They are suggesting that the market wants to rally We also looked at the fact that there was a likely a two-day knee jerk reaction pullback out there And we didn't take a look at the advanced klinocitor, which has gotten down into its oversold territory Now, of course apple will be a key stock out here if the market is going to rally What apple did during that last Half-hour session was it got to wave number seven that's letter g It also right now in the next four minutes may confirm a roadsmen to indicator bottom for the 30 minute time frame That says for apple there's going to be a rally inside the nq You need to see a close above 168 22 if you get that apple can get back to yesterday's gap Or it can even get back to 172 27 out there. So that's what it looks like when we take a look at apple So I'd watch that on its 30 minute time frame and watch for the 168 22 level prices trading above that or closes above that That suggests that the rally that the intraday charts for the nq and the es And the ym are signaling to us should continue to unfold folks day two We've got great programming lined up and please join me tomorrow at 11 a.m sharp. Have a terrific tuesday I look forward to seeing you on wonderful wednesday. Take care. Be safe out