 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hi, everyone. I'm Basil Chapman. I'm the second day of August, and we're looking at, this is Tuesday, down 272 at 32,528. One of the reasons I say to subscribers to my opening call is that I've been getting a little bit cautious just momentarily in the very short term, because in the Chapman methodology, we're always looking for, identify the lowest low bar, count each successively higher peak. It can go all the way from A, B, C, D, E, F, G, higher peaks, but it's at the fourth highest peak when you've gone to a bi-signal to a bi-mode, and that other things can happen. And that's where we just, we raise our foot off the accelerator, hover over the brake, and wait to see. And what we're looking at here is within the context of patterns, and I'll be discussing this in great detail in my webinar coming up a week from tomorrow, an all-day webinar. Actually, the way I've done it is so that you get my newsletter for free, and we've had some really nice calls, good positions, good, very good gains because we've been buying all the way up. And what we're all looking at here is within the context of markets at D is where you get a little bit cautious. The MACD, the moving average in the daily chart in the Dow is very strong. The stochastic is beautiful at 94%. Unbalanced volume is lagging. Relative strength, a little gray line over there is good. And the nine-period over the 14-period moving average is very strong. And that suggests that there's internal strength still in the Dow, and that the 200-period moving average of 33,170 will become a magnet if there's even a retest of the 32,972 level that was hit yesterday with a little doji candle. And I'll talk about candles. I have just very few specific candles that I use all the time. A little plus sign, doji candle is one of them. A chamois of Roman candle is another. There's just a Marabosa candle where there's no huge candle with no ricks is another. And basically we use those. Maybe there's another one every once in a while that pops up. But more importantly, it is the patterns that we're looking at. And what is the pattern here? The pattern is the large rectangle which says, I took that away because it was just sorry to look too messy. I'll put it back in just for now. A large rectangle that suggests, oh, I've got it right here. This is what I show subscribers to my daily call every single day. There it is. And I had a left side, right side price time match lowered down. It got hit exactly. So I've extended it up and that takes you from the high of 33,272 around about the first of June down to the low of 17th of June at 29,653. There's the arch pattern that was successful, the dreaded H. It wasn't dreaded H because it was held very nicely on the right side. And then that arch becomes a very powerful cup formation and says there should be a rally and that rally should take you to at least a D. Well, it took you to D with a little doji candle there. I've got a left side, right side price time match. Channel 1 is going to be able to do it to get the market to spiral to the upside tomorrow to test the channel wave inside wedge target resistance line. That's this little dash green line right here, which says the next area of resistance will be 33,065 if we can get there. But these are the patterns that we look at all the time. That's our right side price time match where you take the midpoint, the plumb line to be able to get that cup formation. It's not always a perfect cup because the low sometimes is on the left side or the right side. Looks like a gravy cup more than anything else, et cetera, et cetera. Just simple techniques. And what I do, I also decided I would keep it right here to show you that you can do this all with just a blank, like a blank, INDU. This is the chart. What are the patterns we're looking at? We look for symmetry. We look for a bowl or a cup formation. Can you see anything that resembles a bowl formation here? Absolutely. Look, I've got nothing. I've just got these notations, the little candle here at the top and the little candle at the bottom. That's that doji candle. That's what gave us a chance to go along the down. We've been going along from even before the low because some of those radios were four, five, 600 points. And then what we saw was this made an arch formation and held. But look at this. Simple chaplain wave techniques. You can say, okay, looks to me like there's an, I'm visual. I see this immediately as some kind of a cup formation or a bowl formation. And that says, once you've made your left side low conclusion, and that was that little doji candle, what you've got to anticipate especially in a market like this is a really choppy period with higher highs, preferably higher lows. But most importantly, the wave count should take you to at least a D. Well, there's your D. Are there other techniques you can use? Look, you can just, everyone's got trend lines. You don't have to have, I've got a pattern that allows me to do a rectangle in one move. But look at this. You could say, hey, wait a minute, that the number of bars there and the number of bars here, look about equal. So that tells you that you've got a price time match, right? Two bars late. And that says that this could become a breakout pattern, a very simple trend line breakout pattern. That's what I teach. You don't need to have all the gizmos that I have in trade station. You could just simply put a cup formation via a V. And you could do this. You could say, okay, I'm going from this side here to say that there's a chance that we're making some kind of a reversal to the upside. And that just, it's the same thing. So some simple, very easy techniques that I'll be showing. This is the naked chart. And now we've just added some things. I haven't even added the chapwave notation. So these are techniques that I want to use. Now what I've done in this particular thing, I do it every once in a while for subscribers because I like to show, look, this is with the stochastic added. This is with the mag D added. This is with the on balance volume added. And I put the register and you don't need that at all. I use it very rarely. And here's a combination. And look at this beautiful turnaround right there, right there. Look at that turnaround from the V shape pattern at the bottom with on balance volume. So there are all these techniques that are simple to use. You don't need very much. You don't need to measure anything. Most of the time you can just do it visually. Now let's get back to our story. Within the context of all the different indices that we're looking at, the S and P. And I've counted this every way that I could. I thought I could be able to make an argument to say that that little doji candle was in fact a D. No, from that low, this right here, look, if you go to the 3801.79 high of the, what is that, the 22nd of June, that's 0179. And the next day had 02.58. So what I do once in a while, I did this morning in the S and P, I could put this as a phantom peak because it was within about a point. I could have made this, the Chapman phantom peak and made it red or pink to say, hey, that's not a joke. Hey, that becomes a B. Find you got a D and all the indices have gone through a P of D at the top. I didn't do that. I'll be back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. 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My concern only is that we've seen these V-shaped patterns in the weekly charts. Was that UNG? Yes, it almost looks like the chart of UNG, United States Natural Gas Fund. And that pulled back sharply from peak C and I was doing about this yesterday and I said, you know, this is where you've got to be a little careful. I want to see how it can handle the 14-period exponential moving average of 27.06 and here it is at 26.76 and it's just a little too deep. So let me go back to the question was, if I can just find it again, there it is, AMLP. And that's right now has held very nicely after that peak C top yesterday. I like it still. It does want to fill the weekly and the daily gap and that's unusual. That must have been on a Monday or whatever it is the first day of trading day of the week because that was already the gap. So I like it. The monthly chart says it's kind of in a holding position and I'm going to draw this in and say this is kind of what I would expect over the next two, three weeks. That is just kind of stuck in this position and maybe August says that at the end of August instead of being at 38.50 right now, 38.60, you could have popped up with the chances are that the 39 area to 37 area might be a containment area for a little while even if it pops up based on this V-shaped pattern in the weekly chart. So I do like it and since it's a limited part and I suspect that it gives you a really good dividend. So if you put the dividend together to where you entered, I'd say I'd still be holding it in this position. The weekly chart, if it can fill the gap in the next two weeks it says hey, it has a good chance to go there 42. whatever it was high on the week of the 10th of June 41. 42.18. I like the pattern but I'm treating it more as a dividend stock in the chart pattern that's formed right now as a dividend stock getting in 38 and seeing it drop to 32, not what you want. Getting in 38 and seeing it go to 42 is what you want. So you want to see over the next three weeks that it holds the 36s and it has a couple of good attempts to get back to 40 over 40 to close over 40. So I do like it. I don't think I would change any position right now if you want to add to it. I just think that you want to add to it. You see, I don't want it at a peak C to take more than three sessions consolidating without testing the high of two days ago. Three days ago. And therefore that 37.93 low of yesterday is absolutely imperative to hold because if it takes it out I think it's going to take a little bit more time. So I would just have patience. Let's look at it again maybe in a day or two and see how it's moving right now. I wouldn't. I wouldn't change any position. Next question I had was and I'm going to do this as we go through the different questions. I'll do them as we're going through my overview. Let's see. Yes. S&P AMD. Can you post Qualcam? I'll do Qualcom QCOM was acting really nicely the other day and then it had a peak C and a pullback sharply earnings, etc. Right to the 200 period moving average. I still kind of like it. It's hugging the 200 in my webinar. I'm going to explain to you just how important different moving averages are. If you use a long-term one like a 200 period lookback period when it comes into focus. Don't dismiss it because look Qualcom trading at 145.59 right now down to $1.83. Look how important it's being support way back in February March then resistance in March to April and then it just moved far away and then it got back and not only did it ignore the 200 period moving average it broke above it for 7 sessions and then all of a sudden the magnet of this 200 period moving average. I'm going to be talking about magnets. I'm going to be talking about how you can treat a line that's just sitting there doing nothing as absolutely irrelevant and as the price gets closer and closer what is the importance of it? What do I mean by a magnet? What do I mean by a tractor or a detractor? What do I mean by a propellant or a repellant? And that's what we'll be talking about. Look at this propellant zone in Qualcom when it made these multitude of low, lower lows each time it made the dreaded age failure pattern until finally it hit that number about 118 and wow it shot right up to the 156 area and now what is it doing? It's consolidating. So that's the importance. So that's Qualcom. I just wanted to show it. I'm discussing it and advanced micro device what Qualcom needs to do is by Wednesday of next week the day I do my webinar I want you to have already taken out 153 resistance and try to get to the 155 area. That'll be really good action. If it just stays around here it has to test 140 again and that's gonna say ups that's the big move and now it has to rebuild energy for a move to the upsides and it take a while. Monthly charge is still negative. Weekly charge did break the resistance level of the Chapman wave inside track repellant zone. Let me just move this up a little bit. There it is. And now what we're looking at is that 140 period moving average where the 9 and 14 period moving average are sitting that's going to be absolute imperative to hold advanced micro devices. Now this is going to be very interesting. Look at that action today. Up 8 cents and 96.83. If you look at the weekly chart the declining diminishing cone formation saw a break to the upside very nice and the magnet is positive in the weekend. The stochastic is improving. It's not great at all. It's 42 percent. Monthly charge says it hit 164. It had a round number open. I think it was and that was November of 2021 and it's just been downhill with lower lows and lower highs almost every single month and now it's in a leg B to the downside finally making a new A potential but the 9 period moving averages crossed under the 14. It's going to have to do a lot of work in August to change this A from being great to blue actually so I'm going to change that. It's going to take a lot more than that so the technicals are still very weak but the daily chart says it's holding so well advanced micro devices so these are the techniques that I'll be teaching not you cannot use the left side right side price time match with a plum line right here where I would love to see it right there. It's not going to be going to anybody because it's already gone too long to the right to have this as a plum line for a midpoint so what we're looking at is you've got to choose a particular candle this is where math comes in and fails and you have to use artistry you have to use your eye well I teach which candles are the most important to use as well as the Chapman wave inside which target resistance line which route which was perfect and then it just broke and now it's testing that line but it's one more day to get to the target that I had of our 100 and we'll see what happens two days should be there I'll be back. If you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency 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 the XAU, HUI, GDX as well as more than 30 different mining equities. To see for 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. 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more information just click the thinkorswim banner on the front page of tfnn.com a question about TORMD and that is TORM plus A shares now first of all TORM it always looks like it should be storm but it's TORM TORM for mother PLC a particular run from the 11 area to 17s today it's down 1 cent to 17 11 in leg D maybe a peak D and the question says I've sold some TORMD where would you buy back thanks so first of all congratulations you've really held on to this you did your homework isn't this some kind of a shipper I think it is and it's done fantastically I believe that we're getting to a point where the shipper I wonder if I can look at DSX type it in there type it in here and I've got this as a leg F in the monthly it could be an alternative but I'm calling it F for now so let's go to DSX kind of a nice benchmark for me yep done very nicely in leg C still looking strong what I'm going to suggest did you say you took some profit so yes you've sold some TORMD I'm going to suggest that you put in a bid you might have to split it but at least it's a 1716 right now my thinking is that the whole area of 1630 to 1580 if it breaks under like 1560 then it's kind of done for this moment and you have to wait for a regeneration of energy to start to move up but this move can continue higher if there's just a modest pullback 1715 I would split an entry but I'd also be using some of your profits so I wouldn't treat it all new money just treat it as some of the old money that you're putting back to work and you're trying to get it at a price that's at least 8% less than where it is right now so it gives you an immediate 8% a cushion so this is what I'm looking at the 120 minute chart is going to be right here so that was a brand you buy goes peak A B C dense recent A B ok so it looks to me that it's still holding very well it doesn't really want to give up anything right now so if you have taken profits off you don't really want to get in immunity it's a real mistake today it's one of the few times that I didn't understand what was going on but we just had to take a loss we had a position that I loved the sector and the stock that represented three or four different sectors that I really liked and because of action yesterday because of the Ukraine wheat situation they're starting to have some exporting the price of this that we have pulled back very sharply I had it initially as two entries a split entry we got the first and the second one we would actually have missed by one penny yesterday but we would still have been in the stock and today it is up 5% and we're out of it and I'm so upset about that because I did the homework I made a couple of changes thinking well if the grain starts shipping this one should be impacted a little bit maybe we can get in a second time at a different price or I didn't expect to get stocked out well we did so this is the same situation in the sense that it's acting very well I don't really want to mess around you've done due diligence and you've taken some profits I'm just going to say if you're still got a core position I would just put in at least one part of what you want to put back at about I'd put the bid in at 1621 within 80 cents I think that should be a low of this particular move and then it should try to rebound to a new recovery high that's the best way that I would do it at this particular point but if you took money off as money management which is what I love to do we've done that quite a few times in our big moves to the upside in our three times long positions then that's a little different so if this was part of money management I would say then you need to just hold such a core position but I'm still thinking 1620 ish in that area is where I would start a position maybe even a split position with another entry point a little bit lower down but you might not even get that because it's acting so well that's TRMD the next question I had was visa V yeah you remember out of peak D's where other things can happen and then what I normally draw in you know that this is what I do if you don't have the rectangle you know it's not like you can't do what I'm doing right here I've grabbed this and I would immediately grab the outer levels of this long legged doji here and say hey this is going to be trapped within these ranges if it breaks either the upside that's positive or the downside that's negative but visas made a peak D is now below the 200 period moving average which it could only be above for a little while now it's gone back under it the weekly chart is not that good I think visa's having a problem it's trading at 204.92 down 6.37 so it seems to me that I don't have a signal say it's in a shorting or selling signal at this particular point it's really close but it's really struggling so that's visa that helps you bad press if you only read it oh oh oh so maybe there's a okay visa chart not great in my honest opinion this is peaky off the zip asks about visa and then HB says visa ready bad press if you own it read it so all I can say is I'm looking at the chart and those are the parameters if at any point in the next week and a half it closes above 216 that's excellent action not great but excellent because it's come back strongly and if it closes above 220 in August that's fabulous action but if it starts to trade under 202 and it's called a 200 that just says you know what that weekly a monthly chart the lower lows and lower highs is telling us a story that visas in some kind of trouble right now just chart wise next next question is AZO AutoZone AZO I remember I've been talking about this for a while I've been saying in the auto parts area when you if any of you have been looking at the pricing of automobiles and what the actual when you finally pay that final amount what is the final amount is it way under what you wanted to pay is it around about what you wanted to pay or is it way way over what you wanted to pay and I suspect 2172 20 oh that was a C right there I suspect that for the majority of people especially if you're not going into this with bookkeeping in mind you just you want that particular vehicle that's the way it is then that's something completely different maybe see I'm doing this work on AZO because I knew I saw that I missed I missed a peak that's your only obligation the Chapman Wave is to count each successively higher peak peak air from we pulling back in the daily this is an alternative count in the weekly but at the same time the chart is saying that it's still holding very well I think other conditions could say easier auto zone could be having a more difficult time and that's maybe because they can't get the parts although the past people are keeping their cars longer that was my point that people are keeping their cars a lot longer and when you check out the prices that you have to pay I can just tell you that switching from the lease to owning the car could be really lucrative in the sense that you're immediately have you have a vehicle that's worth more than what you than what the going right for a comparable new car is and then you can make a decision after that you've got time you do not pressure integrate the dealer and have to do the base step so I am looking at auto zone and I would say that it might be stuck for a while between 2196 I'll be back TFNN has been your trusted source of analysis for bonds, metals, stocks commodities and options for years and we are happy to announce that we are bringing that same caliber of analysis for the 4x market Teddy Keckstat has 30 plus years of experience in 4x trading, commodity risk management 4x hedging, volatility and so much more. Teddy releases his weekly Tiger 4x report every Monday morning with elite coverage of all major currency pairs including the DXY, Euro Dollar, Pound Dollar, Aussie Dollar, Dollar Yen Dollar Swiss Frank and so much more Teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted for the month of July inaugural members to the Tiger 4x report will receive 25% off the monthly subscription for as long as they're subscribed just use promo code TEDDY25 to lock in the added savings This offer is good only for the month of July so do not miss your opportunity to save on the Tiger 4x report TFNN Educating Investors The technology around us is changing every day With so much happening, it 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 with technology His weekly newsletter will give you specific recommendations for valued 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 $37.50 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 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&P Biotech 3 times bull and bear ETFs Visit DirectionInvestments.com slash Biotech today An investor should consider the investment objectives, risks, charges and expenses of the Direction Chairs carefully before investing The Prospectus and Summary Prospectus contain this and other information about Direction Chairs To obtain a Prospectus or Summary Prospectus please contact Direction Chairs 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 This program is brought to you by Vista Gold Traded on the NYSE American NTSX under the symbol VGZ You can see this pattern right here Look, I drew Remember we spoke about this earlier on I was wondering if I can still get there The Naked chart The Bear chart had nothing on it and I said what you can do is you can take the visuals It's really important I'm very visual I do the medical part but really it's the visuals that I love and I said if you look at the pattern you recognize the pattern What's really important is there are certain characteristics What's the characteristic of this particular chart Well it's making lower lows and lower highs Then it makes a little doji candle midpoint turn around and this turn around has succeeded in that it's continued up and it's making almost like a cup formation Wait a minute, isn't this the pattern that we had right here Right here Yes, it is What we were looking at moments ago I drew this in, some of you saw me do it live This is what I'll be doing on Wednesday a week I'm still making a decision whether I'm going to call it a trading whether we're going to have trades or not I have no qualms what's ever about having the trades But I have people from all different walks of life different areas and different specifics in the sense that some people just love the futures I'm doing the futures right now Look, I chose this as the plum line in the middle to the left side number of bars, to the right side number of bars in a cup formation just like I was doing with that Dow chart a little earlier on in the Naked chart And yeah we are, it's three bars early and it took out that left side high I mean, isn't this just a great technique I'm doing it live today In fact, I decided I will do a Larry's show well today, Larry's hour not his show, but his hour And I'll do more of these because it's so important that there's no other way that I can that I can it's not just me saying isn't that great, we managed to get the low and the down we've got the Dow diamonds, we've been buying them for weeks and they're up very nicely we've got the queues we've got the moments of the low and we've been taking a little three times along and we've got the SOXL three times along the semiconductor What's this? That does nothing for anybody who's just about to step into my opening call newsletter because it'll be fresh for them so I don't like to just keep talking about the stuff that's been because I want to do it live, I want to show what I do actively So yes, something I spoke about this a little earlier on I said I could use a particular letter and use it as a phantom peak Well, talk about phantom peaks phantom peak right here as the peaks see a little dogy candle at about 903 this morning why? because I said they're two parallel highs and then I said if it goes to a D that's fine but there's a chat wave specificity I cannot use it arbitrarily I have to see a little change in one of my key indicators one of my tools to say that's legitimate and what did it do? It gave you a D to say hey that shouldn't be a C but if you're waiting for a D it might drop sharply before it gets there take some money off see how the green line holds above the black line and low and behold it didn't it went to an alternate count peak E, finally got it if you're looking at the NQU22 from where did I type that let me just do this right here NQU22 look, same thing alternate count right there that did go to a peak D because there was a little nick but look at this beautiful left side right side price time match and it went exactly to the moment in the NQU22 one minute futures so let me see so there are people that would love to take my course but they don't trade the futures so it's easy let's just say you want to trade something low priced but not like the futures that move so quickly that it just you take a huge loss if you're wrong even if you have a tight stop it can keep adding up and it's a fantastic gain if you're right so you can do look TQQQ and here we are this is taking from this low no, what are we always looking for we're looking for a buy signal in the chat wave to go to a buy mode what was the principle of this when I used to hand chart find the lowest low, count the peaks at the fourth highest peak other things can happen A, B, C, D so let's take this right now TQQQ, the three times along the QQQs there it is, doji low now I can do this, I can make this an up arrow I usually don't do it straight away because how do you know that that's really a buy signal going to a buy mode this goes peak A right there that goes peak B right there, higher high higher high, peak C and there's your D, where does it stop right at the 200 period exponential moving average then you start another one and then it does a beautiful arch formation remember I'm all about right here I'm all about three patterns straight line up, straight line down and arch or cut formations well it did the arch formation and if I put in the left side right side time price match it wouldn't have worked here it would have been great to give you the idea to go down short but look what happened that's the left side, the right side it missed it by a few bars and that's the green that's green because it's on the upside but would I have chosen that or would I have said wait a minute, wait a minute I can't that almost got there and then that big rally said you know what you're probably going to miss so I would have to move the plum line the midpoint of the arch formation the left side quaro that's the quarter semi circle to the right and I would have been able to move this a little bit so that when it took out the left side low of 32.46 and the TQQ I would have been prepared because I'd be looking at all these different things look at the volume on that bar that's almost like a climactic low when you get a volume and a big price move down so now what we've got is a brand new buy signal and you've gone peak A peak B peak C peak D and a peak E and then it pulls back but the green line is still long so it says that you could put it down arrow here but technically it's not really a sell signal because they haven't closed sharply below the black line so normally I would put that in and I say okay let's see what happens next because this is still acting so well look at that and that would have kept you in the trade that green line would have kept at least part of the position in the trade isn't that a nice technique and now what you've got is the MACD strong, stochastic strong and low and low hold what is it doing? it goes peak A peak B and we'll come back to this for you see if it gets to your requisite peak D because it's trying to break above the 200-period moving average this is what I'm going to be doing live and I'm going to be showing that it pertains to daily, weekly, monthly charts all the time and what you want is to go from the one short term to upgrade it to the medium term and then to the longer term go one minute chart to the five minute chart to the ten or one minute to the two minute to the five minute to the ten it doesn't matter you've got a sequence that you can look at so let me see the wait time to buy a Toyota Sienna minivan is two years for any hybrid Toyota it's one year yeah I'm hearing this all over the show that means that people are paying absolutely top dollar top dollar I know that for a fact because I was looking myself for the past six, seven months until I was to say you know what I love my new car and I only released it because I didn't know what would happen the next few years whether I would put all the changes in the different product I said bye and a car alone I've got all the I've got a couple of lines so it's got all the accoutrements that the new one has for a whole lot more I can tell you that okay, VRAX is trading at 1310 I'll be right back we'll talk about it David White's a successful trader simply looking to make your job a little easier learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance define the ranges at which stocks trade by understanding these trading ranges David White is able to find a path of least resistance is delivered daily before the markets open to make every trading day an easy win visit TFNN.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk free with our 30-day money back guarantee take the path of least resistance at TFNN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future, right? like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil 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 that the trading universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis he's got 45 years experience as a day trader Larry will also provide daily charts, videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors 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 first we're back and now let me just do this for one second the final segment I will be keeping the next hour as well there's a lot to discuss here so this is FB and that becomes C there's your D in the E-mini in the one-minute chart there's your D and it kept you in the trade all the way through remember type of D not an E remember what we were doing in the TQQ look at this TQQQ so even as we speak I think probably going to have to do this call it a trading session I don't know the reason is I need to be able to explain it I don't want people to yeah you can make money which is fine but the idea is to learn the techniques I'm going to practice it tonight and tomorrow and I'll make a decision whether I call it a trading or whether it's just plain old chaplain wave notations and all that stuff which we always do live and we always have really good success with it but it's never official and look at this kept you in the trade and now you're way above the 200-period moving average PQT probably going to have a little bit of a digestive move right here in the TQQ just as we were talking it went from 32 I think it was 3280 to 3360 I would say that that's a pretty decent profit on the TQQ three times long in a very short term period so anyway we'll think about that so let's go back to our story just as we're going to wrap up so for this particular period the question came in about a GDX but also VRAX so I'm going to do this VRAX I don't really want to do following it because I've seen it go by in the ticker the last two weeks a week or two it is the V virus oh by labs I think it's virus by labs company so it's an IPO yes I like the fact that it's sipping around like this yeah this is tough this is the responsible this is an IPO I can do it on a 120 minute basis if I run but if I'm back I would call somebody who wants the GDX from here I'll get back and I'll do my research