 The following is a presentation of TFNN Trade what you see with Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento I want after that wonderful Mozart overture what marriage a figure over looking at I'm sitting in for the hour Larry Pezzavento's hour who want to go through a lot of different things stuff that I didn't get to in my Tiger traditions hour this past hour So yeah, we go so the dollars up 152 at 31,000 9 to have not bad action when you got fed speed coming on this Afternoon, but basically I'm not sure what powers get to say that really could shake the market Of course, he could say anything, but he He's everything that they're talking about has been in in play If the market wants to go up and it's not spectacular look the markets go from 29,000 653 the dial that is to 32,000 2 19 It's not even 3,000 points and second ages from the middle of June. He'll be at the end of July It's a good dating move, but the weekly chart It's not even as good as many of the other big spikes to the upside that then failed when they hit the 200 Hit the 14 period exponential moving average So let's just say this is really good action considering what's going on right now If you're looking at the your futures the e-mini futures You've just made a leg deep gone to a peak D in the and I have to put it down arrow in a one-minute chart and it's gone to a leg F in the 10-minute chart and a beautiful cup formation There up or there This is called the chaplain wave cup and ladle formation where it takes out the previous high Before it goes to a leg D and then it pulls back and test the breakout level and then goes on at this particular point I suspect that the high so far 39 82 point zero zero round number high I'd said earlier on would be hit 3774 that I thought that we were close to some kind of a high for the day Usually the markers so as to pull back if it's up as we're going into Fed speaker sauce to mediate It comes down to almost unchanged And if it's down sharpie it comes back to almost unchanged when the Fed speak comes and then it breaks out to it's Whatever it wants to do now this particular point I think we've made a very short-term top and we'll see what happens key support is ready to 3966 the 200 period expedition moving average and we're at 39 74 So let's just get that out the way now we can do a whole bunch of things. We wanted to talk about Bonds a lot of people have been asked me. What about bond? What are the bonds saying? Well, if you look at the bond say a really nice discussion this morning Between Teddy Kegstad and Tommy O'Brien in his market kickoff Tommy's market kickoff show at 9 great show I wish you had a chance to listen to it well Looking at the bonds as far as I can see This is a peak D in the chapter in methodology. You're trying to see what happened at a peak D Well, this is the quickest that bonds have gone to a peak D pullback And they made another quick a leg D to the upsides a leg D until the end of the day because the daily chart But unless it can take out the high that was made yesterday of 143.11 30 seconds in the continuous contract. This is going to be a peak D We'll see what happens off the Fed speak But if you look at the weekly chart the mag D's turned up the stochastic is improving a lot It's a 66% the we've got the on balance volume is the blue line is good. It's really it's a little overbought in the In the daily chart and that fourth highest peak a BCD that fourth highest peak D is where we expect Remember there's got nothing to do with a to be equal C2D. I've drawn those in right here I have a different way of looking at that with the gray and then the green and now I can do it again I'll make it a different color. I Love this kind of pattern. I've used it for years I didn't know it actually had titles, but I call it the chaplain wave one to one expansion It has to do that in the same Angles same number of bars. I'm just gonna make it pink for now and I'll make it pink and I'll make it faded Transparent it's got a 70% there is and look you go from there to there It's gone almost to the same level, but it's taken a lot more time. It's the third one usually through the third time It's not exact at all. So I'm watching this very closely and I'm saying that there is a chance that in the shorter term Going into the first week of August. So that will be going into the fifth of August. That's next week a Friday week if 144 is touched that's going to tell us that yields T and X taxes this is a 10 year a team note yield that Yields can continue down since the peak D. Remember the fourth highest peak PD in the chaplain wave That's where other things can happen. Wow. Did other things happen? You went to 34 83 in the T and X that's on the 14th of June and Yesterday we're down at 27. I mean that's 3.4 down to 2.7 that I'm not huge Of course look at the steepness on the way up taking a lot of time taking time and price to the downside So that's the same to me This is exactly where and if you're looking at the V shape pattern right here We went one two three weeks to the upside and one two three Four five six six to the downside So there's a little bit of a lopsided a Eiffel Tower straight up straight down pattern here But what what is most important is that the trend? I guess I'm gonna have to show that I showed it yesterday. I'll do it again today. People that asked me about it I'm gonna show this is the black background chart 30 year is white at the 10 year yield T and X is brown the cyan is the five year T note yield and you'll see it right here Look at that big cell off in the weekly chart from a peak F in the six highest peak in the Chapman methodology Look what happened 34.72 3.472. And yeah, we are down at two nine point nine nine That's a big move down and the weekly chart says yes, you've got this kind of big cup Maybe this is a caper cup and handle on one of my favorite patterns at all Yes, you can time it well with my favorite patterns the Chapman wave cup and ladle It's my own unique one where you break out in a leg C or a D above the left side high That's usually fabulous to go higher But meantime, look how you've pulled back real the tenure and how it's pulled back So that's the same to me that yields of this particular point They went higher and this is maybe talking a little bit to the deflation ask me I'm gonna I'm gonna go through the different commodities in a moment. So let's make it as simple as possible The yields of health the global timber and forest GTF just a little bit and that goes together with copper and we looked at them And both of them are still very weak, but they are holding it is holding the 200p moving average That's a good sign, but look at this the Philadelphia housing index with all the stuff about slowdowns, etc Etc. I'm impressed with this rally in the shorter term in the Philadelphia housing index But it does correspond to the weeks that we've come down in yields So this is gonna be important for the housing index gonna be important for a number of other factors But in the meantime, I'm gonna give you levels and we get out of this because I don't need to have it up right now exit Close workspace. Yes. Save everything else to all there we go So now what we're looking at is within the context of the yields this peak F And I have to wait for Friday, but I might have to put it down arrow to say that the 10 years actually in a sell signal Maybe if it goes down to the 26 30 area 2580 It becomes a sell mode yours going down Is that why the market's running because a lot of the feds work has been done But inventories that I'm hearing tons of in different inventory Not being sold I'll be back in a moment Basel Chapman sitting in for labor's event as our own We're gonna discuss the quantities as soon as I reach out the time of booming inflation. We are purchasing powers eroded There's no better place to protect your harder and money-thinning gold This the golds flagship asset is the Monk Todd gold project in 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 VGZ 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 and disease 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 and stock prices get the opening call newsletter by Basil Chapman and your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve 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 We have made that peak deal in the one minute on the e-mini. It's trying to rally it could turn into an arch formation Draw it in there's always two fighting patterns up or down this case. It's the arch formation and Not really a cup formation. I'll draw it because it's stalled and it hasn't really got the cup pattern I usually say sine wave up or down arch or cup and they just fight amongst one another I suspect that this is going to be a peak f in the ten minute chart And then we'll have to see what happens after that. Let's go on. So yeah, we go the questions came in so the TNX to make it as simple as possible if it starts to break under 2650 2.650 in the next couple of days That says there's a really good chance that years are going to go even lower rather than higher And that's going to be a little bit of a surprise And if it suddenly spikes and it fills in the gap and goes about 29 in the next couple of days 2.9 that is something else. I'm gonna have to deal with it Okay, so the questions came in about the dollar dazzles dollar because we've been long since 2018 April at 19.07 via the UUP Taking two little bits off one at 96 way back when it was on its way to 102.99 Then it came back down to 89.21. We still remain long never changed up We never got stopped out of our UUP still in the U.P. And now we've got a cell Just it's not even I can't even put the down arrow yet because we haven't closed Decisively underneath the 14 period exponential moving average has been below it a few days But it's really holding quite well sideways dollars up a penny or a point oh one at 107 point 22 What happens off to the Fed if it suddenly gets above 107 45 and Closes above that today. That's that says it's making a U shape pattern It should return to back towards the 108 level But if it suddenly trades under 106 point no 106 105 point 80 106 to 105 point 80 that says, you know, we're making lower lows and lower highs There's a cell signal that's going to be a down arrow But put in tomorrow at the end of the day if that happens and then it'll probably go to a cell mode in the Dairy the weekly chart is still fabulous. So I promise that I would look at so here we go Actually, let me do this now Rob Luxe question came in. Can I look at Rob Luxe? We once in it haven't been in for absolutely ages. So the question came in Basil. What what what what what do you do? Well, subscribers, what are you doing? Well, we have two positions today that we have all our positions are doing very nicely one is up one is up seven over seven percent and the other one is up Over eight percent So and all of them both of them these two are still in the in the we've got into the teens or low 20s I like to have for subscribers a variety of price that we go into we also have a We have an energy stock we got into yesterday because it is also a natural gas. I love natural gas Chart and this is up very nicely from our entry point yesterday And we are still in our bank stock, which is doing well and the I'll talk about that in a moment And the question came in about the trend gauge. The chat wave from gauge is it's particularly it's Richard arms Short-term trading index. I just use the numbers and it doesn't I know how it's made up But I don't really count it's made up as far as I'm concerned It just does the job for me by just certain numbers if it's above it means In today if it makes a level that is above a certain number I say within two days the e-mini should have a strong move to the upside that'll help the market And if it's down below a certain number I say the very next session no matter how high the Dow futures are The Dow should be down the next day and both of them have a fantastic over 90% track record And now what we're looking at is Rob Lux. This is really good action This is probably also helping if she's still in a Kathy wood not an s. It's wood Ark a RKK. It's up 1.40 today at 44 87 So Rob Lux is Rob Lux is gaming platform game creation trading at 41 28 It has the rectangle pattern remember those of you know my work I talk about rectangle large rectangle patterns and give you a lopsided gravy cup not a pure cup with a left side Quarrow that means a semi circle the quarter semi circle on the left side matches the right side No, in this case, it's a gravy cup and it makes a lopsided move in a rectangle fashion peak a peak B You can even go to a peak D right under right on or just above the previous high And then it can pull back and that's usually the pattern. So this is acting very well 41 26 I suspect that the 44s is the target in the shorter term Greg. I don't know what the question was. I just saw What nice to have you for two hours today, could you look at Rob Lux for me? I'm thinking of a starter position I have it in peak D Well, it did do an alternate count. This is I I don't just remind me. I'll put Friday Friday RBLX I'll do in detail. I'll do that. I don't do it now It has chapter wave Notations that I need to talk about was this an instant restart is that a chap My front base restart. I'm going to show you an incredible one just now Doesn't say that it's going to come back to the 30 level in this particular pattern. Yes, it does But in the meantime, we could have a move up towards the 43 44 area So it's not a peak D. That was a G slash D I have to have the alternate count on that pop to the on July 9th or 10th when it went to 44s Then a pullback and now it's got a chap wait rectangle inside By mode by signal that should go to peak a peak B and it's making higher highs and higher lows So that's what I'm looking at but treated as a trade Okay, so that was that question next question was so the short term trading index was high yesterday And it said that the futures should see a 90 11 point rally that will help the market It's obviously done that next question was same question was I AI I AI is the this is the broker dealer and security ETF we've been long since the 45 area the day after the law of the 23rd of March of 2020 and We've periodically tried to get back in for subscribers. I wanted another stock, but I decided this was a much better deal So this is I AI it made the arch formation Made a lower low 80 point 82 and then I went to 80 point 63 just 20 cents 19 cents below the previous low 21 cents and now what we're looking at is that a very sharp move above the arch Pattern, so we wanted to buy it at a certain point for subscribers. We haven't got that level yet but I Like the action in leg a and I like the action in the weekly because you could draw a channel right here and say it's going And in my absolute sincerest wishes to But Robson used to be here. I believe he's really not very well at all Just a white light and just all of us our prayers are with you, but What can I say just? you're in our thoughts and Look at that. You're just about to get the chapwave inside Fact is what it is. I mean I'll do I want rush. We'll just do this in slow time. This is a chapwave inside track repellent zone and It could turn out to be a propellant zone and if this is the case then this market is gonna move high because you need the brokers to go higher And this is saying whatever the broker mix in the of course is Berkshire had the way it has a whole bunch of things within it and in the Broker dealer. I believe he got Berkshire had the wireless check, but it's acting Okay, it's not great at all in the weekly or the monthly but the weekly is starting to improve the magnetic term positive Stochastic at 29% but all I can say is that we've got our plan. I'm gonna stick to the plan for subscribers I don't want to change the plan and if it gets taken out, it gets taken out But in the meantime in the very long term, we've got our position for what is two years now I dance up 96 and that's a piece of 49 this is quickly go to this as we go to the break You'll see is that peak D? There's the dreaded H. We took it out I'll take advantage of this sector now is the time to subscribe to my goal report The goal 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 published a goal report with coverage of gold silver bonds the XAU HUI JDX as well as more the 30 different mining equities To see for yourself the types of profitable trades that are recommended within the goal report Sign up now by visiting tfnn.com. 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What is the pattern that I've been talking about right now? You remember I spoke about the arch and the cup formations fighting fighting fighting Well, this is the dreaded H when the price comes down sharply Then tries to rally and at the peak a or b it just reverses and retests and takes out the left side Low you've got three two to three bars in which to get back above that and until it unless it gets a completely new buy signal Then it's kind of stuck in a range and it should not take out that arch high So we'll see what happens here because there's the dreaded H. It took it out This one now is two fighting patterns this one lost This one is now trying to succeed in the bigger picture and we'll see what happens There's your H pattern. It took it out. It took one two three four five six bars to get above it That left side low right there and now that's a good. That's a positive and now you're fighting again You've made the H pattern now. You're gonna try for an arch pattern You made the arch pattern age on if we make the cup formation All right, let's see what happens there And I still think that that F is gonna stay there for a while be careful in the ten minute chart So let's get back to our story. We want to look at I don't want out of time. So there was a question about CLH that's Celsius holdings Inc. I've been following this for quite a while trying to make a cup formation It didn't make a low low. It's exactly the pattern. We're looking at a moment There's the dreaded H within two bars It closed above the left side high the technical sorry to improve and now it's gone from a buy signal in the weekly chart To a buy mode, but it is still way under the previous PD. I'm already I don't like that I want to see that D taken out in a leg C with a huge move to the upside So in the meantime is still very positive daily still positive But it's starting to slow down technically we'll see what happens I would I don't know if the question was for me, but if it hits 86 80 Let's go to 87 30 in the next three four five days. That's really positive I suspect it's in the chopper around sideways and test 78 is an 82 right now test the test the 80 to 78 area support. Okay, next question came in So I AI I'm just as I said, I'm gonna stick for subscribers. I'm sticking with my plan. I Will just say if we miss a life to Make a different plan. In the meantime, I haven't changed it from yesterday. We're gonna last for a couple of days We've got it. I AI trading at 88 61 low today's 88 point 48 Now a couple of things you need to look at so questions came in about Exxon I think they come out with earnings later this week. Look, it has a spectacular move It's gone just from even as to go to this year in the 60s They did a high of 105 point 57. I do this in this pattern. I said look this pattern You cannot ignore this pattern. This is it. This is the Chapman wave folding Exformation that says if you break that high that trend line, I'll make it blue I don't like messy charts. Let me just see if I can make this blue blue and we'll make it a little thicker Right there. So this is the Chapman wave folding Exformations a little unusual, but it's kind of the pattern you can go one to one to the upside But the idea is that once it breaks above that trend line It can go to each higher high on the left side one by one With a chance of going just under right on or just above the previous high That was 104 point 76 July of 2012 in this lopsided cup formation as well like a gravy cup backwards and Then you got to be careful because it comes down and breaks halfway or it breaks halfway into that move from the top To the trend line it could come all the way back down to the trend line What a stop to the nine-period monthly moving average the green line at 80 points of 97 and is trying to ready so far it's running So I'm anticipating that there's still room for the upside in exon But the big move at least for now is done and it's done is more consolidation phase and the big thing is How does it tackle the left side high? It's gone from the 105 area down to 30s You I would say that that's cut in half. No, no, no, it's cut more than half It's cut by two-thirds and it went down to the double bottom low of 80.69 80.69 What I was talking about before was the move from the 104 level went down to 30 Under 30 into the 29s and then it has spectacular move up to within a point over the point and I just a fraction 105 157 that's unbelievable in leg F That could be an alternate count because this could be a chap we've instant restart that news gets to casting is still okay It's 79 percent. I prefer 85 percent and on balance for him is a tad toppy in the monthly chart So this pattern here says it was so steep to the downside that there'll be strong resistance at this level of 93 90 91 and a half to 93 and a half should be strong resistance, but if it breaks sharply above Lay a peak B if there's a peak B today with no new high above 91 28 and it goes into the 90 in this move now in the next Three days, then I have to say the Magnetian stochastic are so strong in the daily chart that it could actually extend high And that's the reason why we did buy an oil and gas look at this natural gas Pulling back today in a leg C for a possible peak C for what a spectacular v-shape move that is What was it yesterday the question came? I don't want to do that was the falling axe pattern UNG I think we were looking at No, we weren't okay, whatever it is you and G's had a spectacular move from 18 32.77 on the 18th of June plummets down to 18.28 And on the 30th of June and they go spectacularly up to legs see yesterday peak C today. It should try to get above 3152 for leg D and then it might be a problem double top power problem But if it even breaks by one penny 32.77 I have no way of counting this other than leg a for the for the weekly chart And that's really positive for natural gas. So here we go. We want to look at some of the grains W nothing to see here. It's really struggling weak down four and a half Once it broke under the 200 period moving average and that was it. It just it was a real look at do this pattern This is the chapwave inside. Well, remember the chapwave Roman candle that was made on the 8th of March And I discussed it in great detail at 1363 and a half and I said if it goes even for half a day below the halfway Marker of this wick lower wick, it's going to go down and retest the lows it did that the second day it broke it produced another one and upside down one and that became a repellent for the area and then it came all the way back and Now 50 period moving average but produced a rectangle formation to say within the rectangle There could be another round it that goes all the way to a leg COD just under the previous high what it did that over there Doji candle top and then it came all the way back down So wheat is in a problem It's it's trying to form a base But what's really interesting is that soybeans hit the 200 period moving average you can think you see those notations They're all relevant except I do every single notation by hand So they don't automatically come back when the price gets smoothed out. There's a continuous contract So look at this look at the 200 period moving average. How much it was resistance for a year for August to December for four months. It was for five months It was resistance and and support resistance resistance resistance and it became support Then you had to ignore it because the nine period moving average went above the 14 from right there Oh, man, just look at that from right there on the 6th of December 2021 and it remained that way all the way through until it turned down right there on the 30 31st of March of 2022 Then it went back up chop chop chop and it made a double top and it came back down Now the 200 period moving average has become a propeller. So so exciting very nicely corn Is trying to form a base on 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're bringing that same caliber of analysis for the forex market Teddy Keck stat has 30 plus years of experience in forex trading commodity risk management forex hedging volatility and so much more Teddy releases his weekly tiger forex report every Monday morning with elite coverage of all major currency pairs including the DXY Euro dollar pound dollar Aussie dollar dollar yen dollars Swiss franc 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 forex report will receive 25% off the monthly subscription for as long as they're subscribed Just use promo code Teddy 25 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 forex 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 staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week You can get the technology insider at TFNN.com for only $37 and 50 cents Sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money-back guarantee TFNN educating investors Are China a shares hot or not if you trade China a shares now may be time to take a closer look trade CHAU or CHAD Directions daily CSI 300 China a share bull and bear ETFs China a shares in either direction Visit direction investments comm today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the Perspective and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ The Dow's up 150 S&P's up 55 This is so I mean it'll be a terrible surprise if all of a sudden there's bad news because this market is anticipating a lot I'm not complaining and now one of our positions up 8% other one is up. Woof Almost 8% and this is unusual. I didn't expect that very unpleasantly surprised But kind of a what can I say? All right, so look corn has got this left side right side price time match I discussed this in great detail some time ago because we all along the DB agriculture fund still long it We've taken a lot off very good profits from 13 0.77 Way back two years ago and all the way up and now we've kept some because I think it's trying to form some kind of a base here But it's very selective. Look each move. There's a left side right side price time match But I compared the price on the 19th of April when it was the continuous contract was a 735 Now number to where it was higher on the 29th of April at 741 and a half that the technicals were failing And look what happened it kept on going down down down down down lower lows and low highs not always But mostly and then what happened is is trying to rally and the MACD wasn't ready for it now The MACD is so that just says to me that on a daily basis Corn continuous contract is suggesting that you could buy it here with the 200 594 Is the 200 period exponential moving average? You got to give it a little room the low that was made yesterday of 586 Probably that's kind of support that you'd have to watch. I don't know what the prices are I don't ever trade this so I'm just doing about the actual pattern itself says that this could become at least a buy signal That it tries to go to a buy mode by pushing above the 62 623 and a half high of the 18th of April can close above that That'll be very good. It'll be the first time that the left side High has been taken out on a closing basis So that's the way I would look at it the weekly chart needs a lot of room and I would only treat this as a trade If you're looking at core if you're looking at SB which is sugar which is part of this index look at that arch formation failure Pattern way below the 200 period moving So I don't think that the dba is ready yet for a very strong move, but it is ready for a counter trend rally So that's the way We haven't added to it yet. I almost did today with an author. Do you know what? We're in a position because some other positions that are working really well So that's it. So I did that did that did that so that's the bonds I did a crude oil crude oil um In the subway methodology. Look, I've measured the left side right side the high of the 11th of march at 121 46 Now that price changes because it's a continuous contract 120.59 So that's 120.59 0.59 and then the retest just underneath a week of the 17th of june and 1844 Look how weak that was you made a little v-shaped pattern inverted v with the mag d double top You made a lower High in the stochastic the on balance volume went to overboard level and it's not saying it's a major cell signal But what what it is saying is that the rectangle formation went to a peak a then a b and as c didn't go to a d But it went in that pattern just underneath the previous high It broke halfway into the rectangle which says watch out. You could test the base Well, there are a lot of bases the most important one will be the law of the 15th of Week of the 15th of april of 8435. So what this is saying that on a short term basis crude oil held above It held above the 200 period moving average a week and a half ago It's attempting to make high highs and high lows that there's a chance that it tries at 97 61 If it can hold 93 as key support And break above yesterday's close above yesterday's high of 99 round number 99.00 in the continuous contract It says it could make a new leg b a parallel leg b above 100.99 I must be wrong about that that must have been yesterday at 99. Yes. Okay. 99 was yesterday's high So that's where we're looking at crude oil. Um, if there's any move in crude oil below 90 87 the 200 period exponential moving average It just says forget it for now. That's going to hug Crude oil is going to hug that 200 period moving average for a while It can go up and down but basically it's going to make a sine wave up and down that level So it needs to get to the 102 one 103 level very quickly to say it's now back on its way up That's different to the natural gas which pulled back sharply today Uh, but is that a spectacular move to the upside? It's a different pattern altogether So I did that I did that did that I wrote down the other things I wanted to look at here Oh gold I said I'd look at gold. So gold is very interesting now. It's unchanged. It's 1735 This is the moment that gold has to break above The high that was made in the 1756.3 in the continuous contract the 22nd of july If gold can move To 1765 Either thursday or friday and on a weekly basis close nicely above 1755 That'll be A sign that says the dollar and now we're going to go to the currencies. It says that the dollar Okay, okay. It says that the dollar which is down in seven ticks right now at 117 14 Could start that move down now. I wanted to show you something very interesting in the 120 minute chart Look at this 120 minute chart. We had a peak a b see And that corresponds to the inverse of E u r u s d Look at that beautiful now. I will talk about this just momentarily. This is called I typed this in a long time ago at 120 minute chart. I said there's a chaplain wave unconventional flat base restart It's a long terminology for a title But the title explains the whole thing chaplain wave meaning it's my own particular formula that I developed It isn't a flat base restart that says sometimes you make off the three bar two to three bars after the peak d make a new high And you pull back You hold above the left side low And then you start to make higher highs But it keeps pulling back But it does get much higher and you get to another alternate count d The unconventional flat base says very soon after you make your e It's e slash a because within three bars you went above d You pull back sharply Almost took out the left side low And each rally above keeps coming back to that level. It's like this is a magnet This little doji candle right here of 1.01242 That was on the 19th of july um and one o'clock That's the magnet and it says at some point you're coming back. Yeah, no matter what you do Just be careful and I put it in pink and I said right there back to base Well, it went higher and higher and higher when it was traveling up for two two bars 120 minute bars in the 1.02778 area You thought ah come on. How can it well look at this the 200 period moving average became A repellent and a magnet at the same time You had your sine wave over and over and under it and eventually what did you plop? It's at 1.011. Isn't that another fantastic technique? All right, and it did the left side right side price time match to the hour to the 100 to the exact hour I chose that as the ball. 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Just visit the front page of tfnn.com Hi folks, if you don't think that arches and cups don't work all the time Look at this. We made a high at about 11 o'clock at 30 at 39 80 maybe two pulls back Makes that cut arch formation And then starts to brand new buy signal and goes to peak a b but underneath the previous high This is all grades gray a gray b gray c It doesn't go to a full complete buy mode officially until it breaks by 25 cents above that Well, now it's just gone to the exact high and it's turned over making a cup formation Uh, and that is your left side right side price time match the exact number of bars on the left With that that's the quiro. That's the quarter of a semicircle on the right you get the boat Right side of the of the of the Quiro and there it is doesn't make a d doesn't matter the line is still over the 14 and store a positive thing So anyway, these are the techniques that I like to use. We've gone through a chunk of stuff today There's the euro. I was going to do I'll do quickly. I'll do the Uh usd jpy This is the um gone to a leg. It's recycled gone to a g 200 period moving average was resistant So now it's become a support and that's going together with the dollar. We'll see what happens So we've got the fed coming out today. This is abc In the 120 minute chart of the dollar So folks if the dollar if the if the dow is holding 90 or 100 points or more After say 245 That's really good action There should be a decent close if all of a sudden it's just only a 50 or even negative That's just hey hold off the fed is making things we're making a little nervous But I think the fed's going to be pretty steady very firm But articulate and I and that's a change. So that's the way we're looking at it And I'm just going to wish you a wonderful rest of the day great programming coming up here, of course And uh, this is basal chaplain my service here is the Is the tiger technicians hour every day 10 o'clock to 11 eastern time and my service in the news Dead is the opening call and as I say we've got At least two positions one is up eight position eight percent and the other is up almost eight percent Day is yeah by the end of the day. They might be down. You never know But this is what we're doing and we try our best for subscribers To give very nice positions as straight and positions to hold Thanks for being here at larry. We wish you the best white light to you Great programming coming up. Stay tuned See you