 testers. 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. Good morning, everyone, Basil Chapman, Tiger Technicians Hour on this Friday, the 6th of October. And I think before I even get started, we have a guest. Am I correct? Do we have a guest for the show at this particular moment? My engineer, Basil. There's a 50-50 chance that it's Larry Pesavendol. But yes, I'm here. I have now for five days. It's not life-threatening. It's just basically a nuisance of the head cold and stuff. But I'm not able to talk very much. The only reason I'm on here is for the folks to pay very, very close attention to the bond market and the gold market. Both of those markets are poised to make reversals here in the next two days, if I'm correct on the timing. And the whole world has various the bonds as they should be. But we should get one big rally here to scare them. So I'm just alerting you to watch those two markets. So Larry, I'm not sure. I'm not sure if you're actually able to see the charts, but I have a monthly US, this is the 30-year T1 continuous contract. And I have a measured move here, which goes to either October or November to go to the low that was made back in August of 2013. If you count the number of months to the midpoint that I chose, which was the October 2018 low at 123, well, that was a continuous contract, I think it changes at 125.5. This is the measured move that I had. So it comes in around about here. So I'm rather intrigued to see what's going to happen. But I'm going to keep everything that you said in mind because the move in bonds, certainly the last three weeks, going from the 119 to 109, I mean, 10 points in an instrument that used to be called the safety factor, not anymore. I can only speak for a few minutes otherwise, but I should be hopefully be ready on Monday. But thanks for the information and keep up the great work. And I miss the guys over there at TF&N, but I'll see you back Monday hopefully. We're hoping that you get better real soon. And if there's a chance, I'm trying to be able to fill in for your hour. I know that it's not the same thing, but I will try Monday. So much. Thank you. Thank you very much, Basil. Okay. Thank you for calling, Larry. Look after yourself. Hope to see you on Monday, right here. Okay. See you later. Bye-bye. Good. Bye-bye. So, folks, let me just do this. We've got the down, 236. Well, first of all, the bonds are down almost two points. This, you would think the previous big move down, that big acceleration on the, what would date was that? I think it was September the 25th. You would have thought that that would have been an acceleration like that would get you closer to the end of the run to the downside. It hasn't really worked that way. So, let me just do this. I'm going to do the TYX, which is the yield. And that's in leg E in the daily chart in the Chapman Wave Methodology. It's a Gsass C in the weekly chart and an F, but it could be an Fsash B in the monthly chart. All those letters mean absolutely nothing. The price is way above in each one of these. The price is way above the nine-period moving average. The nine is way above the 14. They are way above the 50-period moving average. They are all way above the 200-period moving average. It's actually at 39. And here we are at 50. And the MACD is very strong. The stochastic is flat at 91%, but just starting to show a little bit of weakening, but still very strong. The relative strength of this little gray line is still strong. So, it's telling us that to be able to see a trend change that is not just a one-off, one that really impacts the weekly chart, that's the intermediate term chart, this middle one, you would have to see this green-period moving average go underneath the 14-period moving average quite sharply. So, that means you'd have to see 45.50. That's 4.55. And here we are at 5.0600. That is 5.00. That's what you'd have to get to get a change that really impacts the weekly chart. So, this is a work in progress, and it's going to be tough to make a meaningful change. If you're looking at gold, and that's what Larry was talking about. Look, gold. Oops, where did I type that? Let me type it right here. Click. There it is. Let me type in the gold. There we go. At GC, there's a continuous contract. Yes, there's a candle right here that says it's attempting to form some kind of a bottom. You've had your one-to-one in the, more than a one-to-one, just over a one-to-one in the propeller shaft pattern that I talk about in the weekly chart. I spent some time on that. Let's go to the GDX, because you can see it a little clearer. So, the GDX is the miners. I like when the miners lead the gold. I don't know what it is. It's just something that over the years is something that I've developed as a forefront, as kind of a signal that says, keep in mind that when the gold miners, not the gold contract, but the miners themselves are starting to act weak, and gold is holding up, you're going to see gold fall. If miners are acting a little bit better, and here we are for the second session, moving up after the load that was made at 25.62 on the 4th. That's just three sessions ago. That's going to be really important. So, in this particular context, yeah, you've got a perfect one-to-one. This is the Chapman Wave inverted for technical Friday today. So, let me just show you the charts that we're looking at here. So, I have a particular pattern. It's this pattern here where the price moves up sharply and then starts to make lower highs and lower lows, and then it forms a kind of a cup formation or a v-shaped formation, and it takes out the upper declining trend line. I call it a falling axe because it looks like a falling axe, but it's really a more sophisticated way would say it's an expanding declining cone formation. All right, too many words. So, here we are. You break that. That means you can go in a cup formation or v-shaped formation using that. Now, what was a repellent line now becomes a propellent line, and all of a sudden you're talking about going back to that high. Well, if it's inverted, I've got exactly the same choice. Even the lettering is upside down. Look what you've got. You've got a sharp move down. Then you're making much higher highs and higher lows, and then you arch over. In this case, it's a double arch, and you take out the support level. That means you can go, in this particular instance, I drew it in as a one-to-one expansion. This is the same methodology here as it was on the upside, where it goes to a Chapman wave one-to-one parallel extension. Now, when I say parallel, I mean that it isn't the bumpy ride. It is the number of bars from the top to the bottom. This is your, in a sense, it's the Tf and N lightning balls pattern that everyone talks about. And it goes, this is not peak and trough in the Chapman wave methodology. This is your A to B line goes to the C to D line. So, we went there, we went a tad under, and now we're a little bit above. So, when Larry says there's a chance that we could have some kind of a, some kind of a balance, I'm going to talk about this in the context of the charts themselves, and we go through all these different, different indices very carefully. Up back, dollars down 200 and whatnot. Not bad for a day that should have been minus 500. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in a 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. 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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. TFNN has launched the Tiger's Den hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den available to all Tigers and Tigris' for just one dollar for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com toll free at 1-877-927-6648. Internationally at 727-873-7618. Hi everyone, Basel Chapman here. This is the Tiger's Den. What we're looking at today is the Dow is now down to 18. So this is really important. The low yesterday uh two days ago in the Dow was uh 32873. So far the low today is 32862. So we've gone to a trough G alternate count G slash D. So that let me just type this in here for those of you who use Chapman Wave methodology. So I put a C there and I'll make it a D here. So is it going to be one of those sessions where now let me go through this. In my methodology there's a technique that I use that has bar symmetry. What is bar symmetry? It means if you go from a particular price point and then you rally and you make an arch formation you fail in A or B or it doesn't matter what it failed at but if it starts to roll over there's a measurement that you can take if you're able to identify the midpoint sometimes takes a little while and sometimes the midpoint that plum line has to be moved. But if you can identify it it means that you can get a measured move back to that point. And in this particular instance let me make this a little wider. You've got a measured move from the thirty two thousand five eight six low of May May the twenty fifth in the Dow and then there was a bounce at a peak and a pullback but it had a higher high and that higher high was at thirty two thousand seven oh four. Well that created for me some kind of a cushion level on a worst-case basis if there was a turn down that took out this thirty four thousand and twenty nine low that was made back in August. So we went up to thirty five thousand six seventy nine August the first that's where we're short we're still short right at the high of that that day this is the recovery high from August the first. We do have a long position that might be taken out very soon just a real short term because we've raised a tremendous amount of cash. One of our higher cash positions that we've had in quite a long time. So within that context as a trade we've got a three times long down position. We've got a very tight stop I could have tightened the stop this morning even more but I said no let's give it a little run why because within the context of everything we're looking at here and I'm going to go to that in a moment this measured move says right here it says right today the 6th of October is the day where there should have been if there's a precise measured move and I also have the Chapman wave inside wedge target support line giving the exact take this is the day that on this line now the the Dow doesn't know that the chart knows it because it's written on the chart but in real life the Dow couldn't care less it's just it's doing what it's going to do so now that we've taken out this left side low this is now in leg D the stochastic said nine stochastic said nine percent that is in the very negative area because the single digits the MACD look at the histogram it's so wide and look at the way there is no there's been no relief at all so that just says the intensity of the selling had to have some catalysts and today would have been a catalyst if for whatever reason and it didn't seem likely but and I'm going to explain what I'm looking at in the more intermediate term but I had to put it in as a chance and the only chance would have been to have a very small maybe two percent one and a half percent risk for a trade and this is only for the traders of my subscription to my opening call who thought there was a chance that there could be a positive and I did this before the market the 8 30 am news I like to do that I used to wait but I found it over the years waiting it's just dumb the market's going to do what it's going to do do your homework and just give the different parameters that will happen don't wait could even after the market things could change dramatically so after the economic news so now what we're looking at is we've actually started leg D leg D is where you look at your leg D and went to a trough D and had a really nice rally and I'm thinking we could have something the same now let me go to what I think most people are asking about what's the intermediate term outlook well the intermediate term outlook and I'm going to use this I've used it we've used it very successfully for years decades actually I'm going to try to do it again here this is the let me just get to this on the doubt this is the Dow daily why did it change did I oh I went to a different one okay let me go back let me get this get rid of this what am I doing here well I'll just keep to this because that's the way it is this is the Dow daily and yes this is where we went short based on on balance volume and one or two other aspects to my technical techniques this is where we got the confirmation that this was something more serious and there was one day of green and then one day of pink that's the nine period moving average went under the 14 period moving average now let's go to the weekly chart no no no I'm going to stay with this just for a moment to go through them all look here's the s and p spx.x pink negative nine period moving average sell mode daily chart sell mode dow sell mode for a while now s and p sell mode qqq look there it is not as bad but still pink i w m been for a while even longer than the dow it's been a sell mode since early august now smh is smh very important we are short the smh is from two points of the top all-time high that is and here it is pink but you can see it's rising that means if it deflects lower that's really negative but now let's go to the weekly charts so now the weekly charts and this is why i'm i i'm comfortable saying that we've raised cash but i'm looking there are some positions that i i'm liking and we've we've attempted to be in and we've been stopped out for small losses but i the couple here that i'm really intrigued with but wait a minute the weekly chart of the smh is hasn't hasn't yet the green has not turned under the 14 period moving average is still green the qqq is still green after all of this is still green that's the weekly the more intermediate term the dow negative for two weeks now i w m negative for two weeks now the smh is the semiconductors in my work almost always leave the market up and leave the market down so i'm watching them very closely because if there is a rally it needs to take uh into consideration and video which has been pulling back but look that nine is still way over the 14 and we want to see what happens but wait a minute look at the hgx there's the weekly chart of the um Philadelphia housing index housing sector index so it's gone pink so you're losing some of these aspects that we're really look how powerful this was now you're starting to lose it now that the payroll numbers that's one thing well when you're talking about payroll numbers um it's something to keep in mind because that is really important if you're talking about job numbers that's important and at the same time interest rates look at this is the tlt look at that acceleration to the downside with the pink this is the weekly chart of the um 9 9 14 and that just says you've got to be real careful here this is a different scenario to what we've usually had i'll be back in a moment dollars down 172 is abuse down 18 basil chap and tiger technicians out currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex 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what the objective is to go from a buy signal to a buy mode using different techniques sometimes you can just have the naked chart and if i want to do that right now maybe next week i'll do a bunch of charts with a naked chart but look at this here was a one-to-one from the 200 period expedition moving average in the 10-minute e-mini chart and i went to peak a i wonder if i can squeeze this as you can see a little bit better yeah oh it's a wrong chart this chart right here go squeeze squeeze squeeze there we go so this went from the lower to a m this morning i wasn't up but it went to peak a peak b peak c then it pulls back and i was up to see this move at move walk in the nine-period moving average this green line um at 6 a.m and i watched and watched and watched and made a double top c1 c2 and then it continued high and then went to a d that d was an exact measured move this is the chap me falling affirmation remember this is the pattern i was talking about right here for falling affirmation then we took out that high that that higher trend downtrend line and it said you could go to the previous peak well low and behold it took it out we went to the previous peak and then continued higher so i'm watching this closely closely closely and then we got to right here in the one-minute chart and i was trying to do my work for today my morning newsletter my traders corner for the opening call newsletter so that's the section that does all tells you what to do and i'll watch you watching watching and low and behold what happens in the one-minute chart it goes i'm scrolling to the left it goes into a long narrow rectangle formation this is a this is a really important pattern that i look at goes to a peak in the chaplain wave the magdi starts to fade the stochastic turns down on balance volume gives you the exact high look at that the exact high pulls back but the price holds and i'm waiting for it to go go from green to pink um actually at the 4304 level the 4305 125 was the high i i did hit the button for a short position and i i actually because i got back to being very busy with my work i said you know and i'm just i have to get out you because i'm i'm being distracted this is such an important day so i'm out and look what happens it goes from 4304 to today's level 4242 but that's fine you know we we have plenty plenty moves like that around not that plenty but they're enough meantime look what happened it's smashed to the downside but if you look at the volatility i haven't done that but i need to now look at the volatility index look at this big rally that we've just had from the 10 10 low in the about the 42 49 area here we are at 4282 in a leg d above the 200 period moving average in the one minute chart and finally you're getting a leg b at the 200 period moving average at the in the 200 period exponential moving average now one of the things one of the reasons why we went long as a trading position a few days ago and it's held to stop so far a tight stop is because i'm anticipating that if this succeeds just the sellout of just everyone throwing out up their hands and say i i'm done this is if you're in the bond market the stock market i mean everything's going down usually bond market goes up when the market goes down you're saying self jeez this is horrible well now let's look at the vixx index and the vixx index the volatility index went to a peak scene and the chapter we methodology i use this the notation only because i always notate all peaks and troughs that i see before me um but this is not the one that goes to i i'm looking for a d it could go to d that's what i because it's an emotional barometer and it's measured that just the way it's done i just find that this is not what i the only one that i do not at all use this and often i use it uh sparingly when i'm you've got the inverse each the three times long or short inverse etfs that's where you can get a little bit of an aberration because of the makeup but look at this this is only a leg a in the weekly chart it went to the 200 period moving average and now it's pulling back it's went to a peak c but this could be an alternate count this could be could not be a b c d no it couldn't be an alternate count so this is a c but it doesn't matter look it's pulling back this is exactly where you should start to see an acceleration where everybody says oh they tried to run in they failed them we went to a low low no this is so far this is really positive this is kind of what i mean anticipating is a chance that this could happen and that is that this isn't the low in the market even though i'm talking about it on the date why it's just on this measured move but it's some kind of a low not the low but a low and not j low so what we're looking at here is the weekly chart did more than a one-to-one to the downside in the Dow so this and the 9th is still very negative under the 14 period moving average i'm anticipating some kind of a balance and then we should get some kind of a retest and i would not be surprised if before it's all done that the SM that the QQQ weekly chart actually does flip to pink in the 9th period moving average but it doesn't have to do that right now so i'm not getting overly bullish or anything like that i'm saying we are prepared we are anticipating that there could be and i'm looking at certain stocks that for me are kind of indicator stocks so i'm looking at this and saying is this the moment that there could be at least a decent balance at least a decent balance hey let's look at the XLF XLF is the financials holding down minus six at 3270 not bad considering the last few days it's three green candles when the market has been so weak but there is a pink 9th period moving average s in the weekly chart of the XLF but it has it's just on the 200 period moving average there shiny that's going to be like a magnet for a little while let's go to the KRE which is the regionals the regionals are whoops let me update that there we go the regionals hello anybody yes there it is a lousy chart but at least it had a green candle Thursday Wednesday green candle Thursday and today is like a doji candle down 61 cents i'm just watching these and i'm saying are we getting close to this because the gdx now is the gdx starting to improve it's up 25 cents at 2657 i i'm going to venture to say that just on an oversold basis that we are ready for some kind of a balance i would treat it as a balance and i would have to see the smh is up about two or three points there are 75 cents right now at 145.96 and by Tuesday if this is going to be more than just a balance you want to see the smh is over the high of the 2nd of october that's 147.27 that's only less than two one more thing you know what the weekly chart of the smh is saved the day because they went into the chapter inside what was a propellant zone has become a repellent zone and that would be that would be at least a short term part i'll be back in a moment that's what's happening i give you this is our house down gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xau hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed marked insights to be your daily guide to 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biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-4767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 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 uh so i don't want to take this time now to do it yeah i had a question about what happened to that uh thing that you were talking about yesterday when you were doing Larry show um was it doing yes about this left side right side price time action that you were expecting the uh 42 99 50 high of uh 20 to 10 am eastern time uh to be tested uh at about three o'clock um let me just check here and it got exactly to that point in leg d at uh 240 to 350 okay so yeah just before three o'clock it did it actually did it in one bar earlier than the time frame and the chapter we've inside uh wedge target resistance lines of dash nine it got broken twice and then look what happened to that peak d ever since that d was made we had it took until this morning at about six a.m to break that level right there all right and then it broke and went to another d that was a peak d yes a peak d and now we started to pull back so this is uh the same kind of pattern and i don't think we're going to be able to get to if we can go above and close for two out of three bars today especially this morning above the high of 840 this morning 840 was the time a.m and that was 42 94 the high so far has been 42 85 or so if we can do that at any point that says you've got yourself a nice base of support if there's a sudden pullback later in the day uh but we need to see that all right so now we can go all to all the stuff that i want to look at if i done everything in my an update i don't think so but so the question came in ccj you were talking about yesterday that it was holding very nicely and that it had an alternate count and it went to the left side load broke it the 36 level and now it's bouncing a little bit where do you see uranium what was the x is x no what it was u uca why am i forgetting it suddenly uh oh why have i forgotten the uranium uh etf is it u r a u ra yeah there it is okay yeah that's and look today it's got an s meaning that this extreme move that went from the 21 level there's a global x uranium etf screams up to the 20 was at eight uh 28.42 high of the 28th of september now it's come down sharply but it's trying to bounce a little bit and now you've got a potential for chapter wave roman candle um oh let me talk about this chapter wave roman candle right here you see this is a perfect one off a high one bar or at the high or one bar after the high and that says very simply we haven't closed this is not even an hour and according to the session today but what we're looking at is if at any time with the next two bars it's in the next two weeks there is a move that i'm gonna for a whole day if there is a close below 25 40 then we should be testing the low of around about 24 31 if there are two closes in the next three weeks above the high of this week if the high of this week is um around about 28 26 99 and here we are 26 25 99 um so am i reading that correctly that's a 6 yes 26 99 that'll be very positive so that's the technique of the roman candle but we just saw it in the dating chart of the dow chapter wave roman candle as i said to subscribers we had a green one yesterday uh two days ago and my rule of thumb is within two bars if a sauce trade for 60 minutes as it wasn't 60 minutes but below in this case 32 000 if i can read it from here 960 level there's a real good chance we're going to test the low and maybe take it out we just did that we went to a lower low today we went to a lower 32 846 the last low was 32 873 now all of that is done and it says now what's really important is in the next two days you need to close close over the high of the fifth of october that was yesterday of 33 174 so that's the way my chapter wave roman candle works maybe i'll have a session one of these days on the run i have i've spoken about it in my webinars but maybe i'll actually have a webinar including one of the one or two of these techniques we're always talking about yes the uh you you you you had a very sharp pullback that's a global that's the energy fuels ink uranium went in about nine and then it turned down and went into the mid sevens now it's a 762 yeah it looks to me like we might have made at least a short gem top in the uranium stock yeah ue sees the same thing this is uranium core uh uranium energy corporation this is a much nicer chart i've been talking about this for some time saying this is the one that i really like we've been long since 364 and hit 577 taking a little bit off you still got you still got a core position i'm going to be watching this closely because so far it's saying with crude oil taking a huge dive oh i haven't done the update how can i do the update when i've got so folks there's a chance i'm going to do my very best to see if i can arrange things to be able to do larry's hour at one o'clock today it's a really important session but i i'm liking what i see you've got crude oil down sharp and you've got jets which is the united states uh this is the united states global jets etf horrible chart here's your peak d there's one peak d there's another peak d in the channel methodology and now you've plunged underneath not all of them but you're taking out the uh march low and now you're testing the low of december december the week of the 30th was a low of 16.58 and you've just made a low this week of 58 16 is that a 16 you have 1637 you went below it um oh not a good chart at all so there's a lot going on here and i'd like to maybe cover that when i when i do the next hour and as i said so um within that context i needed to do as i did that i've done that a crude oil i've just mentioned the crude oil look at that peak d in the weekly chart the mac d's still very strong stochastics now at 87 percent still strong on valence one turned down the nine is still way over the 14 so you've got a cell mode in the daily and i said that i've got an alternate count enough i'm correct about the chapter wave unconventional flat base restart that i typed in over here uh that was way back that was way back over there that's right we took out that left side low and i said oh you've got to be careful so um we're now at 82 still way above the 76s but it does have i haven't got this is just i haven't given you a time over the weekend i'll draw in i'm not going to do that now the time sequence where i think the crude oil will be in about two weeks time or a week or two okay that's that now we want to do the bonds tlt so yes this is not a mistake it's not like a typed in here that is in fact the bonds right there it's gone through a leg after the downside i was talking to larry just a moment ago when larry called in he's he's a lot better but he's just not ready to do his show um and now look at this look at this you've got the arch formation 91 85 was alone october rallies all the way to the 109 and now it's trading at 84 i mean this is we've not seen this and you remember when i came to tfnn back in 2022-2023 i said that some years back i had written a paper that was barons wanted to do but then kathy welling i think it was done with edith and she was very interested in us doing this the mega bull market to come that was from 1987 and i spoke about the jeopardization of our bond wheels that someday we're going to go to zero just like the band i changed that two years ago i said you know i think that you've made some kind of a low in the beginning i'll be back 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 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you to do is in the um if i do leisure i'd like to do the commodities because look at this this is the dba a nice balance of the law in the dba agricultural fund so i want to look at some of those commodities but most importantly this is what we're looking at in the to sum it up just make it as simple as possible within the context of let me go to this here in the context of the weekly charts it's important to note that the qqq the ndx 100 is holding really well but on this uh move that we're seeing right now you see this these guys like a sandwich big green can look it goes green red green red green what we're all looking at is that the nine-period moving average is still very weak but it is trying to turn up the histogram in the in the mag d is actually very close to turning up the stochastics at 30 not in the single they're just all the teams but at 30 the on balance volume so we are starting to see some kind of rotation where some fund managers are starting to i i this is what it looks like starting to pick certain stocks but look at that when we get back at the one o'clock time frame bowser chap entirely loses all my services the opening poll and uh yeah it'll be an interesting hour what is it two hours to go before one o'clock and we'll look at things again so uh steve recorded his program this morning at eight it will be coming up next and uh