 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Welcome to the December 15th, the fantastic Friday edition of today's Traders Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope everyone out there is having a great day Let's make sure we have an extraordinary one Now the easiest way to do that is to always remember that life is happening for us Not to us That's right when you and I make that one little two by four shift It means we can find the gift in every set of circumstance that life is going to toss us Now today you and I we're going to go check on the circumstance of these markets We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning I want you to know I'm absolutely grateful for your presence here But even more important than that And that's this during this next 53 minutes I am here to serve you So feel free to pick up that phone would love to hear from you 877-927-6648 Now if you've got a question but you can't call in you can send me an email Now send that off early send it to Steve at TF9.com Inside the subject heading please put radio show question Of course if you're inside our Tigers then well then any in every ping we'll do So let's go ahead and get this show started on a fantastic Friday Of course this is Tiger Financial News Network I'm Steve Rhodes welcome to the show a mixed bag out there You got the Dow down 32 the S&P off 1, NASDAQ 195 Brussels down what's basically flat Summizer up 52, Trendy's up 183, New York Stock Exchange off 86 It is a mixed bag, Gold's up 3 bucks Silver's down 14 cents, sounds like a mixed bag there too Light's recruited is off 44 cents, natural gas's up 8 pennies and 30 treasury Up about a half a point printed out at 123-26 Now the leaders in the clubhouse to the upside dollar wise Broadcom 35 bucks there a little over 3% booking holdings 24 bucks Less than 1% Costco up 21 bucks a little over 3% Mercado Libre Less than 1% or $14 move in alpha metallurgical resources About a 5% move that's nearly $13.60 To the downside, Eleven's Health off 16 bucks Regeneron Pharmaceuticals off 15 bucks, Molina's down 14 O'Reilly Automotive's off 13, Idex Laboratories down 7 We got movers and we've got shakers But let's begin the day by taking a look at those daily equity And daily and weekly equity future contracts So to do that we'll change our panels We'll go over to those white background screens Try to keep this as smooth as we can And on the upper panel the upper row you've got the daily timeframe The lower row you've got the weekly timeframe So upper panel on the ESMini upper left hand side You'll get a wave 7 confirmation of a top If price does not spike the day above 47.9175 It has not done that yet Day is still young If it does then that wave 7 pattern just extends itself If wave 7 gets confirmed we should see a retracement At least to the oscillator and change line That is at the 47.22 mark We take a look at the weekly timeframe chart Weekly timeframe chart shows that price is above It says swing points out here These are the swing points, whoops sorry about that These are the swing points from the week of August July 28th out there That is a bowler signal there And so the weekly chart is suggesting it wants to move higher But before we go to the NQ I see we've got a caller on the line Who wants to talk about the NASDAQ 100 And that is John and Philly John thank you for calling Thank you for holding Happy Friday to you How are you today? I'm doing well Same to you Steve Thank you We must have extra sensory perception here my friend I wish Yeah exactly We can always wish Exactly Steve I am not a bear And actually I'm never a bull nor bear I always try to follow the The sayings of David White Namely there's no right There's no bull, there's no bear There's only the right side of the market Whatever it happens to be Yes With that said I have been looking exclusively on the long side Since that Sunday night October 29th When the decline that preceding week did not extend lower Having said all that Steve people in the den know I've been remarking the past 24 hours about how close The MDX 100 has gotten to It's July peak I think the peak was on the 19th It's gotten within less than 1% of that time My question to you sir is Would you share with us any tools that you have That are warning of topping behavior And perhaps you don't have any tools that give you such clues And regardless of that The second part is What are price levels that you can share with us On either the NASDAQ 100 Or its derivative futures contract That we contract now the March and Q futures What levels must be broken To give clues that some sort of tradeable high is in place So that's my question Thought I'd pose those to in detail And just listen to what you have to say Okay you got it Thanks for the question I think I understand it I'll do my best to answer that It's a great question So I'm kind of like what John was saying That there's no right side of the market And with regard to how I try to analyze these markets I'm always looking for clues as well And so the first clues of a potential top showed up yesterday So those were coming from the daily timeframe charts And they were coming from three of the sectors Inside the S&P 500 Those three sectors being the XLK The technology sector, information technology sector The healthcare sector And the consumer staples level XLB and XLP Now the reason that yesterday this showed up on my screen Now these represent nearly 50% Or maybe over 50% of the weight inside Of the S&P 500 So it's really worth paying attention to the sectors as well Much like when we take a look at an ETF folks We try to understand what are the top eight, ten instruments doing What's there waiting inside that ETF Well in the case of the XLK What it did yesterday was it generated a key reversal bar And that key reversal bar Confirmed a rogment and indicator top Key reversal bar It requires three things folks The market must be in extended condition It definitely was at that We need to see the high and low of the prior bar Get exceeded And we need to see the market close at least one penny One tick, one pip, whatever it is you're trading In the opposite direction of the trend As I indicated to subscribers last night Even though we got that topping signal What we also got was price testing And rejecting that green oscillator and change line So that neutralizes signal But it's still something worth watching Now as we speak right now Price is trading above the high of yesterday That'll negate that signal altogether So if the XLK closed above 192.08 What was a potential topping signal Longer would exist In the case of the XLV in the healthcare sector And that's trading lower this morning This was a classic pattern that Tom teaches Now first price was trading into a swing point That takes us back to July 24th That was a TD9 account top for the XLV But what price did was to test that swing point That had 12 million shares Yesterday's test and rejection because it closed below The low of that swing point was with 10 million shares Now we're seeing price do what it should do And that's pulled back to that oscillator and change line 133.35 is its target We come back to this break folks We'll take a look at the XLP The third instrument that gave us Topping signals yesterday We'll be right back This is a free webinar for all opening call subscribers If you are not yet a subscriber Visit the front page of TFNN.com today To secure your spot for Wednesday December 20th 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 But you can do it You can do it You can do it You can do it You can do it 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 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 Finishing at number 2 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 7 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 The market's here We're trying to find any clues that a potential top could be forming Out here The third sector with inside the S&P 500 That gave a signal yesterday was the Consumer Staples Sector XLP and that generated a Sell the d-point pattern Formed a nice little dark cloud cover It's wave number 7 that we have in place And what Price has done here though Price has pulled back and has tested That oscillator and change line Again, the reason I developed the oscillator and change line Is to help me understand What a retracement is just really A retracement back to support Markets are going to go up and down The question is when it's going down Is that a top or when it's going up Is that a bottom out there Well that oscillator and change line really helps As you can see that is green Pulling back and testing that Actually that's a buy point If Price were to close below that That's not a buy point That tells us that the next buy point John's question was What clues do we have? Those are the three clues That we have right now Now, as each of you know We've also been talking about Seasonal charts, I'm not going to pull those up right now We've been talking about the presidential Seasonal cycle, the four year cycle Or we could see a market at the beginning of the year That typically heads lower For quite some time So what's a signal that that could be What we're looking at? Well we're going to change screens here So if you give me a moment we'll get over to Different set of screens, these are going to be the same Instruments No I take that back, these are going to be the Dow These are the cash intervals, the Dow, the Nasdaq And the Semi out there So if you give me a moment we'll get to those I think that is This screen right here Let me see Yeah it is, okay perfect So these are the monthly charts So we've made some new all time highs out here When it comes to the Dow, when it comes to the Nasdaq 100 Nasdaq 100 hasn't Made a new all time high yet But the Semi's have But really the point that I wanted to make here To you John and everybody else is that What was triggered yesterday is the Roadsman Dementicator signal That tells me when price is moving higher Doing a less relative strength But there's a couple other parameters that are associated with that Now when I can share with you And those of you that have listened to the show for a number of years Or have been attending my workshops Out there you know that there is one pattern That has been present before In the bear market that the Dow has ever generated Going back to 1896 One pattern That's a beautiful thing and it's the Roadsman Dementicator pattern It's present on either a daily Weekly or monthly, sometimes it's present on all Just depends on what's going on But that does not mean that when that Pattern is present that it turns into a bear market It just means that every single Bear market ever Ever in the history Of the Dow had a Roadsman Dementicator signal Or pattern that was present So we want to be able to take a look at this too John because maybe what this is telling us Is about a pullback That the election seasonal cycle Has This is longer term But it is still something to monitor And we monitor what's going on in the daily time frame Lastly we'll just switch over And take a look at the NQ charts out here We'll see what's going on from an intraday perspective To finish that up And then we'll go out to Fort Collins and speak with Mark But let's go ahead and change our screens out here Let's get over to this set of charts Now this is the Dow But let me go ahead and change this over To the NQ out here since that Is what was asked of And we'll take a look at the So on a daily time frame For the NQ What we have out here is no topping signal whatsoever There was a Roadsman Dementicator signal That had been triggered It was triggered for two bars out here I don't know why this is delayed And that's the whole reason why we don't Sell when the pattern Or buy when the pattern forms You wait for the cavalry to tell us About that We don't have that We don't have any kind of a top That I'd be concerned with At this stage of the game Today's bar number seven Maybe John we get a TD9 count pattern That forms between Monday and Wednesday of next week Maybe we get that If we take a look at intraday charts out here We've got a wave number seven pattern On the four hour chart We've got nothing other than price getting back To a breakdown resistance level On the 120 minute time frame chart The 60 minute chart we're just trading With inside profile levels So there's no really huge signals here John my apology I thought that you Had hung up But I didn't realize that you were hanging on We could have had I want to look forward To our discussion So basically with regard To the NQ You could look at here You can certainly take a look at key levels Of support that need to be broken Now this is the 60 minute time frame chart For the NQ If we're going to see any kind of change In trend at all We need to see at least the key level Of support broken That's at 16 732 I don't recall on the 120 minute chart But we'll put this time frame up here That has even broken one So I'd be watching for that Out there then of course you know We do have a perigee that is coming in Over the weekend so you and I Everybody else will have a new pivot point To watch come Sunday evening So I hope that that helped Describe that to you Again my apology you didn't realize That you were still on the line Let's go out to Fort Collins and speak with Mark thanks for calling Thanks for holding how are you today How are you doing Excellent so HRTX Tell me what you're doing How I can best help you Well I started scaling Into this My wife she's a physician Does anesthesia And she does it for one of their Products for pain management And it does not cause nausea So she thinks it's a wonderful Product so we started looking at it And bought some shares My average price is probably Around 65 Wondered what your thoughts are on Okay well I'll tell you what it's doing Right now so first of all you got a nice Bottoming pattern on the weekly time frame So here we're looking at the multi time frame Set of charts folks so Mark and I can take a look at it So first we'll start off I guess with the monthly time frame And a monthly time frame chart if you're Asking me where is so it's got a Roadsman to indicator bottom so you love that You've got that on the monthly you've got That on the weekly chart So that's a beautiful thing so the next battle ground For your longer term trade the monthly Is going to be the bottom of its daily profile That's currently at 201 Above that's 247 And above that is 294 So that's your longer term levels Of battles that you have on a Weekly time frame it's dealing with That battle as we speak right now And that's at a buck 73 now You are trading it's trading just above that Right now it's trading at a buck 76 so I've got A little bit of a delay out here But if you can close above a buck 73 And do that today That's real positive for you And that would then signal Well there is one other area of resistance That I see on a weekly basis Mark and that's The swing point from August 11 That was a bearish shooting star And so you really would like to see it close above that Doesn't have to be today If you can clear 187 close above 187 Then actually get us back to the highs From back in April in about the 290-ish type area out there That's what we're going to take a look at the Weekly time frame chart On a daily time frame chart We don't see any kind of a topping signal Out here here was a rogement Dementicator signal that was triggered That was on November 9th The confirmation of that pattern came with The gap to the upside on November 15th It has been able to take out Two TD9 count breakdown resistance levels This is suggesting to you and I That it's just dealing with this resistance Of prior swing points coming back Today you're up into it with 3.9 million shares So that's a beautiful thing That says that the highs should be tested The high out there is at a buck 87 of course you'd like to see it close Above that buck 87 that would then Say that this thing is going to continue To head even higher We get back to this break here Mark Stay with us I'm going to look at the A to B equal CD pattern You've probably already explored this But we'll see where that would take us to And therapeutics We'll be right back It's December Tigers That means festivities decorating Spending time with friends and family And the TFNN tiger dollar Holiday sale Don't miss your chance to receive a 20, 30 Or even a 40% bonus When you purchase tiger dollars Once you apply your tiger dollars to your account You will be able to use them For any TFNN product purchase Instead of your credit card On page of TFNN.com today To purchase your tiger dollars Don't miss your chance to receive Up to a 40% bonus On your tiger dollar purchase This holiday season Every tiger who purchases tiger dollars Will also receive a complimentary TFNN tiger mug with their purchase Act fast This sale ends December 17 Happy holiday Tigers TFNN Educating investors Tigers Tiss the season for leveling up your trading skills Basil Chapman is happy to offer All opening call subscribers a free Subscriber webinar Wednesday December 20 4pm to 5.30pm Eastern Basil Chapman will be discussing major Sectors and stocks that are coming off their lows In order to prepare your portfolio for 2024 This is a free webinar For all opening call subscribers If you are not yet a subscriber Visit the front page of TFNN.com today To secure your spot for Wednesday December 20 TFNN Educating investors The Gold Report As a precious metal gold is still king It continues to hold the most effective Safe haven and hedging properties Across the global major trading hubs Of the London OTC market The US futures market And the Shanghai Gold Exchange The Gold Report Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers Consisting of coverage of the XAU By 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 O'Brien's Gold Report newsletter now At TFNN.com You 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At TFNN You'll get advice and guidance From the authority and technical market analysis And it's not just Dry tedious text either TFNN airs live financial content Streamed live on TFNN.com And TFNN's YouTube channel with Tiger TV Live every market day From 8.30 am to 4.00 pm Eastern. For free TFNN's host is an experienced trader And gives their take on the market While taking calls and questions live From around the world From the moment the market opens Until the closing bell sounds Tiger TV has 8 different shows With expert hosts to help you make the right moves With your money Watch online at TFNN.com Or on TFNN's YouTube channel And become the investor you were born to be TFNN Educating investors TFNN. Live on your mobile device 24 hours per day Go to TFNN.com Then hit watch Tiger TV That's TFNN.com Then hit watch Tiger TV Welcome back folks We're studying the charts of Heron Therapeutics Takeer Simbler's HRTX's With Mark and Fort Collins, Colorado And on a daily timeframe It does have an A to B equal CD pattern To the upside That B point had volume of 7.9 million shares Has not been passed with volume As you probably already know That doesn't mean that it's not going to go ahead And extend up towards that price projection level The one to one price projection level is 206 That retracement, this B to C Was about 33% Retracement, so I'm going to say It's close enough to the .382 requirement That I have out there That would suggest more likely A move to 231, the 1.272 Expansion out there So all this looks good That stays like that That tells us the existing trend should continue The price did pull back Mark The level of support, the initial level of support On the daily timeframe is at $1.62 And here's an interesting thing that I identified And that is this I'm going to put up the 30 minute Time frame chart because it sounds to me Like you and your wife are accumulating stock So where's the next potential buy point Remember the daily chart said it was $1.62 The 30 minute chart says it's $1.61 So I like that when things come together Those red vertical horizontal lines That you're looking at, those are all TD9 count breakout levels out there We can see that none of those have Failed, so the price did pull back To the $1.61 level That could be a gift or a place where you would Add some additional shares Mark, what questions do you now Have after that review Daily, weekly, monthly? No, that was all great That gives me a lot of good information And some of that stuff I had kind of Thought was accurate So that's good to confirm that Cool, that's about it I think you've helped me out If you don't have anybody else Waiting, I have one more question for you But if you do, I can wait for another day No, no, you're on the phone You got it, my focus is on you So nobody's waiting One of the long-term holdings I have In a retirement account is The VXF Which is a small cap fund I think it's like a small cap $1,000 type fund Okay Federal government type retirement options And Like the Dow Jones Small cap something I can't remember the name of it It says it's the Vanguard extended Market index Yeah, so What's the question That you have? Just trying to Understand where this might be headed to This is a long-term holding I'm looking at Kind of a comparison I have that and like the SPY In that long-term Retirement fund and I'm just kind of Wondering what your thoughts are on that Versus the general bigger Cap stock market Here's what I can share with you If I take a look at the monthly timeframe chart Which is what I would do And try to understand from a longer-term perspective What this is doing And I think that this Formed a TD 9 count bottom Was actually not completed until August of 2022 It was bar number 8 The June low that identified that Actual low that is held And now price on a monthly basis Is inside a bullish structured Profile prices above the green Osseter and change line Those are bullish conditions out there And because it's a bullish structured Profile tells you and I I'm looking at 172. 78 out there So that would be the resistance point If price can overcome that Then we should see you rally up to 200.58 This formed a Roseman Dominicator top back in November of 2021 So it is behaving and is following The patterns that we typically see Out here that help us identify Topps and bottoms so to me This looks like this wants to run to 172.78 To get above that 258 This is a better holding than the S&P That would require more than Just a you know I would want to give that a 30 second kind of You know view out there But this when I look at the weekly chart I don't see any kind of a topping pattern Nor do I on the daily time frame So it looks pretty good and longer Term I think gets headed up to 172 wash area Do you have a quarterly chart Of that or do you do that I can't put up a quarterly chart Let's make me just a second here let's just Change this we can right now this is Set to the monthly time frame And what I do here folks as soon as I Can data series Is I can't take a monthly chart And for the value instead of one month I can put it to three months out there So that'll go ahead and put this in here So let's go see what that tells us So this shows us a wave seven top A Roseman Dominicator top That took place in November of 2021 And what that did was that took price To support and support was the bottom Of its profile there's a new profile That formed out here back in August Or the September quarter out here And price right now is dealing with That resistance level and that resistance Level under quarterly base so at the end Of December you'd love to see a close Of 162 16 You get a close of 162 16 quarterly says you're off To those highs those that all time High out there how's that for you That's great that's very similar to That's perfect thank you You bet you bet thanks so much for calling That was market for calls let's get to some Of the other requests that came in Let me get away from this chart here And the first one came in yesterday From Mimi and Mimi wanted to take a look At excuse me ticker symbol AU Anglo Ashanti Out there so let's go take a look At it daily, weekly, monthly Time frame and what we have here And I did share with I did share with Mimi the actual charts out there And right now what price is doing Is price is back inside It's daily profile Well I do have a little bit of a delay Let me see what it's really doing out here I showed that profile level at 1791 You're at 1796 so you'd love To see this day above 1791 If it gets back inside That profile 1791 Is the number out there You'll be below then a red oscillator And change line and the top of its Profile and that would suggest We just have a consolidation with Price likely targeting 1637 To 1698 We don't have any kind of a top out here Inside of AU Maybe this is just a large consolidation Between the $15 area to the $20 area I'm just using a range out there 1888 that's the high that we've seen Come in so far this week And that high happened to be the top of that profile That's how those profiles work In a monthly time frame it says The resistance at that green oscillator And change line So watch the daily time frame Watch 1791 maybe Price closing below that We're lucky to get a further retracement Could easily get us back to 1637 To 1698 Dan inside the Tiger's Den He's our Saba expert He's our expert at many things out there And we take a look at Saba The issue that Saba has Because Saba Science is that is folks The TD-9 Count breakdown level out there So you can see it formed a beautiful Rogement-Demindicator bottom pattern It did that with a bullish engulfing candle Did that with a three river morning star Formation Price was able to take out profile resistance And now it was attacking its TD-9 Count breakdown level $31.50 Does that mean it's a top? No, it means that it's just real resistance out there We take a look at the daily time frame What we see is a That one-to-one move, Dan That one-to-one move would be in 3234 The actual high out there I think just a few pennies below that The actual high is 3210 Steve Rhodes with TFNN We'll finish looking at Saba Sciences As soon as we get back to the spree 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 The 4X report Teddy Kegstad breaks down the 4X markets Every Monday using his 30-plus years of experience As a trading veteran of futures, 4X Stocks, and options Teddy releases his weekly Tiger 4X 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 4X markets tremendously When you sign up for the Tiger 4X report You also gain instant access to Teddy's 60-minute webinar archive He just hosted 4X strategies and fundamentals What is behind the Tiger 4X report? For all the details and to start your 30-day Tiger 4X report subscription today Visit the front page of TFNN.com TFNN Educating Investors 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 After all, he's got 45 years Experience as a day trader Larry will also provide daily charts Videos and data on the key markets That he's tracking Expect notifications from Larry on market movement you need to Act on at any time First-time subscribers also get a 30-day money-back guarantee If you're not satisfied, let us know And you'll get a full refund within 30 days Of signing up Subscribe to the Fibonacci 24-7 newsletter Today TFNN.com Educating Investors Are China A shares hot or not? If you trade China A shares A closer look Trade C-H-A-U or C-H-A-D Directions daily C-S-I 300 China A share Bull and Bear ETFs China A shares in either direction Visit DirectionInvestments.com Today An investor should consider the investment objectives, risks, charges And expenses of the Direction shares carefully Before investing The Prospectus and Summary Prospectus contain this And other information about Direction shares To obtain a Prospectus or Summary Prospectus 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 4-Side Fund Services LLC This program is brought to you by Vistagold Traded on the NYSE American And TSX under the symbol VGZ It's a ticker symbol It has completed the 1-1 A to B equals CD The only thing there that you need to be Concerned with A Dan-A-Zip a bearish reversal That would then generate a sell the D point Atop and that would then say Price should pull back to the oscillator and change line Currently printed at 2680 out there Short of that Price should make a move to 3591 Why? Because that retracement Was a 47% retracement Price pulls back Makes a bottom back on November 13 That was the C point of that A to B Equal CD to the upside out there And Typically when you do Less than a 0.6 when A retracement You'll do more than a 1-1 A to B Equal CD to the upside Its issue is really 3150 And if you can clear that Then we should see a move up to 3853 Over time, that's a monthly TD 9 count breakdown level So all looks pretty good Cassava Sciences S-A-V-A Hope that helps you out John C. The Tiger Stan wanted to take a look at Coinbase COIN is a ticker symbol Today pulling back and getting to a buy point That buy point being the daily green oscillator and change line That's pretty right now at 147.97 The actual low of the day 147.93 We don't have any kind of a topping pattern At least just yet If we did get a bearish reversal candle That we'd have a roadsman demindicator top The daily time frame Says that it wants to continue to move higher So too does the weekly time frame Now there's an A to B equal CD pattern to the upside I can see that it's achieved more than a 1-1 Level out there There's a roadsman demindicator signal on the daily time frame So I don't have to really worry about the A to B Equal CD pattern out here The next level of resistance out here John is its TD 9 count breakdown area On the weekly time frame 162.44 Now on a monthly time frame I'm going to delete a TD 9 count Top out there So it does offer a bit of warning Message to you And just simply watch that high Why? Because it probably starts trading above that high And certainly closes above that high in the month of January Well then that pattern gets negated And says that Coinbase wants to move up to 323 out there So that's what I see when I take the Coinbase charts I hope that that helps you out And thanks so much for the request as always Not a trader wants to take a look at ticker symbol You And you is a united Unity software out here And Unity software on a daily time frame It's about to do battle It's about to do battle with where price broke down From and that was at $39.74 Right now you're trading at $39.34 Out there the high of the day $39.65 Now if price can close above 30 Really the level you're looking for price to close above Not a trader Is the TD 9 count top that is still in place out here From the trading day of September The 6th out there That's the level you need to see price close above That level is $40.05 To then suggest that price wants to Make a move up to its next TD 9 count breakdown level at $440.03 Now there's a native B Equal CD pattern that is underway If a bearish reversal candle were to form not a trader You're going to get a sell the d-point pattern Sell the d-point patterns would suggest Price point back to support Since the profiles are below the Change line the oscillator and change on would be its target $34.11 That's what it's printing at now If we don't have the top in place I don't know what that number is going to be then On a weekly time frame You're going to close above the top of its weekly profile Looks to me like it wants to go target it's high That's from the week of July 21st Out there that's between $43.74 at the low And $50.08 at the high On a monthly basis it tells you about The next little resistance area and that's where Price is basically trading into $40.31 So $40.31 happens to be the top of its monthly profile $39.74 Is a TD9 Cal breakdown level And again on the daily time frame the high From that September 6 The time frame was in September 6 or September 8 It was September 6 Is at $40.05 So I hope that helps you out With regard to Unity Software The next question coming in from Dan in New York City And Dan wants to take a look at Nordic American tankers And Dan, your question was buy, hold, or sell I'm going to tell you right now It's an absolute buy This generator, I wish you'd called me about this Two days ago, why? Because what it did was it confirmed a Roadsman-Demondicator bottom pattern You'll love that, why? Because at the bottoms price gets so stretched It's kind of like that ball in the pool You try standing on it and pushing it down And eventually it's going to simply snap out of there It comes shooting out of the water and move higher And that's what Nordic American tankers Do as we speak. I can see it also had an A to B Equal CD pattern on the downside So it formed a buy the D point pattern You don't need two bottoms, you just need one But I especially like the Roadsman-Demondicator signal Because of that snapback It doesn't always snap back But oftentimes it does The majority of times it does Now, in the case of Nordic American tankers Dan in New York City Price is going to take out the top of its daily profile That's bonus number two here And that's as long as price closed above $3.94 today Back inside its weekly profile Says that last week closed below it Was a false breakdown Now what price will do is try to take On its next resistance level And that's at $4.10 If price can close above $4.10 You ought to see $4.31 out of this On a monthly time frame The pullback, so this still has a TD9 Account top that's in place But the pullback, and that was probably Two days ago Was a test of that green oscillator It's still a neutral overall signal But it won't be neutral if you get Nordic American tankers to close above $4.65 If you do that You're off to the races out there So Nordic American tankers, it ain't a sell It is a hold And you can still buy it Of course you'd like to do is buy it On the first retracement out there If I look at a 30 minute time frame chart We don't have anything in the cards right now That suggests that that's going to happen But yeah, so good trade Nordic American tankers Nicholas writes in, he wants to take a look at Bank of America, BA is the ticker Symbol out here, let's go take a look at That San El with regard to coin Go back and take a look at it But my recollections look pretty good But just replay this and we went through that In detail, Bank of America On a monthly time frame, you got to love That it's trading above its breakdown level $2.41.80, that's a bullish signal You're in bar number 7 on a weekly basis That's a TD 9 count breakdown area You have an A to B equal CD pattern Let's see, the B point out there is for Bank of America Had volume of 22 million shares When that was passed That was last week, it was with 27 million shares, so you've got a confirmed A to B equals CD To the upside in Bank of America On the weekly time frame I'm going to give you, wow, I'm going to give you What that price projection level is I'm going to do that off the screen here As opposed to going back and forth Let's see the real deal out here Here's the real big one, so let me put in the A point There's the B point out here Let me get the C point And then we're all set, so 1 to 1 That was a 51% retracement The 1 to 1 price projection level on Bank of America is 306.33 But see this move here, this vertical move That we've had over the course of the last Seven weeks out there That tells us this should do more than a 1 to 1 And 341.71 would be the price target So that's what we see when we take a look I'm sorry, I said Bank of America I meant Boeing out there, BA is the ticker symbol So that's what I see On a daily time frame You can see this thing has been just climbing The wall of that oscillator and change line Strong momentum to the upside You didn't need Stevie to tell you that Last buy point was on that TD9 count top That came back and tested and rejected That oscillator and change line That was back on December the 7th Maybe you get another TD9 count top That forms sometime next week Very, very good Your question is there a retracement coming And you have to watch the very short term Time frame charts, maybe there's a short Term retracement that's coming The 65 minute time frame chart That's one of the time frames we use 65 minutes because it divides equally into the 390 minute trading session You're going to get a TD9 count top That completes, but already completed So I still got that delay out here But basically that's completing right about now So see if that pulls back if it does Support around $257 If not there $251.72 Steve Rhodes with TFNN will look at Pinterest We'll get back in Starbucks It's December Tigers That means festivities, decorating Spending time with friends and family And the TFNN Tiger Dollar Holiday Sale Don't miss your chance to receive a 20, 30 Or even a 40% bonus When you purchase Tiger Dollars Once you apply your Tiger Dollars to your account You will be able to use them for any TFNN product purchase Instead of your credit card Visit the front page of TFNN.com Today to purchase your Tiger Dollars Don't miss your chance To receive up to a 40% bonus On your Tiger Dollar purchase this Holiday season Every Tiger who purchases Tiger Dollars Will also receive a complimentary TFNN Tiger mug with their purchase Act fast This sale ends December 17 Happy Holiday Tigers 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? 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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 This is a free webinar for all opening call subscribers If you are not yet a subscriber Visit the front page of TFNN.com Today to secure your spot for Wednesday December 20th TFNN Educating investors That folks, Stevie had a brain fart out there Stinky one, it was supposed to be Bank of America that we were looking at For whoever requested it My apology Here we take you to Bank of America Looks like you're going to get a wave seven Of formation today. That's as long as Yesterday's high doesn't get taken out Yesterday's high out there is up at 3407. So what should unfold here With the topping pattern is Bank of America should pull back to test Assessor and change time. That's its first level Of support. That's around 3205 But I take a look at the weekly time frame In bar number seven you're taking out A TDI account break down resistance All that looks good but you're trading into Heavy congestion, perhaps heavy congestion On the trading week of March 10th, this move lowered 407 million shares So far this week you are up With 263 million shares. So it's coming into that area with some Light volume would suggest at least a retracement Back to 3205. That's what I see when we take a look at Bank of America I hope you like the review on Boeing as well Out there, but thanks for correcting me A request to take a look at the pins This for sat P inside the Tigers den And the question is where to book gains Well, I don't see any top that's in Place on the daily time frame And I don't see one on the weekly time frame And I don't see one on the monthly time frame I think this is going to have a higher Out there. Now on a weekly base I can see an A to B equal CD to the upside Out there, that would say a weekly bearish Reversal Canada would reform me to get A sell the D point pattern out here Price is dealing with resistance That's at 3695 Let me see where Pintrust, PIN I think it's Pintrust, PINS Is trading that right now That is Trading at 3697 So if you can close about 3695 That would be another positive Out there, even if you don't It's just up at a resistance level It doesn't mean that it's the end of the move Out here Watch for a bearish reversal candle on the daily Time frame, that would also give you a sell The D point pattern, but otherwise Pintrust looks like wants to move higher Real quickly for Starbucks and realize we had Five seconds Starbucks is consolidating with inside Folks have a fantastic weekend We'll see you on Monday, take care