 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Hi folks, I'm Hazel Chapman at this Friday, the 26th of August. We're looking out there 33 points at 41.69. So this is very interesting. Over the last couple of days, we've seen some absolutely fascinating things. Now, I always make a big deal about the 200-period moving average, and it depends on what time frame you're looking at. But most importantly, it can act as tremendous as a magnet. Just simply put, what does a magnet do? It attracts whatever it is, usually metals. It attracts something, and it becomes a propellant or a repellant. If that, if it touches whatever it is, touches, and it moves away from it. So look at this. You've got the E-mini, this is a one-minute chart. Look at this orange line, right? Let me expand this. Everything's a little slow today because there's a lot of action with effect torque going on right now. So have a look at this orange line. It goes under it, and then it goes above it, and it goes above it, and above it, above it. And then it goes into a rectangle formation. Keep testing over and over and over and over, right until the 830. That was the news report on one part of the economy. I wasn't listening, so I'm not sure what it was. And then it springs into action. It pops right up, goes to peak A, but not good enough. When you spend this amount of time at a 200-period moving average, there's a good chance you're going to have to retest at some point. Well, it spikes up into the 4200s, the September E-mini, pulls back, and what does it do? It makes one last visit to the 200-period moving average before it has an extension going to peak C and then a peak D, stopping dead at about what was it, 42.17? I think it was, 42.17. Yeah, 42.17.25. And that gives you a peak D in the chapter where you're always looking for D because that's where you raise your foot off the accelerator, hover over the brake, caution light flashes, and it turns down. At that particular point, I made a measured move and I said, now it's the latest thing I've done for the last, oh, I've been doing it for a little while now, but officially, I'd say in the last three weeks, I typed in, I never used to do this, I used to just put the crosspoints or whatever it was, but that's kind of vague. I thought, let's be as specific as possible because I'm trying to develop this so that I can make it more formatted as a program. Well, I said 42.03 by 9.30. Well, it went to, it went to 42 at 9.28, it went just underneath, it went to 41.99.50, and then bounced a little bit, and then it took off to the downside, but I had another typed in number, and that said 41, just make this bigger so you can see what I done, format just for the moment. And I'm also using a little time, it's technical Friday, and now to show some of the techniques that I used, if I can do this, there it is. So we'll just go to 18 for now, so you can just see what I'm doing, then I'll get rid of it. Wow, this is so slow because of all the action that's going, oh, I'm just going to cancel that out. Oh, there it is. Yeah, get out of that, all right. So what we're looking at cancel, oh, stuck. Doesn't happen very often with Trace Station. Usually it's a wonderful platform that I can use. All right, so it said at 9.37, and what happened, so at 41.86 by 9.58, and what happened is it plunged underneath, it went to 41.84, 87, so let me give you the exact figure. So 41.86 by 9.58, you can see I'm stalling as nothing I can do because there is so much action going on that I'm actually a little slow, and not the usual case, oh, don't do that. Okay, here we go, I think we're back. No, we're not. All right, so it went under it, and now I can't move anything to the right, I can't move anything to the left, I'm stuck. I can get out of that, don't worry about that, here we go. Sorry, this is not the time to have a problem like this. So you can see the dials now only down 8, it was down a lot more before, the SMB is down 4, and I'm just waiting for things to be normalized, and I'm just going to have to wait. So in the meantime, there's a lot to discuss, I don't have to have the chance for what I want to discuss. Number one is, there it is, it hurt me. You know how it is when something hears you, gets a little nervous, it actually gets back on track. There we go, okay, now let's go to this. The dial is now down 10 at 33279, but from Wednesday's low, and we actually, for some of our positions, that we had three times long, we kept one part of it three times long, where we wanted to get into the core, the one-to-one route of the ETF, so we managed to do that before the open on Wednesday, and that is the reason being, I think we're in a phase now where three times long is not going to be as beneficial as it had been coming off the lows back in June and July. And therefore, I don't mind having them as trading positions, but as core positions, I just want to be able to have my subscribers sleep at night, so we've got new positions, or added positions, and it's just a much simpler way of doing it at this particular point. In the Dow, we still have the long diamond position, we did get the DOG, that's one-to-one short to Dow, as an amelioration, so that on Wednesday, we got both the, it was a day before, we got the DOG, and we've, no, what am I talking about? We got it just before the big move down at the open on the 22nd of August, so we were lucky near the 33,500 area, we got short, so we've got that as a kind of, it's to ameliorate, that's what I said, any down move so that we can continue to hold the diamonds, because I don't want to get out of the diamonds now, we've got in at such good prices, why? I don't want to mess with that, how do we get back in? The risk of getting stopped out a couple of times is just too great. So that's what we've got, and it's more an insurance policy than anything else, even though it's made a little money. In fact, we took a little bit off and made some money, not the point, the point is that I'm anticipating, somehow or other, that the market holds up a lot better than, you know, climb a wall of worry, that's exactly where we are right now, but that doesn't mean to say there aren't things that are not serious, there are a lot of things, I mean the price of energy for anyone in Europe is just, it's out of sight. So you can't ignore that, usually what happens in Europe does filter to us, so okay, well that's it, let's go on. So we've got the S&P, at this particular point, we've got the S&P down 8 at 41.91, came nicely off the low, at 41.20, 41, I usually type it in, it's not in now, it should be in because today's going to be quite an exciting day. So we've got, this is not nice, this is good, the low of 41.19, I thought it was 22, no, it was 41.19, and here we are at 41.88, really nice move up, gives us a little bit of a cushion, so that's what I was saying to subscribers, thank goodness from Wednesday to early this morning, there was this huge move up in different indices to give us a cushion, if anything that Powell said, just tank the market, tank the market just for a brief moment, and I don't think we've done, I think the day is going to be very, very choppy, and now let's go to the QQQ, quite on the 9 and 14 period of explanation, moving here to 3.20, down 45 cents, not as strong looking as the others, but I'll get you to the weekly charts as soon as we come back, and most importantly I wanted to show you something that I think is quite fascinating here, if you're looking at bonds, our bonds are down 11.50 seconds, it did that left side, right side price time match, I'll be back. 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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. With live programming hosted by a variety of professional traders during market hours, the Tigers Day, available to all Tigers and Tigresses for just $1 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. Hi folks, we're back, and the Dow is not down 63, has to be down 11. I'd love a digestive session. Yeah, it doesn't have to be too carried away. Downside doesn't have to be too carried away. Upside, just take a breather. If you don't want to have this keep going up and then have a quadruple down day, I just prefer these moments where you breathe naturally. So breathing naturally, looking at this left side, right side, price, time, match to the exact day of the expected match. That was a low in the bonds. That's the low from the 136th level, 136th and 25th, 24, 30 seconds. Well, we went to 100 and I suppose two days ago. Is that correct? Yes, two days ago went to 136th and 530 seconds. Yesterday went a little bit below and closed a nice kind of an overpowering candle from the previous day. I look at too many charts to get too carried away with engulfing candles. Sometimes they work, sometimes they don't. But this definitely is some form of an engulfing candle. And now we're having an inside day down 12, 30 seconds. So that that means that if there is a break into the 130, a close under 135 says that if very quickly the 134 and 832nd low, the 28th of June is taken out, you can anticipate a move halfway into the 615 June 15th low of that was 615, 616 somewhere around there of 131, let's go to 131. So somewhere a test into this area will be a major test, 133. So it needs very quickly to have a rebound because the stochastic is trying to rally from a single digits to whilst 967 to at least 12%, it needs to get there. On-balance form is not great. The histogram of the MACD is starting to improve a little bit. And if you go to the TNX.x, there it is. We did a left side, right side price time match on the way up of the 10-year, this is the 10-year Treasury note interest rate. And it went to a peak E while still a leg E. We'll see if today doesn't make a new high. But it's just been telling me for a while that yields are stuck in a range for now. There could be a much bigger move up into the 35, 36 area, 3.5, 3.6 area. Later on, but at this particular point, I don't think so. I think it's just, there's a containment area. Just now I want to see where the dollar is, the dollar is down sharply, down 62 ticks. And I want to see where gold is, and gold is down 7, trying to come back here. It's just, it's not, remember I said a long time ago, think of these five things completely separately. Oily, that's oil. Usually there was a relationship between the oil and the dollar. That's been gone for a long time now. Oil is an independence, it's a 9269, came off the 200 period exponential moving average. Magnet line, it's still a magnet line until a crude oil actually trades on a weekly basis with a close above 97. Consider that there's a lot of resistance, it's not breaking down, it's not breaking. It's just stuck in this range. If you're looking at goldie, goldie stuck in a range as well. The lower range hasn't been able to get out of its own way. If you look at the resistance of the Chapman falling-axe resistance here in this rising Chapman inside track, repellent zone, another repellent zone, it's still stuck at the bottom. If you look at the U going to a double U pattern in the monthly, going to a lower low just kind of negates that for a while. There will be a moving gold at some point. I just don't think it's yet. I think of Bondi which is bonds or just did that, but let's go to the TLT. That 110.86 low that was made on the 23rd, I need to check that still in fact. No, the 25th it went lower to 110.99. Oh, that is a lower. Oh, the 86 might have been pre-market, huh? So it went lower than this low right here of the 28th of June, 110.87. Oh, yeah, it went to, why have I got 86? Ah, because on the 24th it went to 110.86. I got the 23rd, it should have been 24th. Very interesting. So it touched the left side low, just one penny below. Now it's trying to push up. If at any point 109, no 108.50, let's go to 108. If 108 is taken out, watch out that 102.12 will be a measured move on the 17th of June. Oh, you don't already see that. That should take us into September 15th or 20th area in time. So that's that. So remember just to give them and Vixie. Remember Vixie index. If you just based everything on the Vixie index, you would have thought even with this big spike from the 18s to the 24s, right on the 200-period exponential moving average. Yeah, look at this, how incredible this 200-period moving average has been. Either as a springboard, as a repellent, a resistance area. It's done it again. But that's a 24-21. We're at 22.38. So you would expect that from the 19.12 low to the 24.86 high, you would have had a massive move down in the market. But actually it's been quite a gentle move thus far. It could accelerate. So watch that. So once again, you've got these independent things. You've got a dolly for the dollar, which is screened to the upside and then stopped dead right at the double top area. Now it's pulling back, maybe making a cup and handle. I don't like those. I love cup and ladle, cup and ladle, cup and ladle. Yeah, we need to look at a cup and ladle pattern. So those are five things. You've got bondy, dolly, oily, goldie and Vixie. And those are the things that I monitor. But I have to think of them all very separately. There was a relationship when gold went down, the dollar went up and the dollar went up, gold went down. It hasn't worked like that for a long time. Maybe in the trend kind of works that way, but not in the big picture. It just hasn't. So think of them independently. Now what I want you to do is to say that. Thank you very much for that note that says, Chairman Powell this morning, continuing to sharply increase Fed rates is a necessary pain of taking today's inflation. People continue to raise rates. Nothing wrong with that statement at this particular point. There will be a moment where it doesn't work. But I don't think that that's, I think the market at this particular point is going under it. It's the spell of the different areas. This is go to the estimators down tucked in the wrong place. And you go back there, estimators. Yeah, there we go. SMH trading down four at 231.70 had a nice spike stored right at the 14 and nine period exponential moving averages. You did have have a left side, right side price time match going to buy the 30th of August. It should test the 2221.30 level that was a low of the 26th of July, but it got close. It got to 2220 225.71 on the 24th. Now it's rebounding. This is still in play, but I hope that the semiconductors are actually holding as well as they are. They're under the two-interviewed exponential moving average. That is a bit of a worry. And that means that if you're all along, you need to raise yourself just to be very comfortable that you've had a good round. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee, so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, the Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleys, ABCs, butterflies, and much more. 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Dan, thank you so much for sending me the settings that evidently you had the same trouble with your trade station earlier this morning. You just sent me, I'm not going to do that now live, but yep, thank you for the settings. I'll actually see if I can do that. So it doesn't happen very often, as you know. It's a very good platform, but it did happen this morning when it just froze up for that moment because there was just so much action, I guess that's what it is. So on Friday, I said to see Friday, Friday, Friday. So a couple of questions have come in. I didn't get to it and I can't remember offhand who asked me for it, but I didn't do it yesterday. I meant to, you, you, you, you. Is energy fuels and uranium? It's down 690, it's at 696 down 37 cents with a long-legged dojo candle that's under. And that just says that you've got to be a bit careful here because if it closes underneath yesterday's low in the long-legged dojo, this is my own interpretation of candles, this is a particular candle, long-legged candle, like a plus sign with the wicks along, up and down. So the lowest 703, if it closes under 703 today, then the closing price, open and closing price, which was at 732 and it closes 733, so that whole area of 732-33 is now resistance. And the 200 period moving average of 6.80 is in play as support. It's on my list because I think with all the uranium stocks, the idea is to be able to time it very well. If you can time it very well, you get spectacular moves. If you time it closer to a high, the pullbacks could be 40%, 50% because it's a single-digit price stock. So yes, unless it can trade and hit and hold above 740 in the next, going to Wednesday of next week, I think this is just a single-legged A up. I've got it as an F, but it's really like a single-legged Eiffel Tower that goes straight up and straight down and if it goes under 640, that's a real problem. You're going to have to wait a little longer. The monthly chart says that it's just a big consolidation from the high in the 11 area and a low in the under 5. So as I say, it gets cut in half. So just hold off. Next question came in about lithium, global ex-lithium and battery tech fund trading down $0.94.7779. And what's really important about this particular chart, it did make a PG. It had an alternate count, but that alternate count is negated. So now it's got a down move. It did a beautiful left-side, right-side price time match. Remember, folks, for my subscribers and opening call, we go through this a lot. Number one, we go through this a lot. And number two is that I explain the patents. And that's what I had my webinar on recently. And if there's no time limit to that, that's a webinar that is just for the patents. And whenever they occur, they occur. It wasn't as if to say, this is a timing model for entry and exit points. This is for the subscribers. It was not. This is a patent recognition webinar. And it's valid for whatever time. There's no time limit. So this is definitely, they made a PG, a rogue wave PG, right here. This is lit, LIT. It goes to 7740 on the 28th of June. And then plunges below the left-side low. So it starts a brand new buy mode. It goes to A, B, C, D. Yes, there's a potential chart. We have instant restart. I had a left-side, right-side price time match to the fourth of August to hit 7740. It didn't. It went to a high on the fifth of 7639. Then the next day, it gapped up and went above that. So it was two days late, but it had that exact pattern. Oh, I had this and I took it out because it was starting to look messy. Where do I put the signing point for my chat wave inside wedge target resistance line? In this case, I put it on the low back in the last day of June, beginning of July, and it went right to the point of that was the cross point right there and it went above it. So now we're at 7781, making a potential dreaded H pattern like this, low case H. And one of the things I'd say to subscribe is the reason why we got in on Wednesday for the one-to-one long positions of one situation where we still along the three times long. But most importantly, we went along a particular area that I think is starting to improve a lot, but it's going to be very choppy until it can break to the upside. And that's because with the rally that we just had, I was able to put a stop that I think is very reasonable and that's really important. You want to know what your risk is. You want to stay in the game. In the 20 years I've been here at TFN over 20 years now, I always talk about the risk of subscribers. I know I make tight stops. It costs us money in the end. We might lose 2% or even 3% sometimes a little more. But when it works, we have really good gains and those gains really make up for the little losses. I just can't do this. I'm not able to sleep at night if I have subscribers who are sitting with a 20, 25, or 35% loss because it just interferes with everything else you're thinking about. It's so hard to put on new positions with this little thing sitting in your shoulder like a... What do they call it? Like wagging the finger. A little elf wagging his finger saying, you think you got a new trade on? Look at what I got you. I got a 20% loss, 30% I don't like that. So I like to be free to think and do it as clearly as I can. Most importantly... The other thing is that is upsetting because where are we now? We're down at 41.37 and I had a short at 42.09 I think it was and I got out thinking, oh, okay, that's a good gain. Wow, look at this. It would have been a 40-point slide. All right, well, that's the way it goes. You've got to do a show, you've got to do a show. Okay, what we're looking at next is... So that was one question, two questions. Oh, USD, CHF. That is the... Oh, I used to have this all done so neatly. USD, Swiss franc, ETF. I wanted to show this as... Let me get this right. Is this the one? I'm almost sure this is the one. Yes. This has made a number of peak diesel in the monthly chart. The last one, just the most obvious one, is from around about the year 2018. We're to peak A in the Chevrolet methodology. We're always looking for four higher peaks, peak B, peak C, and that's where other things can happen. That's where you can sometimes get your sharpest decline. Well, lo and behold, the dreaded age took it out, went all the way down, and in January, I think it was 2021, started a new move up. So then it went to a strong leg A and then gave it up. And then under it, it had a grey peak A, a quarter grey, because there's no buy... There's no stochastic over 80% to be really considered a buy mode. And it goes peak A, grey A, grey B, grey C, all underneath that original A, and then it spikes higher and goes to a D. Well, that D was underneath the previous D of April of 2019 to 1.02372. This one was at 1.0... 1.006. So I don't like that. That's actually a big negative. I think it's like it won't go back if now it's dropped to the D. I just want to throw that back and think the question about the big down in the mountains for you, 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 Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns. Finding the peaks and valleys in stock prices, get the Opening Call newsletter by Basil Chapman 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 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 valued tech stocks, as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the Technology Insider at tfnn.com for only $37.50. Sign up for David's newsletter, the Technology Insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money-back guarantee. tfnn. Educating Investors Biotech is booming, but for how long? Whether you think the Biotech Bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech 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 Chairs carefully before investing. The Perspectus and Summary Perspectus contain this and other information about Direction Chairs. To obtain a Perspectus or Summary Perspectus, please contact Direction Chairs at 866-476-7523. The Perspectus or Summary Perspectus 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 Foreside Fund Services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Hi, we're back and we've got two segments to go. Let me do this quickly. So the question came up, what is the notation in CF Industries holdings? I'm not going to go through all the different things, but all along I should just say for clarification in the 1995 area, we did 119.58 today with a little doji candle in a leg F. I believe that this is about to have a little bit of a breather, but that's in the daily chart. So the stork leg formation went to a one-to-one extension to the upside, and that is a very bullish pattern. The stork leg means that once you go above the oval body and come back in, if you don't take out the low of the oval body, then that starts a brand-new strong move. That's the beak when the beak is finished, and then you're on your own. In this particular instance, this is still basically the neck, and the neck is so long that it just excludes completely. In fact, I have to take it away now because it's not a stork leg formation anymore. This is a Chapman wave propeller shaft pattern where you've got a full crimp. It doesn't say you're going to go from the low in one-to-one, but it means that from the last either doji candle, in this case a little doji candle at 95, to the high of 105, then a pullback from the 98 area, you can get an equal amount to the upside. Yes, it could turn into the whole leg, but I just treated it like this is a propeller shaft midpoint for a move up. That's not the issue. The issue is this is a technical Friday. What did we do about the weekly chart? Let me just open this up so that we can see that. So this is the weekly chart. It made a peak F once upon a time back in, I think it was May, right there, what was that? It was May the 21st at round number, opened at 54, 57.19 high, and then it just dropped sharply. It didn't plummet, it just steadily dropped day after day to 43.19. 4.10%, not a big deal, but it did make that round number quite important. Now what we've got is you've got peak ABC, then it goes to a D, E and F at 113.59, the week of the 15th of April, and then pulls back, and it does the halfway one-to-one left side, right side price time match, and it breaks out about a week earlier than it should in a single leg A to the upside. However, you see the starting point is trough D. Yes, the Magdi turned up beautifully, the differential is nicely above the 26 period moving average. The stochastics only at 75%, I much prefer over 80%, because that's what you want to see when you're in a buy mode. Most importantly, you want to see it getting to the 90% level. Well, maybe there's still time, but it hasn't done it yet. It did it once before, and then it pulled back. So the starting point here was this low that was made back on the 20th of August at 43.19, or 2021, between about a weekly chart. So it's taken a year exactly, and it's gone from 43 to 119, but this little stopping point with the doji candle high, it met every criteria for some kind of a pullback, and unless it takes out that low, the 45 low, anything from here means that you continue, and you could consider this a G, because it's a continuation of the F, but it's also a potential brand new A. This is hydrogen, nitrogen products for clean energy, fertiliser, emissions, abatement. You can hold up whatever placard you want. This meets all the criteria, whether you are someone who wants as much energy as possible, whether you want fertilizer, whether you want clean air products, emissions, abatement, it just does everything. So I'm saying to you, think of it now. Yes, I would like to put in the G slash A, but it met so many criteria that I really think it's an A. A says every dip you want to buy, G says, oh my goodness, you're getting ready for a major pullback, but look, the 9 is still sharp, you're above the 14, it's in the right area sector-wise. I like it very much. So the most important thing about this is sometimes I have to go with the dating chart, and the dating chart says, whoa, we are really close to some kind of a digestive phase. 93% of the stochastic is fantastic. Magnes made an M shaped pattern great. 9 is way above the 14, and the price is way above the 9. Nothing to me, it did the left side, right side price time match exactly. Look at this. Right here. Look at that, and there's an even larger one that makes the high that was made back at 133.49, with the low of the 23rd of June at, this particular low was at 88.33, and it said you've broken out to the upside in the shorter time frame from the left side high to the low to the right side, and that's usually a very big positive, but this is be careful because you've done a little too much too soon. So all I'm saying is that yes, for those of you remember I'm just doing analysis, I'm not telling you to buy or sell anything like that. What I am saying is that expect some kind of a pullback, but the question really was, what do you consider the weekly chart to be in? And I'm going to say for purely technical reasons, I'm always a little conservative in these notations, because in the Chapman methodology, there is a case to make to say that that could be a G. There is a case to make to say it's an A, and then the answer to that whole thing is, no, the question would be, are you kidding? It's either, oh my God, or it's woohoo. No, I'm saying that all the technicals are still very good. A breakout in this particular pattern says that the 113 level should be revisited and probably a little bit lower than that, and it says you could see a digester phase of even four to five weeks with a big candle, maybe going a tad higher, but still with this big candle being the fulcrum for the price move swinging up and down and up and down and I'll even draw it in. I don't mind if it breaks to the upside, but at the same time I want you to know that you've got to still be a little bit cautious right here. Now the monthly chart had a peak D, but not within three bars it did not and this is very interesting. There it is. Look, one, two, three took four bars and the last bar was a break above, so this is not a Chapwick instant restart. It doesn't mean to say you couldn't have a sell signal or buy signal here, and this is a brand new move, but here again the monthly chart has E-A, F-B, G-C. Everything about it says it's probably a C, but I don't want to be that loose with this. I don't know because I need the shorter time frame which is the weekly to tell me, but I don't know the weekly because I need the dating to tell me. It's incredibly strong in the monthly chart. The stochastic not so great at 72%, it's not confirming it. On-balance volume is a tad overboard, but the nine-period moving average of 91 support and 82 in the 14-period moving average or key levels. So you see what happens is that like what we're in right now. So we're long. I wanted to take a little bit of a game today, but I thought we were already taking three little bits of, three little bits maybe ten. So I didn't want to take another one yet today. I want to see what happens at the close, maybe a little bit. And then we've got this cash position for CF that we want to put back into CF. We'll see what happens. All right. So the next question came up, could I do just an account on NTR. NTR is Nutriot Limited Retail Agricultural Solutions Fertilizer at All-Saint category. This is a doji candle today. Leg E is almost in the same category, but not even close to as strong as NTR. This is a leg E and it's a leg in the weekly. It's a classic customer of 80%. But the 90% for the days in, so far it's good. I'll be back. Let's get started. 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, you might want to really do a little better at this. It's the end of the industry. It's the beginning of the industry. The next step is to create 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 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. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com. Educating investors. Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Hi, folks. So, let me do this in the remaining couple minutes. We've got two things. Number one is Nike trading at $162 down to $260, making a potential dreaded H. It really needs to hold $108 by Monday or Tuesday. Otherwise, it's a real problem and that is a sell signal. I'm going to wait until the end of the day, but it looks like it might be increased to a sell mode. So, that's Nike. A couple of questions. Could I do DBA? Oh, can I get to DBA? Yeah. DBA is the DBA Agricultural Fund. We are long from the 1370s and we've taken a little bit off, but we've still got a call. We added back again the other day, it's trading at $20.60 up $0.10. Yeah, I think it's in play. I don't think it's breaking out just yet. That 200-period moving average at $20.54 is just so strong. To break away, your dad started a leg C in a very quick period of time in the weekly chart and that just says to me that it's in play. It cannot be ignored, but I want to see $20.80, $21.30 on a weekly basis so that it holds most of the week up in that level. But I think the commodities are in play. So, with that said, we've got to do this, a VIX index trading right now. Remember, VIX, oh, type it over here, $VIX.X, that's how we get it, trading into the channel wave inside track repellent zone in the weekly chart. It hasn't taken out the low, the high of three days ago. So, if the VIX index trading at $23.14 right now, if after 2 o'clock, $215, after $215 this afternoon, if the volatility index is over $23.65, I think that we're going to see a really weak close. But if all of a sudden, because this is all news related, if all of a sudden the VIX index slides under $23.72 and it does that by 10 to 2.215 this afternoon, I think we can have a little bit of a rebound and that could be very good. Have a wonderful rest of the day and a wonderful weekend. I'll see you on Monday. Check out my opening call. Stay tuned for Steve Rosener, The Great Programming, coming up.