 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-MAC-27-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks, welcome to the December 27th, the wonderful Wednesday edition of today's Trader Zed 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 Hey, 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 means we can find the gift in every set of circumstances that life is gonna Toss at us. Now today you and I we're gonna 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 do want you to know I am 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 I'd love to hear from you eight seven seven nine two seven six six four eight That's the number to call in and if you've got a question, but you can't call in you can always send me an email Now send that off early and send that to Steve at TFNN.com Inside the subject heading, please put radio show question Of course, if you're inside our Tigers then well than any in every ping will do So let's go ahead and get this show started on a wonderful Wednesday, of course This is Tiger financial news network. I'm Steve Rhodes. Welcome to the show We got a mixed bag as we begin our day We've got the Dow up 38 points in New York Stock Exchange up 10 the other US indices trading the downside three points for the S&P eight points for the Nasdaq two points for the Russell seven points for the Summai's Gold's up nearly 20 bucks Silver's up nearly 25 cents lights recruit us off 63 pennies natural gas up 9 cents So three treasury up nearly one point printed out at 120 507 The leaders in the clubhouse to the upside Cytonetics up 31 bucks 68% micro strategy 24 bucks nearly 4% coin base about 11 bucks 6% Costco 8 bucks 1 1⁄4 percent Eli Lilly nearly 5 bucks less than 1% to the upside our shakers Pro shares trust altars something else not that net ease is down 5 bucks Albie Maro is down 3 and a half Adobe's off 3 that's a half a percent Paloal Networks off 3 and United Rentals down 3 as well nothing really gigantic to the downside Not really gigantic to the upside either So let's go ahead and begin our day by taking a look at the US equity future chart Stevie's put together slightly different set than what you're used to seeing out there Let's see if we can change our windows and get over to the ES mini let's begin with the ES mini I'm pretty sure this is it. Let me see be it up on the screen there That looks like it. I can't blow it out Hopefully over in the upper left-hand corner. You're seeing the ES mini it shows that of these so what I've got here Just so I can let me explain what we're looking at here So I've got in one the first column I've got the ES mini the daily time frame up at the top and then about halfway down I've got the NQ so we got the two daily charts along with all the tools you and I look like then we move over to the same Two instruments just a weekly time frame and now we've got a monthly time frame look So in one snapshot we could see what's going on daily weekly and monthly for these two will flip over take look at the Dow and the Russell, but here's what we know right now with regard to the ES mini first We take a look at the daily time frame has formed a teeny nine count erodesment and indicator bottom in the case of the NQ It was just a teeny nine count bottom We know that yesterday price closed above the teeny nine count top that took place on the bar following bar number nine out there Let me get my cursor out here. I can be a little bit more specific than that I can tell you that was a bar from December 20th out there So price is closed above that is trade above its greenhouse under change line a trade above profile levels It's in it's in a bullish breakout mode. It's as bullish as you can't get out here That's the daily time frame that being said it has triggered erodesment and indicator top That requires a bearish reversal candle to confirm that pattern much like we had at the bottom Do we have the same kind of move anything as possible? We just have to watch his price test different support levels But we do know it's not until we get that bearish reversal candle would that confirm a Rogement and indicator top for the ES mini in other words it can extend itself this roads meant to indicator signal can extend itself That's why we wait for a reversal candle, whether it's at the lows or at the highs if we take a look at the NQ on its daily time frame It too has triggered a roads meant to mitigate it on the ES mini never had a top So it never had a top out there whereas the NQ did have a teeny nine count top But what the NQ has done just like the ES mini both of them have triggered roads meant to indicator signals And those are important for us to pay attention to you might say why and I'll show you reason why and these are really great Signals and tools in fact last one that formed out here. That was at the trading session of That formed out here on July 21st we're taking a look at the weekly time frame chart now for the NQ I guess I'm at the weekly chart. That's okay. I don't have a I do have the weekly chart So the weekly chart for the NQ let me take a look at that before I open that chart up The weekly chart for the NQ is going to go ahead and confirm a teeny nine count top on Friday It'll complete that pattern next week. It also is in wave number seven that requires a lower high to confirm that pattern out there Now the pattern that's more important in my opinion would be that roads meant to mitigate a signal We get a bearish reversal candle there that says prepare for a move lower move lower Well, how far of a move lower? Well again getting back to the July highs that came out there Price moved all the way down into lows into the October November time frame out here So that high took place on July as I mentioned in July. So I've got other identified patterns out here I've identified those ones that Complete of the pattern meaning that it generated that bearish reversal candle So you can see how price has responded these get these are weekly charts that we're taking look at and that's a very important pattern For us to continue to watch and see how it develops now that pattern could get negated negated by never even forming a bearish reversal candle and losing that Relative strength divergence issue that is part of the part of the Part of the of the indicator out there. So let's continue on with this here on the so the ES mini also is in wave number seven That's letter G It also is going to go ahead and confirm a TD nine count top this week if you ask me which are the two patterns that I Prefer I prefer the roads meant to mitigate a signal at the top or the bottom But the TD nine's work in fact the weekly chart confirmed a TD nine count top out there And that took price all the way back to its breakout level that was at 42 33 in the case of the NQ I think we've already covered that wave seven roads meant to mitigate a single TD nine count the whole nine yards Now the monthly time frame charts for both of these instruments is bullish In fact, you could make the case that on monthly basis the NQ has now confirmed a A to B equal CD to the upside pattern and the same would be true with the ES mini for its monthly time frame Now that's already true for the case for the weekly time frames I don't have them drawn in here, but we talked about that yesterday It's the weekly time frame charts that have the confirmed patterns to the upside We took a look at the spies or the cues. I think it was the spies yesterday It was a weekly that has that confirmed Move up to I think it's the 155 ish area something don't quote me on that but something like that So that's what the monthly time frame chart is signaling to you and I at this stage of the game Now that's for the ES and the NQ. Let's go take a look at the Dow equity future contract Let's try to do this one quickly because we've got about you know, maybe 15 20 seconds I think it's going to be this screen. Yeah, so in the upper left You've got the Dow equity future contract It's also triggered a roads meant to mitigate a signal as has the Russell Which yesterday negated it sell the d-point pattern out there Steve Rhodes with TF and I will be right back We'll finish taking a look at these so we'll get to a couple of requests that have come in One for many to take a look at AMD Carvana for John and the Tiger's Den and g-man watch take a look at Amazon We'll be right back 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 comm TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market Overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at TFNN comm 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 in your Inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN comm educating investors Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and Barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge With anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering Probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNN comm and try mastering probability 30 days risk-free today TFNN educating investors TFNN has launched the Tigers then hosted at discord DfNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The Tigers then available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today To become a part of this educational community of traders. Just visit the front page of TFNN comm toll-free at 1-877-927-6648 internationally at 727-873-7618 Church up on our screen the Dow the Russell 2000 you'll see that here on the Dow charts for the daily timeframe But to his triggered erosement to indicator signal as has Russell 2000 So we should get some type of top we should get some type of top anywhere between today and the first week of January let's say by next Friday out there. So we're on top watch out here for the daily timeframe That's just part of the seasonal cycle out there doesn't mean that it will happen But we now have the pattern that's the one that we most want to be paying attention to and that's that road's been to Indicator signals for the daily timeframe. We do have it in a couple of the weekly charts. We look at the NQ That has that weekly signal. That's the only one actually that has a weekly signal now in the case of the Dow equity future contract It is likely going to confirm a TD 9 count top by Friday In the case the Russell 2000 no such thing out there the Russell's in a world of its own Where's the Russell 2000 headed to that's a great question on its monthly timeframe It does have erosement to indicator signal or the Dow has erosement to indicator signal. I apologize for the It's monthly timeframe. Where's the Russell 2000? I think the Russell 2000 will take its P's and Q's from the other three equity future contracts If they actually top by doubt that the Russell's going to continue It's a beautiful rally that it's had for the last couple of months out here So to summarize this you can see that we've got or you you have seen We've got weekly signals weekly topping patterns that are going to confirm this week complete next week Right right as we're coming into the seasonal pattern that identifies at least short-term top Sometimes longer than a short-term top out there and the daily timeframes have the signals roads meant to indicator signals So the first bearish reversal candle for whether it's the ESC NQ the Dow or the Russell 2000 That'll be our signal that we likely do have the top in whether it's for this year or it's the top It's the early top of next year. Okay, so let's move on and take a look at some requests out here We can always go back and take a look at the indices. I've got the same set of charts up here for indices and a few other things Gold silver lights recruit natural gas, but for the moment, let's go take a look at Start on some of our requests out here. The first request that came in Is from Eddie this is from yesterday and Eddie wanted to take a look at AMD I think we were trying to get to it But we had a being unable to do that now right now on a daily time frame Eddie AMD has a TD 9 cow top that formed on December 19 and that high out there is 14347 a close above 14347 you're trading above that right now negates that signal You'd be trading above the top of its profile screen outside and change line That would tell you that this has more room to the upside that is on AMD for its daily time frame Turns out that we look at the weekly time frame price is going to as in wave number seven Although I kind of call this more of a C a wave number three than a wave number seven That's because to the downside AMD got to wave number four once you get to wave number four from my standpoint Yeah, that seventh wave kind of goes away with regard to that signal But it does have a TD 9 cow top that is going to confirm this week and is going to complete next week So much like the NQ's patterns out here. You've got the same pattern really inside AMD Now on a monthly time frame much like we took a look at in the monthly time frame for the ES or the NQ out there Here you've got a confirm Well, I don't know if it's confirmed yet, but you have need to be equal CD pattern the upside The B point is from June of 2023 now There's 1.5 billion shares in the month of December year 1.1 pretty good Considering we are in light trading out here. This is suggesting that price wants to go target that high That's the high of November 2021 and that's up at the 164 46 level But we've got to give priority to this weekly and daily signal out here Now if price does end the day back below its TD 9 count high that's at 143 47 Um that could be telling us that this is really getting ready to top out here And if it closes above it well that it suggested it wants to run further to the upside On a short-term time frame chart Do I have anything to help us out here Eddie on a 30 minute now? I believe you closed out your call position yesterday, but that's okay. You know, I think that's what you did I can't recall now But I'm still going to go ahead and give you the review of the of the charts out here on a 30 minute time frame I don't really have a topping pattern per se that we're going to worry about at this moment Price is trading above or right now the top of that 30 minute profile. So that's a bullish signal out there So AMD again nothing more than what we did at the open and if it closes above that high From back on the trading day of December the 19th again that high out there was at 143 47 This suggests it wants to continue to run higher. So thanks for waiting today Eddie and thank you so much for that request John inside the tiger's den would like to take a look at car vana And we take a look at car vana Do we have a sell the d-point pattern on its daily time frame? The answer is we do or it looks like we do Looks like there was close to about a 0.382 retracement out here And so let's go with a sell the d-point pattern with price right now testing a key level of support, john And that's that oscillator and change line This is the area where if you were looking to add to a position one would consider this area 52 99 That's that green oscillator and change line as long as price remains above that even though Let's say we've got a top out here the signal is somewhat neutralized now It really gets neutralized or gets bullish when price takes out that high if it can do that That's a close above 62 59 If price closes below this we got to go take a look at a short term time frame chart See if we get some kind of signal out here for you john But the price closes below that your next area of support your next buy zone is between 47 52 and 50 0 3 If price closed below 47 52 Then that would be telling us to prepare for a further move lower and that price chart would be 29 84 That is not what we have as we speak right now. That's the daily time frame for carbana So what we can't say is price is testing support now when price tests support on a daily time frame We like to look to the intraday charts to see if it's doing the same thing When I say doing the same thing is it identifying a bottom? Is it identifying a bottom? Is it testing some support? Turns out that in the case of 30 minute charts for carbana They formed a roadsman to mitigate her bottom at 3 30 yesterday afternoon had a little bit of a rally Now we've just got price consulting with inside his profile testing that bottom out there So if price can close again back about 53 95, you're likely to get a move to 58 38 Really what it really needs to do is close above the side Don't know why price stopped there at 10 o'clock this morning. That's up at 55 48 But it did so you do have a bottom inside of carbana on the 30 minute time frame chart With the daily time frame chart testing a support area The weekly chart says if we get a bearish reversal candle on friday That will confirm a roadsman to mitigate her top short of that price should continue to move higher The monthly time frame chart you're trained about profiles On it really needs to what spiny resistance where it formed this bearish engulfing That was a month of september of 2023 if this can close about 56 80 That would be a very bullish or that would be a very positive Signal for you with regard to carbana. So, we know where our p's and q's are we know where support is We know where resistance is as well We know the signals that have been generated. John. If there's anything else that I can provide for you Please let me know otherwise. Thank you so much for taking the time to put in that request G man inside the tiger's den would like to take a good amazon if he wants take a look at it I want to take a look at it and his question is where is the upside continuation to when we take a look at amazon So I don't have any kind of a topping pattern on the daily time frame. Let me just open this up and make sure Pull it back even further Yeah, I don't know about the a to b equal cd. So I don't at this stage I don't see a real topping pattern I do see resistance and resistance was established now Here by the bearish shooting star from december 20th So your resistance level or a resistance level is at 155 63 Price is trading above some other resistance. That's its bearish structured daily profile That's a bullish signal in order to get its support in order to get its mojo Needs a close by the screen oscillator and changeline though. That's at 153 87 That's a number for you to keep an eye at give a couple pennies or two But we'll be right back to finish up amazon for gmail 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 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 Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts 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 a.m. To 4 p.m. Eastern for free Each 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 eight 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 has just launched their new trading room the tiger zen 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 And now they are expanding their reach with the tiger stand available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den and discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Don't forget you can listen to 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 So we're taking a look at the charts for amazon on a daily basis it sounded pretty bullish The weekly chart and the monthly chart will suggest caution Why because there's td9 account pattern that is going to complete on friday it confirmed last week It's going to complete on friday It doesn't guarantee that price are going to move lower, but it is a topping pattern You've also got a roach but dominicator signal If we do get a bearish reversal candle that would confirm a top as well Now the first levels of support gman Are down at about 149 26. That's the top of the weekly profile The support level for the monthly td9 account top that's going to complete this week is at the 133 54 level Now that gets us down below the bottom of the profile on the daily time frame So how would you trade this you could trade this as such now not all td9 accounts work For example in the case of the weekly time frame chart There was a td9 account that completed the week of may 19 It was negated the very next week that told us about a very strong upward momentum move Goes up makes a td9 account top and then we have a couple of week decline Where's that decline take us to it's a test and rejection of that green asset and change line Remember about a momentum trade that green asset and change line is going to be the buy point Period end of story out there at least db story So now you've got another td9 account odd's favorite price pulls back and tests that asset and change line That's what gets us back to the 149 level that would certainly get us back inside the daily profile level So the first area to really watch out here g-man, I would say would be 151 40 on any pullback No, I'm sorry 150 203 The price closed below that which is the top of the profile you'd be watching for 190 149 64 now the cool thing about this set of charts out here Is that that is a bearish structured daily profile if the move lower was only a counter trend move If we even get a move lower But if we do get a move lower and if it's only a counter trend move Price will find support or should find support between 149 64 and 150 203 So hope that analysis helps to put things in perspective at least technically what the charts are communicating to us for amazon And as always, thank you so much for your request dan inside the tiger's den wants to take a ticker symbol CVM So let's get those charts fired up on our screen and take a look at what they're doing why didn't that work out there Let's try this one more time CVM which is sell psi corp out here So what sell side corp doing out here now dan had identified that yesterday's price action Actually confirmed an a to b equals cd to the upside because the b point was this little what says b on it right now That just coincidentally it's also the b point of the a to b equal cd pattern That swing point had volume or generated volume of 644 thousand shares Yesterday price passed that with 976. So that gives us an a to b equal cd That gives us an initial price target Of four bucks now that retracement is less than a point six one eight It's 48 percent retracement out there swads would favor this could do or should do more than a one to one a to b equal cd The one to 1.272 gets you to 453 However, there is a roadsman to indicator signal that is present If that were to generate a bearish versatile candle dick dan That would say time out and the time out would say price going to pull back and test the oscillator and change line As it is doing so far this morning. It's just a test of support that support right now resided at $2 and 94 cents Turns out just like in amazon the weekly chart says time to be careful Now amazons was a little bit more mature by one more week But you're going to get a confirmed td nine count top unless this thing sells off Drastically during the next couple of trading sessions out there And we're getting that td nine count top dan right at td nine count breakdown resistance to 99 Now we know that that is a very key level of resistance. So what happens if price closes above it? You're still going to get the td nine count top again that pattern will confirm this week It will complete next week out there So keep your eyes glued to that daily time frame chart and look very first thing you would notice would be price would fail To hold support that green acid or change on that would tell you about us loss of momentum That would then signal the pullback to at least a 252 area on the case of the weekly its price target is actually 241 much like we looked at dan and amazon for the daily time frame You have that same kind of pattern on the weekly time frame meaning that is a bearish um, that is a bearish uh, structured profile Price has been above it for more than two consecutive weeks on any pullback out here If it's only a countertrend move to the downside Price should find support between 221 and 241 the monthly chart looks good because price is trading above profile Do we have any other kind of signals out here? For example, what's it doing? This has been doing on a 30 minute time frame I don't know but let's go find out and on a 30 minute time frame You've got what you have a td nine count top out there that top has been tested It is held so price is likely going to go test support. No, it's below support The next level support because it's a new profile 305 dan on a 30 minute basis Was the bottom of the bowler structured 30 minute profile So below that its next area of support is at 277 on a further move lower That's coming from the 30 minute time frame chart out there But we're not going to get down there unless price gives up the daily green oscillator and change line So watch the 294 level your price closing below that You know where it's headed to based upon that 30 minute set of charts So we had and I hope that that overall review is good for you for sell psi corp That was for abcd Otherwise knows dan inside the tiger stand dunk and steve would like to go to dunk and donuts Well, we were watching last night. Oh, no a couple nights You know we watched the we hadn't seen really much in the way of of christmas A movies out there, but you know, we had everybody over and obviously we started doing that One of my favorites. Well, my favorites probably miracle on 34th street But another one of my favorites is the santa claus one with tim allen in it And you know some of the lines that he's got in there. They're just such great subtle humor They probably couldn't produce that movie today. It somehow would defend people out there But what was I was going to say? There was a line in there. Maybe my memory will get jogged again out here I'm trying to jog it, but Was it In any event, I'll try to think about it But let's take a look at the SMH and oh dunk and donuts That's what it was It was the dunking thing because they showed they had this board up there And they were showing where the where the house was that they lived in the police were surrounding it And on the map it's got just a house And if you look over to left-hand side, it shows a donut shop And then they've got this one Is seen where the kids the elves are in there with the police officer and what's he doing? He's eating a donut to talk about stereotypes out there In any event you kind of get the sense of humor, but let's go take a look at the smh Is maybe you don't get that sense of humor. I got it kind of got it But let's take a look at what the smhs are doing So first one the first thing that we notice out here There's need to be equal cd to the upside that is present prices nowhere near Completing that pattern. Let's see if I've got it written in yet to get complete that pattern Just the one to one move gets you to 185 90 that retracement this retracement here This b to c retracement along that leg there that was only 30 percent Less than the point 382 out there pretty strong. So you are trading above the top of its profile You are trading, um, you do have a roadsman to indicator signal that has been triggered out there If this did generate a bearish reversal candle dunking This would be a top now Much like amazon much like we took a look at Forget the cvm out there here. You've got a daily bearish structured profile if we get a top And the retracement just find support in the buy zone And the buy zone here would be where the countertrend rally would end because it was a bearish structured profile Dunk and that's between 170 233 and 174 10 out there We got to be careful on the smh is why The weekly is going to go ahead and confirm a td9 count top this week Complete the pattern next week and a bearish reversal candle would go ahead and confirm a roadsman communicator top But the monthly chart is saying not so fast. It looks pretty darn bulge. Steve roge with tfnn will be right 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 markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn 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 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 now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.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 Please contact direction shares eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Concluding the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz folks, we're taking a look at the monthly time frame chart here for the smh's It's b point of an a to b equal cd pattern was taken out with volume. Let me make sure that the high is one 5941 this close was 160 48 that volume was 160 565 million that was taken out 85 million shares out there So that's your confirmed a to b equal cd. The question is where do you pull? Where do you put the a point do you use the low here from march of 2020? Do you come all the way back to july of 2019? Do you come back even further out here? Because you could you know, so where do we that's why it looks pretty darn positive So what I would do at this stage here if you're asking me, what's a nice next upside price target dunking? You probably are I'm just gonna I would just simply take the expansion of its set of swing points on the monthly basis The high for november 21st to the td9 account bottom in october of 2022 and that gets you to 181 73 and above that It would be 208 45. So that's what I would use but right now what you have to be concerned with is really the weekly time frame chart And so we've got topping signals for the weekly You've got a signal, but you don't have a confirmation on the daily time frame So just to keep your eyes open for various reversal candles there Hope that helps you out dunking and thanks much for playing along The uh santa claus movie game where steve was reminiscing about the uh donut Stereotypes of the police officers now. We've got a request from joey d or joey to take a look at Workday out here. We take a look at work day All that I see right now in the daily time frame is a wave number seven top With a consolidation inside that profile and that profile level support is at 266 85 and resistance up at 279 83 On a weekly time frame. I don't see any type of a topping pattern or signal just yet So at prices above profile a screen oscillator and change line that is bullish We have all kinds of bullish signals on the monthly time frame was a monthly swing point That was the month of september of 2023 taken out with volume I had 37 million shares and last month this did 40 million shares So in work day, this is a gigantic a gigantic a to b equal cd to the upside out here Just to give you an approximation for that where that could take us to over time Not today not tomorrow but over time could take us up towards that three 25 ish area out there So what you're dealing with here joey is the daily time frame good old fashion consolidation. It does have a top Um, what just a consolidation with inside that pattern? I wish I could provide you with more But I can't so we'll just simply end it there and I do hope that that helps you with the information that you are Looking for for work day Peter would like to go take a look at currencies. So let's do that Let's get the euro of the yen and the pound up on our screen out here and the euro is suggesting Let's actually get over to it to show you what it's suggesting It's suggesting a a to b equal cd to the upside that'll get us into that one to 13 area out there now Let me see. I can give you probably the exact price target The exact price target of this a to b equal cd What doesn't even expand it out that much further for me. So 113 is what we're going with out there So its b point was taken out yesterday. That's the swing point from november of Of november 29th. This is a daily time frame that we're looking at Out here and that was taken out yesterday So that sets up that a to b equal cd now the euro represents 58 percent of the weighting Inside of the us dollar index So and there's no other topping signal that we have in place in store out here for the euro So if it's going to make that kind of move And what this is telling us is this going to make more than a one-to-one move Why isn't giving us that signal steve? Because look where price is trading along the left side of that c to d leg that Leg on the a to b and the c to d are exactly the same when price trades along the left hand side Tells you about a stronger move when you have a stronger move, especially when the retracement here is only 51 Percent that's another signal that this is likely to do more than a one to one a to b equal cd to the upside The one to 1.272 gets us into the 114 area out there So if in fact and the euro is telling us right now, that's what its intent is peter If in fact the euro does this the us dollar index is likely to get hammered and i'm not talking about drinking some good old You know jack daniels or anything I'm talking about truly getting hammered now in the case of the japanese yen She's decided to strengthen against the us dollar index as well Take a look at that beautiful td nine count bottom But price has been unable to take out that oscillator and change line And you've been along here long enough to know that that's red and when that's red and you don't take that out You trade below it that is a bearish signal that tells us we have a falling price oscillator below zero end of story Those are bearish conditions now it's sort of neutral here because you still have that td nine count bottom But it's moving lower and that is suggesting that the dollar would get stronger as well Well, holy cow take a look at that great british pound It has a wave number seven pattern or at least it did was that high taken out? Well the high on that pattern Was up here from the trading day of december 14 and that high was at 1.27 94 We're trading above that as we speak right now that pattern no longer exists And as long as price remains above that green oscillator and change on currently at 1.27 389 Just to be granular and exact out there Odd's favorite this rally's what this is rallying us dollar index is getting weaker as well Holy schnikes looks like the us dollar index is getting ready to get crushed. Well, let's not stop there for peter Let's actually go take a look at the us dollar index try to get a feel for where maybe it is headed to And to do that we're going to come to our black background screens It will go find that us dollar index and i've got the charts out here somewhere And momentarily they'll pop up on our screen. Well, I thought they would Ptr, what did I do with it? What did I do with it? I must have moved it already Where is it kill on steve? They're waiting for you. They're waiting get your act together. Okay So now we got our act together. So the one to one a to b equal cd gets us to 99 33 Again, look at that retracement. See how price is along the left hand side here as it moves down The actual price target certainly the initial is 99 33, but 9809 is a more likely price target Now as we say that we also have to look at the mere fact that price is trading into a cluster That's that type of cluster. It's a cluster of rising trend lines So there is some support. We can make the case that there is some potential support here on the weekly time frame I'm going to call it False support. No, it's real. It is potential support out there But I'm not buying it now. We take a look at what's going on right now today inside the euro the yen and the pound Something would have to change to suggest that that is a different outcome We look at the weekly time frame chart prices below that key level one to 160 now It's doesn't matter whether it's trading below that today. It matters where it closes on friday So a close below one to 160 on friday peter. That's another signal of a further move lower Now we take a look at the u.s. Dollar index for its monthly time frame prices busted through this Profile support level a couple of different times So the real area where price should be targeting is the most recent low That would get us down to the 98 50 level. We're at 100.53 No matter how we slice this it looks like the u.s. Dollar index is getting ready to get crushed And if this gets crushed, well, what's that going to do to goldilocks? You know, that's a great question. But again just to restate the correlations out here Well, here's the gdx and franco navada. That's really not what I was going for But that's okay. We're going to go ahead and put up gold up top and then we'll get the u.s. Dollar index in there So let me do this. Let me get uh gc one Got that in there. Let me get the u.s. Dollar index. I realize we're going to go to a break here momentarily Still, I want to see if I get this to populate while we're on Air here, if not, we'll do it as soon as we get back the x Same thing down below What we're going to see here is the correlation momentarily between the u.s. Dollar index and goldilocks out here Steve Rhodes with tfn. We'll have to do this as soon as you get back to the spring 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 and valleys in stock prices get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 tfnn has just launched their new trading room 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 And now they are expanding the reach with the tiger's den available to all tigers and tygruses for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tygruses as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com So now what we take a look at is we're taking a gold up at the top the us dollar index is down At the at the center and the tool down below that is showing us the three day Correlation when bars are below the zero threshold level that tells us about a inverse relationship When prices above it tells us about a direct relationship You can see that probably 90 percent or so of the bars are below zero over a three day period of time So talks just about a strong directional relationship out there Let's go take a look at what's going on inside of goldilocks now what we want to be paying attention to here So we'll switch over to those charts momentarily. Give me a moment. We'll get over there This will take us to our white background charts And here what we'll see we've got four different charts the daily timeframe on the left hand side What you can see is the nice rally that we've had in gold is going to generate a td9 count top today But if the us dollar index is going to add lower I think this td9 count top is just simply not going to matter. Who's the horse or who's the tail Who's the dog who you know that whole concept out there? Well, the td9 count top Can top of the bar following bar number nine So we'll have to take a look at tomorrow's activity as well But it does have a topping pattern out there But we want to go ahead and keep our eyes on that us dollar Which means we want to keep our eyes on the euro the yen and the pound We take a look at the weekly timeframe chart We don't have anything out here much to help us with other we're trading above last week's high That's a boiler signal and on the silver chart out here. Let's get this over to current data You've just got a consolidation with inside his profile needs to close about 24 79 The tell us that this is going to break out the gdx Trained above profile resistance up at 31 62 Trained above its green oscillator and change line. It is simply bullish out there So that's what we see inside of goldilocks That's what we see for the us dollar index the euro the yen and the pound out there And that takes us to basically the end of the show So to summarize it if we can let's see if I get back to well, let's see here radio show Radio show daily equity future contracts. We'll put those up on our screen again What you want to do is you want to be paying attention to these rogement and mitigator signals at the es the nq The ym and the russell have out there if we get various reversal candles That's going to identify our high other than that price heads higher folks day two for all the great programming I'll see you back here on terrific thursday. Have a wonderful wednesday and thanks much for joining us