 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks welcome to the March 23rd The Terrific Thursday edition of today's Trader's 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's having a great day Hey, let's make sure we have an extraordinary one and 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 circumstance that life is going to toss at 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 do want you to know I am absolutely grateful for your presence here But even more important than that. That's this during this next 53 minutes I'm here to serve you so feel free to pick up that phone You can dial on it 877-927-66 for it We'd love to hear from you If you got a question, but you can't call in well, we can answer that for you Just send that to steve at tfn.com and decide the subject any please put radio show question Of course, if you're inside our tiger's den well than any in every ping we'll do So let's go ahead and get this show started on terrific Thursday. Of course, this is tiger Financial news network. I'm steve rhodes. Welcome to the show right now. We've got a sea of green out there You've got all the us indices all the sectors inside of the Inside of the s and p 500 trading to the upside Now that's kind of interesting out there and at least it was as of about 10 minutes ago And we'll I'll show you that and then we'll go to our first caller out here But if we take a look at what I say most interesting, well, let me get out of here There's the sectors inside the sb 500, but here's the s and p 500 I want you to notice all the way up at the top those are the market breadth dial So in the face of this nice rally that we're having inside the es mini We are market breadth negative for the 60 minute 240 daily A weekly time frame. Let me just click on this to make sure there's no issue out here Totally So there's the details behind that 60 minute 88 above 312 below That's not great four hours 130 above 210 below a little bit better, but still not great daily 65 above 187 instruments below profile out there. We should expect to anticipate a choppy market Now the weekly time frame One 49 above 254 below Now here's where it gets very interesting because now we take a look at the ndx 100 It's bullish for all four time frames out there So will this market really head lower if the nasdaq is headed higher look on a 60 minute time frame It's 47 above 31 below on a four hour time frame 26 below 41 above Daily time frame 35 above 17 below and finally on the weekly 27 above 19 below the nasdaq 100 is super bullish And this is not just dealing with the you know top 10 instruments or what have you This is dealing with the entire The the entire grouping out there So we've got a market that's kind of a hard to make heads or tails up that being the case So we'll do the best we can but first let's go out to marvin in Trenton, Tennessee who wants to take a look at soybeans martin or marvin. Thank you very much for the call. How are you today? Hey, i'm fine. Steve and i want you to let you guys know we everybody appreciates y'all so much And you're such a benefit to us. I have a lot of farmers here when the farming business And could you check on that an old femur or do it don't matter the soy bean market and see what your big target is down there on that pleaser Yeah, sure. So when I take a look at soybeans right now soybeans were trading the may contract It's in a big what we refer to here technically as an a to b equal cd to the downside pattern Today as an example It is a it is attaining the 1.618 expansion level what that means marvin is we measure the a to b Run and then once we know that price level We can then expand that by Fibonacci expansions 127 161 So what we're looking for here the question is where is this headed to now in the case of soybeans? What I would be waiting for some type of bullish reversal candle when that forms This would then generate a buy the d-point pattern or a gartley buy pattern. There's really no way for me to You know anticipate when that's going to happen instead what we want to know is what to look for So it would be looking for here Is some type of bullish reversal candle now what I want to do on my other charts out here is see if I can I can pull this up and possibly get some longer term time frame So give me just a second. Well first any questions about are you able to see this chart by the way? If you're watching us Okay, so you've got the chart so you can see where we're at you can see the a to b equal cd pattern As far as where is this likely headed to you know, it's certainly this level of swing points down here in about the Let's just call it the one 1386 ish type area out there I'm not saying that's where price is going to head to because of a bullish reversal candle were to form But then that would give us the buy point, but let me switch over. Let's take a look. Let's move over from here Well, I guess I have no, I don't have that. Let me switch over from this set of charts Over to my white background set of charts because there we also have some other patterns They're worthwhile for us to take a look at so as an example Soybeans the main soybean contract is extremely bearish now I guess you didn't need me to tell you that but from a technical standpoint Yesterday should have been the bottom now The reason I say yesterday should have been the bottom or could have been the bottom was because it was a td9 count There was a final td9 count low out there Which can form on the bar following bar number nine and that's when tap back what took place So now it could be a big rally of that stages today I doubt it, but if price were to close back above Yesterday's low at 14 43 and a quarter then you'd have a td9 count bottom pattern But this tells us about strong momentum to the downside. Can you add maybe a little bit of um um a little bit of uh, maybe reasoning behind what you what is it that you guys see out there fundamentally That is driving soybeans lower because even on the weekly chart I don't have any kind of support out here and we're now below monthly support Which was at 14 49 85 so the charts are not looking good. Is there something fundamentally going on You know since you're you're closer to it. We're just looking at charts here Uh, no, sir. Everything looks like it's going to be a good crop I mean now that we got plenty of water last year. We didn't have any water But we still made a good crop so i'm looking for a big crop But i'm not sure it's the dollar what's causing this I'm just going to see what your big red line is down there on your Oh, well that all the way on this weekly chart on the weekly. Oh, yeah, that's down at 11 83 I mean, that's that's a gigantic move to the downside Yeah, where we're at right now Yeah, so I um Let me see if uh, I've just tried to understand if we have any seasonal data. Let me just move this over here Oops, that's that i'm on the wrong Wrong tab. Give me a second to pull this over just out of curiosity if we can find uh soy beans So let me see if they've got that Here in we got wheat soybeans. Yeah, we sure do cool. So on soy beans What we can do marvin as we go back 32 years We can just take a look at the seasonal pattern Which is where we're at right now that's actually seasonally speaking. We really ought to be near a bottom. Oh man I just lost that screen Okay, there's a problem. I'm going to take this off. I don't know if that's causing the issue I could switch to different screens out here um, but uh So seasonally speaking this is unusual too to see such a uh move to the downside So I don't have any additional information that I can share with the other one I have so far Is there anything else that I could do for you? Oh, no, sir. I really appreciate it and we will watch you every day. I thank you very much You bet that you bet. Thank you much for the call. It was marvin and trenton Tennessee that was a take a look that was looking at soy beans sea roads with tf&m. We'll be right back 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 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 Steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk free today tfnn educating investors Toll free at 1 877 927 6648 internationally at 727 873 7618 Looking back up folks We're going to take a look at the n2's out here is a question from defining time I want to take a look at the q's short term So we're going to focus on the nq out here and get the best signals that we can for you So here and open up the daily time frame chart So what you will see that little black diagonal line triggers erodesment of mitigator signal tells us that price was moving higher With less relative energy out there and then we get a confirmation of the top Out there of this pattern when it forms a bearish reversal candle. Yes, it was a dark cloud covered So that sets up the resistance level at yesterday's high 13082 we get a close above yesterday's high this market wants to move higher and we could have that large very large a to b Equal cd to the upside taking place out there But that's your resistance area now Even though we got a topping message yesterday a topping signal topping pattern out there What price was still doing at that stage even with that big move to the downside It was still trading above key support levels Certainly the profile the top of the profile is a key support level shoot That's all the way down at 12 296 So we're just kind of not going to pay attention to that at this stage here But it never got below a green oscillator and changeline folks It's a tool that you want to have it works for all instruments It works for all time frames out there And it will help you to understand when a retracement is likely just a retracement In this case here what the nq was doing Did even make its way back yesterday to that green oscillator and changeline when you are trading above a green oscillator and changeline Conditions are bullish now because we have a top what I do is I say well conditions really now are more neutral You and I before the During that first segment We took a look at the market breadth for the nasdaq 100 it is bullish for all time frames out there So what price should do is at least get up to test yesterday's side I'm not saying there's not going to be a pause during the day But that's what price should do and we're still with inside that swing point from february the second out there So being short the nasdaq 100 is a really difficult thing to do right now in fact with especially with regard to how How Prices trading for each of the instruments in relationship to their profiles for the four different time frames weekly daily month Weekly daily 240 in the 60 minute now We take a look at the larger set of of the nq charts out there and for example Defining time I have no idea what time frame, but if we was that he was looking for when he says short term But if we were to take a look at a 15 minute time frame It's the only one right now that has a topping pattern and that topping pattern is a td9 count Now what should take place from here Um define is a move back to its oscillator and change line now the oscillator and change line move may move higher to Sideways is price pulling back, but price should test that level. It's currently printed at 12 9 40 If price tests and rejects that level, that's a bullish message out there Why would it be bullish? Well, we sort of just covered the green oscillator and change line You can see on my screen that it is a green line It is a key level of support when price makes tops The only real requirement or the only thing that we know is that price should then sellers should be able to push price back To test support and that's why it's really important to be able to understand where your support levels are Now you may say you don't need that. Oh, okay I like to know when the information is fully available to us Where is it the buyers and sellers are lined up? I think that you would like that as well We certainly do that here during the entire show in this case here on this 15 minute chart We know at least at this moment in time as of 11 21 Where there's no new profile for a 15 minute chart if price closed below that 12 9 41 That would be telling us its price target would be down at 12 8 49 That's the top of this 15 minute profile that is in place as we speak right now So from a very short term standpoint, we use a 15 minute chart We should see a stalling of price or price pulling back now The other beauty of this at least from a 15 minute standpoint is if we get a close above today's high That level is let me give you that number. You should have that on your pad of paper out there is 130 31 Get a close above that. We're headed back to test yesterday's high I can't say for sure, but it would sure seem very very did I say very? I mean very logical that that would be the outcome So you know to look at with regard to a 15 minute chart to the upside and to the downside Anything else confirming that not really we're just getting back into yesterday's high But on a two hour time frame we're above profile bullish no topping signal a 60 minute time frame above profile A 30 minute time frame above profile the same with regard to 240 and the same with regard to the five hour time frame chart Which is the same for the daily time frame chart You kind of get the picture out here the test deck 100 is bullish But the question will be what happens when price gets up to Should it be able to get up to and test yesterday's high? You get a close above that folks then it is all out in bullish territory for the ndx 100 So right now from a short-term standpoint You just simply want to watch the high of the day and then you want to watch that 12 940 ish area on any kind of a pullback out there So defining time. I hope that helps answer your question with regard to the cues Which is a totally different answer that we might give you with regard to the es mini But my opinion it's the cues that will drive the market more than the s and p 500 out there That's just steve's opinion. I can't really prove that but what I can do is we can go take a look at the smh's Oh and we will start with nvidia. So this is for nicholas once take a look at nvidia and the smh So this is a pretty good feel as to what markets might want to do So with regard to nvidia It is negating as we speak right now a closed tomorrow Above last week's high and it sure looks like that's going to take place Last week's high is at 263 99 we're 274 20 right now This is telling us about a really strong upward momentum move for nvidia specifically on a weekly time frame That says we should head to higher price now I don't want to be foolish and say i'm going to overlook swing points and so forth because i'm not going to So there's a swing point possible resistance level and that's up at the price point at 289 40 2946 so but but still bullish the daily is bullish. Yeah, it's got a bunch of roadsmen Dominicator signals that have been triggered, but there's no bearish reversal candle So it's just a sign that kind of says hey if you're going to go outside take your umbrella today because it could start raining That doesn't mean it's going to rain. That doesn't mean you're going to use your umbrella So right now in a daily time frame very bullish Weekly very bullish very very bullish and the monthly chart is bullish out here So if you're to ask db son, where is it that nvidia is headed to Odd's favor it's headed up to 289 46. We will respect that swing point high out there. So we're going to say it's between 289 46 and 289 46 How about that so that actual high that swing point matches that td9 count breakdown level So nvidia headed higher nicholas now you also want to take a look at the smh's so that you know The smh's are also going to bode well for the nasdaq well turns out the smh is yesterday Also generated a roadsmen to mitigate our top But price did not get below any level of support Whether it was the oscillator and change line or certainly the top of its profile as we speak right now Price is trading above yesterday's high and a close above yesterday's high which is 260 88 That tells us we want higher price it negates a Roadsmen to mitigate our top and tells us about a strong bullish market out there So with regard to the smh's on a weekly time frame They have an a to b equal c to the upset that gives us a price projection area about 264 That doesn't mean that's where price will stop It just means that's the one-to-one price projection And we look at the monthly chart for the smh's beautiful td9 count bottom same is on the weekly chart I know the same was on the daily chart at those lows and now price above a monthly green oscillator and change line The smh's have not been above a green oscillator and change line since december of 2021 And it's march of 2023 So the smh's on a monthly chart are telling us it wants higher price the target price target is between 280 and 290 Steve roge with tfn we get back to this break we're going to take a look at mosaic for duncan steve UEC for seven in the den and alcs for tim by email Steve roge with tfn we'll be right back 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 xa u h ui 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 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 their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no cash 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 tigresses as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's 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 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 This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Welcome back folks. I don't know if you do much of the grocery shopping. I do a lot of it for us and uh One of the things that so so there's two things i'll just share with you I purchase zephyr hills water. So if you live here in florida, you know, that's kind of like the local state of florida There's our frills is up towards a tom tommy up towards the tampa area I tested all the waters out there. Well, this is a couple years back What i mean all the waters i bought each different brand you know went to whole foods bought all their stuff What i did was i tested it for ph i was looking to um to uh, uh, you know use the the highest ph Water that was available even there's waters that are advertised as ph You can just go get those little strips right those little urine Strips are what have you need to put the water on it You'll see what the actual ph turned out that zephyr hills was even producing a higher ph than my own internal system Out here. So we just kind of switched over to that It's now up to for i think like a 24 pack It's up to it was buying it for like 350 maybe and it's now up to nearly nine bucks It's insane The the other thing is i eat a lot of oysters I like oysters i should say and and if i'm hungry and i'm just looking for something in a pinch I got a little bit of hunger sometimes i'll go to a little can of smoke oysters I know a lot of people get turned off by uh tins or what have you but i love them What's going on with smoked oysters? I went to three different grocery stores Yesterday I went to whole foods. I went to fresh market. I went to publics. That's our main grocery all of them We're out of a smoked oysters, but luckily amazon had them I don't typically order food from amazon out there, but not even you don't want to hear about that What you want to hear about is mosaic which is next up on our charts here And that is for duncan steve and duck away take a look at mosaic We've got a nice td9 cowl bottom that took place four days ago You now have a new profile that is in place. So you have support at 43 81 I mean your real support Is going to be your td9 count low and that is at 42 89, but you've got profiles supported 43 81 So that's the helpful thing and you have resistance up at the 46 58 level that is where mosaic should target That's both the top of its profile and about where the red oscillator and changeline is hanging out at On a weekly basis price is just at the bottom of its profile where it found support So nothing broken there and on a monthly basis it has tested several times this 42 73 Area out there. That's the center of that monthly profile did it back in july 2022 I did it back in january of 2023 So that seems to be a pretty solid area of support for you if you are a long This instrument I would stay along this instrument if you are not long I'd say get long right about now why right about now. Well, if we take a look at the 30 minute time frame chart This formed a td9 count bottom at 10 o'clock this morning and that has held out here Now, of course, you'd love to see this close above 45 50 the close above 45 50 It tells us we're we should be back on our merry way to the upside So mosaic looks pretty good if you're looking to get into it You had price get back and test the bottom of its profile on a 30 minute time frame chart It was also forming a bottoming pattern. That's what you like to see for an instrument that you want to take a long position in So that was mosaic from duncan steve duncan I hope that provided you with the information you were looking for the next request coming in from seven inside the tiger's den uc my son used to uh Play hockey with a kid his last name was suburn or something like that He was a big this one. They were when they were young 10 11 12 13 14 kind of age group up there and he was uh one of the world's best uh Knee boarders, I believe it would you know be it's called deboarding or You know behind uh behind a ski boat out there in any event seven doesn't really care about that What some wants to know is what's going on with regard to uec's. Let's stay on track here steve uec If we take a look at it's trading right now at 287 It is uh below really all support levels with the exception of its breakout area on its weekly time frame So 274 is going to be a key area to watch seven if price closes below that Then more likely than not price will head down to 228 Now, let me just open up this daily time frame chart up here. It's going to take a quick peek at something It's good So complete of that td9 account top and that's led to this move to the downside Just looking to see if there's really any kind of significant a to b equal cd pattern Not really you know on so on the weekly chart I think the pattern is really more so on the weekly chart here We just expand this out because we can see this little clear consolidation pattern out here So let's just say that's the consolidation And price is broken through there. So you have supported 274 that at 188 and then at 87 cents Now if we assume this is a real break of this consolidation and we move that down to about like here or so That tells us that where price might want to target is a buck 32 So 274 is a level of support now when when price gets back to a level of support That's very clear to us on a weekly basis We would like to see some type of bottoming signal on a daily time frame and we just don't have that So I think you need to stay away from a uranium energy Corp out there at least for the time being if you are long I wouldn't close out that position unless you got a weekly close below 274 out there So seven I hope that that helps with the information you were looking for. Thanks so much for the request The next request coming in from tim m tim writes in and he wants to take a look at acls out there and acls is Excelsis technologies out here trade out at 135 and change out here and the question is you're looking to take a long position So you're going to have to wait for a retracement. Maybe you get a retracement so So This has this still has a daily Uh td9 a roadsman to minicator top only a close above the bear shooting star Which is at 135 96 we're 135 59 right now 135 96 a price close above that that tells you we're headed higher So now the issue that you've got tim is really your entry area was after that Roadsman to minicator top was the bottom of its profile and so you missed out on that opportunity That was on march the 13th now you've got to wait for the next opportunity So there's the potential because price is dealing with that resistance It's dealing with td9 count resistance as well at the same number. I presume that's at the 135 96 area So um, so there's the possibility that maybe this is some type of little consolidation But if close if price closes above those levels this thing is taking off and headed higher I don't have a resistance level on the monthly time frame So what we do to try to figure out where this thing is headed to About the best thing that I can do i'll switch over to the black background charts I'll go to the monthly base so we can draw in the a to b equal cd pattern and that will give us some price projection levels So let's go do that. Let's open up this chart. Let's go ahead We can see the b point the a point that we're going to use I think that's pretty evident It's going to be the slow out here that started a trend line on march of 2020. That's your a point But we need that to put an a our b point is going to be this high that formed back on march the first Price pulls down into this trend line support level in july of 2022 We are now at the 1 to 1.272 a to b equal cd Expansion notice how price still remains on the left hand side of this c to d leg This tells you that on a monthly basis what acceleros technologies has is a very strong momentum move It will not surprise me that this instruments gets up and targets that 160 88 level That's the 1.618 area So I realize you want to try to get in on this action out there I think you've got to go to short term type time frame charts. Oh, did that not even oh my goodness Let me go back here. I see that that I hit the button and it didn't work But here is so here you can see the a to b equal cd All right, that's pretty evident. I think everybody would pretty much draw that pattern in there Notice how price is along the strong side of that c to d leg The importance of maintaining that a to b angle wherever you place the c point if you don't Yeah, you're really you losing the benefits of the pattern out there. So you don't want to do that so So now back to okay, so what do you do if you want to get in on a short position? You want to get into a long position other than just hold your nose And I don't want you to hold your nose and jump to the deep end Knowing that we still have a td9 count of the weekly and a rose mint indicator on the top But we can't see that this morning. Was it this morning? Yeah Yesterday afternoon at 4 p.m. Price pulled back on the 30 minute basis right to support 131 26 So hope that helps you out tim. You got to be patient out here Watch those short term time frame charts for some type of entry pattern see roads with tfn. We'll be right 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 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.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 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 at 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 Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC This program is brought to you by vista gold traded on nyse american and tsx under the symbol vgz Looking back folks still to see a green out there in the indices the sectors inside the s&p 500 at the moment We're going to go take a look at ticker symbol bti that bta i bachman turner Not overdrive. That's for sure. But uh biaxial therapeutics. It's trading right now at about $18 and uh 27 cents out here It is the question is has this found a bottom and that is from a guppy inside the tiger's den And certainly there's an a to b equal cd to the downside pattern here It's already at the one to one point two six one eight level But what's missing is a bullish reversal candle What you do have is you have a new profile that new profile gives you a support level at the Yeah, let me tell you let me I can just gonna it's at 18 20 a support resistance 20 38 and 1984 Out there again the top of the profile in the center area. So that's your resistance and at 20 74 Which is red oscillator and change line? Uh, so no bottom on the daily no bottom on the weekly and prices trading below the bottom of its profile level a close Below 18 61 that's going to suggest lower price again We're waiting for a bullish reversal candle on the daily time frame the monthly chart is consolidating with inside Its profile it does look like it wants to go target the low of that profile. That's at 16 54 So we've got uh 16 54 16 81 as a couple of possible destination areas on the daily time frame chart The next level of breakout support is down at 14 82 So no bottom yet if you did see a bottom and perhaps one of the things that you want to do out here Consider doing the guppy is if we take a look at a 30 minute time frame chart If you are just to go back and identify your td9 counts and here I'm going to give them till you say you can put this on your chart for a 30 minute basis You want to write down the numbers? 9818 to the 1889 1991 1995 22 53 28 49 and 21 72 now the reason is what we can see here even on a 30 minute basis And again, this is one of the benefits of the td9 count pattern is it helps us to establish objective not subjective but objective Levels where price breaks out from and where price breaks down from and it's natural price That's breaking out from that area to be tested It's natural price that's breaking down for bounces to test those areas when price can close above those areas That tells us at least for that time frame a change in trend if we're going to see a change in trend on a daily basis We're certainly going to see it on the short term time frames first So here on a 30 minute basis if you could get bta i to close above 1889 That might be our first indication That there is and it's trying to at least form some type of bottom out here now granted There was a slight close above the breakdown level of 1995 at 10 o'clock in the morning back on the 21st of march But that was also bar number nine of a td9 count So we got to give it a little bit of wiggle room there and certainly but that there was that took price all the way back to It's a breakout area. That's at 17 79 So certainly you want to watch that to the downside 1889 to the upside but again under daily weekly monthly We just don't see any bottom for you here just yet and that is ticker symbol again bta i that is a biaxial Therapeutics that was from a guppy inside the tiger's den dan wants to take a look at vuzi vuzi So let's go see what vuzi is doing right now trading right at the top of its daily profile dan And that's at about the 403 ish type area out there So the top of the profile just so you make sure you've got these jotted down in your pad of paper 404 that's resistance. You got another kind of resistance here at 388 But you're above that and support at 372 That's what we see now Do we see some kind of a bottom pattern out here in this instrument? And certainly I see a confirm by the d-point pattern a where my curse is at Be all the way down here at the low on the daily base of february 14th About a three-day rally into a high that forms on february 16th that set up the The c-point of the a to b equal cd. You got a nice big old bullsion golfing candle here on marx the 13th That sets up your ultimate support is really the low of that candle session, which that 347 So right now you've got a by the d-point pattern with price that has been consolidated with inside its daily profile For about eight or nine trading sessions out there. So just got that good old-fashioned Consolidation going on if we take a look at the weekly time frame chart at least prices above the red oscillator and changeline But it's below profile levels here. So you really need some help from the daily time frame I don't see much on the monthly time frame chart. So it's really all about the strength of the daily Dan and you really like to see this close above that 404 level the top of its daily profile The last time that it was up here. Well, there were two times. It was on november I'm sorry march 17th volume air about a little over 1 million shares the day before that 800,000 shares so far today. You're up with 318,000 shares in two hours of trading three times dude. Good You know, you're about a million shares. So it's just not like there's any significant volume as this is pushing to the upside So that's what I see when I take a look at buzi out there. Let's take a look and see if buzi Has any kind of uh historical data that we can see what its seasonal trends are So buzi. I am we certainly do let's see how much data that we can put in here We've got 12 years worth of data now buzi Typically moves lower. It's in its unfavorable seasonal cycle Which for it begins right around the middle of february and it ends right around the end of april And then it makes a move gets into a favorable seasonal cycle into the uh much live fourth And then it makes a beeline really into the october Time frame out there if we take a look at march you can see march is the second worst performing month or has been Over 12 year period of time And uh the the worst month has been july out here So that's what we see when we take a look at buzi dan. Hope that that helps you out and best of luck to you with that trade Uh, we've got another request take a look at another request. We have another request And that request is to take a look at john dear de is the ticker symbol This comes in from hector and patty And hector writes in happy thirsty thursday it is i am a little bit thirsty. Hey, by the way tomorrow I'll record the show between eight and nine We'll be heading over to um to naples to celebrate my mother-in-law's 95th birthday out there And the struct she's in pretty good health. She gets along on her on her own She you know, we've tried to get her to move in with us for for years She just doesn't want to do that which is great. She's getting along right She's getting around and she's in an independent care facility. So it's great. She's doing all kinds of you know making jewelry stuff like that drinking of course and So we're going over there to to to to share her birthday with her obviously And but the issue that i'm having with uh with her if it if it's an issue and it is an issue is She struggles to her she she says why am I still here? Kind of like she doesn't want to be here, of course every time she brings that up. I say ester You and I we're not having that conversation. I do have the conversation to tell her why she's here But she sort of doesn't want to hear it, but doesn't matter at any event Let's go take a look at john deere out here for hector and patty and the question was could deere Also give our farmers a clue as to when soybean market might turn around that I don't know Is deere in a current by the d-point uh a pattern out here So if we take a look at the daily time frame chart i'm just going to expand this chart out And on a daily time frame we certainly have an a to b equal cd pattern out here and we do have a Rising window that took place a couple days ago. So that would confirm that pattern. Let me just make sure um Yeah, I I see it. I I see the a to b equal cd So what you really need john deere to do or d deere itself is you really need to see this get above and stay above It's red oceler and chains on that's where it's trading into right now. Which is 398 40 398 46 out there. So yeah, you've got a bottom price is at a key level of resistance It needs to get above that if it does get above that then we're likely headed to the 415 85 ish type area out there And um, that's what I see on the daily time frame on a weekly time frame What do we have in john deere simply price pulling back to test support? And this had a confirmed sell the d-point pattern and price pulled back last week tested support bottom of its profile 387 20 So right now we just have a good old-fashioned consolidation inside that profile hector on a monthly basis Things are the momentum has stalled this price below that greenhouse that are changed like watch the daily out there And you have a uh a wet thursday zeroed with tfnn. 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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 launched the tiger's den Hosted at discord tfnn has been educating traders for more than 20 years with live programming Hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tiger'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 and become a part of this educational community Of traders just visit the front page of tfnn.com Welcome back folks coder john c duncan Dan in the den, you know, I tell I tell her all those things all the time Mr. Bill You know all those things that she is my resource to be able to talk to somebody about the great depression You know, she was young obviously at that time But she lived through that time period out there and we and and we need i've asked her to write books all those kinds of things So when I struggle with stuff like that like david's death My mother-in-law I I I I fall back to three different books for my spiritualness if you will these are great books here The first one is the secret teachings of all time Now this was a book given to me by my grandfather was given to him Uh, it's this is a collector's uh book right here. This is probably worth about four or five thousand dollars This edition of this a book but I the other day I found it they have a paperback copy you can buy for like five bucks or 10 bucks or 15 out there This is a very cool book. It's really in depth out there And you really understand how many religions around the planet there on all kinds of things the other book I look to is jim ron. So I love jim ron and and just this little book here treasury quotes You know kind of like tom reads is uh for uh for What is it called for I forget that but you know what i'm referring to i'm a son like joe biden right now And the other one this is a great book here and this one I always go back to it's called the laws of life And by john templeton and these are great resources these are great books that I would recommend for you out there But now we're going to go take a look at netflix. So we'll go from a books if you will to a netflix out here This is for um SNP I think inside the tigers den and with regard to netflix right now You've got it looks like you're going to get an a to b equal cd to the upside Volume on the b point out there was 7.9 million shares so far in about a little over two already above that with trading So you've got a to b equal cd to the upside Uh the one to one price projection. I'll give you an approximate area out there Approximate because we're kind of you know time strapped here and so i'm not using my exact tools, but Grab this would you grab it come on stevie? There we go So your one to one price projection not much further than we're at about the 325 level But I would say more likely than not amazon targeting 349 is td nine count breakout level 33702 is another area of support. That's the weekly center of its profile out there So uh netflix looks pretty solid and strong folks, uh, please tune in tomorrow Uh between eight nine will be recorded at them But I'll do everything I can to make it as pertinent for you between this time frame of 11 to 12 have a terrific thursday folks I'll see you on fantastic fright. Take care