 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks, welcome to the February 15th The terrific Thursday edition of today's Trader's Edge show I'm your host Steve Perseverance Rhodes Who absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past Hope everyone out there is having a great day Let's make sure we have an extraordinary one Now the easiest way to do that Is to always remember that life is happening for us Not to us, that's right When you and I make that one little two by four shift Means we can find the gift in every set of circumstances That life is going to toss at us Now today you and I are 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 to know I'm actually grateful for your presence here But even more important than that And that's this during the next 53 minutes I am here to serve you So feel free to pick up that phone Dial on in at 877-927-6648 Now if you've got a question but you can't call in We've got you covered You can send me an email, send that off early And send that to Steve at TFNN.com Inside that subject heading if you'd be kind enough To put radio show question Of course if you're inside our tiger's den Well then any and every ping will do So let's go ahead and get this show started on Thursday of course this is Tiger Financial news network I'm Steve Rhodes Welcome to the show Right now we start our day with a mixed bag The mix goes like this Now it's up 147 S&P2 Nasdaq 100's off 65 Russell's up 19 Semi-Zero down 18 Trani's there off 21 New York Stock Exchange up 102 Gold's up 8 bucks Silver's up 54 cents We could a buck and a quarter Now 1827 Now our leaders in the clubhouse to the upside Supermicro that's been up for at least three days 67 bucks 7% move there Equinix 42 bucks 5% Zebra Technologies 12% 30 bucks Reline Steel 30 bucks 10% E-PAM systems 8% 22 bucks those are the movers The shakers out here West Pharmaceutical Services down 66 bucks 16% Alpha Metallurgical Resources 6% 23 bucks John Deere 20 bucks 5% Monolithic Power Systems 20 bucks Nearly 3% and HubSpot down 17 About a 3% move to the downside So let's begin trying to figure out What these markets are communicating to you and I The very first thing though Let's check in here with that spot volatility We got the spot volatility and it's still above It's 50 day exponential moving average The 50 day print at 1370 Price right now at 1463 That's always a bearish indication For a bearish to sideways Typical indication for the S&P 500 How do we know that? We know that because We've mapped it the bottom portion of the screen Is the spot volatility at red line Is the 50 day exponential moving average I'll just have a few time periods in here But you can do the rest of this work yourself Those green periods are when that spot volatility Is Below the 50 day exponential moving average I've got to now go ahead And tighten this one up here And I'll be starting my little red square Or rectangle right now So you can see when that spot volatility Is generally speaking We don't back up the truck Or anything, but generally speaking When that spot volatility is above the 50 day exponential moving average It can be very problematic for the S&P 500 If we take a look at the New York Stock Exchange It's advanced decline oscillator though I did mention New York Stock Exchange Is trading the upside Even advanced declining issues here Are making not new all time highs But they're making new highs since back in 2022, 2021 The trend line as you can see But the point that I was going to make Was that the advanced decline oscillator is above zero That tells us that buyers are the ones in control That's why we're not seeing a significant decline To the upside So we've got messages that are Opposing views And that's really what we're seeing play out inside the market And that was played out by the mere fact That we had those new profiles that formed a few days ago So if we just switch over and take a look at our daily time frame My daily time frame Let's look at my white background charts As you can see here Help us identify the possibility that this is just a consolidation At least right now You do have that Roadsman Dominicator top But that was at Bearish and Golfing Or even Three River Evening Star candle Formed out here on the 13th Price came all the way back to support We know that $49.39 is a real good level of support The price closed below that Then we've got something else to look at Right now inside the NQ You don't have a top but you do have price consolidating Inside it's a profile level So that's between $17.531 $17.924 The Dow, remember we were talking about how It had formed that same day, the day of Tuesday The February 13th out there That this had formed a new profile And price closed below it That new profile by the way, $38.370 Now I have two different profile levels You may recall, one profile level Is coming from my black background charts And that profile bottom is at $38.461 This is a little bit more Of a conservative approach in my opinion So we're going to stick with the $38.370 It doesn't matter whether we stick with That one or we use $38.461 The point is, we're back inside that profile That means that this day here On the trading session of February 13th That was a false breakdown message out there So now we're just back to the consolidation Inside the Russell 2000 The Russell 2000 has resistance Really established by this bear sash candle On the 13th That resistance would be the high Of the two candles, in this case here In 2016-19 Right now, price is above its green That's a bullish condition Price above the top of its profile That is a bullish condition as well But we really have to take a look At the intraday charts here Just to understand what else is going on Potentially underneath the covers So to do that, let's go start off With the NQ The reason is because the NQ is the one You may have noticed the NQ is the one That hit the top of its daily profile That in the upper left-hand side Now, on the five-hour time frame chart I don't have any kind of a top or anything I just have price now back inside its profile Level at $17,831.75 As long as it remains inside that profile We could see a further pullback I don't really have a topping pad On the four-hour time frame chart The price is trading below the last bar That's a bearish message From a directional speaking standpoint The same with the five-hour time frame chart So this would suggest that we could see a pullback To the $17,686 area out there The two-hour time frame chart Does have a TD-9 Cal top It's below profiles It's communicating to you and I since that one Is the one that has the top Let's use its signal messages out here And that says $17,730 is a likely outcome What could get in the way of that Likely outcome I would have to say it would be over the course Of the next couple of hours That's if on the 30-minute time frame Cal bottom Other than that I've got some intraday signals The 10-minute is trying to form a roadsman Diminicator bottom so too with the 15-minute Time frame chart So at this stage here unless we see some bottom Signals on those 10 and 15-minute charts They give us some type of counter trend move Out there Looks to me like the NQ wants to trade back To the $17,730 level out there I had mentioned the Russell 2000 So let's go take a look at it Suggesting that it wants to trade I know I ran into resistance where it did So we got resistance really all across the board I'm going to switch screens here for you Just so that you can see what I'm seeing Change windows it's ran into A trend line Stevie had forgotten about that screen Squares the screen, sears the screen There we go. You're looking at the lower right-hand panel Out there Not the horizontal one that's identified 2097 as the roadsman Diminicator top but that descending trend line The price ran right up into it Resistance here in the Russell Resistance inside the NQ We can say resistance inside the ESMini Because that's a bare structure profile On this black background chart And can't really say where it Resistance inside the Dow Steve Rhodes with TF&N 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 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 TF&N.com TF&N 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 TF&N.com The opening call newsletter is Written by Basil Chapman Creator of the trading methodology Known as the Chapman Wave The Chapman Wave up-down sequence Gives you an edge in identifying price turns Finding the peaks and valleys in stock prices Get the opening call newsletter By Basil Chapman and your inbox every day First time subscribers also Get a 30-day money-back guarantee If you're not satisfied, let us know And you'll get a full refund within 30 days Of signing up TF&N.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 it number Two for the year, an amazing Accomplishment. 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Sign up today And become a part of this educational Community of traders. Just visit The front page of TFNN.com We'll be right back. Let's go to our first caller. It is John in Philly. John, thanks for calling. Thanks for holding. How are you this morning? Steve, I'm doing great. We had a little nice Coating of beautiful white snow Up here in the north woods overnight. So it's quite extraordinarily Beautiful outside this morning. That's great. You'll have to post a picture In the den. Us guys in Florida, we love looking At that. We just like being Of course you do. Of course you do. Steve, I am calling To ask you specifically The question. Does any of your work suggest Or give you clues Or hints Of Bottoming potential in Comex gold. That's my question And before you do Answer that question, I thought Two things, two observations Just To lay the foundation for What is As you know, Steve I am actively Involved trading Comex futures I always I apply two principles At all times. Number one Never lug losers So if it's declining And I've bought I've either gotten out Of a break even Or gotten out at small losses To not violate that rule number one It's a beautiful rule, by the way I never wait For proof of a bottom before acting As you know, I'm always probing For bottoms when I see the potential For that setup. So Those two things, number one Number two In the Tigers den, I posted A chart, a daily chart Going back to Labor Day Of not Comex gold futures price But the daily chart Of spot Gold bullion And that's the That is gold traded In between The large banks that manage The monetary system And because Comex futures Always has A basis attached to it Basis is nothing but the futures Price less cash And I'm not going to go into that Now, but because of the basis Phenomenon Interpreting chart patterns Can Go awry from time to time So to keep from I am always looking At that Spot Cash bullion price chart Especially on the daily and the weekly level And I'll just make An observation People in the Tigers den Can look for themselves I've posted the daily chart Of the spot Bullion gold price And what once Is that since October 6th There's been a series Of higher lows including Yesterday's low It's clear In the past three months Gold price In the past 60 days The gold price has been Stuck in a very tight range So there's been No quote unquote Action for those Looking to buy and hold that much Is very true But it was potentially The completion of an A B Equal CD pattern With higher lows So I'm attracted to that And I'd like to just listen To your assessment Of the potential of bottoming And if I could do So I'd like to listen off air Sure, absolutely And I'll do the best that I can To do that for you I have posted it right now Live inside the Tigers den Is that chart that you posted That way those folks listen on Tiger TV They can capture that screen if they want So thanks for providing that And I'll do my best to answer that question So thank you for the call That was John in Philly So I want to save that So now let's take a look at a number of different things So one of those things I think that we should consider Is simply just to make sure we understand the correlation Between the US dollar and gold And so that's what this chart is showing us right now The top portion is gold The center portion is the US dollar index I believe I have this set to a five day Average out here Which is a pretty small Average in doing these correlations That's five day If I move it down to a three day as an example And that's what it's going to show up right now You can see that when the bars are below zero Tells us about an inverse directional relationship So we can see whether it's three days or five days There still is This directional correlation that exists Between gold and the US dollar index I expect at some point in time When gold really does take off to the upside That we won't see that correlation We'll see the bars beginning to form All above zero So I mentioned the US dollar index out here What we can see in John was going through His His logical reasons And looking at those lower lows over the longer Period of time out there So I get that, that is good If we take a look at the profiles out here And we talked about this a little bit yesterday We have new profiles That have been forming and I'm just referring to Coming back here to the December Time frame And when each of these profiles forms above the prior profile Which is what we've got right now It's hard to see here, let me see if I do this Um I don't have the US dollar index up here I've got it on this chart right here This might be easier for me to just simply Turn things on and off, so I'm going to turn price off right now Just so you can see what I'm referring to Because it's important to understand Because of that directional correlation What's the US dollar index communicating to us So I turned off the wrong thing Oh, okay, here it is, there we go So see how this profile right here, John Has formed So this has a higher low This has a higher center This has a higher high So this tells us about still a strong upward Momentum move for the US dollar index Now if price were to close below 103 Is 66, that would be a different message out there So right now the US dollar index Even though it ran into resistance That is the bottom of the monthly profile At 104.66, kind of a normal place To find resistance Now the dollar is going to back off a bit, right The question is where it's going to find support So 103.66, 103.96, I don't know So we've got the US dollar index pulling back And obviously we have A gold moving higher, okay we got that back on So let's come back So we don't need to spend any more time on the correlations Let's do this Let's take a look at Let's take a look at gold With regard to horizontal trading ranges out here And just take a look at the long term So I'm just going to focus right now on the monthly time frame And to answer your question Has it made a bottom? I could answer it this way The easiest way to answer it Is if we get a monthly close above 21.14 The answer to that question would be yes So in 21.14 Folks, that happens to be a horizontal Trading range Out here And I don't want to go through that whole dissertation But that is a resistance level With regard to horizontal trading ranges If I take a look at gold Here I've got the April contract The April contract rolled into that a few weeks ago So we've got the April contract along the top For the daily and the weekly time frame Now one piece of evidence to suggest That we may have hit a bottom John Would be the fact that the weekly time frame chart Is backed off and is testing the top Of that weekly profile So what you don't want to see is a weekly close Below 2310 Out there because if you do Then a key level of support will have failed You'll have your higher lows out there But what it would suggest Because your question was have we bottomed I'd have to say well not just yet we haven't bottomed And that would then open up the door For move back to the 1971 level I've got the small a to b equal c It doesn't match up with John's cash Gold doesn't really need to And the reason it doesn't need to Is because we have a TD9 account bottom That's going to form today So we come back from this break We're going to finish taking a look at the gold That was back in 2020 Typically it's the fourth time through I believe And you can see we're pushing up Towards that level Steve Rhodes with TFN will be right back Gold report As a precious metal gold is still king It continues to hold the most effective Safe haven and hedging properties Across the global major trading hubs Of the London OTC market The US futures market And the Shanghai gold exchange The gold report Tom O'Brien publishes his weekly gold report Every Monday morning for subscribers Consisting of coverage of the XAU 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 O'Brien'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 TFNN's YouTube channel with Tiger TV Live every market day from 8.30am to 4pm 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 8 different shows With expert hosts to help you Make the right moves with your money Watch online at TFNN.com Or on TFNN's YouTube channel To become the investor you were born to be TFNN Educating investors Are you ready to take charge of your financial future? 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Tune in live to Tiger TV And transform your trading journey Because when you know better You invest better Join us and experience the difference today TFNN Educating Investors 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 Welcome back folks So we're taking a look at the gold out here Before we move off of this chart So All we've identified so far The only thing I can identify so far on this is On the daily timeframe We've got a TD9 count bottom On a weekly timeframe We have price that is pulled back To test the top of its profile Those would be the biggest clues That there could be a bottom out there What are the clues That there may not be a bottom Well, one of those is That we've got a new profile That is formed on the monthly timeframe John, it is a bearish structured profile And that says that resistance Is between the levels of 1987 to 2053 Again, this is a monthly timeframe chart So you've got kind of a wide range out there But what we can see It's still bearish in structure Because support is all the way down to 1889 Out there So we need to see, really We need to see a close So the answer to Mark Is going to answer that question for us But we need to see a close I'd say about 2090 out there If we take a look At the quarterly timeframe chart out here So really trying to Really trying to Understand where resistance is at So that's an automatic line That's drawn on my system here With regard to the ascending trends On a quarterly basis You know, you've got that trend line So really we take a look At this chart on the lower left out here We can see price really trying to get through So to answer your question Has gold made a bottom? Well, I don't think the US dollar index Has made a top And we can go into that more But what I'll do right now Is just switch over To take a look at the To take a look at the white background chart So if you give me a moment here We're going to switch over to those charts What do we have going on? Okay, just ask Brent to hold on If you would Thank you So we've got that So now you had mentioned If we take a look at gold out here On the weekly timeframe You can see that that's real tight Trading range, so to speak If you want to call it a tight trading range Between 1927 and 2113 That's the TD9 count Breakout level and breakdown level That's the second chart From the upper left out there On a daily timeframe You see that TD9 count Now we don't have a new profile Or anything like that So gold should be able to run All the way up to that Osseter and change line And that's at the 2031 area out there So price should be able to rally up there Let's go take a look at What else has transpired so far this morning With regard to gold and its rally Well, if we take a look at The 60-minute timeframe chart The 60-minute timeframe chart Is one that's providing the best signal out there So for you to help answer that question I would say pay attention To what's the best signal That Steve is referring to The signal I'm referring to It's got a TD9 count on top It's got a new profile in this form We can see price is pulling back So if price is pulling back Where's the buy zone out here? Well, with regard to the 60-minute timeframe for gold That's at about 2007-50 That is the Osseter and change line But between 2006-50 and 2008 That is the buy zone out there Because let's say bullish structured 60-minute profile out there So the 60-minute timeframe chart Because of the TD9 count that it has Dependent on its retracement And whether it takes that out I would say a price able to take out today's high Today's high is 2020 out there 2020 to be exact Benjamin Basil talks about round numbers How about 2020-20 out there So that is, if gold is able to take that level out Then it adds to the idea that Yes, maybe this is a bottom out here So actually let's watch this first retracement See what it does It should pull back if support holds Between 2006-2008 out there And then it takes out the 2020-20 level Then you've got some evidence to add to the idea That gold has formed a bottom out there I hope that that made sense Let me see what else is on any of these charts out here So I don't have any intraday bottoms On the 5-hour, the 4-hour, the 2-hour Yeah, no bottom signals there So I don't know if there's a Oh, what's the last piece of information That I could probably share with you on the gold With everybody else as well You know, how about let's go take a look at I'm going to change screens here So it doesn't black out But let's go take a look at the seasonal patterns With regard to gold Let's just try to understand what those are Give me a moment We'll put the seasonal chart up here Now this is the seasonal chart for gold Taking us back 55 years And what's up here right now Is just the presidential election year So we may be in the We know that we've got a presidential election That's going on Is gold going to pay attention to Presidential election cycle? I do not know If it takes out the lows Well then probably the answer there is no So we can see out here with regard to gold You've been talking about We're kind of in a tight trading range out here This is suggesting that that tight trading range Should at least take us through the Early part of March out there Based on this pattern And then actually head lower Into the May 1st timeframe Well let's not use the presidential cycle Let's just simply go back and take a look At what's going on during the last 55 years Well it turns out that gold during the last 55 years Typically tops right around next week In fact a week from yesterday Right around February the 21st Although we don't use those days right to the T And then price moves lower into March And this is just over 55 year period of time That March is the better timeframe To be looking for a buy in gold So let's summarize it And the summary is We've got piece of evidence to suggest That it could be a bottom We see all kinds of resistance We know that has to be taken out there Let's watch that first retracement On that 60 minute timeframe chart And go from there So I hope that answered your question If not I know you'll let me know And we'll come up with that information Now let's go out to Brent in Martinez, California Brent thank you so much for holding on How are you doing this morning? I'm doing quite well Steve how are you? Excellent thanks so much for asking And we're going to take a look at LAES Tell everybody what you're doing And how we can best help you I guess the first thing is I sent you an email In regards to this particular stock And because I wasn't sure I'd be able to call in So you can of course explore that Because we're going to go over it now Just on the live on the phone so Perfect I love that This has been to me a great stock to trade I'm not in this as a long term deal I just like to trade it because it has Good movement from the bottom to the top And it kind of keeps going back and forth And so I'm out of it I'm kind of looking for a place to reenter I think we might be getting near that zone Just if you look at the chart Typically starts to more or less level off Once it reaches an area That seems to kind of hold Instead of doing that for the last couple of days And so I'm just wondering if you have anything On your chart and that would indicate That to be the case or not So as we take a look at this is LAES this is SEAL SQ Corp out there So you're looking for the next buy point out there The next buy point could be the bottom Of its daily profile which is at 195 We're trading at 220 right now The low of the day I'm not exactly sure I think the low of the day has been one I'm sorry 205 out there Now there's not a pattern It's got a rose mint and indicator top out there On the daily time frame It's not a pattern so to speak But it can be a bottom when you get back to support So one area to consider would be that Buck 95 level Now we got close to it so was that this morning Was that a buy And the easy way for Stevie to try to answer that question Is go to the intraday time periods And see if there's any kind of chart patterns Or what that idea The 30 minute there is not a bottom pattern that I see Nothing in a quick visual look If I go to a 15 minute time frame chart I show a rose mint and indicator bottom back here yesterday And prices trading back into that area So you're pulling back into a level where there was a bottom But not a 15 minute time frame I'm not so sure but I don't want to rely on that Let me just take one more quick peek We'll put up the 65 minutes out there And on a 65 turns out 89 count bottom Alright so we got back towards the bottom of that profile If there's a close below the low of the day That tells us we're headed lower The low of day 205 that would say We could get back to about a buck 62 So the 65 minute time frame chart Supports an idea of a bottom with its pattern Although resistance hasn't failed And that first level resistance Brent I would say would be $2.46 out there We're going to a break If I could ask you just to hold for a few more minutes We'll come back we'll take a look at LAES You can also share with me what you're looking at I see, I don't see anything else just yet But please hold on and we'll come back We'll take a look at SEAL Square Corporation 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 Kegstad's Tiger Forex report Teddy Kegstad 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's 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 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bold trades on US large cap stocks In either direction trade SPXL SPUU Or SPXS Directions daily S&P 500 Bull and Bear Leveraged ETFs Direction leveraged ETFs An investor should carefully consider A fund's investment objective, risks, charges And expenses before investing A fund's prospectus and summary prospectus Contain this and other information About direction shares To obtain a fund's prospectus and summary prospectus Call 866-476-7523 Or visit directioninvestments.com A fund's prospectus and 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 for 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, for taking a look at the ticker symbol LAES with Brent in Martinez, California We're trying to identify where a bottom Might be out here So Brent, during that break, what I noticed You probably notice this as well And that is your price closes above a buck 73 tomorrow on Friday You'll have also a weekly TD9 Count top out there If you close it below that, that pattern goes away The issue is that I really don't have very good profile levels I don't really have any profile levels On a daily timeframe This stock started trading about eight, nine months ago So there's not enough data Really for the monthly timeframe chart We can see profile levels that show up on this white background Screen Brent that are way above price 1121 and 2642 I just don't think there's enough data for this To generate enough weekly profile information out there So I've got to go with a buck 95 As being the likely Next target to the downside I'd say that would be more likely if Tomorrow price also closes below The low of last week out there Which is kind of The only other thing and if price were to break Below buck 95 And I know you like to be patient on these things If I turn on the black background charts What you'll see is both a descending And a rising trend line out there So if price were to break through that Then you'd be looking in the buck 40s Or something like that So after that dissertation so to speak What say you What am I not looking at that you're looking at Anything or how can I help you Further I think that number that the buck 95 Is roughly where I was looking At potentially buying it It's gotten close it was got down to 202 The other day 205 today It's tempting me I'm just not like it I'm gonna wait until I get the number I want and I might miss it that's fine Yeah But you're in the ballpark and like you said I just I believe this will get down to an area Like it's doing now and then it has these Kind of dramatic moves up off of that So I think that there's that potential But yeah I'm just being patient And if you wouldn't mind I know you talked To Ron the other day about gorilla tech I happened to have been in that myself I didn't buy when he did I bought the day of the earnings It backed off to 64 cents I was very lucky to get it there I doubled that day What's that ticker sign? I've been waiting to Potentially buy that one again I guess my question is To me it looks like there's an A-B equal C-D pattern down that would be The one-to-one would be around 68 cents I believe I came up with Can you give me the ticker symbol? It's a G-R-R Okay thank you So I got G-R-R I have like From the run from the bottom Up to that they move up I think it's like from 40 cents up to about 30 618 retracement of that Gets you around where it hit today So I just don't know In my mind I'd need it to finish Out that pattern but If you could take a look at that Sure so what I can share with you Is what price is doing as we speak Right now it's testing It's bullish structured profile support law But it's testing the bottom of that We're at 82 right now The buy zone on that bullish structured profile Is between 81 and 98 Out there so Price is pulled back into a Wide-ranging bar with volume Pulling back on lighter volume And that support out there So if that level doesn't hold Then where is this headed to Could be headed all the way back to the breakout level We would say it could easily Head back to 58 cents Out there but that's not the message As we speak right now This looks like this is going to be Day number 4 to the downside So let's just take a look at its normal Dance steps. We have seen 6 and 7 and 5 Out here If this is really starting to bullish trend I wouldn't think it would go beyond today With regard to moves lower And would start moving higher out there And you said I didn't do the retracement myself You said it's pretty much near 0.618 retracement As we speak Out from the bottom to that high That's when it came up but right in the zone I think it was around 78, 79 cents Which it got down to 77 was the low today Round number low But then also I mean to me I see a pattern there And it did a 3-2 retracement So I don't know if it broke that C-point With volume or not But I'm sorry the D-point With volume Which So you're using The From the top it came down Had a little retracement back up So just on that daily If you look at the I'm a little Have a little bit of a delay when I'm talking to you But yeah if you just go back To that black background chart It shows up pretty good For it made the high Back down a 3-2 back up And I don't know if it broke that C-point with volume or not But I mean it does look like a pretty defined A-beagle CD and that would be 68 so that's where I'm kind of Toward between is this it Or is it going to finish that pattern So let's go with that idea So it had about a .382 retracement It was 37% so that's close enough For the A-to-B equal CD pattern The volume on that bar The bar I'm referring to folks is February the 8th The volume there was 5.7 million shares It was with 2 million shares That was a couple days ago yesterday was 1.7 million shares so far today We're at 1.1 million shares We've got a bit more volume today But still breaking that B-point on light volume So what this could be setting up Brent Is what Tom likes to call it Gartley a tiger Gartley pattern out there Because the B-point has been broken With lighter volume so that one to one We get you down to that 68 cents If we close below profile support at 81 Then I'd say odds favor that we do Is the 30 minute time frame chart So 30 minute time frame chart So when we get to a potential bottom on anything I like to go to the intraday charts See if they are suggesting the same thing And so here you can see on GRR We've got a confirmed roadsman to Mindicator bottom that has not gotten any traction Now this just formed about an hour ago But it still hasn't gotten any traction And quite frankly it's If you're still trading inside that bar On a 30 minute basis I did 350,000 shares We've got about 12 minutes ago We're at 45,000 shares So this is pulling back with Lighter volume into that So it'd be interesting to watch the 30 minute time frame chart To see what it does out here If it closes above a buck Well I know you won't chase that But if it does close above a buck On a 30 minute time frame Then we probably were at that bottom At the bottom of that daily profile Hope I didn't confuse you with anything No that's great Steve I think I was going to be patient I've actually done well with this If I never get back in it That's fine I just In my mind I want to at least See what it does today And where it settles out And then if it's going to Finish that pattern or not I think we're getting near the zone I'd much rather buy it at 68 Than where it is right now If it were to get down there So one more piece of information to pass on to you And that's this So that would be a beautiful thing That would be a nice setup out there Get that A to B equal CD to the downside For me I'd love to see a bullish reversal candidate Confirm that pattern and you'd like to see The top of that weekly profile hold out there So right now that seems to be the formula And please check back in with me so we can See this and thanks for sharing I know that everybody listening in is probably Going to be paying attention to Gorilla Technology Group Brent is there anything else I can do for you? I guess the other thing that I would note They did come out the stock off We're in this morning and so In my mind and that's not going to settle out So around the 20th of this month So I think there could Potentially be a little bit of inherent weakness There that could bring it down to that level So that's why I'm just going to be patient myself Perfect, right I really appreciate your help You know so much as always And just have a great day and have a great week Steve We'll do you too That was Brent in Martinez, California We'll be right back folks I think that if you want to be successful At trading in the stock market You're going to need a crystal ball After all it's impossible to predict the future Right? 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TFNN Educating Investors Welcome back folks. We're taking a look at the charts here for RTX Corporation. This is for Alton, your profile levels that you're Asking about. The only profile level That you're dealing with are the dailies Right now. Support is down at $89.89 Resistance is up at $91.45. We're trading $91.65 right now. There's no weekly profiles for you to be concerned About the price well above them. Same thing On the monthly time frame out there. Now you've got to, this stock loves the TD9 Counts. You've got a daily TD9 Count top, a weekly TD9 Count top that's going to complete this week. But you've got a monthly TD9 Count bottom. I would say a TD9 Count on the dailies led to a Consolidation with inside his profile Level. And that $89.89 Level has held out there. So it looks To me like you're in store for at least A little bit more of a consolidation. I think it's going to complete the TD9 Count top. If price starts trading Closes above the TD9 Count high, which Right now is last week's high out there. That high, by the way, is at the $92.25 level. It'll negate That signal. And that would suggest That price is going to go much further. So I hope that that helps you out with With regard to RTX. Let's go take a look At Path out here. This is for Duncan Steve. When I take a look at Path, what I've Got out here is a sell the d-point Pattern. The price gap down back on February the 13th. Now, what Price also did was a pullback in a Test and support. So it's daily Signal here is neutral. But does have resistance at 2616 2616 is the top of its daily Profile. But take a look at the Weekly timeframe chart right now. It's consolidating with inside that Weekly profile. It would be in breakout Mode with a close of up 2653 Out there. So let's focus in on the Daily timeframe out here. Sell the d-point out here. Let's take a look At the weekly chart. What do we see With regard to wolf? I see a Consolidate with inside its daily Profile. That's between 2601. That's a very strong level of Support and 2915. That is your Resistance area out there. Weekly Chart needs a bullish reversal candle To get its mojo that would confirm A rogement to indicator bottom Pattern out there. The last Chart that we'll take a look at Out here is going to be The top of its daily Profile. It's a very strong upward momentum Move. You didn't need me to tell You that. But what I did tell You was a topping pattern. Got Negated today. Folks Stay tuned for all the great Programming. I'll be back with You on fantastic Friday. Please Have a terrific Thursday. Take Care and be safe out there.