 The following is a presentation of TFNN The Traders Edge with Steve Rhodes All now toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good morning folks welcome to the October 20th the fantastic Friday edition of today's Traders Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day Hey, let's make sure we have an extraordinary one. Now the easiest way to do that So always remember that life is happening for us not to us That's right When you and I make that one little two-by-four shift it means we can find the gift in every set of 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 want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this neck 53 minutes. I'm here to serve you So feel free to pick up that phone Dial on in 877-927-6648 now if you've got a question, but you can't call him You can always send me an email send that off to Steve at tfn.com and inside the subject heading Please put radio show question. Of course if you're inside our targets then well then any and every ping will do So let's go ahead and get this show started on fantastic Friday. Of course. This is tiger financial news network I'm Steve Rhodes. Welcome to the show Right now. We got most of us in seas training the downside the one is not as a transport They're basically flat up three points the dollars down 132 S&P's up 35 Nasdaq one or 173 Russell's down 12 semis are up 35 Gold's up 24 bucks Silver's up 79 cents lights recruit up 85 pennies natural gas off a nickel 30 your treasure up 24 takes Trade out at 108 19 the leaders out there in the clubhouse to the upside dollar wise is micro strategy $8 and 50 cents Equinox 489 auto live up 460 WD 40 put a little grease on the a squeaky wheels up about five bucks and night swift trans Something or other is up five bucks and change to the downside is solar edge off 33 bucks Mercado Libe 27 service now 19 HubSpot 17 Adobe's down 17 and phase energy is off 17 super micro down 15 We've got some movers, but we mostly have some shakers. So what do you want to look at out here? Why don't we go take a look at what's going on inside the equity future contracts out here? Let's start with Let's start with the NQ so at a crush to inside the Tigers in from Peter take a look at the ES and the NQ Let's go ahead and knock those out of the way first We're gonna go ahead and change panels out here So if you give me a moment, we'll get over to our white background screens We're gonna feel what's going on right now For the monthly the daily the weekly and all the other intraday time periods. We take a look at the monthly chart The only thing I would say is that if we close below last month's low That would be a bearish sign last month's low out there is 14 586 Of course, we close below 14 586 what we're gonna do is we're gonna negate the deep the daily TD9 count bottom pattern out There so that's low of the swing point from September the 27th out there now in the case of the daily time We'll just simply expand out the chart And we can see here that price is approaching the bottom of its profile the bottom of that profile is at the 14 677 level if we close below that we're likely to go test that swing low that form that TD9 count bottom again That was at the 14 586 level yeah 14 586 we close below that You know, we don't necessarily have to close below that in order to generate an A to B equal CD But I'm gonna close below that that tells us lower price and what that would do is then kick in this weekly A to B Equal CD so on the weekly charts out here. Let's take a look at those You got a nice TD9 account and roads meant to Mindicator top up there that top which is right here in the July timeframe lines up with the Pre-election year cycle pattern out there. So I'm just saying now with regard to an A to B equal CD pattern out there The actual B point of this pattern. We're already trading below that right now That's the low of the trading week in August. Let me get my cursor bar thing That's the week of August the 18th that low out there is actually 14 790 275 So if we close below 14 790 275 that will trigger an A to B equal CD to the downside But the reason that we're really looking at the 14 586 level is because that's a daily TD9 count bottom So that's really level that the NQ needs to close below to truly trigger that weekly A to B equal CD to the downside Now if we take a look what's going on an intermediate term time frame the shortest term time frame I've got up here right now Peter 30 minutes no bottom signal It would require a bullish reversal candle to accomplish that that would be a roads meant to Mindicator signal No such signal on the 60 minute time frame Other than possibly a bullish reversal candle to confirm it by the D point pattern the same would be true In the 120 minute chart so we see no bottom here. We see no bottom on the 240 the five hour chart is negated a Or is negating the process of negating a TD9 count pattern out there So it's looking like the question really comes is the are the buyers located at the bottom of that Profile the daily equity future contract. Are they going to be able to hold price 14? 676 again or big 14677 Is the number to be watching there? Let's go take a look what's going on inside the es mini So the only support really that we've got inside the nq is going to be that profile support on the daily time frame And we've seen how profile support and profile resistance can work So you certainly want to be able to respect that or you should at least respect that when it comes to the es mini The es mini has a buy the d-point pattern that by the weekly basis the buy the d-point pattern on the weekly basis Let me just expand out the chart here You'll see it was a nice big old hammer candle added form to confirm that pattern now Each of you know or you're familiar with the expression you close below the low of a bottom At the low if you close below the bottom of a hammer candle The expression is if you're long you're wrong So what's that number that number from the week of october 6 is down at that 42 35 50 level now There is some additional support inside the es mini below that that's at 41 94 75 So I would say Well, first of all, that's the real level the price needs to close below the tell so we're getting ready to ramp again To the downside out there. So the es mini still has that weekly buy the d-point pattern The daily has a buy the d-point pattern as well The es mini has some support now the support level On my ninja trader charts different than the support level on the black background the e signal charts here You've got profile support at 42 55 for 42 64 right now So just like the nq has got profile support the price is approaching So too does the es mini it doesn't look like that when we look at my black background charts But that's not what we're looking at right now So I'd say a price close below that 42 55 level then we're likely headed at 42 35 50 area And that's that bottom of the weekly or daily Um by the d-point pattern interday you need a bullish reversal can on a 30 minute chart to generate a roadsman Dominicator signal no bottom signal on a 60 minute You're negating td9 counts on the two hour time frame chart on the four hour time frame chart On the five hour time frame chart. So there things are not looking that good peter. So that's the es and the nq You've got now the two key support levels Those are the only areas that I see at this stage here to suggest why price could slow down or stop At about where we're at right now So I hope that helps you out with regard to the es mini and the nq charts If there was any other piece of information you needed, please write back to me Let's go to this set of charts out here Goldilocks the metals market the metals market if we take a look at goldilocks You'll see today is going to complete a td9 count top It's right now taken on its second or third level of breakdown resistors at 2004 40 We're trading right now 2005 80 we'll get back to this break. We'll finish looking at goldilocks silver the gdx And you know as I say in many of the other shows and much much more See roads with tf and n 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'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 tf and n dot com tf and 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 and n dot 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 and stock prices get the opening call newsletter by basal 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 and n dot 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 tf and n all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tf and n dot com and try mastering probability 30 days risk-free today tf and n educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 We've got the silver chart for the daily time frame chart number three 2349 was its td9 count top. We're well above that right now We're trading out a 2382 a close above 2349 negates that signal perhaps a likely Signal as well that gold will just simply go ahead and negate it But we can't call that until we actually see it in the case of the gdx out here The gdx has a td9 count top and a close above 3007 today will negate that signal as well If that gets negated odd's favor that gold won't respect its td9 count top either out there So that's the numbers to watch 3007 inside of the gdx 2349 for silver And uh gold it's going to be today's high whatever that ends up being out there So that's what's going on in that marketplace. Let's uh move over and what do we want to go to next? Let's go take a look at some requests that have come in. We don't have that many I think we have about four or five. Let's get to those here. Let's get those off the charts And the first one is going to be all the beauty u lta is a ticker symbol This is for jimmy d inside the tiger's den if you take a look at all the beauty It's what it's waiting for is a bullish reversal candle jimmy to form a rogement dominicator bottom You are also going to form bar number seven today of a td9 count now I don't know what today's candle is going to be right now at 11 20 if this was the end of the session Well, then what we would have is we would have a confirmed rogement dominicator Bypoint and if the price can get above that oscillator and change line Which is the resistance level right now then we'd be off to about 382 maybe 387 So with regard to alt on the daily time frame you're waiting for a bullish reversal candle If we take a look at the weekly time frame price has made its way back to a breakout level of sport 373 80 be closed below that the next area would be 341 47 If we look at the monthly time frame chart, let's populate this a little bit You can see right now that the monthly chart is signaling two and i and a to b equal cd pattern to the downside That's a possibility Is price target because price is trading below the bottom of its profile the support level 392 08 We look for the next support level and the next support level would be in 3905 That's where on a monthly basis all the beauty had broken out from so at this stage of the game You're back at a key level of sport on the weekly the daily give that bullish reversal signal You shouldn't see a at least a bounce maybe a bottom It would be more than a bounce if price and alt could close above 387 51 And if it did that then you'd be on your way to 401 29 So jimmy i hope that helps y'all with the information you were looking for on alt Let's look at your second request, which is lulu lemon lulu is a ticker symbol out there We take a look at lulu lemon right now. This is pulling back It's got a wave seven top that i see and price is pulling back to test a key level of support What's that key level of sport? That's that green oscillator and change line green oscillator and change line Tells us we have a rising price oscillator above zero. Those are bullish signals the number of that Oscillator and change line is that 390 39 that 39 is kind of thereabouts Because that changes price moves up and down, but if we get it closed below that jimmy That would suggest to you and i that we would see or should see a further retracement Now that further retracement could be getting back to the next level of support Which would be down at the what would it be? Oh, no There is no next level of support in the daily time frame because we've got new profiles and prices below those profile levels So then we have to come take a look at the weekly chart Well, the weekly chart is also sitting at a level of support. It's oscillator and change line. That's printed at 390 48 So we've got two of them in that 390. So here's the call If you close below 380 906 The top of the weekly profile jimmy then that's going to suggest to move to 369 21 So that's where our real battle is today inside of lulu 11 389 06 the monthly chart looks pretty good monthly chart is in bar number seven. You're trading about profile Um, you know, you you moved above both the uh fire weeks high and low out there So it's been quite a movement this week But it still looks pretty good and you're sitting right now at daily and weekly support So you've got to watch to see how the market responds today Maybe and or monday out there But those are the numbers at least to be watching on a 30 minute time frame What I can share with you is there's a td9 account bottom That should in fact form by 11 37 minutes from now and then complete by 12 noon So if there's a rally that's going to start at least on this watch the 30 minute time frame chart for lulu 11 Whatever the low is by 12 noon if price starts trading below that that tells you no bottom insight for lulu 11 Other than the support levels that it's dealing with on its daily and weekly time frame But it's not exactly the signal that you would be looking for so there's a possibility For lulu lemon watch that 30 minute time frame chart out there Let's go to our next request the next request coming in from hector and patty and hector and patty want to take Look at ag nico eagle aem is the ticker symbol And it's a beautiful looking stock chart right now because you had a td9 count pattern that formed two days ago completed Yesterday and a close today about 50 45 you're trading right now at 50 58 A close about 50 45 today negates that pattern That says also goldilocks is likely to negate its td9 count top now the question out here for hector Was is this a gigantic a to b equal cd to upside the point pretty easy the td9 count bottom Which is down here in october 4th the b point would be the td9 count top So the retracement would take us down to the low of yesterday's session out there And yesterday's session low out there was at 48 82 the retracement from the top of that b point top of that td9 pattern Down to that low is only 22.5 percent. So hector and patty I've got a requirement It's really the system has a requirement in order to generate an a to b equal cd pattern You really need to make about a 0.382 retracement Not a 22 percent retracement out there and not that it can't be an a to b equal cd But that's not the pattern that I would rely upon to figure out where our price projections are So you really want to do on the a to b equal cd that b to c a retracement Whichever way in direction you're going in it really should be a 38.2 Percent retracement or somewhere at least close to that and 22 percent is a long way away from a 38 percent Retracement inside of 8 a.m. So i'm going to go with the fact that no it's not an a to b equal cd the upside And we don't really need to know whether it is or it's not because you and I can now project Where's the next level of resistance and that's really what we're trying to find out here Where are the levels of resistance and support for every instrument every time frame that we uh analyze out here So i'm going to just pull open the daily time frame try to bring it back See if there's any other td9 count breakdown levels. There is this way up here at 60 19 That's not the price point that i'm going to suggest to you Where the next area of resistance So it's going to be the swing point from september 20th the daily time frame and that's up at 50 84 There are 50 56 right now. So if you clear that they were off to higher price So i'm going to come back to the weekly time frame chart to look for its next level of resistance Turns out that's up at 53 46 that is the more likely outcome, especially if Um, not especially if we had a close above the center of that weekly profile Bola structure weekly profile last week. We're well above that this week Odds favor that price should make a move to the top of that profile. So i'd say a close today about 50 45 Clearly brings 53 46 into its sights now I know that hector wanted me to be able to say hey man that a to b equals cd gets up to 5605 hey 53 46 not too bad and we didn't have to You know finagle the a to b equals cd pattern the daily time frame most important thing today Is does it nico ego close about 50 45? That would be very bullish for that stock. We'll be right back 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 xa u 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 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's den 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 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 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 Folks, let's see a check on the markets here right now. You've got the dow down 184 s and p 44 Nasdaq one or two eight russles down 16 And in fact, that's where we're going to go right now is take a look at the charts here for the russell 2000 I believe that was john that inside the tiger's den that had asked about that So let me get to first the russell 2000 charts the equity future charts out here So what do we know about it? Well first on a weekly basis It's going to negate a td9 count bottom pattern This week out there. So that suggests lower price on a monthly basis Also a td9 count bottom now. It's too early to call that but if price did close below 17 13 80 and we're at 16 94 right now that will negate that signal That's at the end of the month that would then tell us to expect a move towards 14 25 80 That's coming from the monthly time frame chart There's also be an a to b equal cd to the downside pattern that would take us even below that level on a monthly basis So it's too early to call the monthly but it's not too early to call the weekly chart out there So with regard to the russell 2000 And it's next price projection level. I'm going to just do this off screen here. Give me rty z 23 and i'm going to go ahead and Put that in on my system just to give us a feel on the weekly time frame for where that price projection would be If I can do that. Um, yeah, I can do that steve. You can do almost anything almost anything So let's go take a look at that a to b equal cd price project. So the one to 1.272 is 17 15 Or below that right now. So the next price projection level On the weekly time frame takes you to 16 51 70. I know you're not seeing it on the screen You're looking at you're seeing on my black background screen. I'm not going to go back and forth I'm just going to give you the number out there What's the next thing to be paying attention to well first of all on the weekly time a daily time frame This negated its bottom signal was a buy the d point pattern did that yesterday You're in bar number seven as we speak right now We're in wave number seven as well, but that needs a higher low And you've got a roadsmen to indicator signal as present So this needs a bullish reversal candidate confirm a bottom short of that price is likely to head lower We were looking at the interday charts 30 minute no bottom signal 60 minute no bottom signal 120 minute it does have a wave seven pattern that is uh in play out here But that's going to require a higher low in the in a couple hours No bottom signal in a 240 and a five hour chart is negating. That's td9 count bottom So the russell 2000 is looking like it wants to head lower. We take a look at the equity future contract There's no other support levels for it to deal with now. Let's go take a look at the iwm as well So we'll pull up those charts And on the iwm Not that wasn't it give me a moment here. I've got to get all the way back Here's the iwm now It's weekly time frame just to give you a feel so i'm looking at the small a to b equalcy So where when we just take a look at the weekly chart for the iwm Where's it had as you can see the negated td9 count bottom We can also see the swing low out here that's trading into on a weekly basis that swing low was october 14 october 14 That swing low that's 20 22 by the way that swing low has got volume of 153 million shares out there so far In the month. We still have more time left. You're at 176. How about that? You are moving into that swing point weekly swing point with volume So we're going to close inside there when you close inside a swing point with volume odd's favorite increases the probability It doesn't guarantee anything But it does really increase that probability that what Sellers want to do is go explore that low and so that low that the russell 2000 the iwm etf is showing us is at 162 50 I take a look at the daily time frame chart. It shows really the same rosemont dominicator signals shows a wave number seven is Whoops, I didn't mean to do that Shows the wave number seven pattern out there. So the um and bar number seven of td9 count So it's really the same thing like we were looking at on the daily contract for the equity future contract So that's what i've got for you john with regard to the russell in the iwm If there's something else you need just go ahead and ping me and we'll be happy to get that for you A couple requests in the tiger stand. I only saw three, but if I miss and these are the three I found alb nike and microsoft if somebody put in something and you requested it Would you please just retype that in um and mr. Bill? I hope you do have sound I hope i'm not just talking to any you know just to myself out there because that wouldn't be a whole lot of fun So I do hope uh that you fixed uh, here's the sound problem out there That would be a good thing All right, so we're gonna go take a look at alb maro out there again ticker symbols alb And alb, we're just going to review these charts. I don't know what you're looking for necessarily But right now what we can see inside of alb maro is prices below last month's low Last week's low We're trading below yesterday's low. This is looking like it hasn't found a low So let's try to figure out what it needs to do well right now You've got a rogement dominicator signal that's been triggered. So on a daily basis rogement dominicator Uh signal bottom would be confirmed if you saw a bullish reversal candle Don't see that as we speak right now. That suggests lower price on a weekly time frame out here So let's switch over to the other charts. I can't tell if that b to c leg out here is about 3.3 point 38 percent move So here let's go switch over and we'll take a look at the black background charts try to answer that question for us So let's go take a look at and there may be even as I open up this chart Maybe the other's even larger a to b equal CDs. So let's take a look at uh Let's take a look at the one that's really Well as two of them that we put it here in place So let's draw those first in the first one It's got all of them are going to have the same high and that's the high from november 7 2022 So the first one's going to have a b point at january 2nd of 2023 and a c point at february 13th Now this is the weekly chart. We're looking for so the 1 to 1 levels already been exceeded the 1 to 1.272 We get us down to 132 76 So I'd have to say that's the next price target area now was that b point passed with volume Let's just find out The b point out here had volume of 7 million shares when it was passed it was passed with 10 million shares So that was your confirmed a to b equal cd pattern to the downside now on a weekly basis here Once price got to the 1 to 1 level. We don't have a bullish reversal candle So the weekly chart was always looking for a bullish reversal candidate confirm its bottom We don't have that 132 76 the next price target below that 89 17 There's another a to b equal cd pattern. I don't know if that b point's been passed with volume or not We'll go check that out momentarily, but first we'll draw that in same a point But now the b point becomes looks like it's the low from april 17th and the c point out here That is from july the 10th that 1 to 1 the level there would get us down to 84 71 now Its b point had volume of 17 million shares when that was passed. It was passed with 8 million lighter 10 10 Yesterday was 12 today so far 14 million shares So you're going to get a confirm confirmation on today's candle session out there And this is suggesting a move down to 84 71 So that's what I see when I take a look at lb moral the only Thing that would get in the way of making that move would be a bullish reversal candle that would confirm A rose meant to me indicator bottom So hope that helps you out Dan with regard to lb moral and thank you so much for that request Your second request was a take look at nike one of your favorite stocks out there nke is the ticker symbol Let's go back to my white background charts Give me a moment here. We'll take a look at what nike is communicating to you and I'm just narrating what it's communicating to us And how am I doing that? Well, I'm doing that by taking a look at that support and resistance and right now We can see prices above resistance That was a td nike out breakdown level for its daily time frame. That was at 101 96 So now that it's cleared that whereas it headed to well, it turns out that yesterday was actually a confirmed sell the d-point pattern What do you mean stevo? Well, let's take a look at the a to b out here I'm just going to simply draw it in with just my line tool which will then move over to the c-point So there's your a to b now. I'm going to move this over to the c-point. I'm going to try to do that So i'm going to try I'm going to need this break in order to be able to actually do this move I'll figure it out. We get back to the risk rate. We'll take a look at the a to b equal cd pattern Looks like a sell the d-point, but I could be wrong about that, but we'll find out as soon as we get back from this break 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 and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns. You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry pesavento on stocks you need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. You need to act on at any time First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade Au 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 8664767523 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 the nyse american and tsx under the symbol vgz Welcome back folks. So that nike a to b equal cd pattern had a one-to-one price projection of 104 54 the high From yesterday was up at the 104 35. That's close enough for my work to complete that Sell the d-point pattern and you got that bearish reversal candle. No today. You got a gift out here dano So your net short and what the nike is done. It's created a new bullish structure a daily profile So which kind of makes sense out here Now that profile has supported one. I'll tell you why it makes sense 101 81 to 102 45 That's the buy zone of nike at the moment resistance up at 104 35 So I would anticipate that price is going to pull back into that sell zone The reason why I say that makes sense. So here's where that gets slightly complicated When the oscillator and change line change from red to green or green to red in this case here It went from red to green And you complete a pattern which it did a sell the d-point Odd's favorite price is going to move back and test that the real bullish signal Would be pulling back to an oscillator and change line that changed color from red to green Because that tells us the red was priced as it was below zero the green is above zero and rising right now And so if price can pull back right now, that's 99 31 You know as well as I do that number is going to change as the day and days progress out here But if 101 81 fails Then you'd be looking at that green oscillator and change line Now the reason why it makes sense that you've got that profile and 101 81 to 102 45 might be the support level Is because the chart on the weekly basis is very bullish There's a buy the d-point pattern that form price is now trading above the top of its weekly profile That's at 100.49 there ain't nothing bearish about that signal So it's cleared resistance if we take a look at the monthly time frame chart beautiful td night td night out bottom um And uh in that level a td night out bottom was tested rejected last week from a swing last month, I should say so um That's and it was tested reject. Let's see what the volume metrics was So the the td night count had 200 million and a little bit over more than that and last month 193 So that's a test to rejects on lighter volume on the monthly chart for nikey the weekly Trade above the top of its weekly profile. That's bullish the daily saying, you know what? I've just got a short term time out here with that sell the d-point pattern And I'm likely only going to pull back to 101 81 to 102 45 So I know you're not short and I want to be able to utilize that new profile. You should utilize that new profile Um because that may come in handy when you take a look at nikey. So I hope that that helps you out I'm sure that it does. Uh, let's go take a look at the next request out there That came in from nancy who wants to take a look at her favorite stock or one of her favorite stocks And that is microsoft msft is the ticker symbol. So what microsoft has Is what it still has a td nine count top that formed out here in the trading day of october the 12 And right now price is trading below its green oscillator and change line that tells us lost its momentum If price closes nancy below 327 59 What price should then do and it's already kind of doing that is target the bottom of that profile And the bottom of that profile is down at 324 66 The price closed below that then you could be looking at a run all the way to 311 21 So td nine count top on the daily time frame with the weekly time frame running all the way up to its oscillator and change line this week at 335 89 And testing and rejecting that level right now price is uh Potentially going to close below the bottom of its profile the weekly profile support is at 326 93 out there Monthly chart. Let's not spend too much time on the monthly chart Nothing out here to really report on that. I think it's going to impact what we see on the daily and the weekly as we speak What else can we take look at you know, uh from an interday standpoint? I don't normally have that but I apparently do on this set of charts I've got a 10 minute chart out here And on a 10 minute basis when we take a look at microsoft. No that can't be it There we go Where are we at when we take a look at the 10 minute chart here from microsoft this negated a td nine count bottom pattern So you've got a little profile. Maybe it's going to bounce up to the 326 94 327 16 area out there But even the 10 minute chart this suggests that microsoft wants lower price So nancy, I hope that that helps out with regard to msft and best of luck to you SNP wrote in and wants to take a look at ticker symbol se So let's get over and take a look at that Se is what let me make sure i'm on the right charts I am okay good So se is c limited And c limited right now is testing a really key level of support And that is its oscillator and changeline now looking to see if there's some kind of topping signal out here You know, it looks like it hasn't really completed the a to b equal cd pattern And I don't know that's going to matter really right now for our for our discussion But let's see if I can grab this one There we go move on over here Yeah, it really didn't complete the a to b equal cd. But nonetheless prices. Whoops, sorry about that Price is testing a very key area of support that red oscillator and changeline and the bottom of his profile Now the bottom of the profile Is that the uh 43 79 level the oscillator and changeline is at 43 56 If price closes below 43 56 SNP This is likely going to head lower. In fact, it really should head lower The question would be where where's the next level of support on the daily timeframe I don't have it so that forces us to go take a look at the weekly time frame and then the weekly time frame the level of support would be 40 30 So we close below that daily oscillator and change on I'd say 40 31 or so would be in its sights out there It closed below that 3809 So that's what I see when I take a look at the charts here for sc That is c limited watch that 40 What did I say it was 43 79 ish type level out there and you close below that This is likely headed lower. So I hope that helps you out with regard to that trade. Let's go take a look at asc I believe that is for coda in the tiger's den That's just going from memory. I should have written it down and I forgot to but nonetheless asc is artemore shipping corporation And artemore shipping corporation is testing a key level of support that key level of support happens to be that green Oscillator and change line. No, I don't see this is populated too, right? I don't see a topping pattern that sticks out at me when I take a look at the daily time frame chart up here I don't see that what I do see though is price testing a key level of sport. That's at 1309 You're trading really at 1311 even though it says on my screen 1306 the price closed below 1309 today Then what you're likely to see is price to go target the bottom of its next support area and the next supporter would be 12 74 If I look at the weekly time frame chart looks like a good old-fashioned sideways consolidation What do you mean steve? Well, let's open up the chart. We open up the chart This is going to be an easy one to draw in here. Let's just move this over just a tad Let's get our rectangular tool out here. Let's pull that open and here we take a look at I don't want to do it. We'll do it about right about right here Let's make this the consolidation pattern the top. Oh, wow That's an interesting tool. Steve does use that tool and that was really not my intent But uh, my the tool I had planned on using was the rectangular tool. There we go So there's our rectangular box tool and there's your consolidation And so right now a key level on asc for the weekly time frame is that oscillator and change line if you close below it Which is at 1304 likely you're going to head back to the center of its profile Which at 1265 and you close below that you get all the way back to the bottom of that consolidation pattern So on the weekly basis good old fashion consolidation on a daily basis Price testing key levels of support that would suggest a move at least down to the 12 74 area out there So that's what I see when I take a look at asc That was for coda inside the tiger's den now coda. I also know you wanted to take a look at natural gas out here So let's get the december contract up at least for the daily weekly and monthly time frames Monthly is not going to really show us much and then during the break I'll try to pull open. I will pull open the other equity future the other natural gas future contract out here But here we take a look at december it's trading into the swing point from october 3rd They close today below 3.3 27 should lead to a run to 3.216 See roads with tfn or great 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'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 tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. After all it's impossible to predict the future, right? 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That says it closed below 3.2 16 When negate that signal out there. So you want to watch that on the daily time frame Daily time frame no bottom signal. You're only in bar number seven right now prices inside that swing point from october 3rd Just like we talked about earlier 3.216 is the likely destination on a 30 minute basis Roadsmen to indicator signal consolidation within side the profile 3.252 at support 3.289 as resistance No other bottom signals on the 60 minute Nor the 2 120 the 240 does have a td9 account bottom That is going to complete as we get into the 2 p.m Time frame that then should take price up to its asset or change line currently printed about three dollars and 32 cents No bottom signal on the five-hour time frame chart. So that's the natural gas update out there with a minute to go Let's go back and just simply take a look at Let's change my screen out here. Let's go back to my market update screen Just say give us a a good view overview of what's going on in many markets out there So for example in the upper left hand side es mini we know at the es mini Was targeting the profile level was at 4255 I believe and so far that has held We take a look at the nq. It has also held the key levels port the bottom of its profile That's at the 14677 level us dollar index isn't doing a whole lot. It's just really trading sideways not doing much So it's not having an impact on the market The gold contract completes its td9 count top today Silver is negating its td9 count top from two days ago and it will negate it with a close above 2349 Lights we crew wants to target 91 and a quarter natural gas We talked about wanting to get back to 321 and that 30 year treasury. Look out folks China's a seller There'll be a seller today seller tomorrow and there'll be a seller until we have war with them Folks have a fantastic friday fabulous weekend. I'll look forward to seeing you on marvelous magnificent monday. Be safe out there