 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 afternoon folks. Welcome to the July 12th, the wonderful Wednesday edition of today's Traders Zend 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 Yeah, let's make sure we have an extraordinary one of the easiest way to do that So always remember that life is happening for us not to us That's right. We do not make that one little two-by-four ship Well means we can find the gift in every set of circumstance that life is going to toss at us now today Iers and sellers are communicating to you and I just passed one o'clock in the afternoon I want you know, I'm absolutely grateful for your presence here, but more important than that That's this during this next 16 minutes I'm here to serve you so feel free to pick up that phone You can dial on it at 877-927-6648 if you can't dial and we've got you covered there, too You can go ahead and send me an email send it to Steve at tfnn.com and inside the subject Hating, please put radio show question. Of course in our Tigers said well any and every ping We'll do so let's go ahead and get this show started on wonderful Wednesday. Of course This is tiger financial news network. I'm Steve Rhodes. Welcome to less show most us and sees traded the upside the ones that are not well The downside the Dow is up to 10th percent, which is 82 points the S&P four tenths 18 points and six tenths for the Nasdaq That would be 97 point Arunis. So what are these markets doing out here? Well? Let's go take a look at our daily equity future contract and begin with we'll start with this view Make sure we get the right screen. Yep We've got it the daily view out here and as we take a look at it. We can see that what's transpired so far today For all four of these No, the NQ has been close not a cigar, but really darn close close enough for my work But prices made its way to the first level of resistance now may be the final level of resistance I that's what we're trying to interpret here trying to get that message So it's the oscillator and change line 47 35 inside the ES mini Inside the YM that number right now is read out at 36 to 68 Inside the NQ it's up at the 16,000 level the exact number is going to be 16 021 and inside the Russell 2000 the level out here is 21 94 so We're up at a level where this could be The area where the market begins to turn back down of course if that's going to happen We should begin to see key levels of support fail So how do we what our key levels of support excellent question key levels of support can either be market profiles or Certainly it can be the TD9 count breakout levels So here as we take a look at the 30 minute chart We saw the markets move higher and then move lower that began at about the 11 o'clock time frame 11 30 out here So 11 11 30 and what we saw the ES mini that's your upper left hand panel We see that price all price did was it pulled back to test and reject its breakout level 4706 even Steven in the case of the NQ it's pulled back was nothing more than to the bottom of its daily profile So here are two levels of support that we have oh the mic wasn't on that's a bummer So got two levels of support out here the Dow equity future contract that also pulled back to test its breakout level of support 36 141 and they're also never made its way all the way down there 21 51 So from a 30 minute standpoint, which is really about the short frame that you would want to use out here The key levels of support have held so even though so so the pullback is normal or natural right you get up to resistance It says okay. I might need to build some energy. Maybe I'm gonna fail at this stage here. We cannot call it a failure I will not call it a failure based upon the way that these 30 minute charts have traded So we've got a caller on the line. It's Garo in California girl. Thanks for calling. Thanks for holding How are you today? Good and you sir I am doing very well better though having here to heard your voice now So i'm going to try to pull up your chart here. Let me get with all your different tools on there But why don't you tell the folks what you're calling about and how I can best help you? I'm calling regarding rblx And uh the daily chart uh today It hit the upper dot and the dot went down. I mean three days ago. It gave me a very good candle I liked the three days previous candle to but I didn't buy it. I waited for that Show that I want to see that confirmation that the Candle hits the upper dot and the dot moves down I want to know that if if you agree with that that is the bottom Or not the weekly chart is very bad But the 120 minute is bull the 60 minute is going to be bull very close If you see that candle is very close to 50 day sma At 89 dollars and 50 cents. This is going to be a breakout from there. It's going to rally The 30 minute and so forth everything is bull Except I want to know that if according to your charting. Is this the bottom or still there is some Bleed bleeding is going to go on. It's going to pull back again to 85 dollars Sure. Okay. So uh the the first question that garros asking me is in essence Do I see a bottom pattern out here and the answer is I do And that occurred on january 10th So two days ago and the reason why I say that that occurred is there was an a to b equal cd to the downside Price made its way to the 1.272 expansion of that c to d leg So the one to one would have been 88 60 1 to 1.272 would have been a price projection of about 78 43 The actual low was 7902 now. The reason why I say that that is a bottom It's because there was a bullish reversal candle. That was the hammer candle that formed on that day Then yesterday the very next trading session garo There was a bullish structured profile that formed price was already above the center of that profile My experience is that when you can take out the center of a bullish structured profile Price should make a run for the top of that profile in the case here for roblox The daily profile level is up at 94 42 On my system, which I know is slightly different than yours. My dot is at 95 21 So I would say that based upon what I'm looking at it does appear that roblox is least going to make a run For your dot and the top of the daily profile any questions about that daily chart that we're looking at No, that that's fine. That that's absolutely I can see that that the number that you're giving me mine is 96 dollars It's not is not 95 21 and that is the 21 day simple moving average on the daily Yeah, I see that as well. It's very close by How far do you think this is going to go higher? Is this going to hit 105 dollars at the 50 day sma at the daily or it's going to roll down at 21 Day at 95 20 Excellent excellent question. So the first thing that I would say just back to the daily time frame chart Is your next battle is going to be at a oscillator and change line that currently is printing at 92 61 cents So before you get up to that top of that profile of price can clear that level That's a positive for you on the weekly chart as I pull this over out here Not a ton of data your specific question is can price get up to that level? So I have to rely upon the daily and Garo, I would say this if price can close up of 94 42 Then that 105 to 110 level he were about to go to a break I do be a favorite just hold on through this I want to make sure I've answered all your questions for roadblocks and anything else that you'd like This is Steve Rhodes with Garo in california. We'll both be right back 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 What's separating you from the most successful men and women on wall street? 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You were born to be tfnn educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. We're taking a look at ticker symbol rblx. That's a roll blocks corporation out here You know garrow and looking at this through the break This could be really a significant bottom that had formed out here So price was also able to pull back into this real breakout level wide-ranging Bar uh accelerating volume back in the day of november the ninth So it does look like this has the potential to be a longer term play But again as i'd mentioned to you now just if we take this one step at a time We see that prices inside a bullish structure daily profile prices above the center That says we should get up to the top area Before we get to that top 94 42 There is going to be a little bit of a road block so to speak and that's at the oscillator and chains on it's not showing On the black background charts right now, but that's at about 92 64 If price can close above that and then close above the top of the daily profile that also get to your Parabolic sard dot out there then the next level of resistance is probably 98 50 And I know you asked me can it get to the hundred level the 98 50 area is the bottom of its Bowler structured weekly profile So just taking this you know one step at a time that would then be the next level of resistance If price can get above that And it should because even if this were just a counter trend move If price gets above 98 50 with that really suggests that we should get up to 1 12 87 So those would be the so that's how I get to the answer of your question Yes, it can absolutely get there Yeah, I think you've got a real nice Gertley buy pattern that is set up here And nothing of significance on the weekly chart from a pattern standpoint other than pulling back in that wide ranging bar And likely doing with much lighter volume than was on that trading week of november the 8th out there So those would be the steps around that I would be looking at but it sure looks like it has that real potential Does that make sense? Yes, sir. Yes, sir. Yes, 98 50. I have it minus 98 64 I love the 60 minute 200 day Exponential You're right. It's going to have a stop there It may pull back a little bit But that has to cross that 98 64 and then probably it's going to go up to 100 and 104 that I can see is a 200 day simple moving average But after that I'm going to I'm going to get get out of it. Would you buy it at this price right now? At 89 or five would you buy here? I would not and it's a great question And and the and the reason is I have the 30 minute time frame chart on our screen right now And price is right up near really two resistance levels. The one that I'm most interested in is at 91 17 So 91 17 on a 30 minute basis where price broke down And so if price can clear so I hate to buy resistance and we're pretty close to it, you know 89 and change versus 91 17 so Because that's an area where I could see price stop and then pull back So that's how I would answer that question right now and that's based upon this resistance level now My my oscillator and change line is going to be different when I switch to a different time frame here because it's set for a 30 minute bar I'm just looking at the 60 minute just to see if there was any other piece of information There's not for me. So I just go back to the 30 minute time frame and it may be a good place to buy But it's so close to that resistance I I hesitate to say yes Yes, exactly very good. Thank you sir. Thank you so much. Thank you. You're welcome. You you bet You're always good to hear from me. That was garo in in california or I believe he's in california today So we've got some other questions that have come in one inside the tiger's den from tarpon To and tarpon wants to take a look at ticker symbol i n ve So let me get back to my three time frame charts out here. We'll get that up on our screen i n ve Yep, that's correct. And you say i'd be for a long So let me get uh that going also i n ve on our white background charts I'm going to try to do that. So as we take a look at this What do we know so prices below the bottom of its daily profiles back to an area where it has Had support in the past looks like a little bit of a base that began building back in uh, november now The swing point that it uh, it was testing really as as I look at this set of charts right here It's from november 29th. There was 119 000 shares This thing was falling back with 366 as was testing that area on november the 10th But that same swing point which had volume of 119 000 shares was tested and rejected Well, it's still with volume yesterday and uh today might be so No, uh, boy, it's got volume as this thing moves down So price did find support tarpon at the top of its weekly profile 2043 I think you and I really need to go take a look at my white background charts to get a better view of what uh, I Identive ink is doing out here. So you're trying to find a long position And we'd certainly love to see some type of pattern and we don't have it So it looks like today is actually going to form bar number nine of a TD nine count But it's bar number seven. That's the low. So for me, that's not a valid TD nine count bottom Doesn't mean that it hasn't bottom. It's just not a valid bottom for that pattern Now if tomorrow you got a spike below the hammer candle from two days ago Then you would have a TD nine count bottom and I'd say okay Now is there an a to b equal cd to the downside? And the answer is yeah, I I see one it'd have to you have to do it like this So i'm just going to do this from the white background chart. So oh that doesn't mean to do that That's for sure. I meant to hit the function key. There we go. So i'm going to draw the a to b level So that would be up to uh up to this bar Let's label number five and then there's a slightly higher high on the trading the next trading session out there And that's what i'm going to use for my c point. We can see that it's made the one to one a to b equal cd So you do have a garly by pattern that was taking place at this breakout level of support with this gap to the upside way back here In the november time frame out there. So if you're asking me, do we have a valid bottoming pattern? We do Absolutely got the a to b equal cd pattern. So what does that mean? well right now with price below the bottom of its daily profiles where price should target if it's Doesn't matter as a counter trend or not. It could just be a counter trend move But where price should target out here tarpon is at the 25 22 ish type level That's the oscillator and changeline as we speak. So that's a daily time frame chart What's the weekly chart tells? Well on the weekly chart We did notice that price held support which was the top of that profile out there It has a valid rose meant to indicate her top But with a valid gertly by pattern on the daily and price holding support Which in this case here was the top of its profile. That would suggest moved to 24 74 So your battlegrounds the upside are going to be 24 74 and about 25 22 Above that you'd be looking at 26 43. How about a 30 minute chart out here? So we take a look at the 30 minute time frame chart for this symbol And this is kind of like what I was suggesting with gar when he asked the question Hey was now a time to get into the instrument that he Roblox out there and I said, yeah, we're so close to this 30 minute TD 9 count breakdown level I really hesitate to suggest anybody buy that. Well here we can see that price got up in that area This was back at about 2 o'clock in the afternoon yesterday But really never has been able to you know do much more than just get slightly above that level and then Boom, it's pulled back out here. So do we have any kind of bottoming signal? No, but you're just pulling back into a prior swing point on a 30 minute basis Maybe you go take a look at the volume on that, you know for some type of metric But you've got the bad you got the bottom you have price moving up to resistance now pulling back I don't know if it's going to set up an a to b equal cd to the downside But if you're looking for an entry point, I'd be more inclined to say now I would be a time for you to take a look at this But you've got the valid bottom Think you've got everything that you need out here Don't know what's going to happen in the battlegrounds up above But that's where price is headed to so I do hope that that helps you out Tarpen to inside the tiger's den Of course, this is Steve roge with tfnn and we'll be back just a few moments Fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn and host live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk free with our 30 day money back guarantee And become part of the tfnn trading community tfnn educating investors You could be making money off the stock market And if you're already making money off the stock market, you could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures Currencies or options you'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30 day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor. 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We're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 So we'll take like charts here for dr. Copper and we can see that this is uh breaking out today It's breaking out above the top of its daily profile And so the question is where is it headed to you can see a nice consolidation pattern on the two bottom charts out there So the next level of where I probably should find resistance is at $4.71 And if we can see you close above that boy, then we're talking about 550 plus out there now The reason I bring up dr. Copper is because this next question comes in from david h in tom ball, texas And david wants to take a look at southern copper out there. So I wanted to get that Out of the way and take a look what the equity future or what the contract not the equity future But what the futures contract is doing and now let's get back to uh, southern copper having a big day Nice explosive day here trained out at 69 36 So david's question goes like this. Please take a look at southern copper and copper futures. Oh, okay Well, we just did that As southern copper jumped the creek a southern copper headed back to the october 2021 high Volume high in the $83 and 29 cent area. So with regard to battlegrounds out here Your next battleground from a profile standpoint david is going to be at 79 16 That is the top of the monthly profile So at this stage here by being above the daily well above the daily nice wide ranging. Well Nice wide-ranging bar not exactly Gigantic accelerated volume or anything. So nothing big there But yeah, it does look but the next stop should be 79 16 Now, let's go take a look at our daily our other charts out here. I got daily weekly and monthly And on the daily chart today is going to become bar number seven of a td9 count That does say you could see a top or short term top form between tomorrow thursday Right between tomorrow and monday. So we just want to keep an eye on that the next level of resistance out here as this td9 count Pattern is forming. It's at 70 91. So that's really your next battleground 70 91. You're at 69 43 Now if price closes, uh, if we get a td9 count top right around that level You know, then we'd be expecting some type of retracement the area of retracement would be all the way down to its oscillator and change line I don't know where that will be in a couple days right now. It's presently at 63 88 Does this instrument respect its td9 counts? Well, we take a look at the last top out here Which was back in october of 2021 with some nice wide-ranging bars in a gap going up as bar number seven was completing The answer is yes, that went ahead and pulled back Uh, you got a td9 count bottom that form back here on november 3rd That led to a little bit of a rally out there You had a td9 count that formed out here on uh, january 4th And that turned out to be nothing more than a two day pullback out there Uh, but at least there was short term if we take a look at another bottom out here and that is on uh, jub 17 That was a td9 count bottom. So it does make sense out here Um, uh, david that we want to pay attention over the course of the next few days for the potential Of at least some type of top or short term top out there the weekly chart If you know that may not happen, uh, but you want to pay attention to If we take a look at the weekly timeframe chart, we don't see any kind of top out here And that would then get us back to the all-time highs or the the highs out here in the 85 dollar Range that's what the weekly chart is saying and the monthly chart is back to saying 79 16 So it's really the daily chart that's going to control things. It's not today's that uh, data that's important So to speak it's really going to be a Thursday friday and monday that will have to pay a close attention to a pattern a td9 count that May in fact form out they're going to get to a higher high tomorrow Friday or monday in order for that to happen out there. So hope that helps you out david. Thanks so much for writing in And uh, have a terrific day. Let's go out to brent in martinez, california brent. Thanks for calling. Thanks for holding How are you doing today? I'm doing great. Do you how are you today? Excellent pl tr planet here out here, uh, is what you're calling about I tell the folks what you're doing and how I can best help you I bought this on monday, of course in the market was all crashing down and everybody was You know jumping ship. I I saw this get down to A level, you know kind of start to come off of that level. I bought it, you know a little bit off the low By 1570 something like that I have my stop at that 1535 low I I bought it because of the pd counts and also the fact that it had better relative strength If it was making that low and I think you know the candle that it put in that day is pretty good on monday But I just want to get your thoughts on uh There's some levels to be watching it seems like having some trouble around 17 um But I just yeah look like that camera might have been the one after bar nine That one on monday and then on the weekly. I think we Might be in bar nine as well. So if you could take a look at that Sure Absolutely, so so we'll go with the longer term time frame first and that is the weekly chart that we have for palant here And you're absolutely right uh last week was bar nine. This is the bar following bar number nine So it's got that valid bottoming signal to go along with that We have a weekly oscillator and change line that change color went from green to red Folks when that changes color tells us about the price oscillator Which is the difference between the 19 and 39 period exponential moving average That's what stevie uses out here tells us that that line is at zero When that happens, we usually see a stalling in price. It's kind of like a death cross out there So whenever anybody tells you that there's a death cross Well, you should almost immediately do is think we're close to some type of bottom or at least market Cooling off at least for a period of time So when that changes colors though, what that tells us Brent is we should see price and that line catch up to each other So this is suggesting on a weekly basis. We should target 1998 What you do like to see Is when a weekly time frame generates some type of bottom signal that the daily is doing something similar And in fact two days ago that was really the the bottom signal that I have here Brent is a roads meant to Mindicator bottom price is moving lower doing less relative energy I get that bullish amber candle yesterday was a close back above the oscillator and change line Today was a pullback to retest that level which is red And um and where it's finding resistance is 1749 Which is the top of the daily profile that formed yesterday So that's your little battleground out here It does look like a bottom to me and if you can get above 1749 that's what then should give us a signal That price will go ahead and make its way up into that 1998 area if price can get above 1998 Now that number is going to change slightly as price moves up or down But we're using the number that's on our screen right now if price can get above that line Then that should take us up to 2330. That would be a battle level another battle area be 25 55 And then finally in the 27 11 it rains So that's what I see when I take a look at the daily and the weekly charts out here on a 30 minute basis Just curious here. So as the daily was forming a bottom the weekly had that td9 count the 30 minute chart Also formed a td9 count and rosement to indicator bottom That led to a td9 count top out here that really just took price sideways up until uh 10 o'clock this morning when price Moved higher closed just above that level. I don't have a real reason as to why price stopped where it did On the pullback at 11 30 this morning But everything here looks uh looks really good with regard to Palantir other than just dealing with the daily profile level Where the sellers reside and that's at 1749 and that's what they showed you today Does that help your rent? That does you very much so and and yeah, I uh He showed me how to follow the OUL on you know Daily weekly whatever the time frame is so Yes, that happens to be adjusting on a weekly I'll be watching that and yeah, if it can get through this first one And then that's yeah, eventually we can get up to that next level. We'll be watching that on the weekly See what happens there Yes And brent for any reason if price were to close below the daily asset or change on at 1661 That might mean it just pulls back to test the bottom that profile 1606 And that's the area that you'd love to hold so we're about to go to a breakout here brent Always good to hear if you move. Thanks so much for calling have a wonderful wednesday and we'll look forward to speaking to you again soon All right, do the same Steve. Thanks so much for your help you bet folks stay tuned. We'll be right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's seven two seven three two nine 83 22 call us today The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear ETFs Visit direction investments.com slash biotech 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 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, we got a couple of questions that have come in by email The first one coming in from uh lee b and lee wants to take a look at ticker symbol dnn That is denison minds corporation lee's question goes like this Can you give me a rundown on dnn? I'm looking to start a long-term hold. Thanks so much Absolutely. So as we take a look at the daily time frame chart, you know What I see out here is probably what you see to lee which is just a a bit of a sideways consolidation So far we're going to draw that sideways consolidation pattern in it would look something like uh this Out here at the top and the bottom. So you're just trading in that you want to take a long-term position here So before I even go look at the white background charts I would suggest that that long-term position would start somewhere around a buck 33 if price will get back there The buck 33 is the bottom of its bullish structured daily profile with price trading inside the consolidation You know that may not be the ultimate low out there, but that would be the price where I would be taking a look at We're in the middle of consolidation right now at a buck 46 or very close to the middle So and it could go price go either direction out here when you're in a consolidation So now would not be the time to step into it the nice thing about a buck 33 on the daily time frame is a buck Is the bottom of the weekly profile? So that becomes your target area to take a look at a long position Now if you want to get into it now, you're most certainly welcome to do that out here I don't know that price is going to pull back But let's go take a look at dnn for its daily and its weekly time Maybe take a look at an intraday chart. So on the daily What we have out here is uh, what a lot of gobbledygook Um is what we have and uh, but you do have a I would think it's Close to a confirmed a to b equal cd out here So if I were to draw then and it really pretty much looks like this I'm just going to use the a to b point to move this over to the c to d level Yeah, so you've really got and that was just a couple of day about last week We had a gap to the upside that was your signal or your bullish reversal candle So you've got that so one thing to consider is maybe price doesn't get 133 and instead maybe, you know, it's just the bottom It's the soscillator and change line, which is at 142 So you're kind of in the range out here. I don't know how long you've been looking at it But you've got the valid bottom on the daily chart. What about the weekly chart out here? We take a look at the weekly chart Um, you've got arrangement to indicator top wave number seven top pulls price right back to the bottom of its weekly profile That found support now. You have a new weekly profile form that is in between price So the bottom is above the bottom of top is below the top This is telling us the weekly chart is to expect more of a consolidation lead out here So you've got the weekly that says consolidation based on the profile of the daily We are drawing a consolidation pattern there. So I don't know if this is going to go a whole lot To either direction, but your buy areas are maybe between where you're at right now and down to the 133 level That's what I'd be looking at in ticker symbol dnn. So I hope that helps you out Thanks so much for writing in we got a caller underlined it is john in philly john. Thanks for calling Thanks for holding. How are you doing today? Steve, I'm doing very well sort of trouble you two days in a row, but I wanted to ask Does your charting and data service include bitcoin? It does Yes, then I'd like to ask you if you can share with us Where I did nothing number 25th until this morning I had observed that it was a low in september and monday's low were both 39,500 or so. So nice little double bottom. I don't know if it means anything So I'm buying because it's low risk without any particular regard to the probabilities that it rallies a bunch And I was hoping you could help me with that second question Resistance levels over which it must exceed and probabilities of rally that sort of thing Sure, so I'm not sure why my system is uh is acting slow right now It must be because of all the charts that I've got open on my screen I do have the january contract Right now that is in the upper left hand corner and the only thing that's missing here are the profile levels I've tried to start my white background charts And and they're starting up but full disclosure. I I myself have never traded any of the digital currencies That wasn't till two days ago when I took a long position inside of bitcoin So here took one. I took one. I took a long position inside of bitcoin because it confirmed a gartley by pattern It did it when it generated this hammer candle back on january 10th And then we had some additional follow through uh yesterday to the upside So I started my long position inside of bitcoin yesterday morning I think it was pretty much near the open of the trade out there. So so i'm long I'm just looking uh looking for these white background charts to that doesn't mean anything But I did know I do want to give full disclosure out there as well that way in case somebody thinks I'm trying to Uh, you know, you know in any event just just like to put that out there. So I don't know why this is so I'm gonna have to open up my newsletter Sorry, john if you it's just uh to be cumbersome out here Usually I don't have this issue But I believe in the newsletter. I'll be able to go back and open that up and be able to tell you answer your question Where is that resistance level because there is a resistance level That it is uh dealing with so give me a moment here to go find that chart. I've got this open now And uh bitcoin is at I'm gonna have to blow this up here Uh, uh, you don't have to do it right there. Let me try to do it here And oh, I've got to go to that view thing So john my eyes kind of fail me a little bit in the uh older The the older I get out here let alone. I've got a couple of problems that I have to deal with but You are really chuckling uh, it's to myself Sounds like uh, you and I both are afflicted by something similar. I don't know what that is, but All right, the answer to your question now is going to be 44080 and that is the top of the Profile for the uh, january contract. Uh, we should roll over to february here shortly So if price can close above 44080 Then uh, then we have a game. So there were really two patterns that form There are two patterns that form that got me into bitcoin One was the buy the d-point or the garly buy pattern. The other was the td9 count So whenever you get two patterns that come together now people can see this was the bar following bar number nine Out there. That's what took me and subscribers into this position. Now what we like about today's action And we'd love to see this continue to stay above 42 900 That is the oscillator and change line, which is red. So a close above this 44080 level should then Take us up to 51 270 and 51 270 is the td9 breakdown level for the january contract So john any questions about this chart or the information that i've provided to you so far? Uh, no, that's very helpful. I thank you and uh, yeah full disclosure steve I'm not your newsletter client Yes, and I haven't talked to any of your clients nor have I talked to you that you uh Took a position for the first time on tuesday morning. That is just a while that uh Something's going on here. It's kind of funky Well, hey, you know what? It's a pattern. It's a pattern that's out there. It's a good one and it's got potential It's going to have a lot more potential if we can get about 44080 out there So, uh, hey, I like the fact that you're in on this trade too. So, uh, thanks for calling. Is there anything else? Thank you, steve. Appreciate your help Okay, you bet that was john in uh, philly we get back to this break to close out the show I believe there is at least one more question that has come in and that is from uh, eddie in uh, boko Maybe there's two out here. So I'll look at these through the break. 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So, uh, we've got a couple questions here first one from my gary wants to take a look at the ticker symbol stne stone company limited looking for a buy point out here So we can see that this instrument here has just been consolidating Accumulation looks like going on along the bottom out here We'll go see if it actually made a bottom price just consolidating with inside its profiles out here So let's go see if we've got where did that go? Oh, I couldn't I don't believe it. It's not there Little son of gun stne. What was I thinking out here? So let me get this going. Oh geez. I did it for the wrong The wrong template So you're looking for a buy point. So while I'm waiting for this thing to populate gary It's in trading inside a bare structure profile price doesn't close above 1804. Maybe it pulls back to 1602 So I'd say 1602 would be one of the levels that you would look at for a stone stne Of course, we'd like to see some type of bottoming signal for the daily weekly and monthly time frame Now this is testing a monthly swing point from back in 2018. There was 26 million shares But it really came into that thing very hot So you won't get a confirmation on a monthly base of a test and rejection of a swing point Perhaps until this month out here as I take a look at the daily time frame chart. What does db have? It looks to me like we have a valid TD9 count bottom. That's led to a consolidation sideways So I'd use that lower range That's 1602 as the area to consider taking a long position I don't have any kind of a I take that back the weekly has got a buy the d-point that formed about Five six weeks ago with that bullish engulfing candle that is still held out there So yeah, I'd say now would be the time wait for that pullback on that daily time frame But you know you're basically in the range of where you'd want to begin starting a position out there So I hope that helps you out and lastly Eddie wanted to take a look at apple So i'm going to pull over the apple chart out here It does look like to me that apple wants to make a run for either 178 87 or 181 46 out there Because then it's in a bullish structure profile. It's above the center We typically see price make its way up to at least the top of that profile So I think with regard to the nq and the way that apple is trading I don't think it's ready for prime time to be shorted that might be different when apple gets 178 or 181 Folks stay tuned your favorite polar bear david whites up next i'll see you tomorrow on terrific thursday