August 28th Trade What You See with Larry Pesavento on TFNN - 2026

You know better, you invest better. Join us and experience the difference today. TFN, educating investors. The following is a presentation of TFN. Trade what you see with Larry Pezventto. Call now toll-free at 1877-927-6648 or internationally at 7278737618. Now Larry Pesventto. Okay folks, this is the gold market. Uh we talked about the last couple weeks. This is the last two weeks action. You notice here when we broke this 382 that changed the trend. As you can see this morning, we had a 382 retracement with an ABCD right here. It was very fast. You had to have your order sitting in there. If you did, and if it did, it had a pretty big move. That's $170 in gold here very, very quickly. And you can see, move this over right now. And you can see we're almost at an exact, let's just draw this in so you folks can see it from the last low way back here in August. Uh we're almost at the exact 61% a 382 retracement here at 4510. That's down $240 from the high. Okay. Now, we got a lot of things happening in the market, folks. And it was a, you know, very emotional day for a lot of reasons, but this was one we've had a sell on. You can see this is a big big thing moving in the wheat. We were selling wheat at 782. Our stop is 7 uh 92. Right now it's trading at 784. That's a completed ABCD in the uh in the wheat market. So your stock would be right above here. Okay. All right. And also if you remember we covered the position in the Japanese yen and you can see why the Japanese yen is moving quite high. Uh that was a real there. You can see where we are. See there there was your first reason that that it was going to be uh probably a losing trade but it wasn't a losing trade. We we we sold it, if you'll remember, we sold it right there and No, no, no, no. We sold it right there. And then what we did is we held it through that and then get a little bit of a profit. But uh once it broke above here after all those days and having this that told us it was going to go a lot higher and as you can see it has certainly completed that larger pattern right up in here as we're looking at it pretty much here today. Okay, just wanted to show you what we were trying to do as we were going through some of these. I think the most interesting one today from a uh what do you call it? Uh support and resistance and we we we spent a lot of time on the video last night. Uh and just to show you, well, of course, we didn't know what was going to happen with the Fed. Let's get the we'll get crude oil out of the way here. Doesn't mean much right now. as we look at the uh Dow Jones which is you know it's been reported all the time all it did folks and this is what we said what if it I said if it gets above 5390 it's probably wrong but there was your first 382 retracement there okay now what we've done now is we made a 50% retracement and not only that not only that folks it's taken quite a while it's taken about 5 days to do that and all that is is a 50% retracement with an ABCD. You went out here early this morning and hit the stops and you've already dropped from uh 39. You've already dropped 300 D points. Now, if we get below here, if we get below here today, folks, see that 382 right here? That only has to get below here. Play pay, you listen to me, boys and girls. I got a lot lot of experience. I've been through these wars a lot of time. If you take this low out right here, it's equivalent of taking these lows out. Okay? Because you see how it took 5 days to do that and then break and if this breaks on if this closes below 53 write this number down we'll so we'll talk about it Monday to see how off far off I might have been 53 53,400 if we close below there that's 120 points in the Dow from where we are right now you want to be short okay we close below that level right there okay there are a lot of reasons for it but that would be the one you know Everybody that's bought this thing, you know, since early August is still underwater unless they bought it down here and very few people did that. So anyway, keep a keep a close eye on that number right there at 5340. The next one we want to look at the NASDAQ. You do want to talk about uh perfection. I have to show you this because I think you'll really like this one. Well, I like them all, but what do I know? Okay, we want to do this with the early morning when we had this. I want you to see this number, folks. Let's get up here and do the hourly chart cuz that's what we were watching. There was your exact L to the ticko of the high right back here exactly to the tick at 29,820. Okay. And uh you can see we've come down 300 and almost 400 handles and starting to move down. The same thing if we close below this level down in here on Friday, you want to be short because something wicked is coming our way and we don't want to be on the wrong side of it. But hit the exact number and we broke down pretty hard. All right. Now, let's let's let's look at one really really tell the story. Okay. here has been the bullish most bullish of all over the past uh oh four or five weeks I guess you could say easily because there's the let's get this up here there is the uh picture of the uh this has been the the strongest this is the second week down if we look at this on the hourly chart we talked about this a few days ago the fact that it could not even make a 382 retracement that's all it was doing okay This was the one that was there's your 382 retracement. It hit it once, hit it once again. Uh yeah, late last night. It tried to do it today and then it broke. And not only that, it's breaking while the rest of the markets are rallying. Now, I wanted to show you that's one of the things in Jesse Livermore's books, he talks about, you know, be like the leopard, find the the wounded animal, and because it's weak, it's a wounded animal. So, if you went down and looked at this on an 8-minute chart, you would be able to see the 382 retracement right there. There it is right there. Went up there and stayed there for uh just about a half an hour and then down it went. And let's just see if how it's going since that time for the rest of the day. That would have meant that the ABCD on this one would have been right about there. Okay, that means the next retracement shouldn't be any more than 32. So, we're going to double check that one. There's your high right here. Excuse me, folks. There's your 38. It didn't make it there, but we haven't made a new low yet either. So, we could easily get back up into to this level. So, anyway, I don't know what he said, but uh uh even if you even if I knew what he said, I probably wouldn't be able to understand it. I understand ABCD is about all I understand, but that's good enough for what we're doing here today. If you looked at any of these things that you're watching today, the ABCD was just right there helping you along way. Even the S&P here, folks, look at this. I had several people say, "Wow, how can it do that?" There it is right there. There's a B CD. See that higher high. So, you just know that that's it. There's your low. There's your high. Bada bing, bada boom. Not a bad thing to know, right? From 85 to 20, that's 60 handles. And you see there's no 382 rally in here. We did get one in the Russell, but we did not get one in this one right here. The same token. Now, let's look at this on the 4our chart to see if we can make some sense out of it. We went up. We didn't make a 786. Now, we made the 618 in the uh NASDAQ, but this didn't make it. Okay, we'll be back. 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 TFN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text, either. TFN airs live financial content streamed live on TFN.com and TFN's YouTube channel with Tiger TV live every day from 8:30 a.m. to 400 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 TFN's YouTube channel and become the investor you were born to be. TFN, educating investors. Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman wave trading methodology, has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving his insights into key indices, selective stocks, and more. Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification. All firsttime subscribers receive a 30-day money back guarantee. So, ignore the pop trading influencers and start learning time- tested technical analysis. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets. TFN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money back guarantee. Just visit the newsletters tab on the front page of tfn.com. TFN, educating investors. Okay, folks. I want to spend a little more time here on these bonds and notes because it's really really important. I've been trading bonds since they started trading back in 1976. And uh it been one of my favorites. It was Mark's Mark Douglas's favorite. But uh we are at a real critical level. We're getting ready to take out the lows of July. And as you can see, if you go back here, you'll see that we'll be way below the low. You see how we're coming down. The problem is this, folks, and I'll point it out to you again. This is the monthly chart. All right. Now, here back here, remember 6 years ago, they were telling us this wonderful story about quantitative easing. That's when the bonds were trading at 182. Now, we're breaking down from this level. Now, folks, remember when bonds started trading, they they came on the board at 56. That means you could buy a $100,000 bond for $56,000. That was including your interest because interest rates were around 12%. Okay, that was an absolute no-brainer. I mean, you're buying government that and not only that, you could have bought AAA municipal bonds tax-free in California at 14%. The problem is they were callable. So three years, you had three years of that and then they were called back. But uh if we start breaking and remember we've been here now for several years. This is a triangle that these dudes have already seen this. Wait till we start if we start getting down below here. We could be looking at something, you know, in the neighborhood of what happened in 1982, you know, when interest rates went to 13 or 14%. And and why? If you look at the when you when you get a chance tonight, fill out pull out one of your bills and you'll see that it says on the top up there in God we trust. And let me tell you, if uh these people don't start trusting the US Treasury bonds, remember the biggest buyer of Treasury bonds is not China. They've been long gone with that. That was several years ago. Now it's Japan. And Japan's got a big problem because, you know, they've been putting holding up their stock market for a long long time. But let's let's just let's think about that for just a second here, folks. Hold on just a minute. Let me just show you what I cuz I remember this so vividly. I just couldn't remember. Here we here's where we are. This is it right here. Okay. Now, I want you to see here's what this is what's so important. Okay. All right. Now, you see the high in the stock market here was 72,000. Okay. I want you to go all the way back to 19. I don't think it'll do that here, but no, maybe it will. No, it Well, no, it won't go back that far. Anyway, back in 1989, no, they didn't not enough data. That's 30ome years. In 1989 on Christmas Eve, the Nikkay Dow hit 39,900 on Christmas Eve. Okay? Now, you remember went from 39,000 all the way down to 7,000 when it bottomed 02. And then from O2, it went up and made a new high at 72,000, 73,000. Now, stop and think, folks. In our stock market, we went up 10 times. This didn't even double. So, it's been much, much weaker. It's been a bull market. No question about it. But stop and think. Our old high back here was at 40,000. You came down to seven and you came back up here. It's been much weaker on a on a longer term basis. So, that's why, you know, I think it's so important to realize that. uh and you know the Japanese government buys most of the stocks to put them in the in retirement for the old people because Japan their birth rate is it's not minus but it's not high and so that the more people come in for entitlements and stuff it makes it more and more harder to do it so they print money that's why the yen's been so darn weak so we thought it was going to strengthen but it didn't strengthen for very long and now it could be going back the other way please if you get any chance at all listen to to the read the letter this this weekend because ton uh John's asked to write it again because we're at such a critical level and all these things. He was going to try to explain it to us. You know what he said? So far he's been absolutely correct. Uh you know he's he thinks that this yen trade which now trading at 161 is probably going to go to 200. Folks, if that goes to 200, we got big problems because that means that they're going to hammer the the all the other currencies in the world, which is okay because remember, we're short the British pound. Look at this. This British pound is working really nicely now. Oh, this the weekly. Let's get the daily up here. See, where look right now 5 days now in the British pound. There was a perfect A B CD. It now has uh almost uh $900. No, a little more than that. Yeah. Let me see. Yeah. No, it has $1,100 profit in almost right now. So, we're going to find out if it's going to continue going. We got our stop above here. That's the perfect ABCD. So, that's what we're seeing if it's going to work or not. But that's all we're doing. There's a lot of ABCDs everywhere, folks, and a lot of Fibonacci today. And that's why when you look at these markets and see what they're doing, it gets pretty pretty exciting. Let's take a look at how our semiconductor is doing. It's started to turn down now. Folks, stop and think. The semiconductors coming down. Someone tell me that we haven't seen the most bullish news in the whole world in that stuff. I mean, it's incredible. They do it every day. This just hammering, hammering it, hammering it. Now, let's look at something over here. Let's take a look and we're going to come back here. We're going to look at Nvidia here for a second. People are talking about it. It is the greatest country company in the world. Hold. I want to show you what happened. Here's Nvidia right now. We'll get the daily up. Did we make a new high yet today? No. Now, you can see we reversed yesterday's high by about $12. Okay. All right. But on this day, yesterday, Nvidia had the second largest increase in the stock in one day, folks, write this down. In one day, it increased $450 billion in one day. Now, it's, you know, given that back today, but that's it. And it's in second place. Do you want to know what's in first place? The best stock to own over the last 40 years is none other than Bill Gates and Softy himself. We'll get this up here and see it. Each share, if you'd have bought this back in uh 82 when it came out, each share, if you paid a dollar for it, which was came out at 17, you won't believe it. Each share is worth $186,000 each share because it's split so many times. Now, here, let me get back here. We'll show you. Here's there's this where we're looking at. Now, I want to show you here. Let me get the weekly up so you'll be able to see it. Okay. Okay. Let's get that over. It's a little bit higher. Yeah. Right up here. There it was. This year, right there at this level right here. That was the biggest increase in dollar value of any on any on any particular day was either this day or that way. I think it's this one right here. That's when it made 455 billion. So, it was 5 million more. And so, it still holds a number one spot and it looking pretty good today. Let's look at the daily and see how we're doing here. Yeah, we're making a new high and stick with the uh fact is it's uh it's holding up pretty well actually cuz the others are, you know, getting whacked. We got all these when you get gaps in the darn thing. So anyway, I'm just bringing that to your attention to try to bring it together and think about how it is related to money and stuff like that. So John's going to cover a lot of that and it'll make a lot easier for us to look at it as we go through here. We're going to couple we're going to cover the uh uh couple other currencies uh after we get back and also I want to talk a little bit about the uh the wheat trade and then we'll uh see what else we've got going here. Again, I apologize for missing today, but there's no way I could have done 4 hours, 3 hours. If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called Forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the Forex market. This is what sets Teddy Kexacs, the Tiger Forex Report off the riff raft. Every Monday, former Chicago Merkantile Exchange member and author Teddy Kekstat releases his Tiger Forex Report newsletter where he dives into the complex world of Forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of Forex trading. Furthermore, all subscribers receive access to archived live streams of Teddy's where he provides university level education to help you in Forex trading. All first-time subscribers receive a 30-day money back guarantee. So, what are you waiting for? Forex awaits. In the world of trading, only a few names stand out like Larry Pesventto, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247, Larry Pesvento's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets. With updates throughout the week, exclusively for subscribers, whether through charts or videos, Larry's Analysis is your road map to navigating the markets. You can sign up now at tfnn.com for just $97. And with all TFN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci 24/7 right under the newsletters tab. >> Are you ready to take charge of your financial future? TFN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFN, we're so confident in the value we provide that we offer a 30-day money back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk. So why wait? 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. TFN, educating investors. This portion of Trade What You See is brought to you by Direction's daily leveraged and inverse ETFs. Whether you're a bull or a bear, you choose the direction. Visit direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus available at direction.com. Read carefully. ALPS Distributors, Inc. Okay, folks. Here's a daily chart on wheat. I had several people ask me, "Aren't you afraid to sell in a market that's going straight up like that?" Folks, I have no fear because I look at this right here, this ABCD and the other behind it, ABCD, and all I know is it works better than 65% of the time. Now, those of you, some of you are my students, many of you are not. But if you've ever sat here side by side and trade with me, you know what I do when I put a trade on, you know, the first thing I do is I stop watching it. looking at your looking at your equity while you're doing that is really really not the right thing to do. Okay? It's it's not a good thing actually. So any that's all I do. I I look I look at the numbers and I don't I you know I've got a lot of degrees you know don't make any difference about that stuff. I don't know I couldn't understand Greenspan but nobody can understand him. This guy is legible and he just says I'm not sure what's going to happen next you know. So anyway that's all I look at. I don't watch the fundamentals. I don't believe in the well fundamentals make the market move. But you know the the one thing it does it they can't hide from you folks. They can lie to you. They can cheat to you and they can give you all the information they want. But they can't lie. If prices are going higher, there's more buyers. If prices are going lower, there's more sellers. That's all there is to it. You don't have to know any more anything more than that actually. So that's why it works. But it doesn't work all the time. You know, there's little tiny ones in here, they work, too, but they don't work all the time. You got to figure, you know, 60 65%. Show me a golfer that wins 60% of the tournaments, you know, or a baseball player that hit 600. Hell, the greatest the greatest hit hitter ever was Tai Cobin. He just barely hit, I think, 378. And next was Ted Williams, and he was about about the same. So, you know, hit 382, you still do pretty good. ABCDs work, but they don't work all the time. That's the key to what we're looking at. Now, I just happened before the market uh for we had the break, I pulled up the live cattle because we were trying to buy live cattle down here this week at this level. You could see we just missed it. Now, yesterday we had the pullback right here. Looks like it was exactly at the 786. Let's go to the hourly chart. Uh this is the hourly chart, Larry. So, pay attention since you've got it up here. This pullback should have been blow it up just a little bit. I like trading cattle because the funds trade cattle a lot and it trades quite nicely. You can see we went a little below the 61. Now we had really strong here today. Now if we have a really strong market, what do we look for? The first thing on a strong market, we look for the 382. So we're going to go to a 4-minute chart. And here's where we are today. This is a this is Friday. Oh, it's on the downside. Yeah, cuz Friday had it dropped uh quite a bit to the downside. Yeah, it's just now coming back. So, that might be a 382 sale. Shut the front door and raise the rent. Let's just double check. Well, it's actually uh hit the 50%, but that's that's a uh that's a bonafide sale. Well, there's the buy right here today. If you'd have looked at yesterday and today, that would have been an easy buy cuz there's your ABCD again coming down into that uh that one right here. And then you got the second one right behind it right there. It looks like it's exact. Well, not quite. Then we have a little bit of a rally here. 11. Well, it's a just a dollar rally. It's not a big deal, but here's a here's one where the market gaps up and just continues to go higher. So, just look for these. So, no matter what you're trading, let's go take a quick look at the corn market cuz remember we we got tagged in the corn this week for uh $30 and some dollars. Let's get this daily up. I think it hit 540 if I'm not mistaken. Heck uh almost. Wow, look at this. There's the gap. Yeah, it did hit uh 541. 541 in corn, folks. That hasn't been a high since uh you can see now here's one. Well, the reason is this is the wrong contract. It it doesn't have see how see how it marks here U which is September and here they mark it in December. They don't change it until over the weekend. So what I do is I build my own corn chart and I bring it up here so we can see it as corn. So there's no gaps. And there is what we were watching here. That was a December corn. Now this was the same pattern like we had in the wheat. And let me show you there's your AB CD. Okay. was right there 25. Our stop was right there. It went up a lot higher. Now, wheat worked, or at least it has so far. The corn hasn't. There's a situation where you're going to you you don't know which one's going to work. You never know. But but the one thing I do do, and those of you that know me pretty well, I don't look in I don't stay in front of this machine all day. Absolutely not. You know, I do other things that are more important. I watch uh golf and not do anything, but I you know, I I just do other things. I search for other trades and stuff and I have a few students that I work with that that I try to help. But looking at this darn machine is not not your help. Especially when your equity is over here going click click click click click click click click. What you're doing is when the market's going up you're focusing on making money and on the way down you're you know you get scared and then you get out. Oh, I better get out. Oh, I better get out and then boom, away it goes. So if you don't if you're not watching it, it doesn't make any difference. They don't care whether you're watching it or not, folks. They really don't. So, all I'm doing is trying to explain to you. It's all mathematics. It's nothing more than that. It's a simple question of uh, you know, trying to find the patterns and find the ones that work. And that's it. The more numbers you have lined up, the better it is. That's why in the wheat trade, you had so many numbers lined up here. You had several ABCDs through here. Probably had a little one here this morning. Let's just look here. Let's just double check this one right here from the other day. There's this AB CD would have taken you up to there, too. See, yet another one there. It's just shortterm, but there's your number that's worth right now. It's got 350 bucks in it. Okay, let's move out of here and uh get some other things done. One second here. We got some questions about the uh British pound. Now, the British pound was just a simple ABCD trade. There was a 382 here Thursday. Okay, then with the Fed in there today, it had a little bit of a rally and then it fell out of bed. If we look at this on the uh daily chart, it's a perfect ABCD. Here's one that absolutely perfect. And now look how it's coming down. What did we say? I said we had a chance for this to do this just like this. Right. Okay. Now, if we mark that in at the time that it gets down here, if it does, and we'll be following, we'll be looking at this right here as a 135 pattern. Now, if we sold it at say 13680, we buy it down in here. If we get there, right now, we're halfway there. This, but we you'd be at $2,400. Right now, you're sitting at about a little over a,000. So, you get to here, you'll be at $2,400 profit. You'll buy it. Okay? Put your stop right below here. And now you have an asymmetric bet because you're trading with the trend here. Okay? All right. You've got a 135 pattern lined up. So you know what your risk is and you know what your profit potential is. Those are things that you want to look for. They don't always work as I say, but when they do, they work pretty good. So I think we got to to pay a few uh advertisements here for a second and we'll get back. I want to cover a couple other things. So stay with us folks. Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman wave trading methodology, has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving his insights into key indices, selective stocks, and more. Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification. All firsttime subscribers receive a 30-day money back guarantee. So, ignore the pop trading influencers and start learning time- tested technical analysis. In the world of trading, only a few names stand out like Larry Pavvento, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247, Larry Pesventto's daily trading service that turns the complexity of markets into opportunities. published every Sunday. Receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers. Whether through charts or videos, Larry's analysis is your roadmap to navigating the markets. You can sign up now at tfnn.com for just $97. And with all TFN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci 247 right under the newsletters tab. For traders who crave risk, directions, daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage. Utilize bull and bare funds for both sides of the trade and trade through rapidly changing markets. These are highly leveraged ETFs with daily resetting designed for short-term trading, not long-term investing. Whether you're a bull or a bear, you choose the direction. For up-to-date pricing and performance, go to direction.com. Investing in the funds involve significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus available at direction.com. Read carefully. ALPS Distributors Inc. This program is brought to you by Vista Gold, traded on the NYC American and TSX under the symbol VGZ. Hey folks, someone asked me, would I be willing to take this uh ABC and E pattern in the Japanese yen? Yeah, the answer to that is yes. Uh with the exception of the fact it happens to be a Friday. I don't like to be uh short or long currencies over the weekend cuz that's when crazy things can happen and I don't want to be on the other side. Uh you know, sometimes they're good, sometimes they're bad. But you can see here we do have this move right here. Now if we go down to a smaller time frame, what I'm trying to do is quantify the risk. Okay, so here was the pullback this morning. It doesn't look like it was a 382 off of here, but you never know. What would I know? Hello operator. Why don't you write that one down, folks? It happens all the time. Anyway, there's our number right here that we're looking at it from there to there up to here. a risk is sorry it's already above it by just a hair but I'm not going to take it because it's over the weekend that's if it weren't over the weekend I would not excuse ordinarily these trade 24 hours a day 5 days a week but you're not trading on Saturday and you don't get a trade until half the half a day Sunday's gone so you got a period there of about 36 hours that you're exposed and I don't want to never usually it's never too bad but it might gap up points, 200 points. You never know. But it could go crazy because this one right here is what's so important about this because this is a giant number up in here, folks. See, it's a huge ABCD on the long-term weekly going back to is the 1989 and stuff. So, it's a really big one. And we're coming up to the probably a 61% retracement pretty soon here. And that would be up here just a little bit higher. So, I'm not going to touch it. We covered the short positions here. We went short here. We covered both of them here. We sold another one there and we put another one in right there. We broke broke even on that early this morning. And now it's uh it's not going. Didn't reverse. I just got out of it. And I don't reverse very often, but I didn't reverse. But that's what we're watching. We'll wait and see what happens over the weekend to see how this transpires. Okay. Hey, I want to show you something else that happened today that's very important and that's in the silver market. Silver left a gap last night and I believe it filled it. Let's just double check. Okay, here's a daily chart on silver. Here's where Yeah. My god, it did. Okay, here. Oh, shut the front door and raise the red. Let's blow this up a little bit here so we can see it. Get this down a little bit here. All right. Okay, there was a 382 retracement right here. Now, silver gapped above this. I think we can see it. Let's get this up on a smaller time frame. Uh, doesn't show the gap because it does the overnight trading, but it did. It went all the way up here to 70. See, it's dropped. Holy cow. Silver's dropped $5 an ounce. Boy, that's that's a that's going to be a major deal. I didn't realize that. Wow. Let's get the daily back up again and see where we are. Oh, we hit almost the exact 50% of the high right back there. Okay, so that's the 50% level. Wow, to give that much up. We reversed everything in a week. Everybody that bought in a week now is underwater. That's a sign that the gold and silver is under a great deal of pressure along with some other things. Okay, that's another one. Okay, I want to spend just a time here. Someone's asked a question about Bitcoin. I'll bring this up here and I'll show you. I showed it to you many times, but this level right here where that dot is right there, that's the exact 382 of the high from 126 down to 575. There's your 382 retracement. We're having an outside day to the downside today. High was 81. We dropped uh 3,000 points up. Try that again, Larry. 4,000 points. And uh so that's what we're watching here. some type of reversal going on here with this. Now, these are these are pretty much equal moves. You can see that move right there is just about exactly equal to that one within just a few pips. So, you can see what happened after that. So, that's just repetition market going over and over again. Now, I've got a couple stocks here that people ask for me to cover and I'll try to cover them. We haven't covered Tesla in a long time, so we're going to do that today. If you give me one second and Tesla starts with the D as I recall and let's see if it's up or down today. Yeah, it's actually down a little bit. Made a little bit higher high here, then backed off. We look at this on the hourly basis. It probably wanted to do it. Just made a 61% retracement on the run up this morning and then uh yeah, hit the exact 618. and it starts to to break to the downside. Giving it an A, B, C, D down here for the first uh retracement level. Next one we want to look at is uh Apple. See if we're still up around that uh three I forget the number. It's 310 or something like that. Starts with an A, doesn't it? Yeah. I got to get the A's in here first. Oh, time out there. Get the A's. You did okay. Remember, you were only in the fifth grade for 3 years to try to get this. But there it is right there. Get the dollar up. How's it doing? Apple is still up on the day. It gapped up and it's still up. Let's just see why it's doing so good. That's one of the reasons why the Dow is holding up pretty good. So, here's a here's the moving apple. Okay, get it out. We have an ABCD forming here. There's your AB. There's your CD leg right here. That comes in right about there, which is uh 326. We've taken out that high. Let's just see what the high was from the high. It's a little more than the 382. It goes exactly to 50%. So, that should be holding it a little bit, but we do have that ABCD here now. It's one of the Dow stocks. Time out. one of the Dow stocks that is uh strong today. You see, hold on. There we go. Now, if we want to look at Intel one last time to see if it's broken down even more than we thought it was going to. Hold on a second here. And it's Intel is under eyes. Just a matter of fact, I've had a little difficult time with this stuff here this morning. Oh dear. Hold on. What? What's wrong here? Oh, something's wrong. Oh, something's wrong with my data. See, I don't know what these things are. I don't know what's going on. Oh, God, help me. That's a IQ feed. Wow. Wow. There's trouble in River City, folks. I got a big problem here. I don't know what the hell it is. Well, here's No, that ain't intel. Oh dear. No. Well, sorry. I'm getting confused here. Oh dear. I'm in a I'm in a strange place here, folks. I've got Oh, I don't like this. This is not good. See, there's no They're not alphabetical. You see, they're always alphabetical. They're not uh Oh, no. Oh, God help me. Look, I don't even know what these are. What? Oh, no. Oh, no. Wait a minute. Wait a minute. Wait. It's coming back. Hold on just a second. I jumped out of something. There's intel. All right. I'm I'm not panicked anymore. Let's see if we're still uh Well, it's down today. Had an outside day to the downside. Let's look at this on the hourly for a second. We'll be right back. Hold on. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should I Tom O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of tfn.com. TFN, educating investors. >> In the world of trading, only a few names stand out like Larry Pesventto, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24/7, Larry Pesinto's daily trading service that turns the complexity of markets into opportunities. published every Sunday. Receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets. With updates throughout the week, exclusively for subscribers, whether through charts or videos, Larry's analysis is your road map to navigating the markets. You can sign up now at tfnn.com for just $97. And with all TFN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci 247 right under the newsletters tab. >> Steve RH 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 Rhodess 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 TFN, 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. TFN, educating investors. >> TFN has launched the Tiger Zen, hosted at Discord. TFN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. at the Tigers Dan available to all tigers and tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfn.com. Don't forget, you can listen to TFN live on your mobile device 24 hours per day. Go to tfn.com, then hit watch tiger TV. That's cfn.com and hit watch tiger TV. Hey folks, this is Intel. You can see today's high was the uh exact 382 of the high right over there. Now, I want to show you something important. This is this the uh Treasury notes. We're making new lows on the day as we speak right now. I believe we're taking these lows out. Not yet. We're there. This old low was at 8 108. This was at 10731. So 10731 is the old weight. But here's where we are right here. Okay. Now this is a Friday. Okay. We still got a couple hours to go. But if we gap down should something happen in the markets and you know with the way things are going out there, you know, anything could happen. If we gap down in this, I think it'll be very important to remember. And I might be wrong. Like I say, I'm often wrong, but never in doubt. And if you look at this on the long-term weekly and you gap down below that, that is not a uh really interesting one to to get involved with because that remains to be seen. Looking at that on the monthly, see if you gap down below that and that's going to be there's no gaps on this thing. So, it's almost impossible to do that. But, uh, you can see we're breaking below it right now. And that just, you can see the ABCD on that one's going to take you down to about the 105 level. Easy enough. And there it is there at the 105, excuse me, 106. 106 level. Another two handles lower. That means it's going to take this out. So, that that that number there is 105. Right now, we're trading at 108. So that's what's important about this today. So be interesting Sunday night to see how it goes because this determines interest rates on the mortgages, automobiles, credit cards, all that stuff. That's the the the treasury notes which are the 10 year 10ear notes. Anything more than 10 years is about less than 10 years. It's a note until you get down to under a under one year and then it becomes a bill. Okay? Live every day in attitude of gratitude and may God bless. Steve Rhodess.