August 31st Trade What You See with Larry Pesavento on TFNN - 2026

Because when 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 Pavvento. Call now toll-free at 1877-927-6648 or internationally at 727-873-7618. Now, Larry Pesanto. Okay, folks, before we get to the treasury notes, I just wanted to point out this is the the wheat. If you remember, uh, there was the the sale of the wheat was here at 782. It broke down to 759. It made the first profit objective of $1,000. It's had a little bit of a 382 pullback since that time. The reason why I'm showing you this, see, there was the 382 was right there. That was a 382 off of the high and then it's backed off. So, the reason why I'm showing you this, folks, they don't always work. And the only thing you got working for you is the fact that you put a stop in because if they don't work, you got to stand aside. That's all you can do. So, let's start over here now with the Treasury notes. And here they are right here. If you remember last week when I was on, I said you don't want to be long these things over the weekend. And they did gap down. And not much of a gap, but it was a gap. And it's still going down. As you can see, we've got some price objectives here. The lowest one is at 1708. That's only 15 handles from where we are right now. Okay. Now, the $64 question is, is this going to hold or is it going to fall out of bed here? If it starts going down below 106, there's really big trouble. I mean, big trouble. That means we can't get rid of our bonds. We can't sell the bonds and notes that we have. and that's going to lead to some uh liquidation of different types of assets, gold, silver, stocks, whatever. But anyway, that's where we're looking at right now. This is a big deal and we're going to be looking at it real close right now. So, what we're going to do now, for those of you that are not uh familiar with ABCD, what we're going to do is we're going to come up here and delete everything. Okay, here's all we know right here. Okay, we're looking at something here. Now, you can see the similarities. You see the similar moves right here? Just going to go through these cuz this is what we do every day on our videos each day to remind everybody that these markets repeat over and over again. You see how they repeat now? They didn't repeat this time because it's very very bearish, right? And that's the reason. So, the first thing we do is we're going to look at the first ABCD pattern. Whoa, just a minute, cowboy. You're getting off you're getting off the promised land here a little bit. We're going to do this. Get rid of this. First one we're going to look is this one right here. This is the really big one. Now this went back in uh in February, middle of February. Then we rallied up. See, we went up to just a little above the 382 at 47. You can see the ABCD. That tells us that right here. There's a number you want is 70 uh 10714. That's only seven ticks from where we are right now. Only seven ticks. Okay. And we have another one. That's that same move that we had here. going to see there it is right there. It's repeating over and over again. So all we're going to do now is we're going to draw it in again and see what that comes to. Each one will be a little bit different because they're working lower and lower. And you bring this one up and you can see this one brings brings it down a little bit lower. Correct? Now on this last run, we didn't do very much. You see, we hardly had any rally at all over this last 3-week period. That's because the market is so very, very weak. So, the final one you want to be watching would be this one right here. There's your AB leg right here. Okay, there's your CD leg. And where does that take you to? The same price. Okay, folks. This I don't care what's going to happen to treasure notes. I'm going to buy them. I mean, this is what I live for. Love Mother Goden Country. That's going to be a a three drive. There's one, two, three, three drive to a bottom pattern. It's going to have every I don't care about the fundamentals. God, I don't understand them, you know. I don't understand any of those fundamentals, wheat or any of S&P. I look at ABCD. So, there's a number. Put it in right here. The number is going to come in at uh well, this one comes in down at uh 06. But here's the number that we're dealing with right here. This one right here that says 107. Why is that different? Time out. Let's just do something straight here to make sure we didn't cuz when I looked at it before, uh it's 10701. Okay. So, there's the numbers that we're looking at. just a little bit about about a point lower where we want to look for right here. We'll use this as our last um the last raw would be right here and that number is that's only a point away from where we are right now and that'll be done with probably a big news announcement of some kind and that would get it down to that level. So the buying level here would be 10628. Give it a couple ticks here to 107 uh 0. Okay, let's make it let's make it an Well, it won't be even number. So, put it in at 107 uh 10628 is where we're going to buy it. Okay, now let's let's let's play the devil's advocate here. What if this puppy don't work? Okay, so the difference between 10628 and down here at 106 uh 06, we're going to put a stop here a little bit higher than that. So, let me give me one second here. The stop is going to be at 106 10616. That's a half a point, folks. And the reason, let's move that over just a little bit so it's done correctly. 10616. All right. Now, I'm risking 12 ticks. Okay, 12 ticks is 13 B uh is half of half of the U treasur treasury bonds. Treasury bonds tick is $31. This one is half of that which is uh roughly we'll call it $16. Okay, so we're risking 10 times 16. Okay, that's $260 that we're risking. And the and the margin on this is really cheap because it's been going down. They're trying to get people to come in and buy it. So, we're going to buy it at 10628. That's just a little about a less than a handle from where we are. Couple days like this or one more day and you'll be right down in that area. But that is that is a really nice pattern completing here on the daily. Okay, that's the good news. The bad news is this. Let's take a look at this on the weekly. You can see here the weekly. There's the same number. See, weekly gives you the same number. So, we're right there. I wanted to show it to you on the monthly. This is the bad news. Okay, there's the bad news. We're breaking through this right now. This is why the these fundamental I know they they talk about the the differential of the interest rates and it's not really doing that. I look at the charts, folks. When it was up here doing the, you know, the negative interest rates, I was yelling and screaming. If you remember the bond chart, we've seen it a million times at 172, you know, and this is now we're coming down really hard. You can see these were used to be way back here. They started trading in 1976 and that was tra they were trading about half price. They were trading about 50 cuz interest rates were u 15 16%. But here's where we are now. and they could easily come down here and the old low here is 10526. They might be able to take that out. But we've got all those ABCD patterns lined up there on that daily. And so that's what that's what I do that I mean well people that follow me and you know you belong to the trading tutor and get the videos and stuff. This is what we try to do. We find these all the time whether they're wheat or soybeans or live cattle any of those. That's what we're trying to do is to find this. So the buy is at 10628. Okay. Or 107. I I'd put it in at 107. Make sure you get in. And then your stop is going to be 10616. That would be down in here cuz then it cuz we get much lower than that, it's trouble. And that's my opinion of course. And I'm often wrong, but never in doubt. We'll be right 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. 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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 first-time 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. Now, this is the bond, folks. This is the 30-year. You can see 30 years. It's a Treasury bond. 30. It's a bond. That means it's more than 20 years. So, 30-year bond uh can go down here. That's the 127 of this swing. Taking all these stops out. And it's got a really good chance because if the notes do that, this is going to make a three drive to a bottom pattern down in here somewhere. And that number is at 10716. That's this 382 off of this one right here. So, if we were to draw that in and we're going to pick the spot in the bonds to, we're going to be buying the notes because that's going to be the better one. There's your three drives right here. And that would be coming in at 107. Call that 10727. Okay. So, we're going to put that in on the bonds. This is how you set up a trade, folks. If you don't know how to do this, give me a call. I can teach you. It's not a rocket science. You just got to do a little bit of hard work. And it's better than going to medical school or dental school or especially law, any of those things. Anyway, that's what you're looking at. Your stop on that would be uh 107. You got to risk a little bit more on this one because it's a little more volatile. Your stop would have to be at 107 uh 01. Let's put the stop in here. That would put the stop in at 10701. I'm going to leave this in all week and we're going to be following it to see if this thing works or not. If it doesn't, don't make any big no big deal because there'll be another one right around the corner. So, this is this was in the news all the time. So that's why it's so important. A lot of people are looking at it, not just me and millions of people are watching it. So that's what we're watching. We're near a pretty good bottom in here. If you read John Jameson's letter this week, he was talking about that. Its main play is this one right here. Now, I don't know what he's expecting for is a rally. But remember folks, back here a long, long time ago. Oh, where's them? Where's the Got to do the monthly. Monthly because it goes back so far. This is what they were telling us. What were they telling us here? Remember negative interest rates. Look at that. Drive one, drive two, drive three. Perfect ABCD. You have to know nothing about this. They just have to find out what the ABCD is and go from there. I know that they have a lot of guys that are telling you all the things that are out there. Yeah, that's true. But by golly, you know, we see we're getting ready to take the monthly lows out from 2023. That number here is back at the same level right here, just a little bit lower. So, that's what the game plan is. So, that's what we're going to be watching. All right, let's get back on to some of the other things. I've already discussed the wheat. Uh, that one worked out. Okay, we'll get this one here with this one out of the way here. Now, let's talk about the uh here's the crude oil. If you sold it up there at uh at 76, you've got a $10 profit or uh excuse me, $100 profit. So, if you put your stop right above here, folks, now you can reduce your stop to 85.95. So, your risk here would only be about uh 200 bucks. Right now, it's got a little bit of profit, but not very much. Here's what the euro did here, folks, last night. Uh it's had some pretty good moves here. You can see the move last night. Hold on a second here. This is an important one, folks, because look at the low here. Low here is right there was the exact 382. I'm going to get rid of this one so you can clear it up a bit. But uh there's your exact 382 off of July 20th, folks. That's a big deal. That's a really big deal. We've had a little bit of rally. Not even 382 yet. But if we get below that, that's just like when the Dow Jones went below that coveted 5340 level. You can see that's the same type of thing. But this held exactly where it was supposed to hold and we've had a little bit of a rally today. Not very much enough to make a substantial profit on it, but that's it. So, it's been going down. There's a 382 that started it all, but that's the important number is right there in the euro. We're going to put that in a limit minder to remind us we get below that. That'll be pretty good. Now, the only position that we have, it's not losing, but it hasn't made any money today, is the British pound. It's against this. Well, it's not against us cuz we sold it. Well, let's get this daily up here so we can all see it together. There was your again, there's your ABCD. Here's where we are now. And right now it's up about uh 30 pips on the day, but we still have 170 pips profit in it, which is about $750. Down in here, we were a little above a,000. Now we're about $750. Our stop is right back here. So, we're going to risk-free trade. That's where we're watching. Since we're in the currencies, let's come over and we're going to bring up another one right here. This is a dollar yen. And uh we're out of the dollar yen now. And uh just I wanted to show it to you because had some really good action last night. You can see here we had an uh let's move it over a little bit so we can see it together here with everything. We covered all of our position. Well, you know what we did? We covered we sold it here and then we covered it. Got out of it. And here's where we were uh today. Uh let's do I think we do the 4 hour so we can see it real clearly. Yeah, there's where we were. I was assuming that we were going to make this pattern right here. And we did not make that pattern. You see, we didn't get anywhere. No, very, very close. We just went up and kissed the 160 level. That's all we really did. And I think that was probably related to this ABCD, which was right there. Yeah, that would be it. See that matched up with this one. This one didn't hit. So today's action what it did early in the morning when you were watching it. This is when we opened on Sunday night right back here. Sunday night you see we opened and then we broke down. I know you're going to find this hard to believe. Time out. Oh dear. Hang in there. I'm actually feeling pretty good. It's just that the stuff keeps crawling around in me there. went right to the exact 382 and broke down and then it rallied back. Now we made a new low. You can see we had a nice ABCD. There was an ABCD guardly and it was you'll see it's higher than the 382 cuz you got a new low. You got to measure the new 382 which will turn out to be uh 61%. There it is right there. And there's your ABCD pattern right here. And we're still drifting to the downside. Now, when you sell it here at 382 from 59 down to 59.40, folks, that's a that's a $400 move here. So, if you're only risking 20 pips, you know, somewhere in here, you've got to be looking to to take a prof take a profit. So, this one here is still the juryy's still out on it that we're going to find out what happens. John thinks if there's any, you know, really outlier event that could really make these markets go crazy, it would be the fact that maybe, and I'm saying maybe, this might be the top of this 20-year cycle that we've had way back here. And if that's the case, you can see we could have a big move down and share, you know, scare a lot of people because this is a carry trade. people borrow the end, buy the end, borrow against it because uh you can borrow for free and then they trade that against that. So they call that the carry trade cuz it's going to carry them in and carry them out. All right. Now, let's take a look at some of the stocks here, folks. We'll start out with uh the Dow Jones and we'll get this over here like this. Here's the Dow Jones. Now, this morning in the early early in Sunday night, we rallied right there. We opened right at the 382. That's exactly what we did. Now, if that's the case, you see it should give us a target. That would be down here. Now, it broke after that. So, you This is where your low is right here. So, your low is right there. And there's your high. And you can see it went considerably lower. And it didn't even make the second 382. And we're still moving lower. Well, 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. 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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 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. 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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 in. Okay, folks. Here's the Russell. We've been talking about this for several weeks. You see, we're in the third week coming down. Now, we're going to go down to the hourly chart. We've been saying, you know, this is the weakest market. Okay. Now, here it was very strong. Here was the 61% retracement right up there. It's marked wrong because it's not set right so you can see. But that's well that's just a function of this little tool that's not always accurate. Anyway, that was the exact 61% retracement. There is your ABCD. Look at this. Make a 382 retracement here and you tried it here and you tried it here and it keeps going lower. And today's move, you can see we broke really hard. Once we went through that level right here, which was the old 382, remember that once we broke through that, that's uhoh, jury's out, and now we're coming down. Let's just double check this over here and see what we're looking at here from this high down to that low. You see, it didn't quite make the 382 today. It missed it by uh 63. It missed it by two points. And now we're still heading down uh in the Russell. So now we're going to continue with the Dow Jones. Here's when we broke that that coveted 53400. We talked about quite a bit. We tagged it just a little bit. Didn't get there on Friday. And then Sunday, you know, we started down. That tells us we are still moving towards that bare market that we've been looking. Nothing scary, which is good. The fear hasn't come yet, but it's a coming. It has in all the other markets. So, we want to pay attention to these things cuz when they happen, they happen very, very quickly. Now, we're going to take a look here at the E- Mini S&P. We'll get over here and take a look at this right here. There's got the AI hooked up to this today. What we're going to do, we're going to get rid of that cuz it really hasn't done very well. Did pretty good with the bottom. But, let's get this up here on the hourly, too. And you can see here we had the this was our the big run up on th uh excuse me uh Thursday. Okay. And then move the market came down on Friday. Here was a rally here uh coming into Sunday the 31st and we did not make the 382. We missed it by just a tiny tiny bit. As you can see I'm talking tiny tiny bit. We missed it by a total of uh four points and now we're starting to move a little bit lower. Uh as you went down here and looked at it today on a smaller time frame, you'll be able to see that you did try to make it. See, this was that 382 that we were looking for. And boy, it missed it by just a heartbeat. As you can see here, when you draw it up, it just uh just barely misses it. And here, see, if you miss it like this, folks, all you got to do is to figure this is a trend line, right? You figure that's some kind of trend line. Well, once we start breaking below that trend line, that's telling you that's what's happening. And then then then keep using keep using the 382 because in 382s, that's all the market will do. There's from your high come up right here. Well, this one goes to well, there's your 382 right there. Okay? Okay. And then it goes down, makes another low. Let's just see how close that one comes to the other 382. We got to go back to the top. Bring it back down again. And there's your 382 again. It just keeps doing it over and over. Just like Andrew Low says in his book, The Markets Repeat. And not only that, but that repetition repetition is predictable within limits. That's the whole thing. Now, we have to have a a moment of silence here today, folks, because Tim Cook's last day at Apple is today. And he should get some type of a Medal of Freedom award, folks, because when he took over from Apple back in ' 06, I believe, or something like that. The split adjusted price for Apple was $7 a share. It's higher than that now, folks. Just to show you what he's done. I mean, this is really truly remarkable. It's 300 and something and 313 right now. So there's what there's what Apple's doing. Now we were talking about this over the last few days looking to see if we were going to get another retracement up here cuz remember you know this is where the daily was. If you remember we were very uh very very not bearish but you know it was just a pattern. That's all it was. There's your ABCD pattern. That's all we were doing. Just like the bonds whatever they're all the same. But please don't tell any about these ABCDs folks cuz there might be a few people starting to work with them and and I'm sure it'll change the market. Now, that is the most ridiculous statement I probably made in my 62 years of looking at the markets. These markets never change. You can go back to, you know, the biblical times and you can probably look at cotton prices from back then and and uh gold, frankincense, and myrr, but they're all the same. Just how the markets move. You see the last rally in Apple went right up to the 50% level. It did not make the ABCD pattern. You can see here right here. There's your AB CD leg. That would have taken you up to the 618. It didn't do that. Okay. There was that 382. Remember we talked about that before. All right. Now, the next one we want to take a look at is um Intel. And we have to also look at Micron. And hold on one second. We'll get a few of these out of the way here. They're all the same. Doesn't make any difference there. Well, they all the charts are different, but they all do the same thing. Intel is right here. And let's see if see if it held that low or not. Yeah. Well, no, it's done nothing. You see? Well, maybe it's done something. Let's just blow it up here. That's what it's done here. Today, we had a little 1 2 3 4 day rally. Let's see if it went to the 382 just for kicks and giggles. And there it is right there from this level right here. This is the there it and there was the 382 was uh yesterday right there and that was Friday and then still down again. So it's doing what it's supposed to be doing. And then we need to look at Micron Technology. We'll come up here and look at it. MU and uh some of these have been selling off quite a bit folks. I think what what what you know what I don't understand is and I've said this many times these people are borrowing money like crazy and I mean I don't understand it. Okay, let's clean this out a little bit here and see where we are. Okay, now we we had the uh this was the 382 I believe. Let's just double check. It's been a while since we looked at this thing. Yeah, that well it was actually uh just a little above the 382. Then we came down and then we have to have a new new move here. But we've got a gartly here. See, there was a there was a Gartly pattern right there. There's your ABCD coming in. Looks like exactly 61% retracement. Yep, there it is. There's your Gartly pattern would have been right here. Let's draw it in there. If you can get this thing to connect like it's supposed to. None like to connect that way because just a little too sensitive. So, bear with me. I'm going to try it one more time. uh these turkeys and that is what I'm going to do now is play hard ball moving around like that. That's what you're looking at right there at the 618. And now you can see we have lower tops in here. So I'm expecting this one to come down uh a little more. Now I have also been asked to take a look at the stock of Eli Liy. Okay, let me get up here. That's OL. I think I got that in here because I still have friends at the company. They're very old, of course, but they're still around. And there's Eli Liy. When I I'm almost afraid to tell you when I got into this thing. Okay, here's Eli Liy. We'll cover this when we get back, 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 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 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 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. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Okay, folks. This is the crude oil. Of course, we're day trading it here, but it's got about a $180 profit in it. You put your stop back to break even. Now, that would be right up here at um I think 78 is where we sold it. So, 78 is going to be your stop. Okay? So, you you're home free on that. Now, we're going to talk about Ela Lily and then I'm going to give you a little bit of a uh skinny on what trading is all about. There's your ABCD there. It measures within about 10 bucks of the exact high. You can see this ABCD measures you to the exact high because that's a three drive. 1 2 3. And so now we've come down quite a bit. We're almost ready to uh change this trend to down. So we're going to find out if that's going to be the case. All right. Now, what I'm going to do now is I had two requests or not requests, statements from people that contacted me uh over the weekend by email and said, you know, why do I get so nervous when I trade? Oh my god. Folks, if you nervous when you're trading, you you shouldn't be trading because trading is the most boring damn thing you can ever do. I mean, it really is boring. I had two lovely daughters who are very smart and they they could do ABCDs mainly in soybeans, but that's all they looked at and said, "Dad, this is the most boring thing we've ever seen." And uh so it is boring. and you just put the trade on and don't look at it. And when the beeper goes off, you either made a profit and or it takes you out and you get stopped out and go to the next one. That's all it is. But if you're nervous about something, for heaven's sakes, man, something's wrong because this is you have total control over this. You got your stop in and everything, the problem is you're watching the darn thing. You know, you're focusing if you're long, you focus on the upticks. If you're short, you focus on the down ticks. You know, that's exactly what the you know, that's why the mystery of this is. You don't you don't really care. You know, when when Mark traded and the way I do it is I don't look at the darn things. I put them on. I look at them here because we're only on for an hour and I don't want you to lose any money. But you don't you don't have to look at them. You know, that's it. Because you have no control over it. You believe it or not. Nobody cares whether you're an Eli Liy or not now or where you bought it or where you can't. They don't care. These are all anonymous. And not only that, let me just show you something. If you can just take this off, just get rid of here. If you took off the name of what this was, nobody could tell you what this is. There is nobody that can tell you what this is. If you took off the price and everything, nobody could tell you what it is cuz this could be Amgen. It could be anything cuz all the patterns are the same. Everything is A B C D. Andrew, you know, what was his name? um um Vanoir Mandelro he you know when he the father of fractal analysis HM Gartley both of those guys are responsible for and then later on uh Andrew Low at MIT so that's the that's the main thing by the way MIT graduates from the financial engineering school they start at 40,000 a month on Wall Street folks those financial guys that are good with the numbers and anyway that's a pretty good deal right and some of them only stay a short time like you you know who one of those guys was folks? It was Jeff Bezos. He and his wife Marilyn were in that group and here they are. They don't need that anymore. Since we're talking about that, let's look and see how Bezos is doing with this Amazon. I haven't I don't look at stocks very often unless by request. And here's Amazon. It's probably still it's down from the high. Look at it. See where we are right now here. Okay. All righty. Now, this this one's a little choppy. Let's look at this together, okay? Because it doesn't have a lot of really good ABCDs in here. Really very unusual. And the only one you have here, it doesn't reach the level. See, there's your ABC. This Yeah, it's very strange. Yeah. See, it doesn't doesn't come anywhere near the ABCD. There's no ABCD in here. There's maybe a tiny one here, but this is uh this is not a good stock to be trading patterns because it has nice runs like this, but you don't have any really good ABCDs back here. Let's just move it over a little bit here. And yeah, there's there's not very many of them. Well, there's there's a couple in here, but yeah, one or two in here, but in this way, it's it's really not it's not a you want them to jump around a bit. And this one's it goes its trends for quite a while. But uh I wouldn't pick this to be one of the things that trade you want to trade something trade the euro for God's sake. That's the easiest thing in the world to trade. Let's take a look at that right now. The euro and we'll get this up here because it had a stopped exactly at the 382 today. Let's get this up here on the on the hourly chart so we can see where we are. I talked about it just a little bit earlier, of course, but there it is right there. Here's what you want to trade. You want to have things that have lots of ABCDs in them. And uh do the usual thing. Here's what we've done. See, this is all we did here. This you can see the ABCDS in here. Much easier to see all the way through here. But uh those are the ones you want to be watching. Amazon, you know, I haven't seen Amazon in a long time, but it just doesn't uh it just doesn't have good patterns. It has patterns, but I don't see them. I mean, they're they're they're sporadic, and I don't want sporadic. I want things that I can understand. Maybe if I looked at this on the weekly. And that puzzles me because usually these are pretty good. Ah, weekly. There you go. Weekly. You got the patterns. Lots of patterns on ABCDs. Yep. You can see there's a whole bunch of them in here. We'll just show you that they're there. But boy, you see them on the daily. They're really mysterious. They're not uh they're not that good. But boy, on the weeklies, they're they're certainly proficient there. There's one up here. And there's another one. There's a beautiful one right there. the weekly show it, but not so much on the others. And uh there's we go. And then we haven't had the last one. It looks like we got either that's a three drive pattern right here. Oh, this could be three drives and a you know peaked a domed house possibly, but that's really what we're watching in here. So most of these are real easy to see, but certainly Amazon only on the weekly can you see the see the good patterns. Okay, stock went from 80 to uh 260 just like all the others. All going straight up. Now, let's take a look across the pond over here. We got just a little time left. We want to see how things are performing. See, we got our market in this Dow Jones is still coming down. That gives us an A, B, C, D to about 51 52,000 down about another,000 points. Uh if we look at the uh uh DAX futures, you can see the DAX futures did not make a new high, but the DAX cash did. You see the divergence there? The cash made a new high, but the uh futures did not. They did not make a new high. Here's the uh Bitcoin still up in this area right here. Remember, this is the big ABCD, folks, on the long. There's your 382 is up there. I think it's going to get there uh in the next week or so. We should get it to 84 and then we're going to see a big correction in this uh this market right here. Here is the uh we come back a little bit. See, now the semiconductors up on the date just a slightly, very, very, very slightly. Uh and that's uh pretty easy. And here, this is the uh Cosby. uh we were lower and we've come back we're a little bit little bit higher on the Cosby and the Japanese market we're uh we're lower and we're back up in here but made some major tops up in here folks that's why the market is weakening they they haven't had any fear come into the market as of yet so when they do and when they do you'll be aware of it we'll be right back folks If you're looking for potential trading setups in the stock market, then Rocket Equities and options report is a newsletter you should try. 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 247, 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, Lur'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 Road 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. The Tigers Dan available to all Tigers and Tigresses for just $1 for the year. There's no cash 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 tfnn.com, then hit watch tiger TV. That's tfn.com. Then hit watch tiger TV. Okay, folks. Let's go over this trade. There's the ABCD here of the market. Now, this little rally that we had right here, that's a 38. That's a 382. This 2-day range, if you remember, we were looking at that on the 4m minute, I believe. Let's just double check. Yep, there was it. There it is right there. So, what you want to do is put your stop right there. So, you're either in it with a really, really break even trade. It's an asymmetric bet. You're below the 382. Everything's working in your favor. The worst thing could happen to you is you pay a commission. And if it's right, and if it's right, it could get down into here. And then you're talking you can go out to eat one day a month, not in a fancy place, but you can go out. So that's what we're trying to do is to find an asymmetric bet that allows you to stay in something without any risk at all. It's not how much money you make, folks. It's how much money you don't lose. And that's the real key. So those are the main things. Another spam call coming in. Nothing else I can do about that. But uh let's take a look at live cattle. We haven't had a chance to look at those today. We've been relatively bullish on those because they made a major bottom down here the other day, I believe. And if we bring that up, we'll see if that's happening. Well, they rallied a little bit today. There was a bottom down in here, but they've done very little. You can see no ABCD setting in that area. So, not much to do in cattle today. Very little. Okay. But send some white light out, folks, for Miss Paula T. Web. She uh had some she got pretty sick here over the last couple days, the last week or two. So, say send some white light. She's doing really good now, but uh she needs a little bit of white light. Anyway, I'm almost back to normal. Well, I've never been normal. I should should qualify that. But I'm feeling much much better. And uh I don't think I'm going to miss any more time, but I missed a couple days because of that. I even missed Friday the live trading because I I couldn't talk. I mean, I just I was really out of it. It was not a not a fun day. But uh we had had some fun posting charts and things. See you on the flip side tomorrow, folks. May God bless.