September 16th Trade What You See with Larry Pesavento on TFNN - 2026

journey 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 727-8737618. Now Larry Pesimento. Okay folks, last Thursday we started this big move here in the crude oil. We talked about these 382 retracements all the way through. All we did yesterday is when we were watching these things, if you remember, we came in and just you see there's where we were right back here. There was a 10th day. That was that little pullback. Okay. Now, there was your first pullback here. That was on the 11th. Okay. Now, we did we measured it. All these ABCDs come up here to 107. We missed it. It got to 106.85. It was supposed to get 10735. It missed it by half a cent. But what we said was you don't have to try to pick the top up in here. You can sometimes it's okay. It's a lot of fun. But the easy one is just go back and here this is just a smaller time frame. I'm going to blow it up so you can see it. This is what I did in the video last night. I said, "Look, we probably made a top up in here. So sell the first 382 retracement." And there it was this morning. There it was right there at 105, folks. It went all the way down here. Dropped $5,000. Repeat that, Larry. $5,000. You're risking about $500 to make $5,000. That's an asymmetric bet. And if it missed it, it gave the same thing right here. It did exactly the same thing. And that led to the A B C D to the downside. And what are we doing? We're rallying back again. So, what you want to watch for is the next 382 retracement because in strong trending markets, that's about all you're going to get. And you can see here we've rallied here about a about $2 uh a barrel right in that area right here. So that's what we were looking at this morning uh when we sent out the video real early that this was most probably going to happen. Here it was right before the open and there was the open and then you can see we've continued down. I believe that was a perfect ABCD to the downside. Let's just double check. Uh no no no it was not. It was a uh perfect ABCD off of the other one, which was the first 382 retracement. And that was that one there. And went a little bit farther because of this wide bar. You stretch that out to 1.27 and that'll get you to the promised land without anybody's uh problem at all. So, let's move that over here. And there's what we're doing. Okay. Now, uh people have asked me, you know, about, you know, the overall structure of the market. It's so bearish, folks. It's just I can't imagine why why there's upticks, but that's the way it goes. Let's just get over there and show you where we are. Oh, hold on here. Something's wrong. Ah, they have to reboot this. Okay, let's get this out. They want co- pallet. Ah, I don't want to try that stuff. How do I get rid of this thing? Ah, see, this is what really gripes me. I don't know how to get rid of this darn thing. So, god darn that just really bugs the heck out of me. All right, that's how you get rid of it, I guess. All right, let's look here at the Dow Jones. Okay, you see our level here, right here? Today's low, you see that where it says 4 51,875. Okay, that was the low yesterday. Today's low was 51,881. So, it was six Dow points higher than the previous day, and it still rallied 200 points. So, it's got some type of support there, but it's so small that I'm afraid I'm going to miss it. But if I miss it, I'll get in on the first rally back, but that's it. That's what I'm waiting for. I'm expecting a little bit more of a rally here, but boy, it's making it real difficult. Even you see the New York Stock Exchange index is weakening. If we look at the uh the Cosby, the Korean market's not doing anything. If we look at this, the semiconductors, it's up a little bit, but it's nearer the lower of the day than it is the high of the day. And the Nifty50 is just, you know, headed to Florida. And uh here's the same thing with Japan. It's up a tiny bit. But this market does not look very bullish, uh by any stretch of the imagination. But the easy pro easy money today was going to be in the crude oil if it worked. And it did work. And it works more than it fails, folks. That's the real uh real bottom line. Now, let me show you something here. Going to bring you a little thing here to show you right here. Give you a little idea. I want you to see this. This is uh beyond meat. Look at this, folks. It's trading down here for 60 cents a share. And all of a sudden, they come out and it's trading for $25 a share. You know what that means, folks? the NASDAQ, New York Stock Exchange, American Stock Exchange, any exchange, they have a thing called a reverse split because they can't allow people to be listed if the thing is under a dollar or $2, whatever happen to be their rules. So, what we'll do is rese,000 shares on the float, there'll be 10,000 shares. So this will increase it by 10 points and you have something that used to be trading for 60 is now trading for $25 and people believe that stuff and you can see it's really a good deal at $25. Look what it did. It went from 50 from 60 cents to 30. Okay, now go back folks let me see 2006 October. or I'm on an airplane heading to Narita, Japan on my way back from China for 3 weeks doing my little lecture deals that I was doing there. And there was a young lady sitting in front of me uh and she was quite attractive and she was not having a good day. I could see she was crying. And so when we got ready to leave, I asked her, I said, "What's wrong?" And she said, "Well, my mom is passing away and I have to go to Toronto, Canada." And I said, "Well, we've got a I was on that same plane and I said, "We will go and go to the lounge and uh we will uh you know, talk a little bit and have some food." Okay, we did. They got there. And anyway, she was uh one of the premier salespersons for AIA, American International Association of Insurance out of Hong Kong and China. And the stock was trading for 72 and a half. And I was trying to impress her. And so I had my little laptop there and I looked at this chart and oh my god, it looked like Here, I'll show you what it looked like folks because this is what's really funny about it. Let's go to the uh chart here. This would be real. This is exactly what the chart looked like back in those days. So hold on. Put that there like this. Put there. It was making a three drive to a top just like this one. Okay. And I said, "Oh my god." I said, "You got to get out of this stock." I said, "This is the kiss of death." And I showed her three or four examples of the three drive pattern. And she saw my CV and she Well, I'm thinking about selling it anyway, so I guess I will. So she was in the lounge there and she sold it for 72 and a quarter. Okay. A year and a half later, we're married and that stock is selling for 38 cents and it went into a reverse split 10 to1, 30 to1, whatever it was, but it never did recover more than 10 or $15, but she did get out near the high. So, had two great trades on that time. Anyway, that's what I'm trying to bring to your attention here is the fact when they do these reverse splits, it's it's just really it should be illegal, but they get away with whoever they want because they make the rules. They make the rules. All right, let's take a look here at a couple of things that we want to be watching. Here's our notes. They're going to be doing something today. Whether it'll be anything or not, I don't know. But I don't This is a bearish market, folks. Whatever they do, it's not going to be very much. They can't do very much. You know, they can't do very much in Japan. They can't do very much in London. They can't do very much in any place because they they've been feeding this to us for 19 years. We're tired of eating tapioca. They're trying to tell us that it's filet manang. 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. 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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. Folks, we take a look at the euro. We've been short that since this ABCD happened here uh right around the oh boy, excuse me, folks. That was back on the 10th of September. Here we are coming down in here. You were down 10 days. You can see we're still dropping. We look at the British pound. There was your retracement here. Remember, we counted the number of days down. We bought it there. It didn't give us very much. We made it just just about to there where we went back in short. And now it's heading down again is what we're hoping uh to get. Okay. Now, let's do a couple other quick things here. And I'm not going to worry about the stocks, folks. When the time comes, uh we'll be able to to get in it. It'll be okay without too much trouble. What I like to do is on days like today and I'm not able to do this because I can't do a video every 20 minutes. But when you got a market like this, here's today's action. Okay, folks. This is today's action. There's yesterday's action with that big rally and then boom down again. So, what I'm looking for is I'm for looking for an ABCD pattern like this in today. And if I look at that carefully, remember this is just a four 4-minute chart, but it gives you lots of swings. There's your ABCD. comes right at the 382. Okay. So, if I buy it there, I know that that's going to be my price objective. So, if I put my AB CD into there, where does it take you? Right to there. And if you went short there, look at that. You went from 70, made another $1,500. But this was an easy 15 because look what happened after the high was in. We didn't even get a 382 here at all. Zippo, that tells this market is still heading lower. That's what I'm looking at in day. We had another one. Those of you that don't like to trade the stop and pee, you could also trade live cattle. And I could show you the live cattle cuz it's did almost the exact same thing only you don't uh they don't slaughter you in the cattle market like they do in in the S&P. But there was today's action. You can see here's tomorrow the tomorrow morning. There was your uh open boom boom boom. There's your ABCD pattern right here. Have a nice little rally going right there. And so there it was just just a perfect ABCD pattern. In order for that to drop, there must have been some news or a cattle report or something, but that's exactly what happened. Anyway, that was a cattle is what I'm watching as I go through some of these other charts. Now, let's take a quick look here. Uh well, the goal's not the goal is having some really, really huge swings. So I just want to show you the gold swings and then I want to relate it to silver because there's a totally difference. Now this is the 2minut chart which is you know just really rough not too much but let's get down to that hourly chart that we saw last night. Here was the big move that we had last night folks. This was right right on the early early morning before the market opened yesterday right there and just exploded. We went from uh that rallied almost $100. Okay, a huge amount. Now, if you go back and look, see how markets repeat. The last time we had one of those rallies, it did exactly that. Right now, let's just see if it did the same thing. And there it is right there. See how it repeated itself over and over again? Okay, those are things you want to realize because these guys on Wall Street, they know what these numbers are. Okay. So, if we look at it from the previous high that we had back here, let's go right back to there. That's our previous high. There should be resistance coming in. Oh my goodness. What is that number right there? Why golly? It's 61%, isn't it? Right on the money. And in fact, it's actually drawn wrong. So, let's just draw it correctly and see where we are. See if I can get it to hit exactly because I know it missed it by $2. Yeah, that's how I know. Now, if you shaded it by $2, you're okay. And you had a smaller ABCD here like that. See, there's your early morning. Then you came down, back up, back up, and there was your number that you're looking at. And then since that time, we've been backing off just a little bit. Not much, $20. But that's pretty much it. But let me show you the silver. This is really interesting because I was looking at it and I wanted to show it to you because this is a function in the uh Enson program that I um I paid a guy a lot of money once to try to measure all these swings when he had higher highs and lower lows and show me what the relationships were on these. He tried and tried and he couldn't do it. 2004 I'm up in Salt Lake City given a one-day live trading session for uh folks at Instant Software and their uh premier customers and we so we traded all day had one of those days so I couldn't do anything wrong and so everybody was really happy at the end of the day the Enson people had already programmed this for me and I got to have it and they put it in it's called a pessimal pattern this is what Bryce Gilmore had on his wave trader in other words he measured all these swings and look at the look at the relationship. So 618 382 618 382 618 1.27 I mean they're everywhere and that's what you're looking for is we look we're looking where a lot of these come together like this one see there they come together and you got a whole bunch to come together and that's it. So it's very very helpful and what does it helpful tell you? It tells you that the price of silver has been going up straight for what three straight well two straight days on a on a short-term basis. So once we break this, what happens? That means the trend has changed, hasn't it? See, before it's never done that. So that's uh that's why I look at it and that's why I trade these things. Uh I'm not looking for a lot of trades during the day. I'm looking for one or two or three. I usually end up with about three, two losers, one winner. But I end up, you know, in the green. Not every day, but most of the time I try to get in there and do that. You you see it in the videos that I send out. I'm wrong some of the time. I'm right some of the time. Nobody's right all the time. That's for sure. All right, we got out of here. I want to cover the Japanese yen here because one we missed. We had an order setting in there and it Oh dear. There's all the same thing. Only these the problem with this one is these swings are all too small. See, if I spread it out, you'll be able to see there's your 786 uh 707 84 uh 111. There's some of the others that are in here. But um this is what we were trying to do was to sell this puppy right up in here. Uh it's over here. Let's get that hourly up cuz that's what we were looking at it. Here's what we were trying to do. Selling at 11560 and we got to 1550. So we missed it by just a hair's breath. And then look and see it's now starting to come back a little bit. Our stop would have been right up here at 160. Wait a minute. Wait a minute. One. What's wrong here? 115. I got the wrong. This is 11560, folks. And 1156. Shut the front door. That's why you don't want to give an Italian and a computer. It's not a good thing to do. Get that out of the way. Get that. There you go. Anyway, this is what we were trying to sell, but we didn't quite get there. And I missed something, too. Shut the front door. This is the lower low. So, this is the number I should have been doing it at right there. And I'll bet you're right on the money. It was even even a little better than on the money. It still would have been filled. It's not too much difference. But anyway, okay, let's talk about the wheat. All right. Now, wheat's backing off a little bit today, folks. We had a heck of a run here. Let's get this up here and look at it. There's our run here last few days. There was a high coming in. This is uh correction day. Now, we'll go down and we'll look at the 13minute chart because that's uh I think it was the 8-minute chart. What was it? Yeah, there's where we were. Okay, here's where we were yesterday. If you remember, we bought this here at 19 and then we had yesterday's low or high to low was exactly 382 right there. Okay, that told us that we were going to be going up to this level right here. So, let's stay tuned and we'll be right back. 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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 mercantile exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24/7, 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 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. This is the Russell 2000. We're down six weeks now from the high. What I'm looking for is this right here. Repeat that. See that came down rallied for two weeks. This is going to be a two week rally. Whatever it is, very short somewhere between five and 7 days. You want to get short that. Now looking at this on the long-term 4 minute 4m minute. You can see here we've already made the 382 retracement and we haven't made well we came pretty close uh to making it here on the 14th. We missed it by a little bit but look at the rally here is you know this is a not even a dead cat bounce. So there was your first 382 retracement right there. That was remember a high here on August the 14th came there took uh what 2 days to make that and then coming down had a rally here. We're in a downtrend and all we're looking for is another little move like that. This is what I'd love to see is to see this repeat right there. That number is at 2960. Might even do it with the Fed doing something. But if you move that from your high to your low, where does that take you folks? right into the old promised land right there. So, write that down in your old record book. So, that uh we'll take a look at it. But that would be right around we'll call that 2950. That's up 41 points. It's like one of these quick moves like this. If you get there, you got to have it sitting there right there at 29. Uh actually, it's 2955 is the exact number. I better put that in cuz someone's going to come back and say, "Oh, you're saying it was this and and I'm usually wrong anyway. 2955 is the 382 that we're looking at. You have to risk a stop above 2985 75. You don't want to risk more than $1,000 on it was crazy as it is." But anyway, that's with the Russell. It's a very large one, of course. Uh the other thing that's happening that people it's in the news constantly with AI. I mean it's much like we had Apple when it was making all those wonderful products. But uh the stocks are not going up folks. No matter how good the news is, they go up for a day or so and then they give it back up again. So that's not that's not the way the market's supposed to go if it's really bullish. Speaking of that, let's take a quick look here at Apple and see how it's doing today. One of the things we do like to watch a trade a it is right here. And we'll put the 60-minute up. How's it doing today? Yep. It's back up near the high again. Yep, it almost is. There you go. See how much did we come back? Okay, we had a retracement here. Let's see if the old 382 stuff works. There was your 382 right here. So, the next 382 would be off of this one. And there it is right there. And what is that? That was your low yesterday. Exactly like the 382 here. There's the 382 here. And now we're heading back up again. And oh dear, we're almost there. Let's get this together because we got to have a little fun with this one. Okay, we got a lot of stuff going on. Let's clean everything out. First thing you do is you go back to your low right back here. I'm going to throw it over here so I can draw it more clearly. There's your AB leg there. There's your CD leg right there. And so that's it right now. That would be a sale here at 334. The high is mean 3 is 1% of this is $3. So you're going to sell it at uh 3 33. It's a 33297. You're going to sell at 333 and you're going to stop it right above here at 36. So we're going to put that in right there. You don't have to risk three bucks to sell it. That's an ABCD coming in right there. Got all the stuff you can ask for. Son of a gun. It looks pretty good to me. Now, let's move it over a little bit and see where we are on the longer time frame. It looks like we're bouncing right up against the old 786. Let's just double check it. And there it is right there. Shut the front door and race around. Now, there's where you want to buy Apple right there. Back there on June 20th. There's your ABCD pattern. And then away she went. Okay, we got this out of the way here. And next thing we want to look at over here is we covered the Russell. We got that done. Let's cover the stop and P. And it is Oh, no. There it is. Right here. This is an important one, folks. Here's the S&P. Now, we're going to get it up on the 4our chart because that's what we did our work on. There's where we covered it right there. All right. Well, we whatever it happens to be. I said, "This is you have to cover here, folks." I said, "Because it's an ABC at a 50% and look what we've done. We rallied back to the 50% level uh several days ago and all we've done here is just go back and forth. Before we came out of here like scalded ducks. See how it jumped out of there really quick? Not so not so quick this time because the market's changing structure. It's getting weaker and weaker as we look at this on the shorter term basis today. just watching it on the 8 minute. You can see here we had some nice little ABCD patterns right here. I pointed this out to you before because this was a this was early morning before the open right here. Here was your open right there. There was your opening price right here. But here was your first big correction. It took about uh 4 hours to complete that. And so that's the one you'd want to be watching. There's your low to your high right at your 382. That makes this an ABCD pattern. We'll just draw it in from the low right here. There's your ABCD right there at the 0 382. Where does that tell you? Should get up to that level right here. So, we're going to take a look and see if we made that. There it is. Whoa. Let's get it right there. No, because I'd be in that one. There it is. Right there. And the high goes right there to the old tickerino. And that's at 98. And now it's trading $1,000 under that. And and look what we're doing right now. We're making a mini 382 retracement as we speak. And we might be getting it there. I don't know. 83. It's only four or five points to look at that. But uh that would be a sell point because it's taken almost a half an almost 40 minutes to try to make this 382 retracement. So market's weakening a little bit. It's not strengthening. So, those are the major ones that uh we're sort of paying attention to here uh tonight. Okay, let's get that out of the way here. I prepared all these to see, you know, what we're doing now. Now, we did have another one here that was we already covered that. We've covered the YM. We've covered the gold, the NASDAQ. Here's our NASDAQ. As we get up here to take a look at it, still got a lot of power in it, but you can see this is the action from uh yesterday. There's the 15th. Here we are into the 16th. All right. Now, since uh the early this morning now, we did not make any big ABCDs here as of yet. So, here was early morning. This right around midnight. There's here's our early morning. Okay, we have a little ABCD here. Let's just follow it up. Just see what it's doing. Now, this all it does is ABCD the whole way. So, here's the overnight low right there. Overnight low to your early morning high takes you to that one right there. Okay, that's that's your ABCD on that. Okay, so that means that this ought to be a a 382 off of one of these numbers. I will try it here, but I don't think it's going to make it. No, it's not that one. So, it's going to be on this other one, which is the higher low. And that goes actually to 50%. But that tells us, what does that tell us? It tells us that the ABCD should be right about there. So, we put that there. And there it is. We'll be right back. 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 Pesto'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. 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 NYSE American and TSX under the symbol VGZ. Okay, folks. This is the US dollar index. I I don't trade it. I don't know anybody that does, but it's an index because it's important because 53% of it is weighted in the euro. So, this is a combination. I think it's 29 different countries are under this one here. So, each of them has a smaller percentage. Of course, the three big ones are the euro, the pound, the yen, Australian dollar, Canadian dollar, Swiss Frank. Those are the big five. And the rest of them are all mini stuff of Thai bot and the clunky or whatever it is and and cold and klutsky. I can't remember exactly. Anyway, there's where we are right now. You can see here we've this is where we are. You can see we completed the ABCD here just back here in the eighth. Now, we're having a nice rally. This one lasted 1 2 3 4 5 6 7 8 9 days. 1 2 3 4 5 6. We're in the seventh day right here. Okay. And if we go to our next high, remember, we're getting really close to a bottom in the euro. And that's going to be pretty close. So, here 382 comes in right about here. So, we got to watch it because it's taking a lot of time. If it was really bullish, it would have screamed like this one did. It didn't do that. See how the difference is and it should have been a lot stronger. So, we're looking at that. So, the best thing to watch now and this is one of the things we have on our watch is to watch how the euro is making its bottom. So, we'll bring the euro back up again so we can look at it together. And here it is. We'll start out here with the daily. Here we are with the daily. Now, look how close we're coming now. You see, we're already got it drawn in. We needed to get just a tiny bit lower and that'll match up with the high in the dollar index. So, here's where we are. You can see we haven't made a lower low yet, but we're getting really close. That means we got to come down to here about another 30 or 40 pips and it's going to have an ABCD probably right at right around 11,500 115. Watch that number because that's going to be an ABCD and it's going to be at the old coveted 618 level. If you put that in there right there, that would be 618 ABCD. And that number, we're going to draw it in. So when we talk about it, we'll see. We were looking at it. It's going be 1.1 1.15 1. So that's what we're watching to see to get down here. We need about another 30 uh three 30 some pips here. And 300, excuse me. 30 some pips to get to that level. to get to that level, we should be okay. That's down quite a bit, folks. So, it's going to be a while before it gets there. It might take a few days. That's about uh Yeah, that's going to take a few days to get to that level. So, that's what we're paying attention to. It's very similar. You can see this pattern that we have right here is similar to this one that we had right here. If you looked at that real closely as it was coming down, there's your high. There's your exact 382 almost to the tick. And that gives you your ABCD right in here. And so we're right in this area right here. So we've got higher bottoms, we got lower tops. So it's going to change its tune here around in this 115 level. 1.150 is what we're watching in that. Now, let's take a quick look at the old red metal itself, copper, because that's had a big move. And I'm thinking we might have made a 382 retracement because of the big rally we had today in gold and silver. So bear with me as I bring the copper up. It's right there. We'll put the hourly up so we'll be able to see the high and everything and see if we made the 3. Oh, we might be making the old 382 after all. There's an hourly chart. Okay, look. Well, wow. We're really close. Not yet. Boy, it is really close. We might even be there. No, but boy, it's close. And that number right here is at 656.6 more cents in the copper. You got to watch that. So, let's put that in our limit minder to see what we're watching here. This was our high. Now, remember just a second ago, well, just a few days ago, we were making all of these ABCDs. If you remember, I said, "La, look at this. We make a higher high by a uh hair's breath. It's like getting a cup of coffee and then major leash." You go up and you see half of an inning and then you're back in the minors. So that's it. What are we doing? We're having a real strong trend down. When you have a strong trend down, what do you want to do? You want to look for the 382. Oh my gosh, I was a poet and don't know it. I makes it rhyme every time. Strong trend down. Look for the 382. It's taken one two days here to have that. So, uh, really I I've got this put in here really close to watch that 6 cents higher in the copper. I'll probably just have an order setting there and you have to risk about a thousand bucks to trade copper anymore because remember copper this is this has been a move to make the bond move look like something. Look at this on a monthly chart what we've done here in copper. Look almost uh to that level right here. I don't think we've ever been that high. No, not even close. That's been an all-time high and almost made the 1.618 expansion up there but uh didn't quite get it. But here's where we are right now. Let's get down to the daily. What we were talking about and now we're looking for that retracement back into this area is what we'd have to uh take a look at. Now, let's take a look at soybeans because we think that we're making some type of a long-term top in the soybean market. So, here's the November beans. Let's get those out. Those are right there. There's the November. And you can see we tried to make another new high today. We missed it by a little bit, right? The thing really had a heck of a move, didn't it? Son of a gun. Yeah, it almost made a new high, but it broke and not much happened. So, let's just after it had the hard break, let's just see what happened. If we had anything there. Well, there was one thing that you could have looked at. There's your first retracement right here. Let's see how close. Well, it's 50%. I can just tell you that. There's where it is. Well, it's right at the 382. Then we make another one. Let's see how it rallied from. Same thing. Exactly 50%, this was 50%, this was 50%, and we're still going down. So, that means we have to take a look at the bean oil. And you remember we had a 135 pattern in the bean oil that we really liked. Get that daily chart up here and hopefully we'll be able to see it without too much trouble. Right here. There it is. There's the 135. Let's draw it in so everybody can see the numbers and everything. There's your 135 pattern coming in here. And look at this. It's still heading to the downside. Nothing uh unusual. Now, uh on this one right here, uh we we sold the 382, but we got stopped out uh on that one. And then the other one came in uh you know, four or five days ago. We missed, but we had a nice little one today. if you're interested in one worked actually pretty good, but we were not interested in we're not interested. I just didn't have time to put it up to see what it was doing. But that was a really nice pattern here cuz you've got the 135 and you still got lower tops and uh lower bottoms in here. So, this is still a down trend and now we're heading down even lower. If we looked at this uh on the 4 hour, it might be really easy. Ah, there it is. It's really super easy to see cuz there's your there's your little retracement back today. Nothing more than a 382 retracement. Oh, nope. It's 50%, maybe even more. Yeah, it's almost exactly 61 and then it gives up the ghost, but it's still in a downtrend. So, the bean oil is in a downtrend. Well, maybe the crude oil is going to be in a downtrend. Well, it is so far cuz we're down what? $5. Well, we we're more than we were down almost $6 a barrel early this morning in the crude oil. So, let's see what it's doing now. Stay tuned. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and 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 tfnn.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 Pesnto'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. >> 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. 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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 tfn.com. Then hit watch tiger TV. Okay, folks. I'm back. Uh the crude oil is moving a little bit lower. We just had that 382 retracement up into this area uh right here. I don't know what what is going to happen with the Fed. Nobody else does either, but the odds are that they're going to increase uh interest rates. Well, in interest rates have been increasing for the last uh seven or eight months. So, uh I think that maybe it's time they ought to come up and tell us. Remember, the Federal Reserve Bank, folks, is a private bank for bankers. They don't really just because it's on Pennsylvania Avenue right next to the White House, everybody thinks it's a government building. I don't think so. It's not a government building. It's a private bank for bankers. And um anyway, if you want to interested in that, read The Secrets of the Temple or The Creature from Jackal Island. Either of those books really explain what the Federal Reverse uh Federal Reserve does and some of the manipulations that they use to keep everything safe. They do a relatively good job, but their primary interest is them first and then the public second. I can promise you that 100%. Uh that's why everything's kept private over there, boys and girls. Now, you can see here this U crude oil soybean oil is also starting to back off a little bit more uh today. Uh sort of missed that one, but uh we looked at a couple others that did pretty good. And that's really what we're trying to do is to find a few that uh line up relatively well. Now, tomorrow we're going to try to have Paula T Web as our guest. Uh on Thursday and Friday, I'm trying to get to have our friend uh Mr. Mike Moore of Moore Analytics because he's been telling us this crude oil is going to go higher and it certainly has. I'm anxious to see what he thinks it's going to go a great deal higher or not. We'll find that out from him. So that's what we're watching here today, folks. So live every day in an attitude of gratitude and may God bless and do something nice for your neighbors and the poor people because people need help out there, folks. So, if you got a little extra, try to help somebody. We'll see you on the flip side tomorrow, boys and girls. Steve.