September 18th 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. [music] Trade what you see with Larry Pavvento. [music] Call now toll-free at 1877-927-6648 or internationally at 727-8737618. [music] Now, Larry Pesventto. Okay, folks. Uh, it's not going to be TFN today. It's Ripley's Believe It or Not. I'm sitting here this morning and I'm watching CNBC and they have an analyst on for Nike and uh it's gone from 180 to 36 and the guy said, "I still like the stock." And I said, "Well, let's take a look at it. As you can see, it made its high in 2021." Now, I don't know, you don't have to be a rocket scientist, but somewhere in here during this down move, there should have been a spot that said, "Well, I think I'm going to have to change my mind about this stock." Now, as you can see, we've had a lot of move down. And you can see through here, these are almost all 382 retra. This is weekly, folks. So, you can see that these are really big moves. And there's your 50%, okay? The second one, you start seeing 382s in here. Okay? And then as you go down farther, they still continue to go down. You'll be able to see them one after another. There's another one right there. And we're still going down. And there's some more in here. But there's got to be somewhere where you say, "Well, I'm going to have to call uncle because something is not right." But for the guy to say that he still likes it after that, good good luck trying to folks. I I hope he does okay, but uh I don't think I'm going to let him handle my portfolio. That's my uh two cents worth. Now, we had a couple of things that we've been talking about for several days, and one of them has been the crude oil. Now, we switched over to the November crude today, folks. I wanted to bring this up here and just show it to you where we are. There's our November crude. Now, there's where our big ABCD was there. There was our first 382. There was our second 382 that led to the bottom that we had right down here on the 17th. We'll draw that in. There it is. Misses it by a few bit. And then we had the double top up in here. Uh well, it went a little above the 382. It didn't quite make the 50% and now you can see it's dropped another 170 uh points to the downside. So crude oil is still looking a little uh on the on the uh what do you call it the uh short side. Anyway, remember when we were up here just the other day. Remember now this is the November contract because of of a contango. The uh things are selling you know uh uh reverse than the other ones or they're cheaper than the other ones cuz they're expecting price of oil to come down by November. So that's what it is. You can see there's the pattern that we had here that we saw in the in the October contract and now we're looking at the November. So, a little bit different, but it's still tradable, especially when you're looking, you know, at the smaller time frames like uh like we're looking at. Okay, I covered the Russell. I've covered the S&P. Now, let's take a quick look here at the NASDAQ. As we were looking at the NASDAQ here last night, I have to show you a couple little things here, folks, that I think you'll get you'll get some enjoyment out. There's the NASDAQ here. You can see on that big move down, all we did was come down and make a 50% retracement. There's not even not even 50%. Went halfway between 382. Now, we've had the ABCD pattern right here. Almost made the exact 786 where the S&P made the exact 618. This did not. All it did was make the ABCD pattern here. It's done very little. We have a bifurcated market, folks. The Russell and the Dow Jones are very weak. They're in bare markets. The S&P and the NASDAQ are still in bull markets. That's basically what it looks like when you watch these things unfold. There's nothing else you can do about it. Now, let's take a look at the Dow Jones. As we look at the Dow Jones here, there's where we were. We made the big ABCD down here. Remember, we had that monster rally. Rallied a,000 points. And where did it stop? It stopped at just a little above the 382 of that move right there, folks. That's what it did. Now, remember the last time we had one of these, the market rallied like that. And what did it do again? It rallied just like that. Bada bing, bada boom, bada bing, bada boom. This is right out. That's that's little musical stuff I get from my good friend Dean Martin. But I will tell you this, uh, these markets do repeat. And we know that by looking at the work of Andrew Low from MIT on the non-random walk route down Wall Street. They do repeat uh and they are predictable, but the problem is they're predictable within limits. And there's where the problem really lies. Okay. Now, we've been also following the gold mark for quite some time. And I'll get to a couple others. Oh, here was our trade of the day, folks. Meant to put this out. We set this out at midnight last night. We were sitting right there at that 27 uh se 1727. I said if you can't sell this one, you can't sell any of them. And there it is right there. There is your 38. That was actually the 382 of a larger move right back here. All right. And there's where it was. And here's where we are coming down. And we're start coming up. Interest rates are going higher, folks. Well, listen to those guys at the Fed. You can do what you want. You got to go where the market is, folks. the market's the real money where people are putting their you know shekeuckles on this stuff and that's uh that's why well this my opinion of course so that's uh that's what I'm watching here uh today. Okay. Now what we're going to do now I want to show you on just experimental purposes because I haven't done this for a long time and that's by the way we're taking a look here at the gold market. Let's get it up here right now. This is the AB equals CD that we had here at the bottom. You can see the market is moving up just exactly right off of the low and it looks like we're going [clears throat] to back off a little bit right here and then continue higher for the rest of the day. Remember, it's only a probability, folks. There was your low came in. The other low came in and this is where it started up was right here. As you can see, if you want to buy that breakout, that's that's what you want to do from $394. That's $3,000 large, folks. And look at that. How much heat did you have to take on that one? shut the front door and raise the rent. That's why you got to watch it. Okay. Now, what I would be doing now and I will be doing is I'll be watching for a 38 true. If we get one here, maybe come down into this area right here. That's only about 17 $18. We could easily do that. So, I want to see if what happens at that time. And all these are these are times that have been related to previous highs and lows over the past uh you know 30 days. And you go back and look and the computer goes back and said, "Okay, how many times did this thing bottom at 10:30? How many times did it top at 1300?" And it gives you, you know, rough idea that, you know, those numbers are right out of the floor trader handbook. And you can do them yourself. It's not hard to do. You know, it's really not. Okay, let's move on to the next one here that we want to talk about. And that is the one that I really messed up badly. Well, not badly, but I actually don't do it because I don't trade. But I gave you guys the recommendation. And that is [clears throat] our good friend Mr. Appel who's down by the well. Get that up here on the daily. We were sold out at 35 with a stop at 38. And guess what? It went to 39 and 18. So, we were taking a three-point loss on that. The stop would have been at 38 right there. We sold it at 35 right there. And we're back to 35 right now. It didn't make a higher high today. As you can see, that was at 30 uh 39. Uh no, no, actually was a little bit lower high than this one right here. We didn't quite get to 39, but our stop was at 38 and the high was 38.49. So, we got stopped out at that one. And I Hey, I don't do stocks. I'm just telling you if I did it, I would have been out. Now, let's take a look at Intel. And that had all the good news. If you'll remember here, yesterday we had big news in Intel. Well, it was going straight up. And if you stay tuned, we're going to take a look at Intel. [music] 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. 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The reality is that navigating financial markets [music] can be risky. Markets can be chaotic and difficult to [music] understand. Having the latest market advice can help you turn this [music] chaos into a key for creating winning trades. At TFN, we understand [music] 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 [music] tool for every trader out there striving to find an edge in today's markets. [music] TFN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any [music] of our great newsletters risk-free with our 30-day money back guarantee. Just [music] visit the newsletters tab on the front page of tfn.com. TFN, [music] educating investors. [music] Okay, folks. This is Intel. Now, this one worked better. We were selling that at 111 and the highs uh 111 U 97. There was our ABCD right there. Now, I extended this out, but there was our number right here yesterday. Okay, now you can see it's down today to 107. So, that started $4 in the right direction. The stop would have been at 115. So, keep your stop. You could put your stop at break even now if you wanted to, I would think, cuz it started to come down pretty good. Just looking at it on a shorter time frame today. Uh yeah, there was we started to break here. There's where it was Friday morning. Okay. Oh, we got up to 12. Humpy darn. It did that. It didn't even show that on the uh on the daily chart. Look at that, folks. That shows 1280. Oh, it had You know why? Cuz I've got delayed data. See, the high was 1280 cuz we were selling at 111 and 1280 was the high today as you can see from that. And we'll just get that up here. Put that right there. Uh there it is. What we want to see. Yeah, there's our high right here. There's the open right here, folks. Now, there's here's a nice little trick. If you're looking to sell it short, look at this, folks. You have the nice little move right there. There's your opening right there. and it rallies up to the 382 and then bada bing bada boom bada bing bada boom down she comes. So that's why it's good to be watching these things if you're interested in them. All right, let's move this out of the way here. One second. And uh this is the gold continued to go higher. We'll see if it's going to continue to work out. They don't always do, but sometimes they do work. Who knows? Uh all right, let's move over here and we have to talk a little bit about the uh foreign currency market here, folks. So give me a second and that's going to be about the Japanese yen. I want to show you how you can be so frustrated in this business and wonder and say what did I do wrong today? It wasn't much that I did wrong but I want you to let's get rid of this. Uh we don't need that anymore. I have too many things to talk about folks and so I'm afraid that I have to get on here too many times to get them in. This is all too much. I have to change something here folks. What I've got to do is to go to my windows and tile vertical. Then I can see my Japanese yen, my good old buddy right here. Cuz here's when I put the trade on in the S&P last night around midnight. There's where we were. You can see here's uh this is of course this is a format. Let's go to the hourly chart. Well, this is the one I did it on. So I was selling this 382 right here. It was right about midnight. If we go to the hourly chart, I think you'll see it just perfectly cuz there it was right about there. I was selling it right about there. Okay, there was my cell. Okay, now the market backed off and went all the way up here and then it came down. But I had an order in there. We lost uh $200 on that trade and then it had the big move down. It's not big, but you know, it's come down quite a bit. As a matter of fact, if you look at this, all it's really doing is just basically making a a 382 retracement just now. So, there's nothing really super negative about it. All right. So, that was one that just didn't quite work out. All right. We'll get this out of the way right now cuz I'm not interested in that anymore. I'm not interested in Nike. I'm not interested more in the NASDAQ. I'm interested more in some of these other things. And what I wanted to talk about here is I'll cover the crude oil. All right. And all the other stuff. So, let's take a quick look at crude oil cuz we want to see. It's supposed to be rallying and I'm not sure if it is or not. H went a little bit below it here. So, that's a sign that it's not working, folks. That tells us that this is not working like it should be because there was your 382 and it should have made a bottom uh right in this area right here and it's not. So, it's not working the way that you expected it to do. All right. Now remember this is the two-minute chart and the other one we're looking at was a little larger time frame because what they've done now you can see in the November this is November that we just showed you. Here's November on the longer time frame. Okay, this is the one we were looking to be the trade of. There was our trade right here. There was your 382. It went against us by about 60 pips and now it's ahead by almost $2,000. There's your ABCD move right there. It was the same thing right around midnight that we were talking about it. You can see there it was about 6 hours ago. And there it is. And why golly, it's starting to work a little bit. That's what we're waiting to see. And sometimes they work, sometimes they don't. I keep saying that, but it's the truth. All right, let's move on here and get this one out of the way here. We've covered Apple, so I don't need to see that anymore. Get that out of the way. I got to take a look here at the soybean market because had some bad news hit it. I heard on the news today that uh they had stopped some shipments somewhere. Whatever that meant, I don't know. But here is the soybeans. We'll get the November's up here. They're probably Yeah. Oh, gee, have they sold off a lot. They haven't sold off hardly any. Okay, here's soybeans on the daily. So, let's switch down to the hourly chart and you'll see that uh well, it's had a correction. By golly, that is it is down quite a bit here from the high from 33. It stopped 30 cents. Okay. Now, here's our here's our action today. There was your ABCD. There was your rally up. Okay. So, that means you have another ABCD coming in yesterday as and today uh just misses the 382 here this morning here on the 19th. Also happens to be Tom Huggard's uh birthday today. So, wish him a happy birthday. He's 56 years old. And uh there's where his book I believe the uh the best loser wins has surpassed the largest number of sales in the European and Asian markets, not US but European and Asian markets that they've ever produced. And so that's really a good uh uh some a feather in his cap as you can see. So anyway, we missed the uh the 382 here by about a penny and you can see we're still still heading down. that been nice if it hit it exactly, but in fact it didn't. So, let's take a quick look since we're over here. We'll take a look at the wheat. It also had some really bad news and it said that the people in uh the Crimea or wherever it was, let's get this up here on the daily. It should have got hit pretty hard. Yeah, we got hit hard here. You can see the wheats coming down here uh pretty good here today. There was our ABCD up here. What we'll do now is we'll go to the hourly chart and uh we'll see if there might have been something that would have told us. Okay, there's the hourly chart and uh there's today's high. Um this is the 19th. Yeah. No, this was yesterday's high. This is the opening right here. This area right here that let's go to a 8 minute or 13 minute and see if that might have been a little 382 right there. That would have been this one that I'm looking at right there. that 382 and it is not. Let's see where it goes to. Oh my golly, it did. But that's so that's only four or five cents. But uh you can see have you have lower tops in here right now. So that was telling you that something was not quite right. And then of course once it did this early in the morning, open slightly higher and then bang. And that's 25. That's uh that's $600. You straight down without too much. And if you look at it, you'll see I believe that completed the ABCD pattern almost exactly. Yeah, there's your ABCD pattern coming in on the week now over the last 3 days. So that's pro Oh, we're taking out these lows, too. So if you're looking for value, this is it. It should hold this level, but it's a Friday in a down week, I believe. So I would be a little reluctant to wait. I think I'd wait to get uh get more information if this is going to hold this level. That's what I'd be doing. Okay, so let's uh I think we have a break coming up pretty soon. Uh Paula T was supposed to be our guest today, but she has a meeting there at the sheriff's department there in San Bernardino where she's the head chaplain and uh she has her own Glock, folks. You don't want to let a redheaded woman have a Glock. Holds 14 shells. Shut [music] the front door and raise the rent. >> [music] [music] >> If you spend any time [music] 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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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 [music] expertise. Introducing Fibonacci 247, Larry Pesvento's daily trading service [music] that turns the complexity of markets into opportunities. Published every Sunday. Receive a comprehensive report packed with detailed commentary, [music] charts, and videos that illuminate the patterns shaping the markets. With updates throughout the week, exclusively for subscribers, whether through charts or videos, [music] 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. 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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 in [music] folks. We're going to take a look at Bitcoin here for a couple of our friends. And I would like to show you a couple things here. Now, this 382 comes in at uh just under 84,000. It comes in at uh oh, exactly 84,000. Now, that's the 382 off of the high that it made in October several years ago at 126,000. Okay, that's the 382. It's important. Now, the reason why is look at this. It's the biggest mover today. It's up 5%, folks. That's a big move. Now, you can see the low that we made here the other day. All we're going to do now is we're going to double check. I've never traded this, folks. And I don't intend to trade it. I'm just showing it to you. And you can see there it is right there. Right there in front of you is the exact 382 3 days ago. Stopping right there. And I want to watch this one right here because that's going to be where the big daddy gets ready. The big daddy rabbit comes out of the brush and starts to dig for carrots. Anyway, that you're going to have a one, two, three drive to a top pattern up here. You're going to get everybody bullish because it's going to take out the highs of uh May. And what does that usually mean? It might be a reversal. But let's watch it because these numbers are big. This a trillion dollar market, folks. So, it's worth the thing. But if you look at all this other stuff, Bitcoin is the only one that's up. There's a few that are up minor. You can see here, this is the uh uh semiconductor. It's up. Look just very slightly with all the bullish news that's out there. This is all it can do. Look at some of these days. This is not even moving, folks. This is not good action. Hello operator. Of course not. You can see here that uh we take a look at the Nifty50 and it's it's not so nifty. It might be 50 but it's not so nifty. Here we have the Japanese market. So look higher high lower already down on the day. Lower tops in here. That's not [clears throat] good action. If we look at the German DAX right here, it's now down on the day. It's down at a fact a whopping 1%. If we New York Stock Exchange index still moving lower. So, we got a lot of things going on here that say might be a little bearishness out here somewhere. So, let's get back to the promised land here. We'll take a look at some other things that you folks want to have asked me about and I'll give you my what we call the best guess scenario. All right. One of the questions we had was what about the alfuego in the soybean meal? So, let's get that up here and take a quick look at it. SM is right there. There's soybean meal. All right. So, we're going to bring that up. This will be Well, here's the December. Let's put the December up here and we'll be able to see it. Ah, it reversed today. That's one of the reasons why maybe this did. You can see we had a big reversal today. We went from 30fold. That's a big reversal, folks. That is 20 bucks. Now, we've had a really strong trend up and a really strong trend down. Now, this qualifies cuz you this is the worst day in a long time. Now, let's say that we don't know what's going to happen, but let's move down. Market's opened. We're going to go to the smaller time frame, 8 minutes, and see if we see a 382 that might have bailed us out. Okay. Now, here's the market. Uh there's was yesterday. All right. All right. There's what it was yesterday. Okay. Here's Fridays. Now, if you got it to blow it up a little bit to see if we can even stretch it out. There was your first thing yesterday was really telling you this was right after the close. Right on the close is when it all started to happen. But you'll see there was your 382 retracement right here. Right on the money, honey. And there it is. And then since that time, I don't think there's been anything like it. We have to go down to a 13minut just to see if we can find something. And I don't believe we will because it looks like it's straight down. Yeah, there's not even a rally here, folks. It just boom and then and down she goes. There's nothing wrong with a market like this, folks. You got to learn to sell weakness cuz it breaks below this breaks below this. Look, it just keeps dropping. Just like when it went up, they go down the same way. Bada bing, bada boom. And that's why you got that's where Hogard makes all of his money selling these things on the way down. just keeps pressing and pressing and pressing and uh okay, let's move where we are now. Right, I've got a position here. I'm watching in the gold. I want you to uh got still going higher. That's what I wanted to see here. Here's the here. Let me show you an enigma, folks. Enigma means why is this happening? It shouldn't be happening. Interest rates going higher means that people can get good money for their bonds. Gold does not pay interest. So, when interest rates go up, gold should go down. That's not always the case, but that's the rule, one of the golden rules. Now, let's get up here and we're going to look at this on the 4 hour and then we'll look at on the daily. There's the number that I've been waiting for, folks. That's at 4457. What is that? That's the 382 of this whole move. That's the secondary high. All right. Now, we're going to take a look at this and move it over a little bit so you can see the whole Look, this is where we were when we made our big high back here. remember at 59 million or whatever it was 56,000 see lower tops all the way through here and what we're doing now is assume for the last uh since August when we topped here on August the 25th we've been coming down all right and this is our 382 coming in right here at 4455. I believe that's going to give a little bit of resistance because it's taken 3 days to get to that point just like this one took two days. This one's taking three days. Now, let's get back on our wonderful horse silver and go take a look at the Lone Ranger silver mine and we're going to look at silver Clayton Moore, also known as the Lone Ranger. And did you guys know that he really was a Texas Ranger? Cuz that's when he was he was when Tanto found him. He was the only ranger that was still alive that had been massacred. And that's why they called him the lone ranger. And here's where it was my favorite cowboy uh growing up until I heard about Roy Rogers and then I switched over to Roy and Dale and the old Nelly Bell and the whole pit. I have some trivia for you folks. You're going to like this. All right. If you like cowboy movies, you already see these guys. You know, Bat Mastersonson and Wyatt Herp and everything. Do you want to guess which gun of all the cowboys, which gun got the most money? Now, I'll give you a hint. Bat Mastersonson's 38 Colt sold for $283,000. Okay. Wyatt Herp's guns went for about a quarter of a million. Roy Rogers Twin 45s went for $465. But the number one selling handgun, I don't know about the rifles, number one selling handgun was none other than the Duke John Wayne. his 30 or uh 19 was a 1901. It was a uh uh excuse me 181 1886 Colt 45 single action sold for $517,000 at auction. A half a million for that gun that cost $30 when it was issued in 1886. Is that a good idea or what? Shut the front door. Okay, here's where we are. There's silver. Now, what we're going to do now, you can see silver's doing the same thing. Let's go down to the 4 hour like we did. We've had a nice rally here in silver. Did we make a new high here yesterday and today? Yeah, I believe we did. Here's where we are. Now, there's Okay, we're going to cover this when we come back. Stay tuned, folks. Stay tuned. [music] [music] >> [music] [music] >> Many trading newsletters attempt to focus on a narrow set of equities or commodities. 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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. >> [music] >> Okay, folks. This is silver. Now, you can see we do have a 135 pattern that is lined up pretty nicely. Uh you can see here, this was uh we got to do both of these from the high here. We're a little above the 50% of the high from right back here. And if we did it from here, you see we probably spot on exactly at the 786. So, we got two of them telling us that's where we are. So, if we don't get any higher than this, I expect the silver to be and gold be coming down here on Monday. You can see the ABCD. Now, you see this 382 here, folks. I want to just show you we have a big move going up here, folks. Now, remember, when you see a big running move like that, first thing you want to do is look for the 382. Now, you can see it misses it by about uh about a nickel. And then, of course, it goes up and makes another new high. And you want to keep keep following that 3A2 because one of them is going to hit spot on and there it is comes within a penny or two. And of course when it breaks it that means things have changed and then you want to watch for the 382 on the upside and that'll take you right to that level and that would get you short during that time. But look at this right here. We're going to move this over just a little bit to show you how important that one was because there was your low way back here on July the 17th. Look at this ABCD coming in right here at this 382 level right here. Okay, this is a big big deal. And look at the how it came out of here. El fuego like a rocket ship. We got all the way up here. We went from uh $10 an ounce in silver. When I first started trading, I was buying silver at two something an ounce and uh yeah, two no was it was actually [clears throat] a face value at a dollar, but later on I bought it in the open market for 280 and I sold it for $8, which was a lot of money back then. So, that's what we're watching. And this is a this is a bare market. Remember, the high in silver was 122. Get that up here so you can all see it together. There it was right there. 122. Everybody wanted it there, didn't they? Isn't that a big one right there? And we were pointing that out that look folks, there's something here known as guess what? AB equals CD up there at the price level of 119. So look, this is 121 was a high 122. Okay, now we got this out of the way here and see where we're coming. Let's move this out of the way. Uh, okay. We're getting a little rally in stocks. That's what I wanted to see. Hold on. Wanted to see a little bit of a rally in stocks. It's doing what it's supposed to be doing. Hang on in here. I made a really, really foolish thing, folks. Today, someone said, "Should I buy this ABCD in the Russell today?" I said, "It's [snorts] a Friday." I said, "It's not up." But let me show you that Russell because by golly, the son of a gun did exactly what it was supposed to do when Here it is right here. Get this up here. You'll be able to see it. And it's already made it that Oh, shut the front door. Here it is right here. Get this out of the way. H these guys changed these little things and difficult because there was our ABCD. Let's get the hourly cuz that's what he was looking at it for. And that's right here. There it is. Right there. Perfect ABCD down here at 68. It's now trading at 75. So, it made $400. Certainly would have been acceptable in the risk. That's a perfect ABCD. in the downside. It's also an ABCD on the downside of the secondary move. There it is right there. ABCD. Let's draw it in so you can see it. Well, let's go. Yeah, this is good enough. You'll be able to see it here. There's your AB. There's your CD. Have to extend it because of this big wide bar. Remember that calls for an extension to 1.27. And we'll draw that in and see how close we come to the promised land. And how close do we come? Uh oh, right on the money, honey. There it is. Right there. So, [snorts] we're having a good rally here. Should get a minimum of 382 on this with a couple hours to go on a Friday. And it is going to be uh well, I know the Dow's down or they're down quite a bit. They'd have to rally quite a bit to get to be uh unchanged or up on the day, but uh we'll see uh what's going on. Anyway, these patterns are going to continue, folks. They've been this way for ever since I've been looking at them and I've looked at everything that I could see over these times. You know, my my hobby is looking at charts and that's uh that's what I like to do. So, we're watching it right here. Now, we've got the the meal. You have to watch for a retracement here to get short some meal here. Looks like it's made a major top up in here. And uh that's pretty much here's where we are. It's coming up pretty good. Uh let's look at this on a shorter term to see where the 382 is on this one, folks. That's uh down there quite a bit there. There was the high here overnight. Okay. So, that's going to be your overnight. There was your early morning right there at the open right there. There was your boom boom. There was your 382 right there. There's your ABCD to the downside. So, we'll just clean all of this out. Uh let's do it the easy way. Let's go to a 4m minute and we can see it without any trouble. And there's where we are right now. Okay. This is a very important high. So, we're going to see what we're already above the 382 already, I think. Yep. We're at the 50% level right now. And we still got two hours to go. So, odds are what it's going to do is go up and make at least the 382 of this move way up here. That's not very far away, folks. That's just 7700. That's [laughter] nothing. That's seven. That's seven handle or seven point. Yeah, seven handles. They can be there by the time I finish this sentence. Oops. That's too late. The sentence is over. But anyway, there's where we are right now. And uh there's a small tiny then this is too small to trade. But uh that's basically it. So this is the uh the number to watch should be here at 7700. We're at 66 7693. Seven seven points away. We're very quiet. You know, this is not jumping around like it did here. So we're we're going to be watching that right now. But remember this number back here on this long-term chart of 4 hours. That was exactly 61% right there of that high right here. And I'll Wouldn't that be something if that were a a 382? Let's just double check. Oh dear. I think it's spot on, isn't it, Larry? Bada bing, bada boom. What do you think? There it is right there. And it did it. If you looked at it in A B C D format, there it is right there. All you got to do is draw it in and you're going to see it. Bing, bada bing, bada boom, bum bing. There it is. That dirty old thing right at the old 382 and it's rallied 17. Anyway, that's what we're watching here. We got a minute to go till the old uh clock on the wall. If you're still short the the the bonds, I'd stay stay short the bonds. It's still looking okay. uh if you're in that euro uh that we really recommended that one because of that 382 last night and the euro was just unbelievable out there at 29 uh 08 and here we are you know 30 35 points lower and still looking you know rather uh rather sparse on the upside. So now here is someone that we need to pay attention to is Mr. Euro because we have broken down way below the buy point. See, our ABCD on this was uh up in here 115. That's where we covered the short and went a lot lower. Uh and now we've been able to do absolutely nothing here. So, [snorts] if we look at this on a hourly chart, you're going to see very little happening here yesterday and today. No rally at all. So, this market, there was a target. Look where we are now. This is very bearish. That means that the US dollar drum roll please. Drum roll. Thank you, Al. Here it comes. We'll be talking about it when we get back. Stay tuned. [music] >> [music] >> 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 tfn.com. tfnN, 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. [music] 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 [music] expertise. Introducing Fibonacci 247, Larry Pesinto's daily trading service that turns [music] the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, [music] charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively [music] for subscribers. Whether through charts or videos, Larry's Analysis is your roadmap to navigating the markets. You can sign up now at [music] 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 [music] 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 [music] at number two for the year. An amazing accomplishment. Steve Rhodess is committed to sharing his techniques and knowledge [music] with anyone who wants to learn. And he shares his vast amount of trading knowledge every day in his Mastering [music] 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 [music] have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days [music] risk-free today. TFN, educating investors. >> TFN has launched the Tiger Zen, hosted at Discord. TFN has been educating traders [music] for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tigers Day available to all Tigers and Tigresses for just $1 for [music] 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 [music] front page of tfnn.com. >> Don't forget, you can listen to TFN live on your mobile device 24 hours per day. Go to tfn.com and hit watch tiger tv. That's tfn.com and hit watch tiger TV. [music] Okay, folks. This is the the dollar index of which 53% is the euro. I wouldn't be short the euro. Uh folks, this is the there's the high today. Look, we're right at the low end of the range. It's 8 days up. This was 9 days up. Shut the front door. I'd be long the euro. And I think the euro is trading down here at what price? You can see it's bounced off the bottom here. I' I'd have to look at just by Well, let's look at the same pattern here. Look at the daily. Ooh. Well, we're on in there. Yeah, you got to be long the euro here, folks. Just by basing it on the dollar. It's too late cuz it's only got two minutes to go in this, but uh I would be uh where is it trading at now? I'd say I'd be long here at 144. We'll put this in here just so if it gets gets massacred, we're going to buy it right here on the close here. Uh just because of that dollar index chart, that would be 1.4812. We're going to buy it there at the risk below that level right here, which is about 50 points. And we'll see if that's going to help. But I'd be long there just based on what happened to that US dollar exactly at the 618 cuz they're reciprocals of each other. And as you can see here, this one is below that. Uh where is it at here? Ah, always do this to me. Yeah, you see it's already made it matched the low. Okay, so this is a good shot. It really is. See, it should have stopped at the 618 if it was like the uh dollar index, but it didn't. It went lower. So, you're getting a value here. Well, it's my idea of value. It's a asymmetric bet, folks, cuz you know how much you're risking. Anything below here, if you see a a trade below that level right here, then that means that uh oh, there's something seriously wrong. But that's what it looks like to me here. And as right now, if I just bought it, I now have a uh six pip loss. And if that's the way it is, that's the way it is. So live every day in an attitude of gratitude and may God bless. Have a wonderful weekend. Try to do something nice for someone that has a less than you. May God bless. [music] >> [music]