September 2nd Trade What You See with Larry Pesavento on TFNN - 2026

The following is a presentation of TFN. Trade what you see with Larry Pesventto. Call now toll-free at 1877-927-6648 or internationally at 727-8737618. Now, Larry Pavvento. >> Okay, folks. So, we're going to take a look here at the Treasury notes and u I'm not going to spend a lot of time on doing something like this. Uh but these two I'm going to because they're in the news so much. And that is the new notes in the bonds because they think there's going to be a pretty good rally here. As you can see, we did make a lower low today. We got down as low as 07. Uh that's, you know, seven, you know, that's only about uh eight handles, excuse me, eight ticks from the level we're looking to buy at, which is uh right about there. See, I'm thinking 10628. So somewhere between 10628 to 107 is where I'd be a buyer and then put a stop down at 10616. That means your risk on that would be a total of $250 which is certainly acceptable when you're trading something is this is the this is the most popular of any of the commodities that we trade folks. It has six times the open interest as the bonds. You know, I ought to double check that because that's what it used to be. I've been saying that for a long time. I'll put that on my memo here to see that that's what we should double check to see that we're doing. So, there is what we're looking at. And you can see what happened today. It didn't do anything. Just going pop it up. You can see. Wow. Had a big run here, right? You think that's a lot. Now, watch this. Just move this over a little bit and you'll see what it did. Didn't do anything. All it did, I think it made a 382 off of this high right back here. I I saw something beep earlier and I thought Yeah, there it was. It went right up to the 382 of the high we made way back on 3 days ago. Okay, now and that's all we've done. That's a that seems to look what it did. It gave it all back. I mean, I I I think we have to stick with the program and wait to see if it gets down to that level. Okay, it's certainly not running away. Now, let's move up and we'll take a look now at the Treasury bonds because these are pretty exciting. And this is, I think, the real reason why the rally in stocks and everything occurred. And that is this pattern right here. If you remember that on the daily basis, we talked about that because uh didn't draw that in, but we're going to put it in here anyway. Let's get it up here to show you what we were watching here. And that was this pattern right here. This three drive pattern that comes in right there. Now, could go a little lower. That's where we think it's going. But I think this is where it stopped because that was a three drive pattern. You had your drive one right up here. Drive two. And there's your drive three right there. And there it comes in right at the right. This is 127 of that. 127 of that. And it had a rally. But look, it didn't go anywhere, folks. This is not telling you there's a bottom in anything like that. Okay. So, what we'll do now is we'll take that and look that on the on the smaller time frame. And you can see we probably did the exact 382 like we did off the other high that we made back here in u just a few days ago. Okay. And we'll see. Well, that's the 50%. I wonder if we made the 382. That would that wouldn't be possible, would it? No. Come on. No, it didn't. Didn't even get anywhere near that. So, see it's still still got more to go to the downside. So, I leave that one as a a possible spot to, you know, be a buyer. But we have to Sorry, folks. All right, we got this out of the way. Now, I want to show you Christmas Day, folks. We talk about this probably three days a week when I bring on here, but nobody pays attention to it because it's not exciting the trading of the S&P or anything else. That is our good friend live cattle. And if you ever wanted to have Christmas present handed to you today, folks, this was it. Okay, there's your 382 this morning right there. We hit it 1 2 3 4 5 6 7 times. All you did, there's your ABC D from yesterday. That's yesterday's action. There it is. A B C D. And there it stops right at the 382. It's only down $2,000, folks. That's what the margin is. Margin's like 2500. So that's a heck of a move. That's a really a big move. So, you know, that's the kind you like to see. And you know, if you're looking at it, uh, sometimes it'll do it. Did I do that one? No, I didn't. I didn't see it until someone reminded me. Thank you very much. And I said, well, I'm glad it worked for you because I wasn't watching it. Anyway, that's what you're watching when you follow certain things. You can see the ABCD on the cattle here. Uh we talked about this, of course, because when it was happening, there's your AB, you know, CD pattern, you know, right in here. And we just well, we just completed it. Uh we went a little bit below it. So, this is uh where we're probably getting ready to be a buyer of cattle in here now. We're way below the opening. So, that's going to be a tough one to be a buyer of, but uh tomorrow you might want to take a look at that because uh that is a definite a b c d and uh yeah, because that takes up that. Yeah. Well, that that's that's well, I'd be really careful about the buying this one. If we get below this, it could really be some serious trouble. See, if it gets below that, uh that's what I'd be concerned about. So, I'm not going to be a buyer cattle. I want I would be still stay short and see what happens when we take this out. And then when we do that, it should, you know, continue on down and that will mean that we're probably going to go a lot lower. Let's look at this on the daily just to be safe. There is the big ABCD is coming in right here. Oh, wow. That's way down here, folks. That's down here another 13 cents possibly. Okay, so this is going to be uh really interesting to watch here. All right, we got that one out of the way. Now, what we're going to do is we've covered that. Let's cover the stock market. Uh, we've already covered the Dow Jones. This is the Russell. You can see the Russell has had a rally today about 45 handles uh right up here to the 382. It's been here for most of the morning. And the next one we're going to take a look at is the uh the E- Mini S&P. And it had a nice rally this morning also. One second, folks. Okay. Now, uh you can see the ABCD on this measures down to this level. Now, this morning we got down to 7620. Okay. And then we had a nice rally. The rally rallied from 7620 up to it rallied uh uh 60 handles right up to this level right here. There was a 382 of the whole move back here because you made a lower low. So you have to recalculate the 382 that came in at 82. So that's where we are right now. And it's been a straight up move. And you'll see here if we look at this on a small time frame, you'll take a look. We had one really good chance. And if you had to be watching it, this was uh, you know, right before the open, okay? Because there's your there's your uh there's your opening right here. Market rallies all the way up. When you have a really strong signal like this to the upside, what is the first thing you should do? And that is look for something like the old 3A2. And if you put that in there like that, you see it goes a little bit below it. Uh that comes in at 44, goes down to 40, and then it takes off to the races. And if you have that, that gives you the other ABCD to measure. And that takes you right up there to the promised land. And and that's what you're looking at when you're looking at the old 382. How do you do? Sharpening your skills as an investor is like getting better at playing a musical instrument. 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And we're right up to that level right here. And the number to sell at is right where it's trading right now. 32630. So 32630. You got to risk 1% because that's all you need to risk on this one because your stop has got to be right here at 330. That's where your stop would be. So you're risking uh four points which is basically 1 and a4%. That's not even 2%. So if we were to do this and we'll keep following this cuz this is a perfect gley. The stop would be at 330. All right, selling it at 32632. There's where your stop would be, right there. So, look at the amount. This is an asymmetric bet, folks, because look, your profit objective is going to be down in here somewhere. So, you're only risking $4 versus what your profit potential has to be. Now, you know, sometimes they don't work, but boy, this is this is what you look for. You know, this is a and not only that, you got the probability of better better than 70% because this is a guardly. Well, you look at this on the daily, you can see it just as clear as anything. And there it is right there. You take out the previous date high and that's what you're looking at. There's your ABCD right out of page 222 of Gardley's book. Okay, we got done with Apple. All right, now let's take a look at the British pound. We'll get up here in just a second here. We'll get her right here for us. to the number two spot right there and put the daily up and see if we're still heading down. Oo, we're getting real close to our number, folks. Hold on just a second here. Get it backed up here one place. Now, it's coming down nicely now. You can see right there is where we sold it. All right. Now, remember, uh, we've been talking about the each days. Now, we counted the number of days down. All right. 1 2 3 4 5 6 7 8 9 10 11 12 13 days down. This one is 1 2 3 4 5 6 7 8 9 10. Looking about Monday is where we think we might be looking at a bottom here in the uh uh British pound. Now, just for kicks and giggles, you ought to check to see what this low was from down in here. And as you can see here today, folks, we hit the exact 382 right there, right on the money. So, we need to get it below that to make sure that, uh, that's what we're looking at. But, uh, we're down here. 1 2 3 4 5 6 7 8 9 10. Boy, very close. I'm almost tempted to cover that. The reason why it's the same number of days down because we see the repetition. Let's do that together. 1 2 3 4 five 6 7 8 9 10 1 2 3 4 five 6 7 8 9 10 I got to cover it. Uh so if you're in that British pound position, folks, take it off because it's got a nice profit of well over See, six and six is 12. Yeah, it's got a $1,200 profit in it. So, you certainly want to uh take that profit cuz we are sitting right there. It's the same number of days down as this one is and it's sitting exactly at the 382. And that also continues to be a 135 pattern, right? Okay. There's there's one, there's three, and there's five. And that's why it's such a nice pattern because it has that symmetry that you're looking for. But you have time and price together here now, folks. You're right at the 382 and you can see here you're down the same number of days and it it it works. I mean, does does it work all the time? No. You know where I got this from, folks? Back in 1977, Larry Williams sold a u some probability uh studies that he had done because he had a he had a computer guy. This was back when they didn't have any computers, but Larry, of course, was a you know, Pathfinder and all that stuff. So he had a guy that was very very good. I don't remember his name but I talked to him many times and what they did they statistically looked at the number of times uh the markets do things. Now he was doing it in futures. He didn't do it with stocks but it works the same way. All these all these things work the same way. The odds of the if the market's up three days in a row the odds of it coming down on the fourth day is better than 65%. If it's up four days in a row, it it increases about 5%. All the way up to eight days. Now, eight days, if it goes beyond eight days, just like we did here to 10 days, the odds of that happening are very unusual. In other words, the is the more the number of days, the odds are that it's going to turn. But what you have to do is look for the repetition of what the numbers are with that. See, this is an easy one to look at because you got 10 days down in that move and you got 10 days down in this move and it's stopping exactly at a 382. Let's see if this one's probably must be exactly 50%. There it is. There it is. There's your answer. You got 50% here. Okay. And you got a 382 off the whole thing and you're 10 days down. I should go long. Uh well, we got to cover it first. Let's worry about that later. But that that's not a bad trade even buying it there and putting your stop down in this area right here because you know if if these numbers are correct and they look like they could be that's uh what you ought to be watching. So those are the main Let's do the same thing on the upside just for kicks and giggles here. On the upside here we went 1 2 3 4 5 6 7 8 10 11 12 13 14 15 16 17 18 19 20 21 22 days up. All right, let's see if this one was 22 days. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20. That's pretty close. So, this is why you got to go long the British pound here, folks. So, we'll buy the British pound here at 13463. We made We sold it there. We we sold it there at the so it's made exactly uh 200 points which is $1,200. Okay. So we'll risk $300. We'll put our stop here at one. We'll risk about 40 points. So we'll put the stop in here. I shouldn't be doing this cuz well doesn't make any difference. I guess we'll put that in at 1 um 3440. We'll read the stop. So if that gets hit, that means this was a losing trade. And that's the way it goes. But that's everything you could ask for. Look, you got 22 up, 20 20 here. Okay. And I might have miscounted because I did it very quickly. And so that's that's what the kind of things you're looking for as you're watching these things uh unfold like this. So I hope that's a little bit of help as we're watching this. Okay. Now, let's move down here and talk about one uh that uh didn't work too well. And that's the wheat market. Let's get this up here. See, last night we had this we had this uh we had this big break. And so I said, "Well, let's put a sell a 382 here and risk a nickel." And boy, that's 500 bucks, folks. Now, we lost on that one because it went there and went straight up through it and and uh almost made a uh another ABCD to the upside. So, I had this one. Uh, this one was uh totally wrong, but uh that's neither here uh or there. So, we actually lost $250 in that, folks. That's what the loss was, 5 cents. Okay, now we're going to come back and we're going to go over a couple of things that might be of interest to you. Okay, we'll be right back. If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push Forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called Forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the Forex market. This is what sets Teddy Kekstack's The Tiger Forex Report off the riff raff. Every Monday, former Chicago Merkantile Exchange member and author Teddy Kekstat releases his Tiger Forex Report newsletter where he dives into the complex world of Forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of Forex trading. 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ALPS Distributors Inc. Okay, folks. We're going to look at the crude oil here today. You see, we have this ABCD pattern that's completing up here at around 93. Now, we sold off a little bit this morning, but let's just look at it on a smaller time frame. We'll go down to a uh we'll look at the hourly first because we thought that was going to be a high. And of course, it continued to go a lot higher. Here's what we've done so far this morning, folks. We made a 50%. No, there there was the 382 off of this last move. It held that. So, it still looks like it's heading out to that 93 level, folks. That's what it looks like to me. Uh, I don't see any reason why it wouldn't. If you look at this on that daily chart, there it is right there. Let's look at it on a 4 hour. It should look the same. And there it is right up there. That's at 9360. So, we should probably pay close attention to that because that's a that's a monster. A B CD if you like ABCDs. And that takes you back to where you were right back here in August if you remember. Uh, excuse me, July. Then you had the big breakdown. So that's it. Now, how do you know that this is the high? Well, let's use the same little tool that we always use. There's that little ABCD pattern that we're watching. So, it didn't even make a 382 on this, but that is definitely a retracement, folks. As you can see that this took several days to do that. Took 4 days for that to back off just about three bucks. So, that tells you that that's definitely is point C. So if you were to mark that with your A point right here and there's your AB and CD and where does that take you? Shut the front door and raise your rent goomer. It's right up there at this level right here. So what you're looking at right here is the same thing like this only this is the mini version of it. So this is why you got to watch it. Taking this high out might be the trigger because oh once it gets there oh here comes $100 oil. Uh oh maybe not so much. So this is the one now. It's been here for the whole month of August. Here we are in September. We rallied for a solid month. There was the ABCD to the downside setting right at the 61% retracement. And uh then you had the lower low right here where exactly at the 61, excuse me, higher low at the exact 61% retracement. This was on the 26th of August. And away she's gone. All right. So nothing's wrong with that one. Now, let me show you. There's been a big sell off in gold, folks. I mean, huge. $300 an ounce uh $340 an ounce uh from the last high we had up there. We'll draw that up on the daily so we can all see it. What we were watching here, there's where we were sitting at the 786 of this number right here and almost exactly 50% off of this level. And we came down really hard. You can see we're down here 1 2 3 4 5 6 7. We're down 8 days. We've reversed here a little bit. But let me show you what happened right before midnight last night. There it is right there. We'll get there and take a look at it. I think that's the one I had. No, it's 8 minute. Just a second. I had it drawn already. Okay, there's your three drive to a bottom pattern here right before midnight. That's the first really good pattern we had. There it is right there. Drive one, drive two, drive three. Right there at this level, 4330. And what did we do? We rallied 115 points up to this level right here. And we're still going up. And still looks relatively strong, folks, because you haven't even made a 382 retracement of the low of the day as of yet. All you did was come down and almost hit it, but has not done anything yet. There's the low of the day so far. This was yesterday. This is today. So there's where you're watching. It's still holding this stuff. We get below this, that'll tell us, uhoh, breaks that. And what you want to look for is the first 382 to be a seller because that means that that should be over. Now, these are all probabilities, folks. There's nothing written in this uh the sand. That's for sure. Okay, so let's remember that. All right, let's get out of the way here and uh see where we are here. Let's see. The Dow Jones has now sold off another 300 points from its high. jumping around here. You can see that big move right here just right to the 50% of that level. And then we'll see what we got going. Now, what we should do here, the NASDAQ, we should watch the NASDAQ as it also had a little bit of a rally today. And you can see there's the ABCD here last night. Hit it right on the money. There's that's there it is. A B C D right there on the money. And then we had a nice rally. The rally went up to the 382. It's been here for a couple hours. Hasn't really done very much. You can see the small ABCD pattern right here. But, uh, these are very interesting to see them unfold to say the least. All right. Now, let's get out of the way here. And we want to talk about uh covered the gold. We need to cover the silver, too, because several people have asked about the silver. So, we want to try to make everybody happy, which is a futility. Don't ever try to make everybody happy, folks. Make yourself happy first and the rest of it will fall in place. Okay, here's the silver. Let's see where we stopped today in the silver. You can see here yesterday we went up or two days, well, five days ago, we went up to the uh 50% retracement. Now, we're backing off. So, what we'll do is we'll blow this up so we can see it a little clearer. Clean out this things here. So everybody can see exactly what we're looking at. We had the bottom came right in here. Okay. So now we had the rally up and now we're going to see what the pullback is because this is the best pullback we've had uh since July. See that? See it's coming down pretty big. Now if that's a 382 today, boy, that's something you want to really pick. No, it's already through it by quite a bit. Yeah. So it's, you know, still down in this area right here. And if we look at it on the hourly, you'll probably see an ABCD here. No, you don't. And it's because it's Hold on. Yeah, this is just too small, folks. But there's your there's your rally back. And it really didn't do very much as far as a rally part. I mean, it really uh didn't even make a uh uh well, yeah, here's the first 382 was right here. We pointed that out the other day. Okay. So, you got to take that one as your next 382 because that's a swing high. And you brought that in. It went right up to the 50% level today. So, again, it hasn't really done very much and still looks like it has more to more to go uh to the downside. That's the way it looks uh right here. Now, we got a a commercial coming up here in just a little bit. And we come back from the commercial. We're going to look at the corn, wheat, beans, and meal. uh because we're over uh we're out of July now. So, the crop should be made. However, that monsoon uh thing is still there. And if they too much water gets in there or it gets hard to bring the crop in, you could see extremely high prices in some of these things. So, watch for ABCDs on the downside to to be a buyer. We'll look at that in wheat. We'll look at that in corn and beans to try to find a place to buy because inflation is still here. It's now coming into the foods again, which it hasn't been for a while. So, we'll want to watch that uh you know quite a bit. However, we do have a negative number in the cattle. That looks like a whole lot lower in the cattle, folks. We'll keep watching that. All right, we'll be 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 Pavvento, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247, Larry Pesventto's daily trading service that turns the complexity of markets into opportunities. published every Sunday. Receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets. With updates throughout the week, exclusively for subscribers, whether through charts or videos, Larry's analysis is your 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. You remember the December corn? We had a perfect sell signal right here. And then the next day, it gapped up and you lost your your $250 right there. You can see it just was perfect. I mean, just just absolutely A, B, C, D right there. And it went higher. Folks, they don't work all the time. Only take the winning trades is what they usually say. Now if you take the CD leg as being stronger which it is and move it to 127% 1.27 it takes you there and even then it's higher. So this here from 51 to 50 that that would have been a losing trade also even if you've done that. That's what we are now. Let's look at this intraday now. Let's take a 13 minute and see if it's done anything. Well it's had a a big move down. Look at this is action folks. This is Action Jackson from Disco Tech. This is the kind you're watching to see. Look at that. There's Tuesday's action. A B CD. What did it do? It made another ABCD. AB CD. It misses it by here. But that's exactly what it's doing now. It's got a little backing and filling here. It looks like it's coming down for a small ABCD down in here everywhere. But that's uh what you want to be looking. It's all about probabilities, folks. You're going to have times where you can't do anything wrong and you're going to have times it's going to be nothing to go right. And the reason why is it's a probability, but you don't know when those streaks are going. So, you got to keep continue to do it and do it and do it. And that that's what I try to do. Do I do it all the time? I do it most of the time, but I do get into ruts where I think I know more than what the market does. And that's when you got a big problem because nobody knows no then what's happening there because it's an unknown. All right. So anyway, that's what we're paying attention to in the corn. So next what we'll do is we'll take a look at the wheat. Come over here and uh we're done with silver. Get that out of the way. And next thing we'll do is we're going to look at the wheat market which is at the bottom of the page here. There it is right down here. One after that W. There's W6. There it is right there. Okay. Now, here's the wheat. Now, there's the wheat. See, it's been up in this area here for how long, folks? How long? Now, we were very fortunate because we got a big break in here the other day. All right, we're going to do that on the hourly chart. There's your number right up here. There's your 1618. You can see it went above it one, two, three days in a row. And let's look at it now on the smaller time frame, which would be the hourly. And uh there's we had this big break here. If you remember, we sold that uh I believe that was the one we sold here. Yeah. Back on the 29th and broke 20 cents, which is your profit objective. And now all you've done is you've made now one, two, three drives. So now this might be the time where we're starting to see the market come down just like we saw in the gold. This is an upside down version of that gold pattern that we looked at just a little while ago. So, we've broken now from 96. Wow, we broke 20 cents already today, folks. That's a huge break in day on the wheat, as you'll see. That's a big move to the downside. There was no 382 here anywhere, as you can see. So, it's still moving down. It didn't even come close to this last one, which was right there. It misses it by uh well, how many misses it by a nickel. So that's too much. And so now you're you're still heading down. So watch for a nice, you know, this thing is so strong, you just got to be careful. In fact, you probably ought to be looking for a place to buy. But I don't see any good ABCD here, so I can't be a buyer anywhere. And we're already below the 382 from the last low by a substantial amount. Well, no. We're right at the 61% retracement right here. So, we're going to see if that holds and then we'll know. But, we're down. That's down uh 20 that's down 23 cents from the high. That's a big move for 11 $1150 in weed today. So, let's keep that on. I think that top might be in now. And so, what we want to watch is watch for a counter trend just like the old Garly. Watch for a counter trend like this. Okay? That's what you want to be watching. When you see that, then you've got something to hold your hand with, and that makes it uh a lot better. All right, so we'll get this out of the way here, and we'll see where we are here. Get this out of the way. Okay, now let's take a look at our inday here on this uh British pound that we were watching. We bought that at 86. I think it moved a little bit. Yeah. Well, here it is. It's moving up just a tiny bit. And I mean figuratively cuz there's where we bought it there at uh 134 uh 856. So that's and it's this is where it is. It's doing nothing basically. So that's what that one's all about. Now let's take a look at the soybean meal. That'll take care. There's your December. Uh uhoh. Why is that? That's not right, boys and girls. Just a second here. 6MZ6. Hold on just a second. That's uh labeled wrong. Now that should do it. Let's bring this up here. This is nearby. Oh, we got a buy signal in corn. Uh uh Oh, yeah. Yep. This is This is going to Well, we're just going to do this. I am not going to say whether I'm selling it or not, but there's our rule right here. Hold on to laughing to myself, folks. Sorry. See, there's your number right here. Okay, let's just for kicks and giggles just to see if it does anything. All right, from the load right here, you got one, two, three, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20 days. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20. So in 2 days and this will be equal to the upside. So you're right there. You actually, if you did the ABCD, you'd be short this at 49. Your high would be 59. So far the high's been 53. So, this is a good this is a good place to be short. I mean, it's extended where we thought, but it's still doing okay. In fact, it's the 1.27. If you plug that in, you'll see this will take you exactly to the high, I am assuming, and you'll see that how close we come to it. Now, wrong again. Well, that's a long way away. That's a difference of uh 15 cents. So, it's not doing that. It's doing the regular ABCD 127. That's all it's doing. Get that get that back and put this here where it belongs and then we'll see where we are. Okay. All right. There's where you should be short from, folks. Right where it's trading now 492. So far, this high has been 54. So, you only have to risk 7 cents at uh 57 35 35, excuse me, 35790 would be the buy stop. So, that's it. Look at this. We made three higher highs. So, this is not running away to the upside. This is a lot of resistance coming in. You'll see it on this one right here. There it is right there. So, the other one right back. See that? That's that same thing over the 3-day period. It's what we're looking at right now. So, it is starting to uh starting to come down here uh in the uh soybean meal. And then when we come back from the break, we'll get this ready. We want to look at soybean meal because it has the contingent of oil. And 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 Pavvento, a pros pro with over 50 years of experience, Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247, Larry Pesventto's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets. With updates throughout the week, exclusively for subscribers, whether through charts or videos, Larry's analysis is your 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. 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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 Day available to all Tigers and Tigrises for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfn.com. Don't forget you can listen to TFN live on your mobile device 24 hours per day. Go to tfnn.com then hit watch tiger TV. That's tfn.com then hit watch tiger TV. Okay, folks. This will come in. I don't know. Someone's pounding on my door. I don't understand what that is. This is a 135 pattern here, folks. As you can see here, uh there's where you are 50% of that. And then you're also at 61% of the other one right there. And then you'll see there's where we are. Uh right that and so this should start coming down which already has. It's dropped over a point and a half today. Seen that earlier. I probably should have been a little smarter. We took out the previous day's high by just a tick. So that's a tough one to uh take a look at here. Uh folks, I'm going to have to leave a little bit early today cuz someone is uh trying to reach me and I don't understand why. So uh sorry about that. So live every day uh in an attitude of gratitude gratitude and may God bless and we'll see you on the flip side tomorrow. 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.