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TPS Method Bounce
Ares Management Corporation
Long
TPS Method Bounce
By Dimitri_Deychak
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Aug 14, 2020
0
Aug 14, 2020
Trend (Prior Uptrend)
Pattern (of consolidation below recent high)
Squeeze (volatility contraction)
Usually this resolves to the upside, letting all the contracted volatility energy out.
Also, Price usually bounces off the 34 EMA in an uptrend like this.
Targets are the 1.272 / 1.618 extensions of the swings in the consolidation. This is usually where high velocity moves terminate and take a rest.
Chart Patterns
Technical Indicators
Trend Analysis
Dimitri_Deychak
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