TNT Descending wedge Plus TD Sequential +Targets

Big picture: TNT has Bottom with a W pattern or double bottom, broken a major descending trend line (Bear market) AND IT IS treading above all EMAs, It also has tested in several opportunities a major resistance. This is a good sign , since slowly but surely we are trading closer to this resistance and most likely we could end it up breaking it. In addition, price action has bounce from a 55 EMA and 61.80% Fibonacci , moreover, a golden cross has formed.

Close up: 1Hrs Chart is forming a falling wedge. In addition, We are in Red 9 Expecting a reversal.

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Indicador are turning bullish

Stoch RSI just cross over, sending a signal.

MACD is a bit tricky, even tho is negative is losing momentum as it show the white bar, meaning that is starting to go up

SMII its about to cross over

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An ascending triangle has been forming for quite some time, TNT has pierced several times a Fibonacci level 23.60%. I am expecting it to break it anytime soon.

Note: Elliot wave theory still valid since wave 5 still trading above wave 4.

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Indicator: TNT feeling ready for break out SMII is forming an ascending triangles, patterns in indicator tend to be more aggressive watchout for a breakout

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Current Triangle: we can see how many perforations has this triangle, Not to mention it already close several times above resistance levels. The momentum indicator above are building a signal for an aggressive motion.

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TNT also has broken the triangle but, notice how the drop is not so aggressive and its being held by 38.20% Fibonacci level. What Im looking for its signal for reversal. then pattern formation to confirming the where we going. at the moment we are trading to break resistance I will be paying attention.

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