TTD 10/8/2023
TTD
Uptrend move for the 1st half of 2023. Double Top pattern formed July & August 2023 that broke down trend.
After uptrend was broken, price started to move sideways and had formed a descending triangle.
Price finds itself at resistance area of triangle.
Will be entering trade short.
Entry: 82.32
Stoploss: 92.45, -12.31%
Target : 42.61, +48.24%, 3.92 RR ratio
Uptrend move for the 1st half of 2023. Double Top pattern formed July & August 2023 that broke down trend.
After uptrend was broken, price started to move sideways and had formed a descending triangle.
Price finds itself at resistance area of triangle.
Will be entering trade short.
Entry: 82.32
Stoploss: 92.45, -12.31%
Target : 42.61, +48.24%, 3.92 RR ratio
Note
Typo. Correct sentence: Double Top pattern formed July & August 2023 that broke uptrend.Note
beautiful price slideTrade closed: target reached
Trade closed early 11/10/2023close price 61.27, +25.57%, 2.08 RR ratio
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.