Is this a dead cat bounce or is the bottom in for Treasury Wine 
TWE ?
I went long this morning for a short term trade because I like the risk to reward here. We continue to hold if we can break the box area with good price action and volume.
TD sequential is showing a TD 9, MACD signals a buy and DMI is showing bears are running run of energy.
TWE ? I went long this morning for a short term trade because I like the risk to reward here. We continue to hold if we can break the box area with good price action and volume.
TD sequential is showing a TD 9, MACD signals a buy and DMI is showing bears are running run of energy.
Trade closed manually
Note
Not looking good.If prices were close below the support line of $11, it's a good short opportunity in the short term.
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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.