TT8 trade ideas
TTD 6/7/2022TTD
TTD Broke down from a Distribution stage and looks to enter a downtrend.
Price has currently been trading between 40.29 - 54.71
With price near resistance area, will look to take swing trade short.
Entering swing trade short.
Entry: 51.82
Stoploss: 57.94
Target: 40.37, 22.10%, 1.87 RR ratio
TTD swing long ideaHey everybody, TTD is one of my favorite swing long ideas currently. It's currently basing at a very obvious, key level, and has a negatively sloping trendline holding it down. Above that trendline, this stock could easily go ballistic. My first price target is ~$54.5/share, though I think this thing has the POTENTIAL to see the high 60's.
Ending diagonal?I would approach the daily structure as a corrective one, - an expanding flat. Wave C qualifies for an ending diagonal.
Need an impulsive move up and a correction as a support for this assumption, on h4 timeframe.
Entry at market prices now implies a stop loss around $5 lower, where the the ending diagonal would be disqualified.
$TTD Key levels, Analysis & TargetsTTD Key levels, Analysis & Targets
The price rose to test the previous resistance.
If the price crosses the resistance ,price will have a chance to continue to rise.
But if the price can't cross the resistance ,price will be lower.
,Time frame D1 Bullish Divergences in MACD Indicator
TTD 2/22/2022TTD
TTD was a covid champion
It saw its continuation of its uptrend start Back in April 2020 where price went from 23.00 to a high of 97.00.
The trend from there weakened and price pulled back as low as 46.00.
Price looks to have found support @ 56.00.
In June 2021, price managed to bounce off this support level and reach all-time highs at 111.
Price was unable to hold and came back tumbling down to support.
Price bounce off support with the pullback looking like a bear flag.
Price is also rejecting both the 50 and 200 emas
Price is also rejecting the 0.382fib level.
We also have multiple inverted hammers at this resistance level. This is my que to enter
Entry: 74.80
Stop loss: 82.16
Target: 56.13 โ 25.06% RR ratio 2.59
TTD Technicals Analysis done on 30 minute candles. TTD experienced a gap down on the market decline today, but the stock managed to rally all day and form a massive bullish engulfing pattern on the daily chart. The big move was supported by an overall market bounce, so going into tomorrow and next week you want to gauge the overall market health and direction if you intend to trade this chart. The first thing to pay attention to at open is their daily candle's position; today they managed to close above the 50 day MA, but closed just below the 100 day MA. The best case scenario on a bullish trade is they gap up to open above and hold the 100 day MA and move to 90.00-91.00. If they don't open above it then they're likely to decline to test 80.00 for support bounce. If they fail at 80.00 then they'll move to 75.00-76.00.