Exciting long term, Trouble short termPlease note this is only an idea, invest at your own risk.
The chart shows a confusing pattern after a huge drop.
If you are long term, I believe now to be a great price (575).
In the short term, I expect more volatility and possible lower price or fluctuation.
While it has recently gained an important support around 570, I am waiting for it to overcome the 600 resistance, and more importantly the 665 resistance, which would represent a change in structure.
I am much more confident to enter into it once it holds above 665.
Happy to get feedback on my idea.
TT8 trade ideas
TTD Market Dynamics in a Nutshell Part 3TTD Market Dynamics in a Nutshell Part 3: THERE IS ONE Possibility that I did not mention regarding a long trade entry: I stated that I did not like the structural stop. However, if the market trades lower and trades closer to that structural pivot...this may be a long trade opportunity with a reasonable stop.
Criminal what Wall Street did. - pop The way the big boys ransacked the market and people think it’s a great time to buy and will be getting hammered is a bit crazy. Up a thousand percent? Patience grasshoppers. This will implode still. Way way way way way did I say way yet? Wayyyy overpriced and a bubble. On another note these guys are buying up houses on eastern Long Island like crazy. Also the Bahamas. Goldman even bought planes for their staff. Criminals. But wait for the floor
TTD Retest/RemountTTD has gotten bought back up to previous support levels where it broke down from around 225. The 225 level now acts as resistance. On the buy up, volume continue to decrease each day, showing weakness in upward move. It just closed red on the day today beneath the retest level of 225. Now that it has retested this level, it will pullback down to lows.
TTD Hard to ignore this candleI posted a chart with a couple of zones to watch on a pull back last week. Price absolutely blew through my first level and stopped me out and then flushed my second level and came back up. TTD had a 100 pt daily range on Friday. I will be watching to see if there is any follow through tomorrow on Friday's move. It very important to wait for confirmation with a move above Friday's high. The massive rally on Friday could have been fueled by shorts covering as their targets were hit down near the 200 sma. Worth watching tomorrow for sure. My targets on a long would be 690/700/720.