TT trade ideas
PUSHING Beyond the breakout to make newer highsContinues with momentum from what we thought could be a retrace at resistance, which is still likely that notion could be put out as soon as the end of the next session, but until then, every indicator pointing towards a continuation rather than any major pullback.
TT Entry, Volume, Target, Stop
Entry: with price above 338.09
Volume: with volume greater than 539k. The more volume the better.
Target: 367.31 area. This is an area, you might consider existing early if price drops below a significant moving average such as the 10, 20, or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages.
Stop: Depending on your risk tolerance; Based on an entry of 338.10, 328.36 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
TT - Double TopTT Is showing signs that it wants to double top and I have drawn a channel that contains these tops.
Expect moves down as indicated by the placed bars pattern.
Double Tops are a bearish pattern.
An inverted H&S is also present in green which can be indicative of a trend change which supports the bearish theory.
TRANE TECHNOLOGIES perspectiveHey guys, TRANE TECHNOLOGIES is in a bullish configuration, large volume of purchases executed. We are heading for the first first highest, high volume of purchase risks a reversal to find the first lowest and return to the top in a new consolidation zone. Then climb on the next highest to reach the top of the consolidation zone.
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