TIAUSD had a great run in the second half of 2023 but has cooled off in 2024. I've kept it on my watch list for future opportunities and it's had very predictable movement throughout this fib fan. The current declining price diverges with the composite index, price momentum oscillator, and detrend oscillator. Previously this has led to at least a minor upward bounce. If playing this one, I would sell into strength and reaccumulate on retests of a confirmed uptrend.
If entering here (~11.90), I like a stop at ~10.50, initial profit taking at ~13.90. I would expect additional overhead resistance at 14.75 and between 16.50-17.25.
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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.