Conditions are favorable for taking a long position at these lows. The weekly candle should close within this price range to provide more confidence in holding a swing trade.
The price action supports the idea of going long since it has reacted to August's low and shows a change in character following the significant drop from $6.15.
I am targeting $5, but if conditions improve beyond expectations, I will aim for the previous high of $6.15.
Long
TIA
The price action supports the idea of going long since it has reacted to August's low and shows a change in character following the significant drop from $6.15.
I am targeting $5, but if conditions improve beyond expectations, I will aim for the previous high of $6.15.
Long
TIATrade active
Up 9%. Nothing extraordinary.I’m taking some profits here and letting a significant portion continue toward the next target.
Trade closed manually
Enough with this one. +20%It appears there is some weakness across the market as we approach the weekly close. I will wait until after the FOMC meeting to re-enter most positions.
Note
Second target hit.I exited manually before reaching it, but it should be a great opportunity to take more off the table if you followed the plan.
Overall,
TIA reaction has been strong, especially since everything else is moving slowly.Note
Time to make another post. This one performed better than expected. If it starts reclaiming this level, it could be time to fully embrace the possibility of a reversal and new highs.
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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.