Long

TPG - Bullish Trend Confirmation

Updated

TPG - Bullish Trend Confirmation Indications:

1. Price has broken the down trendline
2. It has formed a higher Swing High
2. Price has retraced back to support and has confirmed bullish price action

I believe price has shown bullish price action at support and I expect price to go higher and hit the target level of $9.60.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

Trade active

Trade Active

Note

Price Closed Bearish but expecting a turn around soon. I am still expecting price to go up.

Note

Price has broken trendline but I still believe that we may resume the upward trend and Bulls may step in to stop it from falling further and take it to the upside.

Note

Note

Expected a turn around here and it has formed a bullish engulfing canlde.. Expecting it to follow through and continue higher.

Note

Price is consolidating above Strong Support Level of $6.80 - $7.00 Zone, I believe this support will not be taken out and Buyers may step in to take price higher. This Strong Support Zone has been held numerous times in the past as well.

Note

It has formed a bullish engulfing candle. The downtrend line is also broken with a bullish candle breaking out of the descending wedge. Expecting it to follow through and continue higher.

OBV Indicator showing Bearish Volume is decreasing while price is consolidating on Support and not dropping further.

MACD Histogram has changed color and also about to cross, which is another sign that Bearish Momentum has shifted or diminishing and Bulls may take control and take price up.

Note

TPG has held the Strong Support Zone of $6.80 - $7.00 range well, and has moved out of the zone with Bullish Candles and MACD has given a Bullish Cross. I expect it to follow through to the upside now.

Note

Expected a turn around in the Green Support Region and it has turned around and heading up. The downtrend line is also broken with bullish candles breaking out of the descending wedge with Higher Volume. Expecting it to follow through and continue higher to TP between $8.00.- $8.20.

Note

Moving as Expected. Still expecting to march higher into Resistance to $8.10 - $8.25 region.

Note

The Support has held very well around $6.90 - $7.10 zone and TPG has shown strength so far. I still expect it to move further higher towards its previous Resistance to $8.10 - $8.25 region.

AsimMirzaTrader

Also on:

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.