Howdy people :)
TRX has been a leading the charges this year with break-outs. As i see it here as the rest of the market is in a sideways consolidation with a good chance of making a break up, TRX is about to setup a H&S.
I have a quick spread of 3 buy levels here as I am taking this as my month gamble swing, so I have 2 levels in for the H&S, and 1 level down low encase it breaks down, canceling the H&S...I will try to make a new low buy inn on the lowest level TRX has hit in the past year.
I have been waiting for a good trade to throw my fun money on, and this looks like it. Be safe, use protection, and dont try this at home of course :)
TARGETS: you do the math...usual target for H&S, measure the neck line
TRX has been a leading the charges this year with break-outs. As i see it here as the rest of the market is in a sideways consolidation with a good chance of making a break up, TRX is about to setup a H&S.
I have a quick spread of 3 buy levels here as I am taking this as my month gamble swing, so I have 2 levels in for the H&S, and 1 level down low encase it breaks down, canceling the H&S...I will try to make a new low buy inn on the lowest level TRX has hit in the past year.
I have been waiting for a good trade to throw my fun money on, and this looks like it. Be safe, use protection, and dont try this at home of course :)
TARGETS: you do the math...usual target for H&S, measure the neck line
Note
could be the last little RSI dip, that would make 3...magic number. Anyway it will bounce from the potential wedge line bellow the current price. I have 1 buy inn, looking to trigger another level...I have plenty way down encase this H&S falls through.
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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.