TTD trade ideas
The Trade Desk Offers a Clean PlayHere is a gem I discovered over the last few days. The Trade Desk, Inc. Let's check out two charts I am focusing on.
Clean Patters Win...Most of the Time
Below you'll see the daily chart of TTD. Notice the one month long consolidation just below new all-time highs. The consolidation is developing into a gorgeous bull flag set up. Volume confirms, as it is for the most part declining as well (not shown).
If you were not convinced of the classical pattern identified above. See the Elliott wave count below. The move off the low has been obviously impulsive. TTD is now considered to be within a 4th wave correction. This should provide us with confidence entering this trade as there is a higher probability of breaking out for one more impulse.
TTD is a high probability trade. Given that its breakout would coincide with a breakout to all-time highs could also provide us with further upside as price discovery ensues. Bias: Bullish .
TTD FlagTTD has been flagging and looking to breakout. Once it breaks out it has room up to 325 for 5% gain before it reaches resistance. Even at the $325 level it will have then formed a cup and handle formation which may trigger a re-entry to play the breakout above 325 as it may consolidate for a bit before it breaks above $325
The Trade Desk $TTD "cup w handle"Buy: 315.10
S/L : $291
TP1 : $327
TP2 : $400
TP3: $460
if you find my charts useful, please leave me "like" or "comment".
Thx
Fry Pan Bottom, Consolidation, Possible UptrendFry Pan Bottom Pattern or Cup and Handle, Consolidation, Possible Uptrend
$TTD - Gap fill and bounce?291 gap fill, PM lows 289, but think we retest those lows intraday. If we hold this area looking for 300/305 to be a bit thick.
$TTD On verge Of Breakout
Technical V recovery from the march lows.
Volume high and increasing.
Indicators bullish.
Sentiment in the sector bullish and risk on.
Very High P/e 138
Short interest 20%
Company Profile
The Trade Desk, Inc. offers a technology platform for advertising buyers. It operates through United States and International geographical segments. The firm's products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces. The company was founded by Jeffrey Terry Green and David Pickles in November 2009 and is headquartered in Ventura, CA.
TTD5.3.20 TTD Part 3 ( don't get spastic...relax, keep an open mind...be patient and it will workout just fine ).
Closer look @ TTD5.3.20 This is a closer look at TTD using a daily chart and making various observations and soundbites. please give a thumbs up if it was useful to you, thanks
mentors5.3.20 some training, mentors, video courses that I have experienced in my past... as a response to questions I have received from followers. (I said one guy offered a chat service for $100 per hour....that is wrong...it was1$100 per month....Sorry about that...and I did not think it was worth it for me ).
TTD5.2.20 TTD equity. This is a great market to use the tools that I like to use. I am a little uncomfortable that I talked about a Spike which are probably better used on much smaller time frames, and to the extent that it is an algorithm, there is a lot of subjectivity around it. Since I decided not to redo the video, just look at spikes for entertainment purposes for now until you decide to work with them, and then work through the issues.
