BULL SCENARIO: So we broke the wedge everyone had there eye on, but there another major trend thats making itself known again. the upward trend line thats played a major role in providing support (we'll call trend B), is now resistance and we just seen it play out. It also happens to fall on the 200 SMA. the current ABC pattern is being played out in the midst...
TRX certainly does. TRX broke another major trendline and bounced right off support. Again, watching price action, this isnt a major rejection and Im looking at a wedge formation for the day, as TRX bounces around inside
Possible head and shoulders against resistance and a strong trendline. With recent price action, Im still bullish on TRX and I wouldnt doubt a break in both and a second leg to test of the next trend.
Judging from past years, june/july is the yearly short, followed buy a new high in oct/nov.
Does this look about right? or am i doing this all wrong?