Turtle Soup Sell (TSS) on the weekly if closes below 63.42.
TSS: A close (Friday 6/1) below previous 20 WEEK highs (63.42) after making new 20 WEEK highs (the higher the better) sets up a TSS, powerful short term reversal on the WEEKLY chart. Set up is invalid above previous 20w highs (63.42) - often fluctuation at those levels. Set and trail stops accordingly
Projection - previous swing lows
i don't know what the green triangle is or how to get rid of it
TSS: A close (Friday 6/1) below previous 20 WEEK highs (63.42) after making new 20 WEEK highs (the higher the better) sets up a TSS, powerful short term reversal on the WEEKLY chart. Set up is invalid above previous 20w highs (63.42) - often fluctuation at those levels. Set and trail stops accordingly
Projection - previous swing lows
i don't know what the green triangle is or how to get rid of it
Note
T S S was supposed to be an abbreviation for Turtle Soup Sell. It does NOT represent the stock, Total System ServicesI posted this on 30 May. The set up applies if MU closes below 63.42 Friday, 1 June. The Turtle Soup Sell <63.42 is valid going forward.
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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.