TradingView
HandsomeSloth
Aug 25, 2023 4:21 AM

TREX correction to $60 or $66 before EOY recovery Short

Trex Company, Inc.NYSE

Description

Head and shoulders on the daily chart. Neckline around 66. This is either a buy point or the sign to buy.

High of 76 tested a few times over the last few weeks. H&S could lead to $56, $60, or $63. Support ranges.

Nibble all the way down...?!

Comment

Right shoulder formed. Can we confirm H&S and a fall to support around $60?

Comment

We've broken the neckline. Here we go!

Comment

This is where we start buying the trend and setting our stop losses

Comment

Confirming breaking of support. Maybe we look towards the $45 level for support from here

Comment

This works out very well =D
Comments
MyCryptoParadise_Nathan
Breaking the neckline – let the journey begin! 📉
More