Trivago is at a very interesting inflection point right now.
Price is trying to use this middle-time-frame demand and lower-time-frame tapering underneath to finally push through the higher-time-frame selling that has controlled the entire downtrend. If we get a clean HTF breakout, the structure genuinely supports a 50–100% move from here.
A big part of why we’re even at these levels is the 5:1 reverse split and the heavy selloff that followed. But over the past year, the chart has been building meaningful bullish structure:
From here, the key is patience.
We need the LTF taper to prove itself and show sustained control which will inevitably lead to the HTF selling breakout.
Trade the story. Not the excitement.
Happy Trading :)
Price is trying to use this middle-time-frame demand and lower-time-frame tapering underneath to finally push through the higher-time-frame selling that has controlled the entire downtrend. If we get a clean HTF breakout, the structure genuinely supports a 50–100% move from here.
A big part of why we’re even at these levels is the 5:1 reverse split and the heavy selloff that followed. But over the past year, the chart has been building meaningful bullish structure:
From here, the key is patience.
We need the LTF taper to prove itself and show sustained control which will inevitably lead to the HTF selling breakout.
Trade the story. Not the excitement.
Happy Trading :)
Trade the Story
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.
Trade the Story
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.