TTD has been forming a clear inverse head and shoulders pattern since its ER drop on 8th of August. If the pattern plays out TTD can reach around $70 where the 200% fib extension is.
If we zoom out we can see that it has a huge double bottom patter as well. ER on 6th of November may send it directly to $70.
It is possible to hedge the position with a 40$ strike PUT.
If we zoom out we can see that it has a huge double bottom patter as well. ER on 6th of November may send it directly to $70.
It is possible to hedge the position with a 40$ strike PUT.
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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.
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.