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Oct 9, 2023 1:10 AM

TTD 10/8/2023 Short

The Trade Desk, Inc.NASDAQ

Description

TTD

Uptrend move for the 1st half of 2023. Double Top pattern formed July & August 2023 that broke down trend.
After uptrend was broken, price started to move sideways and had formed a descending triangle.

Price finds itself at resistance area of triangle.
Will be entering trade short.

Entry: 82.32
Stoploss: 92.45, -12.31%
Target : 42.61, +48.24%, 3.92 RR ratio

Comment

Typo. Correct sentence: Double Top pattern formed July & August 2023 that broke uptrend.

Comment

beautiful price slide

Trade closed: target reached

Trade closed early 11/10/2023

close price 61.27, +25.57%, 2.08 RR ratio
Comments
MyCryptoParadise_Nathan
Great analysis, Bears are more powerful then Bulls on this chart
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