TAKE-TWO INTERACTIVE SOFTWARE $TTWO - Feb. 28th, 2024
TAKE-TWO INTERACTIVE SOFTWARE
TTWO
- Feb. 28th, 2024
BUY/LONG ZONE (GREEN): $153.00 - $168.45
DO NOT TRADE/DNT ZONE (WHITE): $143.65 - $153.00
SELL/SHORT ZONE (RED): $133.00 - $143.65
Weekly: Bearish
Daily: Bearish
4H: Bearish
Currently in a DNT zone as it would be unfair to automatically wait for price to drop and then say it's a bearish area; however, price is strongly bearish on the weekly, daily, and 4H. Shown in blue is previous zones that I would follow and the order in which I would follow them, the previous bullish trend was fairly clear and strong (labels A-E & 1-3). About three weeks ago we saw a drop that pushed right into a bearish zone below level $156.75 (bottom of the zone). Drawn now are the current zones where price currently resides and the trends I would follow in each of them. The arrows show simple potential price movement to look for, but the market is always subject to change and create new levels. Bulls can look for early entry at the bottom of the DNT zone at $143.65 and seek a bounce or wait for price to break back above $153.00. Bears can look for price continuing below level $143.65 or a pullback anywhere up to $153.00 and rejection back towards the $143.65 level and lower.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trend analysis, chart patterns, support and resistance
TTWO
- Feb. 28th, 2024 BUY/LONG ZONE (GREEN): $153.00 - $168.45
DO NOT TRADE/DNT ZONE (WHITE): $143.65 - $153.00
SELL/SHORT ZONE (RED): $133.00 - $143.65
Weekly: Bearish
Daily: Bearish
4H: Bearish
Currently in a DNT zone as it would be unfair to automatically wait for price to drop and then say it's a bearish area; however, price is strongly bearish on the weekly, daily, and 4H. Shown in blue is previous zones that I would follow and the order in which I would follow them, the previous bullish trend was fairly clear and strong (labels A-E & 1-3). About three weeks ago we saw a drop that pushed right into a bearish zone below level $156.75 (bottom of the zone). Drawn now are the current zones where price currently resides and the trends I would follow in each of them. The arrows show simple potential price movement to look for, but the market is always subject to change and create new levels. Bulls can look for early entry at the bottom of the DNT zone at $143.65 and seek a bounce or wait for price to break back above $153.00. Bears can look for price continuing below level $143.65 or a pullback anywhere up to $153.00 and rejection back towards the $143.65 level and lower.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trend analysis, chart patterns, support and resistance
Comment:
Price ranging near the bottom of the DNT zone, could see a breakdown into bearish areas soon.
Comment:
Price is now floating near the top of the DNT zone. The current weekly candle has created strong bullish momentum, but this does not flip the trend until price has created supporting bullish structure, or a break above $153.00.
Comment:
It is now being reported that GTA 6 is facing delays, price is currently down ~5.70% on the day. Price has dropped all the way from the top of the DNT zone to the bottom of it, possibly to signal a bearish trend in the coming days.
Trade active:
TTWO
has finally broken into the bullish zone. Dropping to the 4H there is a break into the zone, a new 4H candle open and close, and strong upwards momentum.
TTWO
has finally broken into the bullish zone. Dropping to the 4H there is a break into the zone, a new 4H candle open and close, and strong upwards momentum.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
discord.gg/zEq4TgJFKe