Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price. Entry Price: $151.44 Target Price: $149.13 Stop Loss: $153.75
It looks like Trane Technologies is in a Bullish Bat formation that will reach bottom at around $146 which is also in confluence where the 1.618 fib lines up. At this point TT should change directions and start on its next move higher.
Bullish Bat Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL BUY
Bullish Bat Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL BUY
Bullish BAT VERTICAL DOTTED LINE is Ultra high volume down bar Higher volume-Professionals are buying into the public selling Within 3-5 price bars need the confirmation from a Bullish CANDLE with RSI ABOVE 30 POTENTIAL BUY
SHORT 150.50 to 149.65 T1 146.60 T2 144.65 SL closing up 152.26
Prices formed a symmetrical triangle at the potential reversal zone as in the red circle and already broke the bottom boundary of the triangle Which increases the likelihood of reaching the targets SHORT for T1 118.40 T2 100.00 SL closing up 165.60
Falling Wedge TP 1 = 121.1 TP 2 = 124 TP 3 = 125.9 TP 4 = 129.13 Please don't forget to FOLLOW , LIKE and COMMENT ... If you like my analysis:) Thank you and Good Luck!
- Overbought - Volume decreasing - Hit resistance line
Hey guys, TRANE TECHNOLOGIES is in a bullish configuration, large volume of purchases executed. We are heading for the first first highest, high volume of purchase risks a reversal to find the first lowest and return to the top in a new consolidation zone. Then climb on the next highest to reach the top of the consolidation zone. Please LIKE & FOLLOW, thank you!