Hello friends,
I believe this to be the short term route for TRX for the next days.
Key factors:
1. There is a potential double bottom in the works which could be followed by a small pump at the end of the move.
2. There is a potential bullish Gartley formation, which suggests the pump at the end of the move.
3. The 200MA has to be broken violently in order to go for a bull run. As long as the price is under the 200MA, our view remains either bearish or sideways.
If you enjoyed reading please give it a like. All comments are greatly appreciated. Thanks.
Robertus
I believe this to be the short term route for TRX for the next days.
Key factors:
1. There is a potential double bottom in the works which could be followed by a small pump at the end of the move.
2. There is a potential bullish Gartley formation, which suggests the pump at the end of the move.
3. The 200MA has to be broken violently in order to go for a bull run. As long as the price is under the 200MA, our view remains either bearish or sideways.
If you enjoyed reading please give it a like. All comments are greatly appreciated. Thanks.
Robertus
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.