- Date = 6/12/2019
- Time = 1430 +8
- Topic = TNT/BTC…
- Forecast = see arrows on chart.
- Basic summary = TNT bounced then broke the trendline and has bounced out of the accumulation channel. A few correction scenarios are shown on the chart and a bullish scenario. Yellow is a three drives drives pattern where tnt is rejected for final time at the distribution channel. Orange is a head shoulders pattern and red is if the accumulation channel breaks (very bearish). If price were to break out of the distribution channel and trade above 1107 there is still a possibility of bullish break out. If you want to trade any of these patterns, try to buy inside the accumulation channel and stop below it.
- Time = 1430 +8
- Topic = TNT/BTC…
- Forecast = see arrows on chart.
- Basic summary = TNT bounced then broke the trendline and has bounced out of the accumulation channel. A few correction scenarios are shown on the chart and a bullish scenario. Yellow is a three drives drives pattern where tnt is rejected for final time at the distribution channel. Orange is a head shoulders pattern and red is if the accumulation channel breaks (very bearish). If price were to break out of the distribution channel and trade above 1107 there is still a possibility of bullish break out. If you want to trade any of these patterns, try to buy inside the accumulation channel and stop below it.
