TTT chart thread, page-1159

Agree, $2.25-$2.50 area is an important zone. Just as it was hard to breakdown during that major downtrend, it needs patience to break up during the counter move.

A positive FA announcement will certainly take that like a piece of cake. Alternatively, chart-builder and traders can work through that resistance with some ping pong in that zone (e.g. few rounds of small profit to bring down the unit cost making it worthwhile for a major push for the chart-maker). Some of those orders below could actually get a fill as part of that back and forth. That may walk on retails nerve for a bit, but I guess eventually pays off.