TTT chart thread, page-1196

Chart update for today.

TTT began Path 2 on the chart (latest candle not there yet). It traded outside the red consolidation channel, and managed to climb and touch 50EMA (~$2.17).

It is now trading in that black up channel, which is perhaps still in the making.

The question is how far we can travel in that channel (if any), and is this a short-term bull trap before closing the gap.

On one hand, the gap is still open (well chart maker can't care less about it if enough was collected). On the other hand, broader market has taken a decent lift to 6000+ which has the capacity to transform things from a bull trap to a decent uptrend.

For the latter, we need to wait and see if it can break above $2.17 (50 EMA and 50% fib reversal of the downtrend) and also $2.25 (61% fib reversal of the downtrend); and of course go past Mr 150K (Gut feeling that he is there to sell; just like he needed to sell at $2.47 before going down).

Will be here till thursday, then perhaps away from HC for a couple of weeks.