TTT chart thread, page-1235

Chart Update (excluding latest candle):

The triangular pattern noted in the earlier chart (April 4th) played out in the past few days.
We had the break out when TTT crossed above the upper blue line ($2.28) a couple of days ago.

As suggested, the likely target for this chart pattern is the previous high at the start of triangle ($2.47-$2.53) which was tested today.

We had some relatively large daily swings in the past couple of days (through Mr 85K, 125K, etc, which were chart making blocks). Mr 85K sold the other day, then immediately pushed for a brief down swing, and I am positive collected his tool money back in small buys a bit lower. Mr 125K or 75K will likely do the same.

From here (and with the first target achieved), it is anyone's guess what the next move will be.
But in a rational market, and in the absence of any announcement, I'd say a test of $2.50 resistance is sufficient for this move.

However, the thing is market is never rational. So, if TTT "somehow" breaks this resistance on no news, then the next resistance is $2.8-$3.10. At this stage, I wouldn't count on TTT breaking the $2.50 resistance until we see it actually happening.

If we get decent news, then a different story.

… and we better get that news, or else we may have to endure a double top followed by the crazy boarder marker in May/June.

As for other indicators, RSI is getting a bit hot. But if we get an announcement that shouldn't matter (check the last time it was running hot).