TRIGGER is required for any arrows on the chart. Read the below please:
Considering multi-timeframe analysis,
TGT
is moving in an upward regression channel with a recent touch to its midline. With a closer view (Weekly timeframe), we would have an upward trend line on which
TGT
has built a "pin bar", which is a signal of future upward movements in the upcoming weeks. However, for getting any position trigger, we must look at the Daily timeframe.
In the daily chart, the chart that I just published, we can see that the price dropped after it couldn't break $266.5 in November 2021. Then, it broke down $230.3 support zone and had a pullback to it, for continuing its downward movements. Reaching $93 support zone,
TGT
was not able to have any further downward moves, however, the trend has not been changed and it is ranging between the two mentioned zones. As long as $230.3 resistance zone is not broken up, buying
TGT
is not interesting. But if it happens, $283 (till November of 2022) can be counted as the the target of
TGT
.
Considering multi-timeframe analysis,
TGT
is moving in an upward regression channel with a recent touch to its midline. With a closer view (Weekly timeframe), we would have an upward trend line on which
TGT
has built a "pin bar", which is a signal of future upward movements in the upcoming weeks. However, for getting any position trigger, we must look at the Daily timeframe. In the daily chart, the chart that I just published, we can see that the price dropped after it couldn't break $266.5 in November 2021. Then, it broke down $230.3 support zone and had a pullback to it, for continuing its downward movements. Reaching $93 support zone,
TGT
was not able to have any further downward moves, however, the trend has not been changed and it is ranging between the two mentioned zones. As long as $230.3 resistance zone is not broken up, buying
TGT
is not interesting. But if it happens, $283 (till November of 2022) can be counted as the the target of
TGT
.
Trade active:
The Resistance Zone of $227.5 is getting broken. I personally enter one step here!