TTD Bear Count

31 Agu 2021

TTD Is trading near upper trendline resistance and could have just put in an intermediate wave 5 peak - now a primary 1. Bulls need to break the 90 high set earlier in August to invalidate this count. Bears - TTD wont break the upper trendline resistance, will get rejected sending it down for a wave 2 which should find support at the lower trendline, and begin creating a symmetric triangle. If the bear count is valid this will provide a great long set up, but probably will only come to fruition if we get a major Sept correction. Time will tell. For now I think this one is best to sit on the sidelines to see clear direction for where it is heading.