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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (75340)12/4/2024 5:00:00 PM
From: Magnatizer  Read Replies (1) of 79479
 
DJT

Reloaded my TPOR position today on the blackflag band test. Stop is break of the band. If the near overhead uptrend (17350ish) acts as resistance that will elevate my stop to break even.

Daily

tradingview.com

weekly: last bar in flight

Still hot but failing. Do not like how easily the overhead acted as resistance on last weeks test.

tradingview.com

Broader view to show the impact of the grey uptrend. It's been significant since formation, including the cross which essentially marked the low in 2011 which has not been seen again. Breaking out of this uptrend channel sets the stage for a new major uptrend channel to form.

tradingview.com
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