TTWO Blue Ice Failure and Bearish “h” Pattern

TTWO – Because of the Blue Ice Failure and Bearish “h” patterns I have added TTWO to our watchlist for short. Price has been very bullish over the last few months and has now painted a Cradle Top, and now presenting a possible Blue Ice failure with a Bearish “h” Pattern. The full potential of the short can only be reached with bearish follow-through. One plan might be to short below $107.75 with a stop above $113.90

At 9:10 AM ET. We will talk about the technical properties of TTWO with target zones, a couple of logical entries and a protective stop. We will also be showing our trade plan with risk/reward and expected profits.

►Recently Closed Trades

TBT 47%

► Eyes On The Market

Although the SPY is still trending above the T-Line and the T-Line is still rising the recent price action in the Candles are looking a little like a scrooge. In the last 2-weeks, we have seen a few signs that the Bah Hum Bug sellers are hanging around. Yesterday’s Candle and recent candle patterns in the SPY, DIA, QQQ, IWM are taking the cheer out of this week. We have made plenty of money, and there is plenty of money to be made. There are times to sit back and watch, and there are times to trade, what time do you think it is?

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Learn how and what we trade: The T-Line • T-Line Bands • Chart Patterns • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

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