This one is straight forward. TTWO is currently in a downtrend. It’s been bouncing between 133 resistance and 121 support. Price broke down from 121 support and has now pulled back. This is my opportunity to enter trade short
I encourage you to be safe playing the downside here; immediate term, I expect us to sweep the lows and then bounce for the remainder of the week. I see what you're seeing in the setup, but I think context might mess up your trade here.
rudcharts
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@MichaelEugen1, Thanks for the comment!! Always interested in your take especially short term. You said you expect us to "sweep the lows", the 108 area? "then bounce for the remainder of the week.", bounce to where? back above support area at 121?
MichaelEugen1
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@rudcharts, my bad, I was referring to the S&P. Hard for me to give my input on this name as I'm not familiar with how it trades.