After $TIA hit a six-month high, there are roughly three possible paths from here:
① It pulls back to 0.6332 and holds, with the previous high turning into support; ② it consolidates near the highs as volume gradually tapers off; ③ it falls back below 0.6332, turning into a false breakout.
The current price is 0.6639, still above the previous high, so it’s too early to tell which scenario will play out. Turnover this time was 2.1 times the 20-day average, so whether volume can remain sustained will be crucial.
What’s your take at this level?
① It pulls back to 0.6332 and holds, with the previous high turning into support; ② it consolidates near the highs as volume gradually tapers off; ③ it falls back below 0.6332, turning into a false breakout.
The current price is 0.6639, still above the previous high, so it’s too early to tell which scenario will play out. Turnover this time was 2.1 times the 20-day average, so whether volume can remain sustained will be crucial.
What’s your take at this level?