I’m still expecting to see a one dollar test in DJT. This is based on the current price range and the volume profile. The volume profile portends a break into new lows, and those theoretically can go to $1. The theory behind is is twofold. Firstly, we have a “half-node” VPVR. If you have an unfinished bell curve in the vpvr, you’re not leaving that node until major shelf’s are tested. The price is always drawn to the vpvr shelf. Secondly, the price history is net bearish with lower and lower highs - and we have a floor which has been tested multiple times. It’s ascending triangle is what I’m arguing, and descending triangle breakdown takes you to $1.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.