The Trade Desk Offers a Clean PlayHere is a gem I discovered over the last few days. The Trade Desk, Inc. Let's check out two charts I am focusing on.
Clean Patters Win...Most of the Time
Below you'll see the daily chart of TTD. Notice the one month long consolidation just below new all-time highs. The consolidation is developing into a gorgeous bull flag set up. Volume confirms, as it is for the most part declining as well (not shown).
If you were not convinced of the classical pattern identified above. See the Elliott wave count below. The move off the low has been obviously impulsive. TTD is now considered to be within a 4th wave correction. This should provide us with confidence entering this trade as there is a higher probability of breaking out for one more impulse.
TTD is a high probability trade. Given that its breakout would coincide with a breakout to all-time highs could also provide us with further upside as price discovery ensues. Bias: Bullish .
