TTD: failed bullish setup = strong bearish move

Failed bullish formations become strong bearish moves. The proportional range to forecast a bullish break above the base becomes the forecast for a the low of the failure. Someday I'll see one of these in time for a massive short.

Note that the forecast is in between the 1.272 and 1.414 of a fib retrace anchored to a momentum crossover. They are also nearly aligned to the two AVWAPs that hand off from TTD's IPO. The middle marks the covid low.



The composite index is at a lower reading, but not an extreme that would mark a bottom. The detrended price oscillator is at it's lowest reading. Extremes can mark a bottom, but a higher low on the oscillator would give confirmation.