Although a slight downward tendency has been observed in TTWO’s sideways phase, the stock has recently shown new motivation on the upside. While short-term pullbacks cannot be ruled out, we still expect the beige b-wave to extend into our beige Target Zone (coordinates: $241.59 – $257.87), where we anticipate a significant trend reversal. This outlook remains intact as long as the support at $135.62 holds fast. An early sell-off below this level would trigger our alternative scenario of a premature correction low within our blue Target Zone between $107.47 and $46 (33% probability).
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
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.