Elliott Wave Technical Analysis: The Trader Desk Inc.

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Sep 13, 2022 at 2:58 PM EDT

Trading strategy: looking for a larger pullback to place longs. We could place the stop where the red line is at around 59$, or else for a more conservative trade, on the top of wave 1 at around 52$.

Photo by Wance Paleri on Unsplash

The Trader Desk Inc.,(Nasdaq: TTD): Daily Chart, September 13, 2022,
TTD Stock Market Analysis: It has been moving as predicted in the past weeks. At this point, after breaking wave {b} we are looking for an upside resumption into wave 5.

TTD Elliott Wave count: {i} of 5.
TTD Trading Strategy: Looking for a larger pullback to place longs. We could place the stop where the red line is at around 59$, or else for a more conservative trade, on the top of wave 1 at around 52$.

TTD Technical Indicators: We have had support from both the 20 and 200EMA which is a great upside sign.

Analyst: Alessio Barretta

The Trader DeskInc., TTD: 4-hour Chart, September 13, 2022

The Trader DeskInc., Elliott Wave Technical Analysis
TTD Stock Market Analysis: Looking for a small pullback into wave (iv) to then have a larger retracement.

TTD Elliott Wave count: (iii) of {i}.

TTD Technical Indicators: We are above all averages.

TTD Trading Strategy: We could place longs on the small wave (iv) or else look for a larger pullback in wave {ii}.

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