June 16 Chart of the Day - The Trade Desk
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
The Trade Desk (TTD) is back in the headlines this week as concerns mount over its relationship with Roku.
The company provides a self-service cloud platform for planning, managing, and measuring data-driven digital ad campaigns across multiple formats and channels.
With price still trading well below its highs, the recent pullback raises a key question: is this just a temporary setback—or a textbook higher low in a potential comeback story?
As always, we’ll let the price action do the talking.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 525+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.
Monthly Chart
On the monthly chart we can see that since setting its $141.53 all time high last December price entered a $100 free fall bouncing around the $40 level.
Since April price rebounded to the $76 level before fading back some to the downside. Is this something investors should get excited about or will price continue falling?
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
On the weekly chart, we can see with much more clarity the relentless selling pressure during the past six months before bouncing and forcing many of the shorts to cover their positions.
Technically speaking, the chart reveals that much more downside could be in its future.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
Because You Were Interested in today's FREE Chart of the Day...
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- Free Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones
