TROY Update:
On the 15-minute chart, we’re seeing a downtrend, but here’s why: the volume of buys and sells is very close, creating tight pressure in the market. There have also been a lot of short positions and liquidations that needed to be filled, which naturally caused this pullback.
This suggests the current movement is part of a larger pattern, and the overall outlook is still positive. This movement is part of the pattern and does not change the bigger picture. On the hourly time frame, TROY is still looking bullish, and the uptrend remains intact. This short-term dip might just be setting the stage for the next leg up.