HOOD & TSM Face Bearish Trends
HOOD has pulled back significantly, and the weekly BX remains red, signaling we’re not in a buy zone yet.
For a new expansion to begin, we’ll need to see the BX flip green and clear signs of buying pressure returning.
The setup is forming, but it’s not confirmed — staying patient here is critical.
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2. $Taiwan Semiconductor Manufacturing(TSM)$
TSM has seen a sharp pullback over the past few weeks, but it’s currently bouncing off the monthly market bias — a key support level we’ve respected in the past.
That said, there’s no confirmation yet. The BX Trender still shows no signs of strong buying, so calling this a bottom would be premature.
For now, the best move is to stay patient and wait for the BX to confirm buyer interest before re-entering.
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