Take-Two: Further Declines Likely Ahead

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Take-Two: Further Declines Likely AheadTake-Two Interactive Software, Inc.NASDAQ:TTWOMarketIntelSince the peak of beige wave b in our previous Target Zone, Take-Two has experienced significant sell-offs. While we have observed a minor countermove to the upside recently, we expect the downward movement of green wave to resume imminently. For now, the wave-b top – marked by resistance at $245.10 – should remain untouched; instead, the green downward impulse should continue developing, ultimately pushing price below support at $135.62. There, our blue Target Zone between $107.47 and $46 is positioned to capture the broader corrective low of blue wave (II). However, in our short-term alternative scenario, we must still account for the possibility of a new wave alt. b high. In this 35% likely case, a move above the $245.10 level would delay the expected declines. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do (for more: look to the right).