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Long

TWLO: Going Long after RSI Consolidate

NYSE:TWLO   TWILIO INC
Hi All

It's all in the chart, buy signal.
Due keep in mind, there is always a possibility of retracement.
The RSI does show overbought above 70 K-D.
This is a long position when enter.

Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.

Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100

Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.

Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.

Happy trading People...
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