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DailyChartist
Jan 8, 2021 12:21 PM

Twitter signaling a correction, BUT! Short

Twitter, Inc.NYSE

Description

The bullish flag for now is ruined as we have turned South in the previous trading session. The support of the potential figure was breached and we closed below it. Currently we are in a fractal support of the uptrend - that's the BUT! part. Because RSI and MACD's crossover and histogram are signaling that we may head for a correction and that it's appropriate to take short positions. Breach of the current support will be the additional indicator to start selling.
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