themarketzone

Two harmonic scenarios towards earnings

NYSE:TWTR   Twitter Inc
Possible Bullish Butterfly as a bearish scenario and possible bearish Gartley ahead of earnings .
36$ has proven to be a resistance zone over the last two weeks and above it we have 40$ which is another major resistance zone .
Below, the only support we have in $TWTR is near 30$, which is point A of the bearish Gartley .

As long as the price remains below the downtrend line, the bearish potential looks like the one with the better odds... but, as long as the price is above 30$ (above point A of the red Gartley ), the bullish potential is also there

What do you think?

Read the complete analysis here - http://goo.gl/rDt1Ni
Also the Weekly Markets Analysis includes $SPY, $QQQ, $AAPL             , $XLF and more

Have a great trading week
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