August declines pushed $TWTR right into the Butterfly's PRZ near 20-22$ and the stock bounced sharply and rallied to 28$, closing above its Fast line ( signal).
During the last couple of weeks, even during last Friday's declines, Twitter showed strength as it continued to trade between 26$ and 28$, above its Fast line.
The pattern marked in green circle is an Inverted pattern that is very close to breaking out of the neck line.
When (and IF) it'll happen, Twitter will rally towards 30$ to meet its 50 line and previous major structure zone that is now resistance.
The upside potential above 30$, should Twitter break out of it, is to reach its downtrend line (red dashed line) near 35$ per share.
In the chart you'll see two different trade options - Short term (trading the breakout) and longer term (trading the and the )
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