Deftsuo

TWTR looking like a double top, similar to 2014/2015.

Short
NYSE:TWTR   Twitter Inc
TWTR is currently putting in what appears to be a double top . We saw a similar structure form back in 2014/2015 before Twitter headed lower. There is a possibility we may see that pattern repeat here. I am looking for a pull-back to some of the weekly moving averages. Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> https://www.binance.us/?ref=35000668

MA Guide (All weekly for this post):
50 MA in Green.
100 MA in Yellow.
200 MA in Red.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Comment: Here's a bit of a cleaner view of the chart:
Trade closed: target reached: Blew right through my target at $35-36:

Comments

Looks like a double top to me and seeing this on a weekly time-frame supports a strong rejection case as well. I'm getting the same price target as you near $36. Good work :)
+1 Reply
Deftsuo AndrewLoveless
@AndrewLoveless, Thank you!
Reply
Nice one dude
Reply
Deftsuo VOC-Handelaar
@VOC-Handelaar, Thank you!
Reply
Where do you see it dropping to?
Reply
Deftsuo drewsample
@drewsample, I'd be looking for a pull-back toward $36-37.
Reply
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