Took an entry on Twitter--cause why not? Corner pocket still in play, stop is tight. Next zone is marked and has better R/R.
Overall View : Bearish on 3 Day but last ride up was impulsive.
As always, not adjusted for time and Education only Peeps...
The price bounced from the resistance zone between 35.00 and 35.50 levels. RSI confirmed the price reversal. The market looks overbought and the downward movement will be logical. MACD histogram gives a bearish signal. MACD lines are going to support a possible downward movement. DMI is bullish but ADX line, after reaching 50.00 level, starts a sideways movement....
TWITTER Stoke must be high 42 to 45 level . The market price is now at 39, From here the market can make some correction,so if you can wait for correction , it will be good to buy position because market must be touch 42 and 45 Area. Correction Area 37.50 should be take a buy position .
Despite the recent strength that SPX has been showing, TWTR was left behind.
The stock's price is still below resistance and it's in a consolidation mode.
The scenarios, targets and follow up scenarios are shown in the chart
Very large head and shoulders finishing out the right shoulder(s) now. Attempt to reclaim the yearly pivot zone (Pink) failed providing very bearish price action in chich the pivot was gapped below, and failed a retest. So far TWTR has also been rejected by it's maco supply & demand channel. the Head and shoulders price target is well below the next yearly support...
I just took 1 simple indicator, and chart...
I've took the comparison of the Chart & RSI of 2014-2015 with the current one 2018-2019
It clearly shows that we still not have the bottom, neither in RSI which has to be lower than the previous one in DEC 2018
More blood to come?
Let me know what you think about this comparison.
NYSE: #Twitter | $TWTR has held this support for +440 Days!
Personally, we are SHORTING. This play looks like pure manipulation,
and it's just a matter of time before we BREAK DOWNWARD.
The world's stock markets are OVERBOUGHT, and appear ready
to TUMBLE DOWN to amplify the ugliness of this chart!
Twitter has been setting up a couple pretty strong bear patterns.
There is a nice forming H&S pattern with the right shoulder forming a low slung triangle pattern with the down-leg candles strong the the up-leg for the triangle and also the H&S pattern.
Moving averages has also decided to cross bearish with price action showing below it. The 100 EMA on the week...
THE AUDCAD IS IN SOME KIND OF CONSOLIDATION AS WE HAD A FAILED BREAK AND RETEST OF THE RESISTANCE ABOVE AND WE HAVE ENTERED THE TRADE FOR A SMALL 60 PIP SELL
BE SURE TO USE A PROPER RISK MANAGEMENT WHEN TRADING