Looking for buy entry to TWLO with the potential inverse H&S.
Will either buy on break of the neck or look for entry earlier depending on price action.
Probable entry points in this case would be:
BUY: approx $109
Stop Loss: $102.37
Sell approx $131.63
Potential Head and Shoulders Pattern
Massive volume spike as it was sold down from its peak - noted by the black arrow on 4 March 2019.
Target for head and shoulders pattern and 0.618 retracement on weekly chart basically line up.
Looking for a potential drop to $185ish
I'll be starting to buy once it hits 0.50 retracement
Another opportunity where the rising wedge should be touching resistance and preparing to break.
Order placed - currently unfilled
Take Profit is fairly deep so I will be watching closely and adjusting prices accordingly.