TWTR just bounced off median of flag channel & is now consolidating between 2 anchored VWAPs.
A measured abc or flagpole move would take us to 116 for wave 3.
TWTR recently completed a M-pattern, reversed up & now is retesting the neck before a leg higher to reach 58 & 66 TP levels.
it also stopped right in the middle of my yellow box unsure which direction to take.
A consolidation near the neck area before further rally would be my bias as wave 3 continues.
just maybe coming changes would be good to TWTR.
not trading advice
A measured abc or flagpole move would take us to 116 for wave 3.
TWTR recently completed a M-pattern, reversed up & now is retesting the neck before a leg higher to reach 58 & 66 TP levels.
it also stopped right in the middle of my yellow box unsure which direction to take.
A consolidation near the neck area before further rally would be my bias as wave 3 continues.
just maybe coming changes would be good to TWTR.
not trading advice
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.