Twitter Complex Head and Shoulders
Updated
This is a complex H&S forming on TWTR.
It's a bit complicated due to how pronounced the H&S is, so I've made the target a good bit short of what it actually would be if you used the general measure rule.
Tech, in the eye of the public is now carrying the generalization of being "overvalued".
Sentiment is also trashed due to all of the political risk out there.
Easy short, pyramiding position at break of the next trend-line.
-sf
It's a bit complicated due to how pronounced the H&S is, so I've made the target a good bit short of what it actually would be if you used the general measure rule.
Tech, in the eye of the public is now carrying the generalization of being "overvalued".
Sentiment is also trashed due to all of the political risk out there.
Easy short, pyramiding position at break of the next trend-line.
-sf
Note
I would like to point out that I made a mistake in leaving out the neckline.Neckline is 27 - 26 area, which may act as support, but it is also being tested for the 5th time.
A break of the 26 area would be a very bearish signal..
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