TWTR-Twitter Bullish Shark or Bearish Continue Rectangle?TWTR Bullish Shark or Bearish Continue Rectangle?
Market: TWTR
Time Frame: Daily
Predicted Direction: long
I will open buy if the price will make broke out of @30.80
goal @35,01
SL @28.30
I will open Sell if the price will make fake broke of @25.44
goal 15,58
SL @28.77
TWTR updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
TWTR
TWTR Testing Support, Potential Bounce!TWTR is testing its support at 27.21 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 31.89 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.06% where a corresponding bounce is expected.
TWTR Approaching Resistance, Potential Reversal!TWTR is approaching its resistance at 36.93 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 30.35 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.