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...
JPM has broken initial support area near the top.
Will be pyramiding a short position upon breaking of each marked level.
There is an untested area of the charted circled.
Damaged sentiment. Damaged general market conditions. Very nice chart setup. Early entry short at 121, confirmation entry upon break & close below 120.
Will be picking up some long term ATM Naked LEAPS upon safe breaking of 120.
The yellow areas are vulnerable places where price may visit, "vulnerable" meaning that price never went back creating an unfilled...
Not much to see here; Plain and simple trading with a minimum expected movement from a Head & Shoulders.
Lots of negative news coming out about this company, but it isn't moving the price as much as it used to.
With the general market being bearish on tech, and lot of bad news coming out that isn't moving prices, this could is a good long opportunity...
