Since my latest analysis, $TWTR rallied and reached the 30$ target zone (see linked idea).
Now, $TWTR is forming potential bull flag, just below the 32-33$ structure zone.
It looks like $TWTR is about to break out of both the structure zone and the trading channel (black dashed lines) towards the next target zone - 36-37$
The Fast and 50 SMA lines act as support now and a potential pullback towards 26$ (although it will be painful) will still keep the bullish setup valid.
The bullish Butterfly is still the main setup here as I'm looking for the price to reach the pattern's target levels.
Tomer, The MarketZone.net
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Now, $TWTR is forming potential bull flag, just below the 32-33$ structure zone.
It looks like $TWTR is about to break out of both the structure zone and the trading channel (black dashed lines) towards the next target zone - 36-37$
The Fast and 50 SMA lines act as support now and a potential pullback towards 26$ (although it will be painful) will still keep the bullish setup valid.
The bullish Butterfly is still the main setup here as I'm looking for the price to reach the pattern's target levels.
Tomer, The MarketZone.net
Subscribe to my mailing lists - goo.gl/JfOLoR
Follow me on TradingView
Follow my blog - goo.gl/TWWN8C
Comment:
Talked about the potential pullback towards 26-27$ in my analysis. Nice strong reaction to that zone as $TWTR back near the breakout zone.
