TWTR oversold rally may reach 44.50 but M-pattern goal is 29
TWTR & TSLA fell due to ELON MUSK’s selling of TESLA shares to buy TWTR @54.20/share but later retracted when TWTR fell. Investors dont like uncertainties.
TWTR may be doing a M-pattern to reach the 29 pivot which also a FIBO 0.854 retracement from ATH 80.75 to bottom 20. 29 is also a move downward the size of the yellow square.
However, it may have an oversold rally first to fill all the gaps but will be rejected at 44.50, the orange VWAP YTD or at the neck of M-pattern @46
29 will complete the 3-3-5 ABC corrective wave so that wave 5 may begin.
Not trading advice
TWTR may be doing a M-pattern to reach the 29 pivot which also a FIBO 0.854 retracement from ATH 80.75 to bottom 20. 29 is also a move downward the size of the yellow square.
However, it may have an oversold rally first to fill all the gaps but will be rejected at 44.50, the orange VWAP YTD or at the neck of M-pattern @46
29 will complete the 3-3-5 ABC corrective wave so that wave 5 may begin.
Not trading advice