Twitter.. Bearish diamond spotted
yellow lines- weeky channel
Green lines - breakout
Whitelines -Diamond pattern bearish
Fell out of the diamond Friday on a good job report that hurts especially social media and stay at hope covid stocks. The typical drop on this diamond pattern is the vertical lenght of diamond. In this case the lenght is 9$; that would place twitter retracing back to its channel bottom right on top of its 200ma.
1st tp 64.97
Stop loss after this 65$
2nd and final tp 61.25
Green lines - breakout
Whitelines -Diamond pattern bearish
Fell out of the diamond Friday on a good job report that hurts especially social media and stay at hope covid stocks. The typical drop on this diamond pattern is the vertical lenght of diamond. In this case the lenght is 9$; that would place twitter retracing back to its channel bottom right on top of its 200ma.
1st tp 64.97
Stop loss after this 65$
2nd and final tp 61.25
כתב ויתור
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