I know everyone's bullish following the announcement that Elon wants to buy 
TWTR, but the chart still doesn't look bullish.
The candle last week sharply rejected the $51 level which is the level price action originally broke down from, which now sets up a move lower.
I think the most likely scenario from here is that price sweeps the lows. And falls to between $26-30 (possibility it falls lower, but those are the conservative downside targets).
In the very short term, I could see the possibility of one more retest of $51 (which I don't think would be likely to break resistance based on the chart). If that happens and rejects yet again, the probability of this playing out increases a lot.
Let's see what happens over the coming weeks/months.
TWTR, but the chart still doesn't look bullish.The candle last week sharply rejected the $51 level which is the level price action originally broke down from, which now sets up a move lower.
I think the most likely scenario from here is that price sweeps the lows. And falls to between $26-30 (possibility it falls lower, but those are the conservative downside targets).
In the very short term, I could see the possibility of one more retest of $51 (which I don't think would be likely to break resistance based on the chart). If that happens and rejects yet again, the probability of this playing out increases a lot.
Let's see what happens over the coming weeks/months.
Nota
I could also see another retest of $55, before further downside, but a rejection in that region $51-55, will set up this idea.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.