Where Will The Bird Land?Where is TWTR going to land? Seemed to hold that 47.5 area incredibly well...lot of buyers coming in there to pick it up. But then we see the seller pressure come in around the early 49's. Ultimately I think we make our way back up to the 52-53 area this week, but I want to see a goo confirmation above 49.5 before I enter. Shorts if we break 45.5 but I don't see that happening unless we get more bad news. 10% seems to be a healthy enough correction for a company like Twitter.
Please leave any comments or feedback below! I'm relatively new to charting.
Fibretrace
Eur/Zar Potential Complex "B" waveIf you did not already get the first sell level I posted, or if you are in it... Watch out for an ending diagonal which would measure out perfectly to the 1.236 extension. From there, we may get a head and shoulders or flat type structure which could then turn into a WXY structure for a complex "B" wave. I suggest you watch the short video I posted on my channel. Link below. I do see some nice downside coming but that doesn't mean we can't get something to double top or break the high, but I see the sell as the next move.
PEP Sell Set-UpWe were watching PEP a few days ago when we had a bear div on the daily during a weekly downtrend. Didn't take a short at the bear div because was concerned about R:R and where to take a short.
At yesterday's daily close, the pot sweetened for a PEP short as we moved up without invalidating the bear div and closed with a long upward wick (but green).
There's two ways to set this stop: Either set it very tight and damage your win rate, or set it loose and risk a larger % loss. It's not an easy choice but it has to be made so I chose the tight stop.