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TWTR Short!As you all know, TWTR has been in a pretty steep down trend for about the last 6 month. Nothing right now is really telling me a reversal is coming, especially with the way the entire market has been preforming in 2022. However, I don't like trading based off trends alone. So, I have identified a continuation pattern with the bearish rising wedge above. One of my favorite patterns to trade but remember the importance of setting entry, targets, and stop losses!! Good luck! Not advice, just speculation (:
NYSE:TWTRShort
by inactiveaccountdontfollow
Will the FED be able to control inflation? Spy outlookSp500 ended the day continuing to form a bear flag. We are still in a bearish market. I am short term bearish, short term bullish and long term bearish First let me explain why I'm bearish next week then bullish. There are a few reasons why i think the market will drop to around 3829.75 - 4016.75 The moving averages are color coded Blue - Daily 200 MA Purple - weekly 50 MA Orange - Weekly 100 MA Green - Weekly 200 MA 1st - on April 5th 2021, where the red rectangle is, there is a small gap we are probably going to fill before heading up 2nd - the trendline starting from February 5th 2018 is well respected. I see a bounce off the top of the trendline next week 3rd - the Daily 200 MA was rejected and found support at the weekly 50 MA. Bulls fought hard but support looks relatively weak. 4th - global events are spooking the market. Inflation/fed and rate hikes starting in March, tension between Ukraine and Russia. Overall market doesn't look good. After the drop I expect a relief rally before the real drop comes. A drop from the highs down to the bottom trendline is around 60% 1 year from now. 2007 drop was around 54%. Previous corrections were around 30 to 50 % This correction I'm expecting a bigger drop because of how overvalued the market is. My trade plan: buy Feb 21st and 28th calls and start building a long position when price gets to 4010 and shows confirmation of a reversal or bounce off the main trendline. If we drop more to 3829.75 I would load up heavy on calls. HOLD CALLS SHORT TERM ... I would sell and slowly build my put position as price hits the .382 .5 and .618 retracement level of the high to low swing from ATH. Watch the .782 level as a close above this level on the daily chart will invalidate this idea.. I would put a stop loss above the .782 retracement If you like my ideas make sure to like and follow!
CME_MINI:ES1!Short
by moneysignSean
1