I stopped following Twitter at some point of time but I´ve been curious on, after all the news bombardement and price movement we had in 2016, what price we may expect in 2017?
I found a very interesting setup: on first place, we have an ascending fork (labeled green) where the Median Line hasn´t been reached. Therefore, as per Hagopian´s rule, the price should go as low as the Hagopian Line which connects two extreme minimums of the Fork in question. This would give a retracement to 13.30 area.
Then I built another Fork (labeled blue) and found my target price area of 13.30 is very close from the bottom line of this fork.
Finally, I tried to see if there were any harmonic patterns and spotted a potential Cypher pattern, which lower extension coincides with 1.414 Fibo level and the bottom of the fork labeled Blue, very close to the Hagopian line.
As a conclusion, my trading setup is:
Long Twitter shares at 13.30, with a SL placed at 10.35 and targeting the completion of a Cypher pattern at 22.20. If shares go to 12 and 11 area, I expect to be able to add longs gradually at new historical minimums.
تعليق
Shares going down while the market renews All-Time-High values. No good...
تم حذف الأمر
No entry point as price reversed earlier than expected =( Looking for a development now
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
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