Market Snapshots

Twitter Wave Analysis 23 September, 2020

Twitter Wave Analysis 23 September, 2020

• Twitter broke resistance level 43.70

• Likely to test 45.50

Twitter today opened with the sharp upward gap breaking above the resistance level 43.70 (top of the previous short-term impulse wave (iii) from the start of September).

The breakout of the resistance level 43.70 continues the active short-term impulse wave C from the end of June.

Twitter is expected to rise further toward the next powerful resistance level 45.50 (which stopped the sharp uptrend in September of 2019) – from where the price is likely to correct down.

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