Categories: Technical analysis

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.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Twitter

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