TWTR(Unfolding nicely)

wastelands said:
The fall indicated by i-ii-iii-iv-v is a text book example of a five wave impulse wave which shows the larger trend will be downwards. Also the correction that started from the end of wave v is a three wave correction an a-b-c correction ending in the area of the previous wave iv. All this shows a high probability that the next move is going to be on the downside.

I hope this will suffice.
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ok.

It has been moving choppily between 45 and 54 for a few days already.

Those textbooks 12345abcABC / Elliot .... things very rarely work in real life.
why? because the writers did not spend thousands and thousands of hours looking at / analyzing the charts.
definitely, it works for the book publisher in the sense that they profit from selling the books.
I have destroyed/burned most of my trading books.

Those who can trade, trade.
Those who cannot trade, teach.
Those who cannot trade, write.


Anyway, don't take my words and what the book says as Gospel truth.
Go test it yourself.
 
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maxinger said:
ok.

It has been moving choppily between 45 and 54 for a few days already.

Those textbooks 12345abcABC / Elliot .... things very rarely work in real life.
why? because the writers did not spend thousands and thousands of hours looking at / analyzing the charts.
definitely, it works for the book publisher in the sense that they profit from selling the books.
I have destroyed/burned most of my trading books.

Those who can trade, trade.
Those who cannot trade, teach.
Those who cannot trade, write.


Anyway, don't take my words and what the book says as Gospel truth.
Go test it yourself.
More...

Stockchart patterns even the best ones fail about 50% of the time. Thomas Bulkowski analyzed numerous chart patterns in one of his books. The failure rate was about 50% for most chart patterns. Relying merely on chart patterns by itself is dumb. That is the reason we have stop losses to get us out sooner, rather than later if we are wrong. Trends though last longer than most people think they do.
 
If Elon backs out, the price will crash and never recover.
Biden's ministry of truth will have saved us from inconvenient truth.
 
ET180 said:
It appears that there might be some shenanigans going on...

https://www.zerohedge.com/technology/twitter-burning-evidence-unshackling-conservative-accounts

Also saw something about Twitter overstating daily active users in the past.
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Have not been on Twitter since, I deactivated my account. See, they do not allow accounts to be deleted. Could they have simply, activated those accounts deactivated by users? That would have the effect of gaining back a huge number of users of Twitter that they lost?
 
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