June 26th, 2014: TWTR Wave Count Update
Posted by pugsma on June 26, 2014
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SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on June 26, 2014
TWTR price has broken the 6-month old down channel on the daily chart. Consequently TWTR price action is looking very constructive (i.e. bullish) after finding what looks like a P2 bottom at 29.51, just above the IPO price of 26.00.
TWTR 60-min chart (EOD):
TWTR daily chart (EOD):
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