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Twitter – prognosis via Dow Theory

Weekly chart:

The current downtrend in the big picture is far into its movement, and reached its current low point of $ 15.48 last week. The currently valid correction zone goes from $ 21.01 to $ 31.87 (red rectangle). A correction into this zone is very likely. However, so long as the price cannot exit this zone upwards, the downtrend will remain intact and along with this, the probability of a continuation of the trend also remains very high.

Chart1

Daily chart:

In this trend size there is already a mature trend that is positioned deep in the last correction zone. The upper limit lies at $ 19.04. If this marker is broken by the closing price, a larger correction would be very likely.

Chart2

Hourly chart:

What is still missing in the daily chart has already happened in the hourly chart. Here the downtrend has already been broken and a new course high was generated at $ 19.03. Right now, the price is in the correction. To establish a new trend, a new high above $ 19.03 is needed. Only then could one consider a new trade here.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

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Monday, 25 Jan, 2016 / 2:47

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