Monday, June 1, 2020

TWTR Premature Bearish Entry Update 1



We bounced off the Trend Line and closed over the 8ema. Technically we should exit here and wait for another bearish indication to get back in this short trade.

However, today's candle combined with the previous candle does not form a sell pattern. And today's volume is small compared to the past 3 candles, which were all bearish. Plus, its natural to bounce around a bit within this consolidation triangle pattern. And price action on Monday's is a little suspect anyway.

So, I'm going to bend the rules a bit and stay in this trade for now.

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