TWTR update 05/23

TWTR: My prior expectation was for a move lower (c of iv) but instead we got a move higher. This most likely means the sloppy advance in April was minor-1 as a leading diagonal. Now minor-3 is underway, which appears to be subdividing. I’d like to see the 100% (to 123.6%) extension being tagged for iii of 3, and than a retrace back to low-32s for iv of 3, with v of 3 targeting 37.08-38.61 (see chart). From there minor-4 should take hold and find support around the 100 to 76.4% extension (34.61-33.08) before minor-5 completes all of intermediate-v and therewith major-3 at around $41.

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