Daily Chart of TWLO
TWLO is forming 4th corrective wave of downtrend Motive Wave 1-2-3-4-5. The 4th wave is a contracting triangle formation. 4th leg of this triangle is complete. The 5th leg is usually 61.8 percent retracement of 3rd leg.
After formation of the 5th leg of the triangle, TWLO may commence a steep 5th impulse wave, ending below USD 10.
See charts below for the larger picture and 3-3-3-3-3 wave in the triangular formation.
TWLO is forming 4th corrective wave of downtrend Motive Wave 1-2-3-4-5. The 4th wave is a contracting triangle formation. 4th leg of this triangle is complete. The 5th leg is usually 61.8 percent retracement of 3rd leg.
After formation of the 5th leg of the triangle, TWLO may commence a steep 5th impulse wave, ending below USD 10.
See charts below for the larger picture and 3-3-3-3-3 wave in the triangular formation.
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