🛑Trumpgate ": Twitter and US100 fell sharply❗

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After the opening of today's session in the US, we can observe strong declines in Twitter stock. The company lost up to 10% in premarket trading, which is related to the recent decision to block Donald Trump's account. In a statement, the company explained its decision that the recent tweets of the US president were perceived as "incitement to violence".

"After careful consideration of the recent entries from Donald Trump's account and related context - especially how they were received and interpreted by Twitter users and beyond - we decided to permanently suspend the account due to the risk of further incitement to violence" we can read in the statement

Just after the start of the US session, the Nasdaq Index (US100), which includes Twitter, fell more than 1% . When looking technically at the D1 interval, we are dealing with a dynamic retreat from the historic peaks set last week. If today's daily candle closes at the current level or lower, then a bearish engulfing pattern will form, which heralds declines. In such a scenario, the downward impulse could reach the 12,450 pts level.

US100 starts the session with strong declines, a pro-bearish engulfing pattern is forming on the D1 interval. Source: xStation5

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