$TWT — another wave after a pause
The working hypothesis for $TWT allows for an unfinished upward impulse. A triangular consolidation or an additional pullback may occur before the next wave.
In this model, the $0.47–$0.48 range is a potential profit-taking area. Merely touching this zone does not mean an upward reversal: what matters is whether buying emerges and whether the price can recover its upward structure.
If the pullback gives way to a new impulse, the continuation scenario gains support. If the decline continues without a response from buyers, there is no need to cling to the previous count at all costs.
The working hypothesis for $TWT allows for an unfinished upward impulse. A triangular consolidation or an additional pullback may occur before the next wave.
In this model, the $0.47–$0.48 range is a potential profit-taking area. Merely touching this zone does not mean an upward reversal: what matters is whether buying emerges and whether the price can recover its upward structure.
If the pullback gives way to a new impulse, the continuation scenario gains support. If the decline continues without a response from buyers, there is no need to cling to the previous count at all costs.