TWT has been in a descending channel since November 7th, a classic burn-off pattern after a strong bull capitulation to $1.82. The downward pressure appears to be waning and we may be getting ready for a reversal.
How do we trade this?
The trend is always king when making trading decisions, meaning it should be the strongest data point in your analysis....
TWT making a beautiful double tops. The price that end of arrow is a good point for taking profit partially. Do NOT enter the position with shadows. At least we need breakout with 3 candles in daily period.
