TWT forming a symmetrical triangle
Based on my TA, after the cup and handle pattern, TWT started forming a symmetrical triangle as shown on the weekly and daily charts.
and on the 4hr TF it formed a double bottom, and reached the target price which is $1.12 and then retraced back to the neckline,
my next move would be to wait for a confirmation 2-3 4hr candles closure above $1.12 -$1.14 then i would open a long position
SL: $0.844
TP1:$1.226
TP2:$1.328
TP3:$1.4219
TP4:$1.5860
failure to close above the mentioned levels and breaking the lower triangle line will result to a further decline in the price to 0.869 then 0.79 then 0.56 levels
what do you think of this trade?
and on the 4hr TF it formed a double bottom, and reached the target price which is $1.12 and then retraced back to the neckline,
my next move would be to wait for a confirmation 2-3 4hr candles closure above $1.12 -$1.14 then i would open a long position
SL: $0.844
TP1:$1.226
TP2:$1.328
TP3:$1.4219
TP4:$1.5860
failure to close above the mentioned levels and breaking the lower triangle line will result to a further decline in the price to 0.869 then 0.79 then 0.56 levels
what do you think of this trade?
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