$TWT On the chart, the completion of the corrective structure ABC is observed after a local upward impulse.

Wave A is the first wave of decline with a strong downward impulse.

Wave B is a rebound forming a false breakout of resistance in the range of $1.50–$1.55.

Wave C is the current stage of decline, approaching the zone of potential completion of the correction — around $1.25.

This area is key support, coinciding with the previous minimum and the zone of increased buying interest.

If the price holds and signs of consolidation appear, a reversal and the beginning of a new wave of growth towards $1.45–$1.55 is possible.

However, a breakout below $1.25 will open the way to $1.18 and deeper — into the zone of $1.10, where the next support structure lies.