GY Tank

19 בינו׳ 2021

Probable long term drop in price after uptrend breakout and current retest on trendline which may also be looking to reverse at point D of the trendline. Price found resistance at 142.000 forming Double Tops, which are now facing major retracement, and if Fib Retracement is applied from highest price (on Double Tops) to retacement point, price is consolidating at 61.8 % level and previous uptrend structure Higher Low which is now a demand turned supply zone. Minor consolidation box breakout and close below EMA, may confirm short position entry point.