On my previous analysis GN failed to clear the green trendline and continued lower and confirmed the downside below 17494.
Downside target zone 17354-17243 for the time being, however depending on the price objective it can still go lower to about 17150-17100.
GN could consolidate/reverse from 17354-17243, look for reversal price structure and possible termination of the correction from 18950.
This is likely forming either a WXYXZ or a ABC structure.
Downside target zone 17354-17243 for the time being, however depending on the price objective it can still go lower to about 17150-17100.
GN could consolidate/reverse from 17354-17243, look for reversal price structure and possible termination of the correction from 18950.
This is likely forming either a WXYXZ or a ABC structure.
