GALAUpdated Gala breaking upward from inverse head and shoulders pattern
Target is 58 cents. Next target after that is retesting the top trendline of the tan channel, aka the double bottom neckline. *not financial advice*
Note
Target hit with exact wick precision!Note
Gala has continued its pump and is now breaching the double bottom tan neckline.Note
Often times the initial first breach of neckline ends up dipping back below that neckline but considering how close to perfectly horizontal this neckline is, I can give the same basic estimate for its measured move target no matter where it validates the breakout along the enckline. That target is around 13.37 cents giving the total percentage of gains from both targets once it reaches that of 300%.Note
Gala just closed the most recent daily candle back above the top trendline of the tan channel (aka the double bottom neckline). Nw the follow up candle is currently green and if it also closes above the double bottom neckline then we may see it try to validate the breakout of the channel sooner rather than later as well.Note
Super log correction here has takengala all the way back to retesting the bottom trendline of the tan channelNote
Currently price action is still above that trendline but acting like it might try to retest it before correction is over. If so that would probably be the zone where I may buy more.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.