GA looks to be creating a head and shoulder pattern, also in the purple rectangle is a 3 line strike pattern indicating trend reversal. Price reached the psychological level 1.85000 and turned around immediately. Also to add to my sell bias the last 4 4hr candlesticks has thrown wicks to the upside where there is a pivot point so this could very well be a sell signal, especially considering it looks to be the start of the head and shoulder pattern. From here i'm expecting price to fall to 1.81000
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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.