Following up with yesterdays Analysis, GJ is continuing its retest around the $136.72 level. If price manages to close above that level, then I predict price spike to $137.00. To back up that idea I spotted a possible triple bottom formation.(Marked On Chart)
Furthermore, price has been wicking out at that same level ($136.72), which shows a possible bearish scenario. For added bearish confluence, their was a recent 3 pin formation formed.(Marked on Chart) First minor level of decline would be towards $136.40.
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Furthermore, price has been wicking out at that same level ($136.72), which shows a possible bearish scenario. For added bearish confluence, their was a recent 3 pin formation formed.(Marked on Chart) First minor level of decline would be towards $136.40.
Thanks For Reading My Analysis
All Likes & Comments Are Appreciated!
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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.