Short GFT
GFT appears to have completed its Elliott Wave structure with the culmination of the Wave 5 along with a bearish divergence on the 4-hour time frame. VWAP has signaled a transition in the money flow, particularly subsequent to the most recent bearish 4-hour candlestick closure. Projection-wise, Wave A seems like it's heading to the .618 Fibonacci retracement level before we see any significant bounce. Blow off tops like these are great shorts because the panic selling can get brutal. Ride the bearish momentum here.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
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