GMTUSDTHello everyone 😃
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GMT has formed a symmetrical triangle, Which can be considered as a bullish pennant into higher time-frames. - Also
GMT is moving below the ATH and so it comes with three separated targets! If we get the closings above the resistance zone, Then you can open Long on a proper retest $3.5's broken zone.
Targets are :
- $3.66 ( ATH's resistance )
- $4.13 ( ATH's break-out target )
- $4.53 ( Symmetrical Triangle's break-out target )
- $5.00 ( Bullish pennant's break-out target + FIB extension's target )
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
Helical_Trades
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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.