GRT SEEMS READY TO BOUNCE FROM THE RETEST AND MA200
Updated
I am waiting a bounce after the confirmation with the upper line of the parallel channel. This line also holds MA200 support in this time frame. There is also a strong support behind the upper line of parallel channel. The price may touch there and then bounce.
RSI indicator is also following the trend. Touching the RSI trend line is possible. However the RSI value seems already low. Hence this level of RSI supports a bounce, too.
RSI indicator is also following the trend. Touching the RSI trend line is possible. However the RSI value seems already low. Hence this level of RSI supports a bounce, too.
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So far so good. We've bounced from the support and retest confirmed.Comment
After the nice support from both MA200 and the green area, The fallen wedge formation is breaking out in 1H time frame.
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