This is an Update to a previous Idea i posted a couple weeks ago in which i expected GRT to give us a pullback from the top of a Parallel Channel as it was showing Hidden Bearish Divergence on the MACD and was near Deep Fibonacci Retracement levels. In that Idea i did hint towards a possible level that i felt GRT drop to and become Bullish at and now that GRT has gotten much closer to actually hitting the level i am posting the Bullish side of the trade.
For context of why i expected this pullback check the Related Ideas tab.
For context of why i expected this pullback check the Related Ideas tab.
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It's been sitting in the buy zone for months and is now at the very bottom of the buy zone; if it's gonna see a big move to the upside it'd be from here now or never.
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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.