Analysis: GT ($21.38) is showing signs of exhaustion after failing to hold above $22. The 4-hour chart indicates a sell signal, with the price testing the 50-day SMA ($21.37) (Web ID: 11). The ATR shows decreasing volatility, suggesting a consolidation or pullback to $20.50, a key support level (Web ID: 8). The Fear & Greed Index at 64 (Greed) warns of a potential correction (Web ID: 12).
Trade Setup:
Entry: $21.30–$21.50
Target: $20.50 (4% downside)
Stop Loss: $22.00
Risk-Reward Ratio: 1:1.2
Confidence: Moderate (60%)
Note: Confirm with a break below $21.15.
Trade Setup:
Entry: $21.30–$21.50
Target: $20.50 (4% downside)
Stop Loss: $22.00
Risk-Reward Ratio: 1:1.2
Confidence: Moderate (60%)
Note: Confirm with a break below $21.15.
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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.