Analysis: 
GT is forming a head and shoulders pattern on the 4-hour chart, with the head peaking at $22.50 and the neckline at $21.80. The current price of $22.18 is near the right shoulder. A break below $21.80 confirms the pattern, targeting $21.00 (pattern projection). The volume is declining on rallies, supporting bearish momentum. Enter short below $21.80, with a stop-loss above $22.50. Take-profit at $21.00.
GT is forming a head and shoulders pattern on the 4-hour chart, with the head peaking at $22.50 and the neckline at $21.80. The current price of $22.18 is near the right shoulder. A break below $21.80 confirms the pattern, targeting $21.00 (pattern projection). The volume is declining on rallies, supporting bearish momentum. Enter short below $21.80, with a stop-loss above $22.50. Take-profit at $21.00.
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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.