Analysis: 
GT has formed a double top at $22.50, with the current price of $22.18 showing hesitation to break higher. The double top, combined with a bearish MACD divergence (lower MACD peaks), suggests a reversal. A break below $22.00 could lead to $21.30 (prior support). Enter short below $22.00, with a stop-loss above $22.50. Take-profit at $21.30.
GT has formed a double top at $22.50, with the current price of $22.18 showing hesitation to break higher. The double top, combined with a bearish MACD divergence (lower MACD peaks), suggests a reversal. A break below $22.00 could lead to $21.30 (prior support). Enter short below $22.00, with a stop-loss above $22.50. Take-profit at $21.30.
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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.