Analysis: The weekly chart shows 
GT forming a lower high at $21.8, mirroring a 2021 bearish pattern. Trading volume is decreasing, indicating reduced buyer interest. The RSI at 78 on the daily chart suggests overbought conditions, with $18.74 as the next pivot support. The 4-hour chart confirms a sell signal, reinforcing the bearish bias.
Entry: $21.80 - $22.00
Target: $18.74 (14.04% downside)
Stop Loss: $22.80 (4.59% upside)
Risk-Reward Ratio: 3.06:1
Indicators: RSI, Volume, Weekly Chart Patterns
GT forming a lower high at $21.8, mirroring a 2021 bearish pattern. Trading volume is decreasing, indicating reduced buyer interest. The RSI at 78 on the daily chart suggests overbought conditions, with $18.74 as the next pivot support. The 4-hour chart confirms a sell signal, reinforcing the bearish bias.Entry: $21.80 - $22.00
Target: $18.74 (14.04% downside)
Stop Loss: $22.80 (4.59% upside)
Risk-Reward Ratio: 3.06:1
Indicators: RSI, Volume, Weekly Chart Patterns
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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.
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.