Analysis: 
GT at $21.8 is encountering repeated rejection at the $21.66 resistance, a key Fibonacci level. The 4-hour chart shows a double-top pattern, and the daily RSI at 78 indicates overbought conditions. A pullback to $19.55, aligning with the 0.382 Fibonacci retracement, is probable. Declining volume supports the bearish outlook.
Entry: $21.80 - $22.00
Target: $19.55 (10.32% downside)
Stop Loss: $22.50 (3.21% upside)
Risk-Reward Ratio: 3.22:1
Indicators: Fibonacci, RSI, Double-Top Pattern
GT at $21.8 is encountering repeated rejection at the $21.66 resistance, a key Fibonacci level. The 4-hour chart shows a double-top pattern, and the daily RSI at 78 indicates overbought conditions. A pullback to $19.55, aligning with the 0.382 Fibonacci retracement, is probable. Declining volume supports the bearish outlook.Entry: $21.80 - $22.00
Target: $19.55 (10.32% downside)
Stop Loss: $22.50 (3.21% upside)
Risk-Reward Ratio: 3.22:1
Indicators: Fibonacci, RSI, Double-Top Pattern
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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.