Analysis: GT ($21.38) is struggling to break the $21.66 resistance, a key Fibonacci level (Web ID: 2). The 4-hour chart shows a double-top pattern, signaling potential reversal. The 1-day technical analysis indicates a sell signal, with the price near the upper Bollinger Band (Web ID: 24). Support at $19.55 is critical; a break below could accelerate selling (Web ID: 2). Low trading volume suggests fading bullish momentum.
Trade Setup:
Entry: $21.20–$21.40
Target: $19.55 (8.5% downside)
Stop Loss: $22.00
Risk-Reward Ratio: 1:2
Confidence: Moderate (60%)
Note: Watch for a break below $20.50 for confirmation.
Trade Setup:
Entry: $21.20–$21.40
Target: $19.55 (8.5% downside)
Stop Loss: $22.00
Risk-Reward Ratio: 1:2
Confidence: Moderate (60%)
Note: Watch for a break below $20.50 for confirmation.
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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.