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Gordongekko
Overview of GMK sharesA wedge pattern is formed on the daily timeframe, which precedes growth . Perhaps the price will make another movement within the formation, and then go according to the planned scenario.
The upward trend continuesDespite the recent fairly strong correction, the price is starting to move in an upward direction again. On a large timeframe, you can see how the price failed to overcome the main support zone and retested this accumulation zone. Buyer activity has also recovered again on the 1W timeframe. The picture looks good for continued growth. Therefore, in the coming weeks, the probability of continuing the uptrend is high.
The trend is still upwardAt the moment, the price is moving within the ascending channel and testing its lower border, where it is likely to show growth. The trend is still upward and there are no signs of a reversal. I will consider the bearish scenario only when the price exits and fixes under the ascending channel at an increased volume, but for now the ascending movement is in priority.
Again Bitcoin looks upOn the chart, there is a noticeable narrowing of the borders of consolidation, a triangle was formed, which is a figure for the continuation of the trend. Also noticeable is the local pattern of Inverse Head and Shoulders, which also works up. Therefore, the probability of the price going up, at the moment, is high.
Disembarking extra passengersThe other day, there was a sharp drain, which is very similar to the squiz, such movements are usually made to collect stop losses and therefore liquidity. A long shadow formed on the 4-hour candle. The price tested its mirror support level, which I wrote about several times in previous publications. Therefore, in the near future, growth is more likely than the continuation of the correction.
Possible false exit from the ascending channelOn the 1D timeframe, the recent downward movement can be considered as a false breakout of the ascending channel. The local picture is also quite bullish now, on the 4H timeframe. formed an inversed Head and Shoulders. Therefore, at the moment, while the price is within the boundaries of the ascending channel, an upward movement is most likely.
Price tests the main levelUnder the previous idea I wrote about the fact that the price is more likely to continue the upward movement. Now a bullish pennant has formed on the 4 o'clock timeframe, which confirms the bullish mood. Therefore, in the near future, we are likely to see another upward momentum.
The price goes upOn the 1D timeframe, an upward squeeze is formed, and a triangle with a flat top is formed. My priority is the upward movement as long as the price is kept within the triangle. If the price on the 1D timeframe is fixed below the lower border of the triangle, this will be a signal for correction, but for now the priority is ascending.
Lenta's stock price is expected to growConsider Lenta's shares on the London stock exchange. A wedge pattern has formed on the 1-month and 1-week timeframe. Globally, I expect this stock to grow .
The price is still in the trend continuation patternOn the daily timeframe, the price moves in the trend continuation pattern. At the moment, we are at the lower border, where we can approach up. Purchases are still a priority. The situation will change only when the price goes down and is fixed under the figure.
Preload to resistanceOn the chart, there is a noticeable compression to the resistance. You can also note the reluctance of the price to update the lows, which is why a smooth reversal is formed. You can also see an inverted Head and Shoulders based on this, at the moment, the growth is most likely To observe the reaction of the price to the resistance zone.