Gala breakout of downward channel in progress! Target c.0.10
Seems like a clear bull flag is in play. Just had a fake put up with an immediate pullback to shake a few weak hands out. Now building up and out of the flag/ upper trend line. Fib extension target: golden pocket (.618). Could extend further to 1.0.
Downward channel / bull flag in play. Reckon price will retrace to the 0.5 fib level before thinking about a continuation. May see a wick down to 0.618 level and find support here along with the 50 EMA (4HR timeframe) and order block serving as additional psychological support.
Quick rundown of setting up a gann box. Steps below also; 1. Pick a TF (Minimum 1HR ) Example here on 4HR 2. Lock price to bar ratio 3. Find key pivot high or low 4. Turn on magnet, and select the 'Gann Square' tool 5. draw the square from your pivot point, until you go beyond the current price AND hit one of these key fixed time intervals (see number at...
My setup of the Harmonic patterns indicator in tradingview.