As analysed last week. GJ painted a massive double bottom and broke the high structures to the left. I thought that price would pull all the way down for a retest before pushing back up to continue the double bottom pattern. As we know price doesnt move in 1 direction indefinitely, so we always get a pullback. But if momentum is strong enough price doesnt always pull back as hard as we expect, before moving in momentum again.
So as it stands, GJ is in a bullish pattern, with possible intraday sells, if the conditions are right, however, everything points towards a long term buy. When we go to the weekly chart, we are also in a very strong bullish momentum, so trade with caution
So as it stands, GJ is in a bullish pattern, with possible intraday sells, if the conditions are right, however, everything points towards a long term buy. When we go to the weekly chart, we are also in a very strong bullish momentum, so trade with caution
Trade active:
As discussed last week on the daily time frame analysis, We saw a skew double bottom forming, I said that we should expect a pulldown in intraday trades, as we have. With yesterdays daily candle closing bullish we should expect a nig push up for the rest of the week
GJ is Bae
GJ is Bae