Based on my technical analysis the DAILY chart shows how G30 has been in a recent overall bullish move since March 2020. Around the end of October price dropped and hit s/r area as well as 38.2 fib level for the retracement. It is currently above 13000 price and we will wait to see if it breaks the resistance zone which is 13800 price area. Measuring with the fib extension tool it looks as if price can hit all the way to 127% and above 14400 . We might see it hit past that price between the months of March-April.
If you agree with my analysis please like or comment your input.
If you agree with my analysis please like or comment your input.
Comment:
update - price looks like its finished the retrace after breaking through the resistance zone. using fibs price has hit 61.8 fib level . Could possibly be a good time to enter in for the buy now
