GMT has formed a bullish pennant on a 4hrs time frame. We are likely going to see $4 very soon. A break below $2.10 might look bad for traders. Trade wisely, and remember that this is not financial advice. Do your research, and do not forget to like and subscribe if you find this analysis helpful. Thanks.
Comment:
The market has broken below the bull pennant support. As I said earlier, trade cautiously. Look at Mark Cipher B and KDJ for possible buy/ entry opportunities. If the $2.04 region is broken, the next support will be around $1.83.
Trade closed: stop reached:
Stop reached, Bull Pennant is invalidated. Focus on the support and resistance zones.
Comment:
I Will Update a new analysis shortly. Make sure you check it.