After breaking through the EMA 200 GWPH can be seen as a falling knife. Typically, the actual downwave will reach down to the min. correction fibo @ 98,95. Here a counterove could start with TP = BO-Level = 111$. Trading above 111-115$ would be a great bullish Signal. TP1:119 / TP2: 135 Trading below the 38,2 means aiming 86,93$ Watch the RSI, he is near a buying signal
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is thisa bottom? the candles are nearly bullish
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Is this a double bottom?
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YES
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nice ! tested exactly the EMA 200, a healthy consolidation could start soon... a test of 106/104,75 is thinkable..but if we could recapture the level 112, a further upwave could be exspected