Looks bullish, going to add to watch list and look for more signs of a reversal
Sloppy lines, but a solid candidate. Volume less than average today and 2M float
GBR = WEDGE LOW = COMPRESSION AFTER PUMP MONSTER LONG FLAG = 44° in total return = PAY ATTENTION = 100% - 350 % RETURN .. from 1.9 to 3$
Gap up 1. if above 4.50, look for wash to long or reclaim 4.50 for long 2. if below 4.50, look for stuff 4.50 for short Gap down 1. if below 3, use premarket range as guide for short risking off premarket range high / wait for reclaim of vwap and 3.00 for long Within range of 3~4.50, favored more short due to previous peak at 4.50
There is a very fast trading option at GBR. This is pulse trading. In this case, we are trading relatively short moments or breaks pulses. The exchange rate is currently in the correction phase. We are at the beginning of a triple downward wave structure. so we wait patiently for as long as the exchange rate is around the US $ 1.5 level. This is the target price...
$GBR saw some volatility today with buying out of the market open. However, ending the day in a broken descending triangle pattern causing consolidation above $4.78 support. If support holds - as I expect it to - $GBR is a possible buy for a break over $4.96 to a run up to a target of $6.80. If $GBR doesn't see sufficient volume / buying pressure on 7/6 - then...
AT ITS CURRENT PRICE THE UPSIDE TO RETURN IS HIGH, CHECK OUT THE CHARTS AND SEE THE GREEN INDICATORS
GBR has broken the uptrend. I'm expecting a pullback before the next wave down.
GBR seems on a corrective phase after the last impulse. I'm looking at the price action in this retrace for a possible wave up. If it breaks the previous top the impulse could be very huge.