Potentially forming
Trying to get a little ahead of this pattern formation for you guys
As u know I am quite bullish on Gala
With the formation of a right shoulder
Could be some opportune entry points to load up in the near future.
GALA rejected by 4hrly 200 SMA, and have fallen below the daily 200 SMA.
Measured move at 78.6% Fib level, but may start re-entering position in GALA at around and below the 61.8% Fib level.
On the 4hrly:
4hrly 200 SMA and continues to be rejected by the green 50 SMA and the red 21 EMA.
Ichcloud had turned and remains bearish.