🔥 GMT Bearish Triangle: Patience For Break Out
GMT has formed a bearish triangle over the course of several months now. Every time, the yellow support area holds and causes some kind of rally towards the purple dotted resistance line.
With both the resistance and support lines closing in on each other, a break out is to be expected soon.
I'm looking for a potential bearish entry. A daily close below the yellow support area would indicate significant weakness and signal a potential further decline, targets in blue.
With both the resistance and support lines closing in on each other, a break out is to be expected soon.
I'm looking for a potential bearish entry. A daily close below the yellow support area would indicate significant weakness and signal a potential further decline, targets in blue.
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