Bearish Divergence Warns of Short-Term Pullback

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Description: On the 4-hour chart, GT shows a bearish divergence, with the price making higher highs near $22.145 while the RSI forms lower highs, currently at 65. This suggests weakening momentum. The price is approaching the upper Bollinger Band at $24.42, which may act as resistance. A failure to break $22.71 (next resistance) could lead to a pullback.

Key Indicators/Patterns: Bearish RSI divergence, Bollinger Bands, resistance at $22.71.

Price Target: A pullback could take GT to $21.15-$21.66 within 3-5 days.

Timeframe: 3-5 days.

Source Reference: (RSI, Bollinger Bands, resistance levels).

Penafian

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