FGBL in an increasing hallway
Hello traders,
The FGBL is growing in an upward trend. The hallway of growth limits the evolution of the FGBL.
So, what we expect is that the FGBL will continue playing inside that hallway, but in an increasing trend in long term.
If the FGBL breaks down the secondary support, it will decrease so that it bounces on the support S1.
But, if it can break the resistance S1, we can say it will leave that hallway in a new increasing trend.
The FGBL is growing in an upward trend. The hallway of growth limits the evolution of the FGBL.
So, what we expect is that the FGBL will continue playing inside that hallway, but in an increasing trend in long term.
If the FGBL breaks down the secondary support, it will decrease so that it bounces on the support S1.
But, if it can break the resistance S1, we can say it will leave that hallway in a new increasing trend.
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