This is where I see GJ going next week and the reasoning behind it.
Weekly timeframe:
- After price tapped into the weekly support/level at 149 it formed an inverted hammer cs indicating bullish pressure wanting to come back into the market
Daily timeframe:
- After price tapped into the 149 level it formed a bullish engulfing marabozu cs first which engulfed 3 days of PA. Price then completed a Higher low by sustaining above the 149 level for 3 consecutive days forming a morning star cs formation. The bullish cs of the morning star is a bullish engulfing hammer cs mix which engulfed 3 days of PA.
4 hour timeframe:
- Price broke out of the descending channel and retested it via a STRONG hammer cs.
--> GJ is giving clear reversal signs. Looking at GJ to go into 151.6 region next week. After 151.6 next tp can be 154.3 region
Weekly timeframe:
- After price tapped into the weekly support/level at 149 it formed an inverted hammer cs indicating bullish pressure wanting to come back into the market
Daily timeframe:
- After price tapped into the 149 level it formed a bullish engulfing marabozu cs first which engulfed 3 days of PA. Price then completed a Higher low by sustaining above the 149 level for 3 consecutive days forming a morning star cs formation. The bullish cs of the morning star is a bullish engulfing hammer cs mix which engulfed 3 days of PA.
4 hour timeframe:
- Price broke out of the descending channel and retested it via a STRONG hammer cs.
--> GJ is giving clear reversal signs. Looking at GJ to go into 151.6 region next week. After 151.6 next tp can be 154.3 region
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.