We see GTC moving within a symmetrical triangle pattern.
It had broken above but found resistance at the daily of 2.13.
Now in terms of any type of triangle: symmetrical, ascending, descending
In my experience, it is neither bullish nor bearish.
I would like to wait for a break in either direction before entering a trade.
Back to GTC, it is currently on VAL and Weekly levels, which may act as support.
IF GTC does break above, my Target would be 2.384
Trade Safe Friends <333
It had broken above but found resistance at the daily of 2.13.
Now in terms of any type of triangle: symmetrical, ascending, descending
In my experience, it is neither bullish nor bearish.
I would like to wait for a break in either direction before entering a trade.
Back to GTC, it is currently on VAL and Weekly levels, which may act as support.
IF GTC does break above, my Target would be 2.384
Trade Safe Friends <333
Note
Will this break act as a SFP?Keep Watch Eeveryone ;)
Note
update on GTC:GTC sees a failed retest, and also rejection at the weekly level.
bearish indication.
please see updated chart below:
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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.