Analysis: 
GT has rallied to the 61.8% Fibonacci retracement level ($22.10) from its March 2025 high ($23.50) to its April low ($19.50). This level has historically acted as resistance, and the current price action shows a bearish pinbar rejection. The Stochastic RSI is overbought, and a drop below $21.50 could target the 38.2% Fibonacci level at $20.50.
Trade Plan:
Entry: $21.70 (post-rejection confirmation).
Stop Loss: $22.30 (above 61.8% Fib).
Target: $20.50 (38.2% Fib, ~6.3% downside).
Risk-Reward Ratio: 1:1.5.
Timeframe: 3-7 days.
Indicators: Fibonacci Retracement, Stochastic RSI.
GT has rallied to the 61.8% Fibonacci retracement level ($22.10) from its March 2025 high ($23.50) to its April low ($19.50). This level has historically acted as resistance, and the current price action shows a bearish pinbar rejection. The Stochastic RSI is overbought, and a drop below $21.50 could target the 38.2% Fibonacci level at $20.50.Trade Plan:
Entry: $21.70 (post-rejection confirmation).
Stop Loss: $22.30 (above 61.8% Fib).
Target: $20.50 (38.2% Fib, ~6.3% downside).
Risk-Reward Ratio: 1:1.5.
Timeframe: 3-7 days.
Indicators: Fibonacci Retracement, Stochastic RSI.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.