The reason I am interested is that GT just completed a clean downward wipeout, entered a strong demand zone, and immediately showed signs of a rebound. The wipeout near the lows seems to indicate that sellers are exhausted, and the rebound tells me that funds are quietly accumulating. Market Interpretation I see a sharp decline from a local high, followed by the formation of a clear bottom structure. The prolonged rejection from lower areas indicates that buyers are actively defending. The current high and low point structure and steady upward momentum suggest confidence is building rather than panic.
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$GT Looks interesting
The reason I am interested is that GT just completed a clean downward wipeout, entered a strong demand zone, and immediately showed signs of a rebound. The wipeout near the lows seems to indicate that sellers are exhausted, and the rebound tells me that funds are quietly accumulating.
Market Interpretation
I see a sharp decline from a local high, followed by the formation of a clear bottom structure. The prolonged rejection from lower areas indicates that buyers are actively defending. The current high and low point structure and steady upward momentum suggest confidence is building rather than panic.