Symmetrical Triangle Nearing Breakout

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Description: On the 2-hour chart, GT is forming a symmetrical triangle with converging trendlines, with the current price of $22.145 near the apex. The MACD is flat, indicating indecision, but a breakout above $22.50 or below $21.66 will determine direction. Volume is decreasing, typical before a breakout. Given the bullish market sentiment, an upside breakout is more likely.

Key Indicators/Patterns: Symmetrical triangle, MACD, volume contraction.

Price Target: An upside breakout could target $23.50 within 2-4 days; a downside break could see $21.15.

Timeframe: 2-4 days.

Source Reference: (MACD), (resistance/support levels).

Feragatname

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