crucial zone for $gvt...
if this is a new wave up wave 2, then we need to bounce here or around the green lines , stop loss below last LL.
ultimately if this is the corrective C (B being the push up from august) then this could be the end of 2 all the way from ATH back down to the long term trend .
fractally gvt 1 2s return to the trend, there has been 5 or so instances of this so dont see why the larger structure wouldnt do that.
saying that, gvt is really cheap right now for what it is and can be. taking a 50% hit buying now and it going down would be the end of the world given ATH will be smashed soon.
if this is a new wave up wave 2, then we need to bounce here or around the green lines , stop loss below last LL.
ultimately if this is the corrective C (B being the push up from august) then this could be the end of 2 all the way from ATH back down to the long term trend .
fractally gvt 1 2s return to the trend, there has been 5 or so instances of this so dont see why the larger structure wouldnt do that.
saying that, gvt is really cheap right now for what it is and can be. taking a 50% hit buying now and it going down would be the end of the world given ATH will be smashed soon.
