ðĨ GMT Falling Wedge Continued: More Selling Ahead
GMT has been falling ever since it topped out in May last year. During this very long bearish period, it appears that GMT has formed a falling wedge pattern.
Falling wedges are classically bullish reversal patterns. However, the pattern is far from finished, so that's why we continue to look bearish.
Stop above the most recent swing highs, target at 0.08 or the bottom support of the pattern.
Falling wedges are classically bullish reversal patterns. However, the pattern is far from finished, so that's why we continue to look bearish.
Stop above the most recent swing highs, target at 0.08 or the bottom support of the pattern.
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