GALABTC Descending Channel| Bullish OB| .618 FIB| Trend

Evening Traders,

Today’s analysis – GALABTC- trading is a clear descending channel structure where a break would be considered bullish,

Points to consider,
- Price Action Corrective
- Descending Channel Resistance
- Bullish OB Support
- Daily S/R Objective
- Single Print Fill

GALABTC’s immediate price action is corrective in a descending structure, s change in the trend directional will allow for a long entry.

The bullish OB Support in in confluence with the .618 FIB and the Single Print fill, and area where a bounce is probable.

The current objective is the Daily S/R, exceeding the level increases the probability of a trend continuation.

Overall, in my opinion, GALABTC is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“Hope is bogus emotion that only costs you money.” – Jim Cramer