$GMT Double bottom Deviation
GMT looks like it could be putting in a major bottom here. On lower time frames theres a bullish dragon double bottoming under the range, which id expect to be a deviation.
Bulls need to recapture the range, and retest it as support and id begin to look for a major reversal here.
Above there id look for a break of .29 with potential for an extension to .47. The measured move would take you up into the supply zone around 60 cents.
Watch the levels, and critical retests, those will be the levels to lean on, only after a confirmation of that bias has been confirmed
Bulls need to recapture the range, and retest it as support and id begin to look for a major reversal here.
Above there id look for a break of .29 with potential for an extension to .47. The measured move would take you up into the supply zone around 60 cents.
Watch the levels, and critical retests, those will be the levels to lean on, only after a confirmation of that bias has been confirmed
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