WEEKLY: Right ChartGRT is overall bearish however, it is approaching a strong demand zone in green so we will be looking for buy setups on lower timeframes
DAILY: Left Chart
GRT is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, GRT can still trade lower inside the demand zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
