GALA looks like a very simple Impulse, correction, impulse.
We've recently broken out of the year long correction with a nice impulse.
We are now in an ABC correction which appears to be held within a parallel descending channel. We've seen both waves A and B and we are currently in wave C.
See chart update for lower timeframe analysis.
Trade Idea:
- For a safe entry, enter on break of the channel
- For a risk entry, enter on break of lower timeframe trendline
- Stops below the bottom indicated
- Targets: 0.1, 0.2, 0.7, HODL the rest
Goodluck and as always, trade safe!
We've recently broken out of the year long correction with a nice impulse.
We are now in an ABC correction which appears to be held within a parallel descending channel. We've seen both waves A and B and we are currently in wave C.
See chart update for lower timeframe analysis.
Trade Idea:
- For a safe entry, enter on break of the channel
- For a risk entry, enter on break of lower timeframe trendline
- Stops below the bottom indicated
- Targets: 0.1, 0.2, 0.7, HODL the rest
Goodluck and as always, trade safe!
Comment:
GALA 2D CHART
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