$GALA — Bearish Price Action Incoming?

Gala’s price chart and technical indicators print a bearish scenario.

➡️ GALA printed a reversal candle on 18th May followed by a massive bearish engulfing candle.

➡️ Historically, this pattern on the daily chart has a high win rate of 100% based on 3 appearances.

➡️ Technical indicators look bearish too. Especially the trend indicators signal a bearish scenario. Momentum indicators on the other side do not show a reversal yet.

Both factors indicate a continuing downtrend.