GALA is showing signs of coiling up for the second half of its fractal pattern (Rally C). Based on historical patterns, the price could bottom out around February, similar to the last rally.
Key Observations:
1. Demand Level Retest:
• The divergence move on the Trend Reader suggests a retest of the demand zone before the next rally.
• The fractal pattern also indicates a revisit to this level as part of its natural cycle.
2. Long-Term EMA:
• The EMA is projecting flat readings, signaling a potential price dip before a rebound.
3. Trend Reader Signals:
• The Short Term Signal Line is nearing the oversold zone, and a crossover here could trigger a sharp price increase.
• The Long Term Signal Line indicates weakening long-term momentum, suggesting a selloff may follow after the next high.
Price Targets:
• 7.7 Cents
• 13 Cents
• 16 Cents
Traders should monitor the demand level and the oversold crossover on the Trend Reader for entry points. Be cautious of potential selloffs after hitting the targets.
