Analysis: On the 4-hour chart, 
GT is forming lower highs, signaling a bearish trend. The price is below the 50-period SMA ($15.75), and the ADX is rising, indicating strengthening bearish momentum. Support at $15.30 was breached, setting up a move toward the next key level.
Key Levels:
Support: $14.50, $14.20
Resistance: $15.60, $16.00
Target: $14.20
Outlook: Short on a retest of $15.60 with a stop loss above $16.00. Target $14.20 for a 9% drop. Monitor ADX for trend strength.
GT is forming lower highs, signaling a bearish trend. The price is below the 50-period SMA ($15.75), and the ADX is rising, indicating strengthening bearish momentum. Support at $15.30 was breached, setting up a move toward the next key level.Key Levels:
Support: $14.50, $14.20
Resistance: $15.60, $16.00
Target: $14.20
Outlook: Short on a retest of $15.60 with a stop loss above $16.00. Target $14.20 for a 9% drop. Monitor ADX for trend strength.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.