-Bulls have recently defended 50 on the daily
-Price contraction in a symmetrical triangle for over 2 months indicating breakout potential
-Recent price support is being found at the 25d MA
-Finding resistance at the .786
The strongest trade opportunity here I believe will be once the .786 is broken and tested as support. Long the .786 after breakout and have a target of the .618 at 17,700.
We have a breakout ATTEMPT out of both symmetrical triangles.
At the moment, GVT is re-testing for support on the breakout.
Look for an entry if you see support hold