Chart setup for Friday is primed for a pretty big drop. It could also rebound from here if bulls say "no" - but bulls failed to break it above the bollinger midline (bold blue line) so this is now the second test of the bottom band. Russia news, RSI dipping, MACD nearing crossover, late audit all bad signs.
Most breakouts or breakdowns happen on the outer band retest after a midline crossover, the situation we find ourselves in today. If we're lucky ENZC will post news Friday or the whole market will correct upward from today's deep red to help avert a price drop.
GLTA
1d markup showing head & shoulders formations and breakdown points. Dark blue is 200 day moving average, light blue is bollinger midline and 20 day moving average, dashed pink are bollinger bands.
1d no markup
News trumps charts. Ignore charts if you don't use charts. Charts are less about raw prediction and more about evaluating trend strengths and setups that might support runs or breakdowns. Nothing is guaranteed but it's better than flying blind.
News 
Market Data 
Discover 
AI
