GTC has been consolidating for 6 months and been trying to break the consolidation area (see the screenshot below).
In the 4-hour timeframe, the chart illustrates the pattern I'm closely monitoring as a potential entry point for a buy setup. This pattern aligns with the Accumulation schematic according to the Wyckoff method.
Two possible trades that I'm considering:
Setup 1: when GTC closes above the continued upper resistance (with a 4H candle)
Setup 2: when GTC rises from below and closes above the discontinued lower resistance (with a 4H candle)
Daily chart of GTC:
Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control.