6d • 💬 Discussion
GGL
GGL (Weekly Chart) Analysis
After a long consolidation phase, GGL successfully converted a major resistance zone into support and formed a clear Higher Low (HL) → Higher High (HH) structure, signaling a trend reversal.
The recent correction found support around the 0.786–0.886 Fibonacci retracement zone, where buyers stepped in again. Price is now recovering and attempting to continue the uptrend.
As long as the higher low remains intact, the chart structure favors trend continuation under Dow Theory, with the previous higher high remaining a key area to watch.
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GGL
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