$GT's current trend indeed confirms the old saying—compression must lead to expansion.
The price is being firmly held below the 200-day moving average, with less and less room to move. How long can this contraction last? From a technical perspective, a breakout should be imminent.
What's even more interesting is the gap. If a rebound truly occurs, those previously left gaps will eventually need to be filled. Now, it's just a matter of whether it breaks upward or continues to face pressure.
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$GT's current trend indeed confirms the old saying—compression must lead to expansion.
The price is being firmly held below the 200-day moving average, with less and less room to move. How long can this contraction last? From a technical perspective, a breakout should be imminent.
What's even more interesting is the gap. If a rebound truly occurs, those previously left gaps will eventually need to be filled. Now, it's just a matter of whether it breaks upward or continues to face pressure.