$GT showing early signs of bullish recovery after defending the 7.04 demand zone, and I’m seeing a potential reversal structure forming on the 1H timeframe.
Price swept 7.04, wicked below support, and quickly reclaimed the level. That tells me liquidity below has been taken and sellers failed to push continuation. The recent drop toward 7.00 looks like a final shakeout rather than strong expansion.
I’m watching this for a controlled bounce setup.
Market Read
I’m seeing higher lows forming after the 7.04 sweep.
Selling pressure is weakening on each push down.
Price is compressing just above psy