#GT 1 Fibonacci retracement analysis on the 1-hour time frame:
Applying Fibonacci retracement to the price trend on the 1-hour chart of GT shows the following key levels:
1. The recent high point of volatility: $21.65
2. Recent swing low: $20.64
Based on these points, the Fibonacci retracement levels are:
23.6% retracement level: about $20.89
38.2% retracement: approximately $21.06
50% retracement: approximately $21.15
61.8% retracement level: about $21.25
78.6% retracement: about $21.42
Explanation:
Support level: GT's current price is close to $21.33, approaching the 61.8% retracement level