$GAS is currently trading within the falling wedge formation on the 12H chart.

๐Ÿ“‰ Falling Wedge Overview (12H Chart)

Pattern: Lower highs and lower lows converging into a narrowing range.

Significance: This usually signals decreasing selling pressure and potential for bullish breakout.

Current Price Action: GAS is consolidating tightly near the wedgeโ€™s apex โ€” a common precursor to a breakout.

๐Ÿ“ˆ Bullish Scenario

Breakout Confirmation: A clean break above the wedge resistance with volume would confirm bullish momentum.

Target: $4.20๐ŸŽฏ is a logical target, potentially based on:

Previous resistance level

Measured move (height of the wedge added to the breakout point)

๐Ÿ” What to Watch For

Volume Spike: Increased volume on breakout = stronger confirmation.

Retest of Resistance: A healthy breakout may include a retest of the wedge resistance as new support.

Invalidation: Drop below recent lows or wedge support would invalidate the pattern.

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