GALA Market Update
Current Trend:
GALA is following the yellow scenario, showing a corrective rally within a larger bearish structure, but still moving upward toward resistance levels.
Key Levels to Watch:
Resistance: 1.90¢ — 1.95¢ (previous March high)
Next Target Area: 2.30¢ — 4.60¢ if bullish momentum continues
Support Zone (Entry Zone):
Entry Range: 1.29¢ — 1.55¢
(This zone will adjust higher if price continues moving up)
Scenario Overview:
GALA is currently forming an ABC structure upward.
If the current rally becomes a 5-wave move, it would confirm stronger bullish potential.
A move above 1.90¢ could push GALA toward 2.30¢ quickly.
After a local top is formed, expect a B-wave pullback into support.
Trade Setup:
Entry: Between 1.29¢ – 1.55¢ on a pullback, or on confirmation above 1.90¢ (breakout)
Take-Profit (TP) Targets:
TP1: 1.90¢
TP2: 2.30¢
TP3: 4.60¢ (if strong bullish continuation)
Stop Loss (SL):
Below 1.20¢ to protect against a failed setup
Important Note:
GALA forming an Inverse Head and Shoulders pattern is possible, which would be a bullish signal if confirmed.
If GALA breaks above 4.60¢, the bearish yellow scenario becomes invalid, and a larger bullish reversal could be underway.