GJ is in a strong uptrend from HTF perspective, but is overbought and we could see a correction, down on the 1D TF price recently made a bearish impulse to the downside and broke below the previous Swing high, this move has been followed by a retracement which is currently testing the 0.618 fibonacci. If we drop down to the LTF we can identify the retracement is in the form of this rising wedge giving us more confluence showing us we can be looking for potential move to -0.272 fib extension - waiting on the micro TF for potential entry confirmations.
GJ is in a strong uptrend from HTF perspective, but is overbought and we could see a correction, down on the 1D TF price recently made a bearish impulse to the downside and broke below the previous Swing high, this move has been followed by a retracement which is currently testing the 0.618 fibonacci. If we drop down to the LTF we can identify the retracement is in the form of this rising wedge giving us more confluence showing us we can be looking for potential move to -0.272 fib extension - waiting on the micro TF for potential entry confirmations.