$GLBE has struggled to get above its blue line at $37 but all is not lost yet here as it has formed a very large wedge.
The pull back in November last year was on the 0.618 - 0.65 Fib which is always a good sign as it is regularly associated with an impulse wave.
So first task will be to stay in the wedge
Next will be to get above the blue line at $37 and then the wedge break out.
Bulls do not want to lose the wedge support at $32....or a fall down to the previous low is possible at $15.
Adam L
2024-04-16 19:42:24 +0000 UTC