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GLQ's chart structure is looking increasingly bearish. The possibility? A five-wave drop could be taking shape right now.
Here's what matters: Wave-ii resistance sits in a clear zone—$0.0384 to $0.1002. That's your battleground.
If price smashes through that upper boundary? Everything changes. We'd be dealing with a bigger ABC corrective bounce instead. The kind that could rally hard.
Keep your eyes on that resistance band. It's the difference between continuation down or a reversal surprise.