• General motors reversed from resistance level 65.00
• Likely to fall to support level 55.00
General motors recently reversed down from the multi-month resistance level 65.00 (which has been reversing the price from last year), intersecting with the upper weekly Bollinger Band.
The downward reversal from the resistance level 65.00 created the weekly reversal pattern Shooting Star.
General motors can be expected to fall further toward the next support level 55.00 (which has been reversing the price from the middle of last year).
Source: Fxpro
