Gala has printed a double bottom pattern at the value area low, hinting at a potential reversal in trend. A breakout above resistance at 0.022 could trigger a major structural shift to the upside.
Gala (GALA) is showing promising signs of a reversal after weeks of downward pressure. Price action has recently formed a double bottom, one of the most reliable reversal patterns, right at the value area low of its current trading range. This setup indicates that the downtrend may be losing steam and that buyers are stepping back in at a historically significant level.
Key technical points
- Double bottom at value area low: Classic reversal structure forming at a key demand zone within the range.
- Breakout confirmation at 0.022: High time frame resistance level that must be reclaimed to confirm trend shift.
- Bullish volume build-up underway: Early signs of increased participation, but follow-through on breakout is essential.
Structurally, this double bottom carries bullish weight. The pattern has formed precisely where buyers previously stepped in, at the bottom of the range, reinforcing the zone as meaningful support. But while the formation itself is a positive signal, true confirmation will come with a break above the 0.022 resistance. This level has capped upside moves and defines the top of the current range. Breaking above it would not only validate the pattern but also establish a new higher high, shifting market structure from bearish to bullish.
Another important level in play is the point of control, the region of highest volume in the current range. Gala is now attempting to stay above this level, and maintaining that strength will be key. Price above the POC, combined with a break of 0.022, would signal a range breakout and potentially open the door to much higher prices in the immediate term.
Volume is the final ingredient. While an uptick has begun, sustained inflows will be critical during and after the breakout. If volume confirms the move through resistance, it will strengthen the likelihood of trend continuation and reduce the risk of a false breakout.
What to expect in the coming price action
If Gala holds above the current support zone and pushes through the 0.022 resistance with strong volume, the market structure will officially shift bullish. This could trigger a breakout from the current range and lead to a sustained move higher in the sessions ahead.
