GU mid term analysis: Great Bull strength
Trend: Overal downtrend, Long term sideway zone with a double bottom, Short-Mid term clear uptrend!
Structure to keep in mind:
1.31 is a crucial point:
- Get pass it, 1.35 is yours
- Lost to it, 1.26 you go
At 1,31:
On bear side: is supply zone, resistance zone, Pivot point, a pullback point(if you don’t get the wedge pattern)
On Bullside: Many touches resistance is easier to break, it got strike through the pivot point last week with huge volume, it false break the falling wedge, which is a great bullish pattern (if you recognize it as so)
Great move GU, now up or down? Hard to say!
#Hardtoread
Good luck!
Structure to keep in mind:
1.31 is a crucial point:
- Get pass it, 1.35 is yours
- Lost to it, 1.26 you go
At 1,31:
On bear side: is supply zone, resistance zone, Pivot point, a pullback point(if you don’t get the wedge pattern)
On Bullside: Many touches resistance is easier to break, it got strike through the pivot point last week with huge volume, it false break the falling wedge, which is a great bullish pattern (if you recognize it as so)
Great move GU, now up or down? Hard to say!
#Hardtoread
Good luck!