GU currently looks bearish right now, since it had the best week for bull last week. I heard lots of traders calling full bearish trend atm, but, based on the price actions on bear, I'm not convinced. If bears are getting ready to step in, a big fat bear candle or crossing star should be involved.
In a short term, I'm expecting GU to have another bullish up move before the trend being changed. How far it'll go? idk, currently, I'm expecting it goes back to 1.33ish and may create a double top. Or it could go create a HH (5th wave).
Not entering any positions on GU right now, but looking for better entry to short.
Peace
In a short term, I'm expecting GU to have another bullish up move before the trend being changed. How far it'll go? idk, currently, I'm expecting it goes back to 1.33ish and may create a double top. Or it could go create a HH (5th wave).
Not entering any positions on GU right now, but looking for better entry to short.
Peace
Comment:
1.30 on sight