GU IS FOLLOWING A VERY STRONG TREND LINE, ALONG WITH VERY A STRONG BULLISH UPTREND ON HIGHER TIME FRAMES. GOING TO WAIT FOR GU TO COME DOWN TO PREVIOUS HH SINCE IT IS ALSO IN CONFLUENCE WITH MY TL AND MATCHES A PREVIOUS ABCD PATTERN, WHICH GIVES ME 3 REASONS TO BUY IN THIS ZONE. HOWEVER, IF THAT FAILS, WILL BUY ONCE TL IS BROKEN TO THE UPSIDE. WILL RIDE THIS OUT UNTIL 1.3200 TO COMPLETE ABCD, WHICH ALSO MATCHES A VERY STRONG WEEKLY RESISTANCE, ALONG WITH MY UPPER TL.
Comment:
Good analysis. Be more patient and let trade run to projected target.