Just a quick analysis of GU.
It seems to me that we have completed 5 waves and are currently in correction.
I see three scenarios:
1. A complex B-wave where price heads up to complete a regular flat.
2. The B-wave will turn into some form of wedge before triggering the C-wave.
3. Or perhaps we are done correcting and the next impulse wave up is about to...
I don't post a lot of charts (this is my 2nd idea).
I'm also hopeless at forecasting so please don't take this idea too seriously.
Also, I'm not an Elliott wave expert - just like the way it looks. :D
the 1.29050 level looks to me like a line in the sand.
Bulls have to protect this level to avoid the psychological effect
of price breaking...