I'm looking to buy into G/U if price goes up and retests my trendline. G/U is a uptrend on the 4hr chart and I feel it will continue to rise. Price dropped past the 61.8 retracement level. The 78.6 retracement level should act as a strong support area and make price rise.
I'm looking at a potential head and shoulders setup on a A/U. I'm expecting a pullback to the downside, where a lower low will be formed. Then I'm expecting a pullback to the upside, where the lower high (right shoulder) will be formed. Keep an eye on this setup next week