Amazing structure formed by GU. Clean 5 wave impulse followed by a complex corrective structure. Price has bounced off of the 61.8% fib retracement level of the impulse which also happens to be confluent with a support level. On the m15 timeframe, price has broken out of a descending trendline and has just retested it. This is quite the concoction of a long bias psychology. Let's see how it performs.
Let me know what your thoughts are on GU for the upcoming weeks. I hope you are having a safe and good trading week.
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