The Market broke that Bullish Flag Pattern and now it seems like it is retesting it.. and im looking for a possible rejections there on a smaller TF and go Long
Waiting for a Pullback to that blue line and a formation of a bullish flag on a lower TF and up we go..
Longterm selling opportunities there.. but firstly we will wait for lower timeframe bearing flag opportunities and then we dive in..
Break and Retest of that Flag we going down to the first support and if it also break and close below it we will down to the next..
Might form double Top and go down or it can also break that resistance to that purple box before it falls.. we anticipate two possibilities..
Short term Sell Opportunity after the break and retest of that small flag.. It will sell until it closes all that Gap..
If ever it breaks that Structure and form that Flag.. down we go.. but for now its all about the Game of Waiting and Patience..
Selling Potential.. break and retest of structure..
Retest of that break of structure comfirms shorting possibilities..
Nice bounce on that Resistance which have now changed to a Support.. Im now looking for buy..
Long term buy on GU.. but only God knows..LOL.. And if my projections are right then.. thats how long we could go.. cheers..!!!
Intraday long setup.. even though on 4H timeframe im seeing a long term Buy.. but patience is all we need to have.. cheers..!!!
It looks like its going to be a long term sell UD.. as it will complete its wave 5 on that lower end of the TL.