Quick Update on GU. Yeah it is moving down. I marked the Trend Channel and we are in a Down Trend. The corrective move is over and we can expect a nice drop on GU. Do not buy it. Just look to add shorts at new and simply trade GU to the downside.
Watch the video of my GJ Analysis. GU is very similar. You can adapt the overall structure explanation why I see GU dropping.
Head and Shoulder
I also mentioned this pattern in the past as an additional Confirmation to short it.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time