This is what I see.
We can see GU has pushed down and has been, from what I see accumulating orders.
1. Next week should be a buying potential for GU no cap lol.
2. After accumulation there will be an expansion. Just like a spring from a gun who it shoots, the spring expands.
3. To enter this I would wait for a retest or a strong engulfing candle that is bigger than the previous 3 to 4 candles to enter.
4. You can also use Fib retrace to get in. ( .382 is a strong zone, the middle of .5 / .618 is a strong zone, and the strongest zone or best entry is .786 ) <--- my opinion
NOTE:
After expansion I imagine maybe GU will head up and create a Cup Pattern or Bowl with handle.
Expecting Longs for next week
We can see GU has pushed down and has been, from what I see accumulating orders.
1. Next week should be a buying potential for GU no cap lol.
2. After accumulation there will be an expansion. Just like a spring from a gun who it shoots, the spring expands.
3. To enter this I would wait for a retest or a strong engulfing candle that is bigger than the previous 3 to 4 candles to enter.
4. You can also use Fib retrace to get in. ( .382 is a strong zone, the middle of .5 / .618 is a strong zone, and the strongest zone or best entry is .786 ) <--- my opinion
NOTE:
After expansion I imagine maybe GU will head up and create a Cup Pattern or Bowl with handle.
Expecting Longs for next week