Maybe it is the time to go short on GU. Be careful!
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I've more times analyzed fibo levels on charts. I've seen this movement several times: 0 -> 0.382 -> 0.236 -> 0.5 / 0.618 -> 0.618 / 0.786. What will happen we will see. Look at where are yearly camarilla levels. Maybe next target is last year close about 0.618 fibo level.
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Be careful!
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Sorry, I took a small mistake in my update comment. The movement what I've seen several times: 0 -> 0.382 -> 0.236 -> 0.5 / 0.618 -> 0.236 / 0.382 -> 0.618 / 0.786.
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I don't trade with candlestick chart pattern but there is a morning doji star (bullish). If it is right more longs can come....
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I took a hlines at the important S6R levels on GU chart. If you look at this chart there isn't S/R lines in the area of the yellow transparent box. It is interesting (imo) at the yearly camarilla pivot is a strong S/R level too.
1,32000 is a very strong resistnace....
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I made this chart one and a half week ago. This is a three-weeks forecast experiment to GU trade. I had use the next 3 weeks high impact datas and my earlier analysis to this chart. I did it on 5th of May. We will see what happen.
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Last year close done. After two weeks, the 3-week forecast is not bad.
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