I see a possible scenario where GU has been forming a large/wide double top.
With its recent rounded top sweeping the February spike high, along with what looks like distribution.
Could have YUGE downside potential... we shall see...
Better to wait and react, than try and out-guess
Best to see how price unfolds from here.
Do we hold and head higher?
Does price break down and we make the shift lower?
With its recent rounded top sweeping the February spike high, along with what looks like distribution.
Could have YUGE downside potential... we shall see...
Better to wait and react, than try and out-guess
Best to see how price unfolds from here.
Do we hold and head higher?
Does price break down and we make the shift lower?