EU Analysis
Unlike GU, which shows potential to continue climbing to new heights, I will say that I am more bearish on EU.
Having a double-top pattern, with a broken and retested M, and price is currently underneath the 61.8 level gives me major technical belief that EU could retrace to it's March 2020 low.
For now, I am bearish, but I am waiting for the New Year to take any decisive positions.
Having a double-top pattern, with a broken and retested M, and price is currently underneath the 61.8 level gives me major technical belief that EU could retrace to it's March 2020 low.
For now, I am bearish, but I am waiting for the New Year to take any decisive positions.
Penafian
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