On a 4hr for GU, we can see that price has broken past the double top and come back to retest it. I intend to buy GU if the price comes back to retest the blue double top zone. If the price just rallies without retesting that zone, I will buy GU when it makes its next higher low.
On the other end, if GU opens weak, and breaks the trendline, I intend to sell GU on the retest of the same double top zone, down to the last higher low which is also a fib retracement level. If the price continues to drop, I will sell GU again on the retest of this key level.
Happy new year!
On the other end, if GU opens weak, and breaks the trendline, I intend to sell GU on the retest of the same double top zone, down to the last higher low which is also a fib retracement level. If the price continues to drop, I will sell GU again on the retest of this key level.
Happy new year!