GU(W) Apposing forks, same conclusion!
Hello all,
This chart shows a longer term view of where the GU is headed. The "Zoom" weekly bar tells me there is more downside to this move as it not only takes out the downward green median line but also confirms a price failure of the upward blue fork lower parallel. In light of this information and the high probability of reaching the minimum target of 1.48124. I will be looking for shorting opportunities on the lower time frames and will attempt to post them as they present.
Please note: If the market where to jump above the downward green median line I will go flat until I can determine direction.
Sincerely,
TIK
This chart shows a longer term view of where the GU is headed. The "Zoom" weekly bar tells me there is more downside to this move as it not only takes out the downward green median line but also confirms a price failure of the upward blue fork lower parallel. In light of this information and the high probability of reaching the minimum target of 1.48124. I will be looking for shorting opportunities on the lower time frames and will attempt to post them as they present.
Please note: If the market where to jump above the downward green median line I will go flat until I can determine direction.
Sincerely,
TIK
