Updated GU Chart with Wave Analysis

As discussed in my earlier analysis for this symbol "GU approaching resistance zone: Massive shorts AHEAD!!!", I have updated my earlier bearish bias with wave analysis in this post. Price is currently completing or completed wave 4 of wave 5 of wave 5 of wave 5. Price needs to complete wave 5 of wave 5 of wave of wave 5, then the opportunity for the big sell may be presented to us. Normally completion of a major wave and all its subwaves results in price correction. Further, the price is trading in a rising wedge which is also a bearish chart pattern. In addition there is a strong resistance zone above and an overbought RSI. All these confluences add to the bearish bias.