GU has formed a terminal 5 wave pattern.
Showing that wave 1 and 4 have run into the same price section, we find that this pattern is structurally weak.
Lets watch GU this coming week as I expect a lot of volatility moving into the market.
EDIT: adjust the chart so that the 45* angle fits at the bottom of the square. This serves as a central oscillation line, where price will revert back to and pivot off of on it's way to the full retracement.
Showing that wave 1 and 4 have run into the same price section, we find that this pattern is structurally weak.
Lets watch GU this coming week as I expect a lot of volatility moving into the market.
EDIT: adjust the chart so that the 45* angle fits at the bottom of the square. This serves as a central oscillation line, where price will revert back to and pivot off of on it's way to the full retracement.