GU - long

REAL TRADER

Looking from technical viewpoint GU looks like its tired of this downtrend and its a potential of reversal. Price is now breaking above resistance after making 3 HLs.
If I want to buy, I want to see price break resistance to upside to make bullish structure.
But if price reverse from resistance to downside its continuation of consolidation and price can come back to HL.
I don't get biased - I'm just a price tracker.
But I know for sure that if the price break to upside and break resistance - it's strong bullish indication of potential swing to uptrend.

~AS Malone

交易進行

Price reversed from resistance to downside, but didn't break HL and is creating new HL right now.
Since the price didn't break last HL, trade idea is still valid, but the price is keep consolidating.
We wait for this break of resistance to upside for this BOS to start long term uptrend.
But if the price will break to downside pass this HLs, trade idea is not longer valid, it's a continuation of long-term downtrend.

交易結束：達到停損點

Trade idea is no longer valid.
Price broke lows.
REMINDER: There's nothing wrong with being wrong. We're passive technicals traders, so we deal with being wrong all the time. The key is to squeeze all the wisdom and knowledge from this moments.

~AS Malone