GU long to 1.39000

11 Nis 2019

GU has been struggling to break the 1.3 zone since last month. Not only is it a very strong S&R area, it is also the daily 61 fib and is in confluence with my lower trend line. If you look at the weekly time frame, you can see a H&S pattern, with a doji/spinning top to close last week. Next leg still needs to be completed from H&S pattern.