Here we have GU making a wedge and has recently rejected the supporting trendline hopefully to make its way to the resistance trendline and make a lower high. As suspected, price did infact react to the resistance and may be coming back to retest the low made or we could see the formation of a QML pattern where it could react to the support holding the left shoulder of the pattern. Either way, I am hoping for a bullish reversal soon. Lets wait and see!
Comments and/or suggestions highly appreciated :)
Comments and/or suggestions highly appreciated :)