GU Potential Short

2019-12-09 09:35:20

GU went for a very complicated move last week. Daily tf wave 5 continuously pushed the price higher, while momentum wanted to go short. We took a small 50 pips short last Friday. New wave has developed and we believe that we are in a sub-count wave 5. So it can be truncated at last Friday's high then drop . All timeframes are very overbought + confirmation from Elliott Wave Principle.

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