What you're looking at is the multi year downtrend channel
that GU has been trading in. The weekly candles from the past 3 weeks are indicating that price is hesitant to drop. A quick glance at the DXY
and you can see it is in free-fall. If you zoom in to what GU is doing at the moment on the hourly, you can see it consolidating, just below the upper trend line
. To me, that is a bullish
sign. With it being a multi year channel, once it breaks, I would expect huge momentum to the upside. All eye's on the $ this week.