GU has been ranging this week, breaking highs and lows. It could continue to range until it gives us a sign that it wants to break out of the range.
Yesterday it moved aggressively to the upside taking multiple upper side levels then followed by an aggressive move to the downside, taking some bullish order blocks and sell side liquidity. It also left fair value gaps on its way down and likely to come back up to fill those up. In the encircled part, if we go down to 15m TF, there is also a relatively equal lows that were taken out and was followed by an aggressive move up, which adds as a confluence that price is likely to move back up
Yesterday it moved aggressively to the upside taking multiple upper side levels then followed by an aggressive move to the downside, taking some bullish order blocks and sell side liquidity. It also left fair value gaps on its way down and likely to come back up to fill those up. In the encircled part, if we go down to 15m TF, there is also a relatively equal lows that were taken out and was followed by an aggressive move up, which adds as a confluence that price is likely to move back up