Similar setup for the GU, as you can see it is forming a "Head and shoulders pattern" (I don't trade chart patterns) . Price is moving in a very organized way and that's curious to see. Hope you like me analysis even though it is hard to understand xD. Feel free to ask me anything about my analysis :D.
A pitchfork median line in confluence with a demand zone that turned into a supply zone, let's see.
Confluence of normal pitchfork, modifed schiff and a good demand zone.
Price has com up to hit the back of a sliding parallel, and is showing a bit of weakness. I think that we will see more overall consolidation here at the 2791 area as price is losing momentum.
Price has dropped down as predicted, and now we are at a possible resitance point to the downside. Look to see if price will break down from here. We could see a possible ABCD correction to the downside here with an eventual target near 2425. Look to see what develops in the next few days.
Because of the quick move between A-B, I have created the modified schiff fork to the downside, which is showing good frequency as marked with the arrows to the downside. This could very well be the controlling fork to the downside.
Price has dropped as predicted after hitting the median line. We have bounced off support at 2542 that was marked as a possible support area before. Look for price to hit resistance again shortly at the upper yellow line action reaction going to the downside.
Price has dropped from warning line 1 to 2829 at support. look to see if we rise up from here a bit before dropping again.
Price has climbed through 2808. Look to see if price will stop here at the top near warning line 4.
Price has started to rise higher after testing 2682 as support. Look to see if price can rise back into the fork to continue higher.
Price is gaining momentum to the upside. Lets see if we can break 2700 and break higher to continue again towards the middle median line.
Price has started to rise to the upside after hitting 2682 as support. We are not at resistance at 2698 so price needs to break through with a possible retest as support to continue higher.
Price is at possible support on the marked sliding parallel, trying to go higher. look to see if price rises from here over the next week.
Price has come down to 2684 and bounced. Look to see if price continues to come dwn to 2675 to find possible support.
Price near the top of a sliding parallel here. Look to see if price can continue higher. We look a bit over extended at the moment, so price may drift down slowly before finding support again.
Price is breaking out of the fork. Look to see if price will come down to 2675 and find support.
Price is at resistance at this sliding parallel. Look to see if price can break through and continue to the middle median line set.