Price is approaching the resistance created by a downward channel that was recently broken to the downside and a structure. There are two scenarios in my opinion: price will go down from here or the next structure above. Look for a rejection to the downside. Target is the nearest swing low. Tell me what you think.
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Very likely to be scenario 2 where it will hit the next structure.
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Price exactly hit the second structure and went down.
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Price went down to lower line of the channel and bounced back. It touched the upper line. Watch for a rejection to the downside. Make it or break it time for GU.