An Elliott View of GU
Just a quick analysis of GU.
It seems to me that we have completed 5 waves and are currently in correction.
I see three scenarios:
1. A complex B-wave where price heads up to complete a regular flat.
2. The B-wave will turn into some form of wedge before triggering the C-wave.
3. Or perhaps we are done correcting and the next impulse wave up is about to begin.
Good luck and safe trading!
It seems to me that we have completed 5 waves and are currently in correction.
I see three scenarios:
1. A complex B-wave where price heads up to complete a regular flat.
2. The B-wave will turn into some form of wedge before triggering the C-wave.
3. Or perhaps we are done correcting and the next impulse wave up is about to begin.
Good luck and safe trading!
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