Seeking input of traders, in general, on my analysis on GU.
I focus more on hourly closes to gauge order accumulation. Having said that lets take a look at this level:
Looking at Feb, significant disequilibrium here. where we are. not much close above. This is most relevant since most recent imo. chart below.
Lets go back to April 2018. This shows me that this level is indeed quite crucial. Level still seems significant then with not too much to hold it down except for perhaps 4230. chart below
For support lets go back to Feb 2009. Here we can clearly see the importance of where we are. Although, since its the oldest I give it lesser weight. Chart below.
In conclusion I'm just bullish for the mere reason that we are constantly closing above here for like the last 3 weeks. So I would just go for a big position, after seeing what NFP does on Friday.
P.s. This level seems to always have had a fundamental attached to it. currently im thinking UK ascension for trans-pacific trade. Perhaps.
I focus more on hourly closes to gauge order accumulation. Having said that lets take a look at this level:
Looking at Feb, significant disequilibrium here. where we are. not much close above. This is most relevant since most recent imo. chart below.
Lets go back to April 2018. This shows me that this level is indeed quite crucial. Level still seems significant then with not too much to hold it down except for perhaps 4230. chart below
For support lets go back to Feb 2009. Here we can clearly see the importance of where we are. Although, since its the oldest I give it lesser weight. Chart below.
In conclusion I'm just bullish for the mere reason that we are constantly closing above here for like the last 3 weeks. So I would just go for a big position, after seeing what NFP does on Friday.
P.s. This level seems to always have had a fundamental attached to it. currently im thinking UK ascension for trans-pacific trade. Perhaps.
Attached Image(s) (click to enlarge)
1
,........ think I might be going to the cooler?, where's that baseball 
, good luck all see you on the other side 
))
Go bulls 