Good candles should follow through

Our GU daily chart with some of the potential SR areas highlighted. After the big move up last week the failure to follow through higher spoke volumes. Its just common sense, if an engulfing positive close candle like 29 June does not carry on higher ask yourself whats going on?

 Two red doji's followed to set up a sell off. If you weren't selling already on 4th then that days negative close confirmed a kind of evening star pattern, i.e. a positive close, hesitation doji, negative close. The D chart had a lower high, rsi crossed through its moving average and below 50 level. Everything is suggesting sell from 5 July.

See the method expanded post from 8 April. Almost all the possible items are ticked off here to focus you on selling.