= ELEMONT FX =
Analysis:
- EOS is currently within a bullish flag pattern
- We expect price to continue retracing towards the next support level (blue zone)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- Price will then retest the top of the flag pattern, where a break could signal new highs
- Blue zone is also the 61.8% fib level
Targets
1. 15,200
2. 17,050
3. 20,100
Analysis:
- EOS is currently within a bullish flag pattern
- We expect price to continue retracing towards the next support level (blue zone)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- Price will then retest the top of the flag pattern, where a break could signal new highs
- Blue zone is also the 61.8% fib level
Targets
1. 15,200
2. 17,050
3. 20,100
