EOS broke down from support and is now retesting it. A short of the retest offers minimal risk with a stop placed slightly above (it could re-establish this line and we don't want to get caught on the wrong side). Considering it is doing the retest after a 40% pump with little correction, it could be setting itself up for a huge failure here. If that is the case, expect to see new lows. In any event, a stop above prevents means minimal risk and it could give substantial rewards. Good luck.
Commentaire:
I would put my stop a little above this line. Sometimes it pokes through before failing.
