EOSShort
EOS break down to retest the support trendline?
We may have seen a fitch wave failure already on the EOS chart, or we still remain in a bullish pendant waiting to breakout on to the fifth wave.
Also we are trading below the 30EMA lets see this becomes overhead resistance to. (2HR chart)
Scenario 1 fifth wave failure = we abruptly follow a ABC correction back to the 1st wave peak.
Scenario 2. Not a failure and we accelerate to $7.70. There is a lot of over head resistance above the 3rd wave peak. If your long watch outdoor the overhead resistance!!!
Peace out!
LULU!!
Also we are trading below the 30EMA lets see this becomes overhead resistance to. (2HR chart)
Scenario 1 fifth wave failure = we abruptly follow a ABC correction back to the 1st wave peak.
Scenario 2. Not a failure and we accelerate to $7.70. There is a lot of over head resistance above the 3rd wave peak. If your long watch outdoor the overhead resistance!!!
Peace out!
LULU!!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.