EOS has a corrective structure, the main question is "Is it done or half done?"
There are not many (high probability) counts left. Its either a completed zigzag, a(n) (expanded) flat or the beginning of a diagonal.
Short term bias: [Cautiously] Bullish - monitoring the structure for better entry
Mid term bias: Bearish - missing the fifth
Tradingview has issues, UI > functionality.
Here is the image with the comments that for some reason are not in the idea. (printed as orange lines?)
There are not many (high probability) counts left. Its either a completed zigzag, a(n) (expanded) flat or the beginning of a diagonal.
Short term bias: [Cautiously] Bullish - monitoring the structure for better entry
Mid term bias: Bearish - missing the fifth
Tradingview has issues, UI > functionality.
Here is the image with the comments that for some reason are not in the idea. (printed as orange lines?)
Comment:
Similar price action with Bitcoin and while hovering again around the median, very little room for being wrong which is exactly what you need to take a trade.
Comment:
Note that it found resistance at 5.356 again and the target for that is 4.614 so you can adjust the SL accordingly or wait for the price to reverse/stabilize before entering.
Comment:
There is some complexity so i will keep the bias that its still correcting on some kind of 4th wave. TP on first target, closing on the second most likely - unless it doesnt make 5 waves till then so will be trailing a small portion on the 3rd one.
Comment:
Trade closed: target reached:
Target 1.
Trade closed manually:
Fully closing just before reaching the second one. There is some resistance here on the BTC pair so no wonder it double tops on the USD pair.
Comment:
There is a chance that the low is in here (truncation) and this is a new uptrend. Either way you should be aware of a pullback on the last target.
LogicalDeduction must be cooking something, just sayin.
LogicalDeduction must be cooking something, just sayin.
