Reversal mode. Great setup.
Looking for a bullish crossing on the MACD for a 5th wave up for EGL. If this happens, potentially great returns.
EGLE seems bouncing in this lower degree channel with a bullish divergence. If it breaks the previous structure i'm expecting the upper channel as a possible target. If it fails it is probably making a pullback to the lower trendline.
Got in this beast after hours @ 0.90. You can see the price action over the last few months. Not for the faint of heart!
Good luck longs...this is the type of squeeze we look for.
Itsy bitsy tiny pattern running to a bullish target