EGLD/USD
EWT count - 16 MAY 2022
It looks like a correction might have ended, after over 6 months of downfall of EGOLD.
The expected price of $ 72.26 has been touched.
If the price touches the mark of $140.94, we may consider an uptrend of this. If the price keeps heading down, it means that we are still into the "red territory" and an impulse on the downside may form.
Conclusion for now: Wait for confirmation of BUY or SELL signals
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
EWT count - 16 MAY 2022
It looks like a correction might have ended, after over 6 months of downfall of EGOLD.
The expected price of $ 72.26 has been touched.
If the price touches the mark of $140.94, we may consider an uptrend of this. If the price keeps heading down, it means that we are still into the "red territory" and an impulse on the downside may form.
Conclusion for now: Wait for confirmation of BUY or SELL signals
This analysis does not represent professional and/or financial advice.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/