Eos candles need to breakout across the 2x1 gann fib ray - The price may sill see the 5th arc regardless depending on whole market sentiment - Support/resistance and price pathways on the arcs and fib rays
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Fell off the arc but held on by its fingernails
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Eos on support of the Arc Pair breaking above the 2x1 fib ray - If the move continues the top is the 3rd arc pair
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Eos candles have opened above the 2x1 on support of the 4th arc pair - Next downtrend is the 1x1 gann fib ray, its fairly common for the price to push down again before breaking thru the 1x1 - Support on the 5th arc pair
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Hitting resistance here
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The new candle opened inside the arc pair beneath the 1x1 fib ray - This is the top of this bounce quite possibly
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Woah i spoke too soon! Breakout - Top of the range around $12.40
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Looks like an exit pump not a break out..
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Possible price pathway
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Nice wick on the arc support - One of these 2 pathways is possible depending on which of the resistance or support breaks
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Bullish 240 candle but is currently being stopped by the 1x1, ideally a candle needs to open above the 1x1 for more upside towards the 1x2
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Eos needs to regain the support of the arc or the price will slip to around $9.90
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Sliding down the top of the 1x1 fib ray after breaking thru it and losing arc support - Next support on the 5th arc around $9.80
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Eos used horizontal support of the 78.60% fib to move to the 5th arc pair without too much of a drop - Likely ascending support here, the price needs to hold above $10.20 and ideally break thru $10.45
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Next couple of candles should decide the direction
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Ok we maybe got the answer already
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Eos candles are currently on horizontal support of the Gann bottom of square and moving toward the downtrend of the 1x2 fib ray - On just horizontal and not ascending support this can cause a drop in price
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Eos has nearly completed this chart i will post an update, down is more likely than up from here
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