InvestingScope

Target hit. Consolidation probability but short lived. Short.

Short
TP = 5.9782 hit as the 1D Channel Down (MACD = -0.846, Highs/Lows = -0.8497, B/BP = -1.6418) aggressively broke near a new Lower Low (oversold RSI, STOCH, STOCHRSI, Williams). This oversold activity is unlikely to be able to sustain further downtrend on EOS without a week long consolidation. This suggests that a Lower High near 5.95 is probable, but the underlying trend remains bearish and we remain short with TP = 3.8925 and 1.6921 (November 24, 2017 Low) the extension but under circumstances that we will update on.

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