FX_Academy

EOS (EOS/USD) fractals are telling us the way is down.

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BITFINEX:EOSUSD   EOS / Dollar
I have labeled two similar fractals - yellow triangle which represents the top fractal and the blue triangle which represents the fractal in which is the current price action. Yellow fractal's characteristics are that there's a shart down move followed by a cluster after which the price drops. Blue is a symmetrical triangle in which the price bounces as the price consolidates and which there's a significant drop to the next Gann Fan level. If we see a breakout from the downside off of the current triangle I would expect the price to drop to the 8/1 Gann level again which would make a higher low.