EOS is performing a potentially very bullish pattern on the daily chart, and a breach of the pink descending channel line could unlock it with gains around 90%. A counter-cyclical cup and handle MONSTER trade!
Early bird entry is around the $1.64 pivot support, which is the edge of the major classical fibo support zone. I don't recommend this entry for beginners, as it will most likely result in a heavy selloff if breached and closed (remember, we are in a downtrend). But you will be rewarded if it pans out to the upside. A safer buy is fetching the breakout at $2.13. Be aware of the descending trend lines along the way.
Alternatively, the large harmonic pattern (AB=CD) may play out, taking us back toward the all time low. We would most likely form a high low, and I don't expect a full retracement yet.
As always, I'll keep things updated.
Cheers and GLWT!
- Erik
Early bird entry is around the $1.64 pivot support, which is the edge of the major classical fibo support zone. I don't recommend this entry for beginners, as it will most likely result in a heavy selloff if breached and closed (remember, we are in a downtrend). But you will be rewarded if it pans out to the upside. A safer buy is fetching the breakout at $2.13. Be aware of the descending trend lines along the way.
Alternatively, the large harmonic pattern (AB=CD) may play out, taking us back toward the all time low. We would most likely form a high low, and I don't expect a full retracement yet.
As always, I'll keep things updated.
Cheers and GLWT!
- Erik
Comment:
Here's a closer look.
Comment:
The BO!
So fast...
Comment:
Consolidation?
Comment:
Watchout for a rejection from the upcoming fibo extension
Trade closed manually:
Waiting for next pattern
Comment:
Hit the fibo extension...consolidation time?
Trade closed: target reached:
Hit MAX TP. CHeers! Thread closed.
Comment:
Hahahaa MONSTER TRADE! We got another 75%. Watch for further breakout.
Trade closed: target reached:
Absolutely incredible....
